The Byzantine Times
Market High
It has been a quiet week in markets with the S&P500 making new highs. We take a look at that as well as Bitcoin, Gold and the US Dollar.
Mine Digital
August 24, 2020
It has been a quiet week in markets with the S&P500 making new highs. We take a look at that as well as Bitcoin, Gold and the US Dollar.
This week we saw clear indications of inflation – bad timing during this socio-cultural breakdown. Bitcoin still trails the market.
With fiscal stimulus held up, the threat of inflation is low the last week. Digital assets have performed very strongly.
Our end of month July report keeps you up to date with key events across July for digital assets and traditional finance.
With the U.S. dollar sliding during the week we saw gold and digital assets bid. The re-orientation of expectations for the year include inflation.
Decreased volatility this week suggests markets will meander aimlessly – the fed put holding markets steady but periodically stopping short positions out.
Inflation may be increasing in markets with some strange trading for the week in USD, US Equities and the Chinese Yuan. We also saw strong inflows to tech.
The first half of 2020 has been extremely eventful. We take a look at the first half of 2020 and prognosticate for the second.
This week we take a look at the effects of reflexivity in creating social, cultural, political and financial outcomes and where Bitcoin fits into this environment.
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