Larry David’s Take: Crypto Flat While Stocks Cheer Fed Cuts 🤷‍♂️

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So, U.S. equities are up because the jobs report was bad? I mean, what are we, a country that thrives on bad news? And crypto? Still just sitting there like it’s waiting for something to happen. Investors are holding their breath for Thursday’s inflation numbers, but let’s be real, who knows what’s going to happen?

Bitcoin and Ether: The Same Old Story 🔄

U.S. equity futures went up this week because the Nonfarm Payrolls (NFP) report showed only 22,000 new jobs, which is way below the 75,000 everyone was expecting. So, the market is like, “Great, fewer jobs, let’s buy more stocks!” And the Fed is probably thinking about cutting rates again. Traders are betting on 72 basis points of easing before the end of the year. Like, who wouldn’t want lower interest rates, right?

But you know what’s not joining the party? That’s right, crypto. According to QCP’s Sept. 8 market insights, treasuries and stocks are doing great, with 2-year yields hitting new lows and gold reaching fresh highs. Meanwhile, Bitcoin is still above $110,000, and ether is trading over $4,250, even after five straight days of ETF outflows. It’s like they’re just sitting there, waiting for the other shoe to drop.

This stability has divided opinions. Some analysts think it’s a sign of resilience, while others say it’s just hesitation before the big inflation data drop. Derivatives markets seem to be leaning bearish, with risk reversals showing a lot of demand for downside protection in September. Because, you know, why not be prepared for the worst?

Volatility is expected to stay high until Thursday’s Consumer Price Index (CPI) report. If the number comes in higher than 0.3%, it could really mess things up for the Fed. And then there’s the whole tariff thing, which adds another layer of uncertainty. But hey, who cares about tariffs when we can talk about how confusing the economy is?

For now, crypto is just kind of… there. Waiting for some macro data to tell us what to do next. It’s like waiting for a bus that never shows up. But at least we have something to talk about, right?

Key events this week: Wednesday – U.S. PPI; Thursday – CPI, Unemployment Claims

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2025-09-08 20:57