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The Compound and Friends

A bad omen, why Bitcoin moves with Nick and Jessica, Starbucks new CEO

Aug 20, 2024
01:33:50
Snipd AI
In this insightful discussion, Nick Colas and Jessica Rabe, co-founders of Datatrek, provide keen analysis on market volatility as August's turbulence looms. They explore the dynamics of Bitcoin versus gold, unraveling how interest rates shape cryptocurrency trends. The conversation also touches on the significant compensation of Starbucks' new CEO, Brian Nickel, and the operational hurdles he faces ahead. With a blend of market insights and investment strategies, this dialogue is a must-listen for financial enthusiasts!
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Podcast summary created with Snipd AI

Quick takeaways

  • August saw significant volatility in the VIX, yet experts believe the worst is over and markets may stabilize into year-end.
  • The correlation between Bitcoin's price and market investment demand highlights its sensitivity compared to traditional assets like gold.

Deep dives

Market Volatility and Trends

August saw significant volatility, with the VIX reaching a peak of 38.6, before dropping to 14.8 by the end of the month. This pattern of volatility typically occurs in August, which is statistically more prone to VIX spikes than other months. Despite this volatility, experts believe that the worst has passed and that markets will stabilize, particularly as history shows a trend of stocks generally rising towards the end of the year. The S&P 500 often peaks in Q4, with data indicating that such peaks have occurred 70% of the time since 1980 in December.

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