Monthly Chartbook - Inflation Cooperates, But Is It Enough?

NOV 15, 2022 • 20 Min Read

Andrew Krohn + 5 others

DISCLOSURES: THE AUTHORS OF THIS REPORT MAY HOLD MATERIAL OPEN POSITIONS IN TOKENS REFERENCED IN THIS REPORT INCLUDING BTC, ETH, OP, GMX, DPX, rDPX, TCR, PREMIA, MAGIC, MCB, SPA, CAP, JONES, VSTA, DOGE, SHIB, BONE, MANA, SAND, JEWEL, RAIDERS, ILV, RBW, SPS, AXS, CRA. THE AUTHOR & EDITOR HAVE NOT PURCHASED OR SOLD ANY TOKEN FOR WHICH THEY HAVE MATERIAL NON-PUBLIC INFORMATION DURING THE RESEARCH AND DRAFTING OF THIS REPORT. DELPHI VENTURES MAY HOLD TOKENS MENTIONED IN THIS REPORT. THESE STATEMENTS ARE INTENDED TO DISCLOSE ANY CONFLICT OF INTEREST AND SHOULD NOT BE MISCONSTRUED AS A RECOMMENDATION TO PURCHASE OR SELL ANY TOKEN, OR TO USE ANY PROTOCOL. THE CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND YOU SHOULD NOT MAKE INVESTMENT DECISIONS BASED SOLELY ON IT. THIS IS NOT INVESTMENT ADVICE.

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The Monthly Chartbook is a collection of interesting charts and trends we’re watching across crypto and markets.

Macro Outlook

Keeping with the theme of previous iterations of The Chartbook, we ask ourselves the same high-level question. Has anything changed on the macro front given the macro-driven bear market? This month, the answer is…maybe a bit.

At the FOMC meeting on Nov. 1st-2nd, the Fed remained hawkish. Powell reaffirmed his stance once again, stating the committee’s desire to curb inflation at seemingly all cost. At the press conference, Powell received many tough questions around the future trajectory of interest rate hikes. Powell was non-committal, while acknowledging that the pace of hikes will have to come down at some point, although when is still to be determined. Markets have since repriced the December FOMC meeting, placing an ~80% probability of a

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