Geopolitical risks accelerate

plus, the jobs data, and the Crypto Czar

“The valor that struggles is better than the weakness that endures.” – Georg Wilhelm Friedrich Hegel ||

Hello everyone! I hope you all had a good weekend!

Today’s email is heavy on the charts, so I won’t be doing an audio version.

Below, I summarize the widening geopolitical fractures and why “safe havens” such as gold and BTC are not reacting.

I also point out that Friday’s jobs market data had some weak points, but not enough to justify another rate cut. And I look at why the market disagrees.

Finally, I explain why the appointment of David Sacks as AI & Crypto Czar is good news, better even than I had expected.

IN THIS NEWSLETTER:

• Geopolitical risks accelerate

• Jobs: timeframe and target

• The Crypto Czar

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as audio, relevant links and music recommendations ‘cos why not.

WHAT I’M WATCHING:

Geopolitical risks accelerate

Over the weekend, geopolitical uncertainty not only ratcheted up, it skipped several steps.