by Ivan Martchev January 11, 2022 Central banks have a countercyclical role. That’s their job description. Pushing interest rates up or down affects the economy, which is how they have managed to [...]

by Ivan Martchev January 4, 2022 Since I wrote last week that bitcoin was acting better than the Ark Innovation Fund, despite their strong correlation, the cryptocurrency decided to prove me wrong [...]

by Ivan Martchev December 28, 2021 Bitcoin does not trade as an anti-inflation asset (with inflation running at 40-year highs), but as a high-beta “stock” that has no earnings. It is my [...]

by Ivan Martchev December 21, 2021 The U.S. stock market is oversold and there are less than two weeks of trading until the end of 2021. If there will be a Santa [...]

by Ivan Martchev December 14, 2021 Tomorrow will surely bring more fireworks, as the FOMC statement and press conference will contain details about the Fed’s accelerated taper. Having retired the word “transitory” [...]

by Ivan Martchev December 7, 2021 While it is normal for yield curves to flatten during a Federal Reserve monetary tightening, the present flattening is rather sharp, if not extreme, as the [...]

by Ivan Martchev November 30, 2021 While there is no evidence that Omicron is a more deadly or dangerous variant of the novel coronavirus than any predecessors, it has already caused ripples [...]

by Ivan Martchev November 23, 2021 I have had multiple investors ask me lately if putting money in bitcoin is a good idea. I think the sudden rush into bitcoin means we [...]

by Ivan Martchev November 16, 2021 The deficit spending that supported the economy in 2020 is showing up in hot inflation numbers in 2021. Combined with bottlenecks – because it is harder [...]

by Ivan Martchev November 9, 2021 At the end of last week, we had a situation where bonds, stocks and the dollar all went up, which, based on recent economic developments, is [...]

by Ivan Martchev November 2, 2021 There is an FOMC press conference tomorrow, and it is widely perceived that Jerome Powell will reveal the details on the Fed’s upcoming taper, expanding on [...]

by Ivan Martchev October 26, 2021 I am surprised that the tech sector – and the stock market in general – is ignoring the rise in 10-year Treasury yields. Those yields have [...]