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Market Commentary
Macro & Global Markets
Price Action — Weekly Ranges
Derivatives & Microstructure
U.S Spot ETFs — Institutional Flows
Conclusion & Positioning
May 29, 2026
Market Commentary — Week 22, 2026
Trump announces Hormuz blockade lifting; 60-day MOU. BTC ETFs -1,290MM in 3 sessions. S&P/Nasdaq ATH. PCE 3.8%.
May 22, 2026
Market Commentary — Week 21, 2026
Moody’s downgrades U.S. from Aaa to Aa1 (first time in >100 years). BTC ETFs -1,151MM (year’s largest; IBIT -939MM). Warsh first week as Chair. Iran stalled. SOL only positive.
May 15, 2026
Market Commentary — Week 20, 2026
Warsh confirmed as Fed Chair 54-45. April CPI 3.8% (highest since May 2023). BTC ETFs -705MM (year’s largest outflow). SOL only positive +58MM. CLARITY Act advances.
May 8, 2026
Market Commentary — Week 19, 2026
Project Freedom paused on negotiation progress. Rubio: Operation Epic Fury concluded. 14-point MOU in negotiation. Dow crosses 50,000. CLARITY Act advances. BTC ETFs +777MM.