August Bitcoin/Crypto Industry Update and Outlook

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What’s in Today’s Report:

  • August Bitcoin/Crypto Industry Update and Outlook
  • Weekly Market Preview:  More Clarity Coming on Geo-politics, Trade and Inflation?  (If so, it’d be Positive for Stocks)
  • Weekly Economic Cheat Sheet:  Inflation and Growth Updates via CPI and Retail Sales

Futures are slightly higher following a mostly quiet weekend of news.

News flow was minimal over the weekend but investors are looking forward to another important week for geo-politics (Russia/Ukraine ceasefire?), trade (China tariff extension?) and stagflation (CPI and Retail Sales).

Economically, the only notable number overnight was Italian CPI, which met expectations (0.4% m/m, 1.7% y/y).

Today there are no economic reports so focus will be on geopolitics and trade.  Any headlines that hint at a ceasefire in Ukraine and/or confirm an extension of current Chinese tariff rates will be a mild tailwind on stocks.

 

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