Hyperbitcoinisation is not just about the growing success of bitcoin. It is actually a scenario in which the digital token becomes the world's dominant currency. Overview.
Annual US debt interest spending is surging sharply, while Japan faces increasing inflation expectations alongside a persistent decline in the yen's value. Each week, the Syz investment team takes you through the last seven days in seven charts.
At the end of the week, a major event will take place in the cryptocurrency world. It's called the bitcoin halving. Scheduled 15 years ago, this process occurs approximately every four years, making bitcoin rarer over time. Preview below.
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Key takeaways • There has been a change of tone in the markets with equities pulling back in April and US 10-year yield moving up 45 basis points over the month, while gold and the dollar soared. • The weight of evidence of our fundamental and market dynamics indicators leads us to remain neutral to positive on equities. While markets could stay choppy for a little while, we believe that the pullback could be contained, and that further equity market weakness is buyable. • Going forward, we want to keep our allocation to Equities close to our strategic asset allocation (SAA) neutral weights. We upgraded our stance on European stocks (from neutral to positive) and downgraded our view on Japanese stocks from positive to neutral. We remain negative in fixed income and downgraded our view on Emerging markets bonds. We have also upgraded our stance on Commodities to positive from neutral. Last but not least, we reduced all currencies by one “notch” vs. USD: EUR, CHF, GBP & EM are reduced down to negative (from neutral) while JPY is down to neutral (from positive).
Hyperbitcoinisation is not just about the growing success of bitcoin. It is actually a scenario in which the digital token becomes the world's dominant currency. Overview.
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Annual US debt interest spending is surging sharply, while Japan faces increasing inflation expectations alongside a persistent decline in the yen's value. Each week, the Syz investment team takes you through the last seven days in seven charts.
This week, all eyes are on the Federal Reserve as it unveils its latest monetary policy decisions, faced with the complex challenge of addressing an uptick in inflation amidst signs of an economic slowdown. This comes in the wake of a significant shortfall in 1Q US GDP, further complicating the Fed's policy trajectory as it navigates between sustaining growth and controlling price levels.
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