Monthly Report

September 2025

28 Aug 2025

by Doug Peta, Chief Strategist Chester Ntonifor, Chief Strategist

In Section I, Doug notes that a negative stance toward stocks will require a meaningful and imminent deterioration in the US macro data given the ongoing impact of AI optimism on the global equity market. In Section II, Chester reviews the outlook for stablecoins, cryptocurrencies, and central bank digital currencies.

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Contents

Executive Summary
Slowing Hard Data Begin To Confirm Gloomy Soft Data
The Fed In The Spotlight
Washington And The Global Economy
Investment Conclusions
II. The Outlook For Stablecoins, Cryptocurrencies, And Central Bank Digital Currencies
What Are Stablecoins?
Stablecoins As A Store Of Value
Stablecoins As A Medium Of Exchange
Stablecoins As A Store Of Value
Stable Coins As A Unit Of Account
Pay Attention To US Dollar Liquidity
An Update On Crypto Currencies
Why Crypto Will Not Replace Fiat
The Solution: CDBCs or Gold?
Investment Conclusions
Indicators Reference Charts
EQUITIES:
FIXED INCOME:
CURRENCIES:
COMMODITIES:
ECONOMY: