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It’s both. The S&P 500, Nasdaq, Dow all are suffering and even the 10 year is down because of fears the Fed is breaking something with the bank shocks. People a
by extheat 4y ago
It’s both. The S&P 500, Nasdaq, Dow all are suffering and even the 10 year is down because of fears the Fed is breaking something with the bank shocks. People are fleeing stocks (including cryptocurrencies) to hold USD.
- brianshaler 4y ago> People are fleeing stocks (including cryptocurrencies) to hold USD. This is a really wild thought in a high inflation environment. Not that I disagree. Equities can lose dollar value on top of the dollar itself losing value. Some portion of it has to be going back to risk-off assets that were not worthwhile in a zero-rate environment.
- rm_-rf_slash 4y agoVolatility can be more damaging than inflation. Cash is king.
- senttoschool 4y ago>People are fleeing stocks (including cryptocurrencies) to hold USD. People have been doing that for a year now. It's not new. It didn't start happening because of SI and SVB.
- extheat 4y agoYes, it’s not new, but big fluctuations between day to day can be big news. Until recently actually the stock markets have been doing pretty good YTD.
- senttoschool 4y agoCrypto market is affected by the following in order of biggest impact to least: 1. Crypto events such as collapse of an exchange 2. Fed interest rates 3. Nasdaq (more than S&P500 and Dow).
- Ekaros 4y agoI'm actually interested how does one hold USD or any other currency? I mean actually hold. And not end up holding short or long term treasuries and like which seem to have been behind the bank failures.