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From fear of rate hikes to fear of war…

The time to be greedy is when the market is fearful…


Listen to those who disagree with you

Sometimes, we are too caught up in what we think and our beliefs that we start to be blinded by them. As a result, we end up becoming too slow when it comes to changing our views even when the facts are telling us otherwise.


Meeting Minutes: Reserve Bank of Australia (RBA) on Tuesday and US Federal Reserve on Thursday. RBA’s minutes should just be a rehash of the Central bank’s accommodative stance. The Fed’s minutes on the other hand may show a wide range of opinions about the Fed’s tightening trajectory this year.


1. Currencies:
Keep short USD against CNH. USDCNH remains stubbornly stuck in a narrow range. Yes, still. Stay short.


Market Movement As of New York Close 11 Feb 2022 (13 Feb for Cryptos)
  • US 10-yr Treasury Bond yield dropped 11 basis points to -1.92% just after crossing the 2% mark the day before. The 2-yr yield fell by 11 basis points to 1.50% as well. Bonds prices rose due to the increased risk of war.
  • S&P 500 fell -1.9% on Friday, due to the US warning on the situation in Ukraine and investors reduced positions because of the risk of invasion over the weekend. The Nasdaq (-3.07%) and Dow Jones Industrial Average (-1.43%) also suffered steep losses. But the Russell 2000 (-1.02%) was not as badly affected.
  • The crypto markets contracted over the weekend as well as risk aversion from the Russia-Ukraine situation started to take hold. Bitcoin is down -0.3% yesterday while Ether fell further by -1.6%.


China’s biggest chipmaker SMIC posts record revenue despite U.S. sanctions

Notable Snippet: China’s largest chipmaker Semiconductor Manufacturing International Corporation reported record revenue and a surge in profit last year amid a global chip shortage but strong demand.

Fed’s Daly advocates for a ‘measured’ approach as rate hike expectations rise

Notable Snippet: The Federal Reserve should be measured in its path to raise interest rates, San Francisco Fed President Mary Daly said on Sunday.

These 23-year-old Texans made $4 million last year mining bitcoin off flare gas from oil drilling

Notable Snippet: But Whitehead, an engineer hailing from a family with a long history in oil and gas production, and Lohstroh, a finance major with a bitcoin obsession, ignored the skeptics, and sunk all the cash they had earned from their high school side gigs in lawn care and landscaping into Giga Energy Solutions, a company that mints bitcoin from stranded natural gas.




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