The Practical Islamic Finance Podcast · Rakaan Kayali

I'm Not Leaving!

·29 min
A crypto and macro analyst provides detailed market analysis for Friday August 29th market close, discussing broad market declines across indices but low volatility readings suggesting limited panic. The episode covers seasonal August-September weakness patterns being disrupted by September rate cut expectations (87.5% probability). PCE inflation came in as expected, maintaining stable expectations. The analyst presents detailed Bitcoin technical analysis using Pi Cycle Top Indicator (suggesting bottom near 110K, top near 187K), altcoin season metrics (at 57/100, below 75 trigger), Fear and Greed Index (neutral), and Bitcoin miner profitability (fairly valued). Discussion includes tariff Supreme Court review and upcoming jobs data as potential catalysts. The analysis concludes there's insufficient reason to panic despite down day; markets may be positioned for upside once catalysts emerge.

As heard by us

A down day framed as context, not panic.

The piece treats the down day across the major indices as context, not alarm. It leans on the VIX, notes that April felt more nervous, and reminds listeners that August and September are usually a weak patch that can become self-fulfilling.

Read the full review in PlayNext →

Why you'd press play

You want to know whether today's drop is real trouble or just noise.

Read the full recommendation in PlayNext →
Listen to the show on