The speculative darlings of the easy-money era -- technology stocks and cryptocurrencies -- are acutely vulnerable now that the Federal Reserve is shrinking its nearly $9 trillion balance sheet.
At the same time, central bankers from Canada to Europe are about to test the resilience of global markets as they follow hawkish US policy makers on a liquidity-sapping mission to unwind the pandemic bond-buying spree.
That’s the broad outlook for Wall Street and beyond, according to the most-popular responses from 687 contributors to the latest MLIV Pulse survey, as the Fed this month starts reducing its asset holdings in a process known as quantitative tightening.
The historic shift is seen as a notable threat to tech equities and digital tokens -- both risk-sensitive assets that soared in the Covid-era market mania before cratering in this year’s cross-asset crash.
The era of ultra-cheap money looks over for now. The Fed’s balance-sheet drawdown is seen lasting more than a year, while...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...