The stock market is "drunk on risk" according to Bloomberg News. With near zero interest rates and the continuation of quantitative easing measures, artificial stimulus is propping up speculative-risking taking activities such as leveraged trading.
Despite the fallout of Bill Hwang's family office Archegos Capital Management, there seems to be minimal impact on the broader equity markets, as well as the crypto markets with Bitcoin rebounding from its lows around $50k last week to $58k at the time of recording.
Tune in for high-level details about what we know so far.
LINKS
Coindesk Market Wrap: Bitcoin, Ether Gain After Visa Deal as Stocks Struggle With Archegos Margin Call
Reuters: Archegos margin call share dump ripples across markets
The Street: Archegos Capital Fire Sale Triggers Billions in Investment Bank Losses
Forbes: The Firm Behind The $30 Billion Firesale Shaking Financial Markets Disclosed Almost Nothing
Bloomberg News: Archegos Drama Hardly Ruffles a Market That's 'Drunk on Risk'
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The Crypto Unstacked Podcast is meant for informational purposes only and should not be considered as financial or investment advice. Nothing expressed in this podcast should be construed as a solicitation, recommendation, endorsement or offer by Amber Group to buy or sell any financial products. Information expressed by the host or guest in this podcast does not necessarily reflect the views of Amber Group.
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