Cycle Capital Macro Weekly Report (8.12): Roller Coaster Market

In the past week, the stock market and the encryption market have been closely linked. The two core themes in the media are the recession in the United States and the lifting of the yen arbitrage trading. However, I believe that these are two 'false propositions'. In fact, the real panic was very short-lived, and there was no situation of dumping everything, including bonds and gold, as usually seen during a crisis outbreak.