Bits + Bips: Why Traders Are Sanguine Before Trump’s Big Tariff Day - Ep. 806
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We haven't seen this short interest in the last five years. We're at the ninety eighth percent ninety ninth percentile of short interest. Everyone hedged and then kept hedging. And then right when they're not supposed to hedge, they just hedged the more. And And what you saw in markets today, Monday morning, strong gap up openings, MSTR gap up and running. I have a basket I called Twitter momentum stocks. They're all up strongly. So the headline is animal spirits are back, and crypto and Bitcoin are part of animal spirits.
Hi, everyone. Welcome to Bits and Bibs, exploring how crypto and macro collide one basis point at a time. I'm your host, Noel Acheson, ICER and keeper of the Crypto is MacroNow newsletter. I'm here with Alex Kruger, Kruger Macro of House Asgard, Protector of the realm, and Ram Aluwalia, Meisterhoof Wealth, leader of Lumida. Hi, guys. How's
it going? Hi,
everyone.
Today, we are joined by Felix Jervin, the golden voice of the Forward Guidance podcast. Hi, Felix. Thanks so much for joining us today. Hi,
everybody. Super excited to be here. I'm a big fan of this show. And so it's it's it felt wildly overdue to be on the show and be with you guys. So, yeah, super excited to dig in. We're
so glad you're here. And I'm sure that many of our listeners are also fans of your show. And if not, they should definitely check it out. Now we're here to discuss the latest stories in the worlds of crypto and macro. Just remember that nothing we say here is investment advice. Dude, please check UnchainedCrypto.com bits and bits for more disclosures. Crypto moves fast. It's why Bitwise launched the weekly CIO memo, a jargon free summary of what's moving crypto markets written by one of the best in the business, CIO, Matt Hogan. Get up to speed in five minutes or less. Check it out at bitwisei
We'll see this Bloomberg article that went around Twitter. This is this is what really stoked markets today, Rises. The wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened. I love the use of the word barrage that that Bloomberg writer put in there. Interesting word choice. Like, probably not a big fan of tariffs, but this is it. This is what this is what lift end markets. Right? Tariffs, started the correction from elevated vulnerable conditions, and then tariffs also are ending the correction. Now
do you think this is the tariffs that the pivot in the mood that is ending the correction, or there might might there be something else at work here. Felix, what's your take?
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