Wake Me Up When September Ends

SEP 09, 2022 • 10 Min Read

Andrew Krohn + 2 others

DISCLOSURE: THE AUTHORS OF THIS REPORT HOLD POSITIONS IN BTC AND ETH. THE AUTHOR HAS NOT PURCHASED OR SOLD ANY TOKEN FOR WHICH THE AUTHOR HAS MATERIAL NON-PUBLIC INFORMATION DURING THE RESEARCH AND DRAFTING OF 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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📊 Food For Thought Pt 2

In last week’s edition of Market Insights, “Markets Gear Up For Dreaded September”, we spent some time reflecting on the Jackson Hole comments, and more importantly, the market’s reaction to these comments. Suffice to say, the market was caught off guard by the seemingly hawkish rhetoric coming from Powell. This was evidenced by the sharp market pullback sending BTC back below its 2017 ATHs, and the repricing in the odds of a 75bps rate hike at the September FOMC meeting at nearly 86%.

Last week, we mentioned the historically poor performance that BTC usually experiences in September. On average, BTC typically declines just over 6% during the month of September, with several instances of steeper declines. Given the re

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Andrew Krohn + 2 others