Today's Opening Belle πŸ”” is in partnership with Equos - the institutional standard crypto exchange open to all.

They're running a welcome campaign, and have recently introduced Ethereum perpetual contracts - amazing progress!

What's the BIG story today?


There isn't any.

But there will be.

It won't last.

But it might.

Honestly, it's no wonder people give up trying to understand financial markets when you look at the media coverage (or twitter)...

Case in point πŸ‘‡

We've opened up our full inflation view that was sent out yesterday:

Market Amnesia Still Not Cured
Back in January, I wrote the post below, outlining my views towards the β€˜amnesia’ the market was experiencing, with irrational views about what the Fed would do next, and yes, that word β€˜inflation’ was all important.

Interest rates and inflation are two of the most boring topics you can find, yet they're among the most important to markets, and the sectors most sensitive to rate changes... πŸ‘‡

And if you see anyone getting on their high horse about about hyperinflation, send them this:

Hot πŸ”₯ or Not β›”?

HOT! πŸ”₯

U.S. Equities - S&P and Nasdaq looking especially hot on the open...

New ATH's πŸš€in sight...

NOT! β›”

The 10Y treasury auction at 1PM EST, 6PM GMT...

Over to CNBC...

Whenever there's this much coverage/hype of something in advance it's usually a non-event.

Traders will want to see decent demand for bonds at these yields.

If buyers fail to show up, equities would most likely decline...

Cryptofy Your Business

Whether you want to spend or recieve crypto, Utrust have you covered...

OPEC+ Jitters

A headline quote from Russia’s Deputy PM Novak:

Russia is to increase oil output by 890k bpd from May...

Woah... what about the OPEC+ agreements?

Oil instantly sold off, then recovered even faster...

Turns out it was just a dodgy translation and he actually said that May's production levels will be 89ok bpd higher than they were in April last year...

No harm done, although it does highlight how sensitive the market is to OPEC disagreements, and this will be a key theme in the coming months.

Give premium a go - there's a 30 day free trial...

If you're not already subscribed to premium, give it a go.

You get access to the Discord where smart people chat all day about markets, as well as our more detailed thoughts direct to your inbox...

AND it's free for 30 days.

Or, go for the annual and you get two months for free πŸ‘‡

Join Macrodesiac - Level Up Your Market IQ
Free Daily News & Market Commentary.No Jargon - Just Macro In Plain English -Go Premium - 30 Day Free Trial