Macro Mondays Trump vs. China: What’s Next for Global Markets?
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Dec 3, 2024 Dive into the latest forces shaping global markets as the hosts tackle the crypto surge, spotlighting the shift from Bitcoin to altcoins like Ethereum and the rise of NFTs. They analyze the intersection of U.S. politics and cryptocurrency, pondering a potential Trump-led initiative. Geopolitical tensions and China's evolving economic strategies take center stage, especially regarding its gold trading and dollar-based bonds. Lastly, the discussion covers the unexpected relationship between bond yields and energy prices, illuminating the intricate web of global market dynamics.
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Shaved Surprise
- Andreas Steno Larsen shaved his beard, surprising his baby son.
- His son didn't recognize him and refused to sit with him for hours.
NFT Surge
- The Bored Ape Yacht Club NFT collection's floor price is surging.
- This suggests a renewed interest in esoteric risk-taking in the crypto space.
Crypto Flows
- Flows are shifting from Bitcoin to altcoins, including Ethereum, for the first time in ETF history.
- This signals increasing risk appetite in the crypto market.