This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On this edition of the “Weekly Recap,” NLW looks at why markets went down on high European inflation data, and why market signals in general are pointing in multiple directions at once.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.