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The Mixed Signals Economy: The Breakdown Weekly Recap

Jobless claims are down, coronavirus cases are up and the markets simply don’t know what to do.

Updated Sep 14, 2021, 9:29 a.m. Published Jul 11, 2020, 2:00 p.m.
(Charles Deluvio/Unsplash)
(Charles Deluvio/Unsplash)

Jobless claims are down, coronavirus cases are up and the markets simply don’t know what to do.

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不要错过另一个故事.今天订阅 Crypto Daybook Americas 新闻通讯. 查看所有新闻通讯

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This episode is sponsored by Bitstamp and Crypto.com.

On The Breakdown’s Weekly Recap, NLW explores:

  • The final tally on the TikTok Doge viral campaign
  • The growing geopolitical tension between China and the U.S. and where it’s manifesting
  • Positive economic indicators in reduced jobless claims
  • Negative economic indicators in growing COVID-19 cases and deaths
  • Why bitcoin is moving sideways
  • Why Treasury yields are down
  • Why gold is up

This week on The Breakdown:

Monday | China Stocks Surge and NYC Real Estate Craters: 5 Stories Shaping Markets Today

Tuesday | Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacalle

Wednesday | TikTok Let the Doge Out: Why TikTok Doge Is Everything About 2020 Finance in One Story

Thursday | Inequality, Social Chaos, Bankruptcy Rallies: The Best Insights From FinTwit June 2020

Friday | You Can’t Fight Outrage Culture With More Outrage, Feat. Michael Krieger

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

What to know:

  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.