Whale's Tracking - Data Fiction, Market Reality
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BloFin Research44 FollowersFollow5ShareSavePlay(12min)CommentsSummaryAfter a prolonged shutdown, the BLS released delayed labour and inflation data based on questionable assumptions that flattered a rate-cut narrative.Markets largely shrugged: SOFR was still priced for only limited easing, and long yields barely budged, showing that credibility now carries as much weight as the prints.The incentives may be as fiscal as political, given how progressive income-tax receipts track equity markets.Meanwhile, the ECB’s pathless pause and the BoE’s hawkish cut temper expectations of a smooth easing cycle.For crypto, diminished faith in data and reaction functions lifts risk premia and keeps implied forward yields muted until data credibility is restored. da-kuk/E+ via Getty Images Bad Data, Convenient Narrative After a month and a half of paralysis, the US Bureau of Labor Statistics (BLS) has finally begun to resume operations. This week, it released the November nonfarm payrolls, the November unemployment rate, and the November CPI data—figuresThis article was written byBloFin Research44 FollowersFollowBloFin Research focuses on crypto research and analysis, dedicated to providing institutional-grade insights into the digital asset market. Our work covers major crypto assets, market trends from a macroeconomic perspective, and industry-wide studies on key developments shaping the digital asset ecosystem.