Japanese Finance Minister said she will communicate with financial markets if needed to maintain stability in the dollar-yen movement
Saylor expected announce another BTC purchase
Fed’s Waller speaks
Tue:
Fed’s Hammack & Logan speaks
2nd meeting btw crypto and banks to discuss stablecoin yield concerns
LayerZero announced
robinhood earnings
Wed:
SEC Chairman Paul Atkins will testify at a hearing of the U.S. House Committee on Financial Services at 10AM
Israeli PM Netanyahu to discuss US-Iran diplomacy with Trump at White House
U.S. NFP; What BE Says:
“For payrolls, we estimate the BLS benchmark revision will lower the level for March 2025 by about 650K jobs — somewhat less pessimistic than the consensus. January’s jobs print may surprise on the low side, as the BLS’s modifies its ‘birth and death’ model to account for recent hiring weakness.”
Thu:
Coinbase earnings
Fri:
U.S. CPI
TBA/Whole Week: DeepSeek-R2 just before the Lunar New Year?; Consensus Hong Kong event;
What Happened:
Is sombody blowup?: Tony Stewart, founder of Pelion Capital and an options expert, believes IBIT options added to the market chaos, but doesn’t go so far as to blame a single fund blowup for the whole crash and record activity. the record activity is just the messy noise of a broadly panicked market, not a smoking gun pointing to a single way. “This [hedge fund blowup theory] is inconclusive from the Options standpoint. It also doesn’t seem enough tbh in size,” he concluded.
Also wintermute founder: “Continue to be pretty skeptical about “somebody blew up” rumors or at least skeptical about mid/long term impact of it. Maybe somebody blew up but there are simply no spillover effects for us to care”
Billionaire Michael Novogratz said he remains optimistic even after Galaxy Digital posted a wider-than-expected loss of almost $500 million during the crypto market’s fourth-quarter crash.
Gemini exchange is slashing as much as 25% of its workforce and winding down operations in the UK, European Union and Australia
Crypto Venture Capitalist Kyle Samani Steps Down From Multicoin
The top Democrat on a House committee overseeing U.S.-China competition has launched an investigation into a $500 million investment by an Abu Dhabi royal in a Trump family cryptocurrency company and is urging a U.S. attorney to probe the deal as well.
Kairos, which is building a cross-platform tool for prediction markets traders, raises $2.5 million from a16z crypto
A renewed decline could trigger about $33 billion of selling this week, according to Goldman. If pressure continues and the S&P 500 falls below 6,707, it could unlock up to $80 billion of additional systematic selling over the next month, the bank’s data show. In a flat market, CTAs are projected to unload roughly $15.4 billion of US equities this week, and even if stocks rise, the funds are expected to shed about $8.7 billion. S&P top-of-book liquidity — the volume of buy and sell orders available at the best bid and lowest ask price — has deteriorated sharply, falling to about $4.1 million from a year-to-date average near $13.7 million. February has historically been a weaker and choppier month for both the S&P 500 and the Nasdaq 100 as supportive January flows — including retirement contributions and peak retail activity — fade. Retail behavior is also showing signs of fatigue. After a year of relentless dip-buying, the latest two-day net retail imbalance showed roughly $690 million of selling last week, demonstrating less willingness to “buy all dips.” Popular retail trades tied to crypto and crypto-linked equities have been hit particularly hard, raising the risk that any broader rotation out of US stocks would mark a notable shift from last year’s trading patterns.
What Bloomberg Economics Says: “Expectations of a stable, pro-stimulus administration point to a risk-on start to the week — stronger equities, higher bond yields and a weaker yen. Our baseline scenario is that there will be greater pressure on the Bank of Japan to avoid swift tightening. This speculation could weigh on the yen.”
Warsh Call for Fed-Treasury Accord Stirs Debate in $30 Trillion Bond Market; Warsh last April said the Fed had effectively violated the 1951 principles with its massive waves of bond purchases, after the financial crisis and the pandemic. In interviews and speeches, he’s argued that these actions encouraged reckless government borrowing. Bessent said on Sunday he expects the central bank to move cautiously in any effort to trim its balance sheet.
Barclays Says S&P 500 Plunged 16% On Average Upon New Fed Chair
Wall Street’s Rotation Into Value Has a Dot-Com Warning to It: The last two times the value index outperformed its growth counterpart by this much during a similar time span was during a bear market rout in 2022 and the early days of a dot-com bust in 2001.
Microsoft Gets Rare Downgrade as Stifel Warns on Azure Growth
China’s central bank buys gold for 15th consecutive month
The United States accused Beijing on Friday of conducting a secret nuclear test in 2020 as it called for a new, broader arms control treaty that would bring in China as well as Russia.
