BREAKDOWN: Investors Are Betting on Inflation Declining. Are They Right?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 September 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
Stocks and crypto are on the rise in advance of upcoming August inflation numbers.
This episode is sponsored by Nexo.io, Chainalysis and FTX US.
Bitcoin was up 15% over the weekend. Stocks have seen four days of green. The reason? Investors are anticipating that August’s inflation numbers (to be released on Tuesday) will show another monthly reduction in the inflation rate, suggesting that we’re past peak inflation. Will they be proven right?
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Francesco Carta fotografo/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.2 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:14.8 | The breakdown is sponsored by nexo.io, chain aliasis, and FtX, and produced and distributed by CoinDesk. |
| 0:22.8 | What's going on, guys? It is Monday, September 12th, and today we're talking about why traders |
| 0:27.7 | are betting on inflation declining. Are they right? Before we get into that, however, if you are |
| 0:33.7 | enjoying the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the breakers discord. |
| 0:41.9 | You can find a link in the show notes or go to bit.ly slash breakdown pod. |
| 0:46.0 | Also, a disclosure as always. In addition to them being a sponsor of the show, I also work with |
| 0:50.5 | FTX. All right, we are setting up for an interesting week. And so today what we're |
| 0:57.3 | going to do is look at a few of the stories that set the tone for what we're likely to see throughout. |
| 1:03.4 | Specifically, we are going to be honing in on the macro. But before we get into that, you might |
| 1:08.2 | have noticed that crypto has been having a bit of a run of it. |
| 1:11.6 | Bitcoin was up about 15% over the weekend in a rally that started on Friday. |
| 1:16.6 | Other cryptos followed as well, although they've been cooling slightly in the last couple of hours. |
| 1:20.9 | The same was true with stocks. |
| 1:23.1 | Last week, each of the three major U.S. stock indices closed up more than 2%. |
| 1:27.2 | Monday continued that trend. This morning, some of the three major U.S. stock indices closed up more than 2%. Monday continued |
| 1:28.6 | that trend. This morning, some of the indices were up as much as around 1%. And all of the S&P |
| 1:34.3 | 511 sectors were rising. If the trend continues, this will be the S&P's fourth consecutive day of |
| 1:39.8 | gains. So what is going on? Well, in Bitcoin, there were a lot of explanations proffered. Noticably, there was |
| 1:47.8 | a pomp capitulation argument saying that Anthony Pompliano had removed his laser eyes and taken the |
| 1:52.5 | word Bitcoin out of his Twitter profile, allowing the next cycle to begin. Alex Kruger listed that |
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