Macro The Cuban Missile Crisis lasted just thirteen days. Thirteen days when the world genuinely teetered on the edge of nuclear war. Markets froze, leaders scrambled, and people braced for catastrophe. And then, almost as quickly as it began, the...

Macro Coming off the heels of a treacherous April, May turned out to be a face-ripping rally largely driven by retail investors, not the “smart money” crowd. Markets don’t need good news to rally, just fewer reasons to panic. In May, they got both. This...

Macro While April was a historic month, we’re not going to rehash Liberation Day—that bloodbath got its own set of headlines last month. But let’s be honest: not much has changed. Markets are still held hostage to tariff tweets. Liquidity is still razor...

Macro This meme perfectly captures the first quarter of 2025, as it has been nothing short of exhausting. The S&P 500 and Bitcoin ripped to new all-time highs, only to be smashed down into correction territory as all risk assets moved toward a...

Crypto & Macro November 2022 was a month I, and anyone involved in crypto, will never forget. On the heels of the Terra Luna implosion, Three Arrows Capital failure, BlockFi, Celsius and Voyager blow-ups, November’s left-tail event made the...

Crypto In last month’s Market Update™, I asserted that the “easy money” was over. January proved rather difficult for traders and crypto investors, or at best, “choppy.” Even though Bitcoin finished up over 9% for the month, volatility in the crypto...

Crypto The easy money has been made. 2024 was a historic year for myriad reasons, but as it relates to crypto, let’s review the performance of some cherry-picked data and why 2025 might not be as easy for my fellow crypto brethren and sistren. Discarding...

Crypto After a record-breaking performance for Asymmetric in November, it is incredibly difficult to narrow down the list of topics to cover in this month’s Asymmetric Market Update™️. Sure, everyone knows what happened with the election, the new...

Crypto Have you had enough coverage about the election yet? Yeah, me, either. It is the most important topic globally, and for good reason. The next President of the United States will shape the future of global policy and financial markets. Although most...

Crypto In last month’s Asymmetric Market Update™️, we shared our perspective on how crypto was experiencing an episode of capitulation across the board, from market mechanics to sentiment and beyond. So far, it appears that the capitulative bottom was,...