Macroeconomic Hotspots Interpretation

Apr 22,2023
At the moment, we focus on the potential TGA ramp-up. This will no doubt suck up the liquidity once debt ceiling is resolved. Judging from the current tax receipts, the resolution is required sooner than later. The impact on broad spectrum risk assets, crypto included, will be negative, since gov treasury is deemed as most secure investment with a decent yield. The "crowding-out" effect will ensue.
An in-depth look at inflation trends, monetary policy, commodities, derivatives flows and geo-factors. On the one hand, crypto assets are increasingly part of the global macro map, but crypto asset prices react more slowly to macro factors than traditional markets, with information gaps and scope for arbitrage. On the other hand, macro liquidity is like gravity to the price of risky assets, with medium to long-term price movements ultimately reflecting macro liquidity. This indicator provides a real-time interpretation of macroeconomic hotspots. It facilitates users to understand the cycle more clearly and understand the macro fundamentals. By #Junjie @Yvonne19_1
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