Current Bitcoin Price Action: A Macro View Today

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Darius Dale is the Founder and CEO of 42 Macro, an investment research firm that aims to disrupt the financial services industry by democratizing institutional-grade macro risk management processes.

Key Takeaways

Short-Term (less than one month): Our market signaling process is pointing to a continuation of the challenging environment for risk assets. While a downside surprise in the U.S. April CPI data provided some reprieve, we, at 42 Macro, don’t think a grossly anticipated negative rate of change inflection will do much in isolation to catalyze a durable bottom in either stocks or bonds given our analysis of second-round inflation momentum and the latest forward guidance out of the Federal Reserve and European Central Bank.

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