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Bitcoin and meme stocks lead a turnaround in risk assets

Bitcoin and meme stocks lead a turnaround in risk assets

Bitcoin has turned around and hit a session high, up 4% to $22,000.

It's often been a good leading indicator for sentiment in stock markets, particularly in tech stocks. Money is also flowing into meme stocks and stocks tied to AI as dip buying takes place.

It comes back to the question: What's more important? A strong economy or low interest rates?

Rates are powerful and low rates have fueled incredible returns in risk assets despite a mediocre economy but the market may st... Read More

Posted: Feb 14 2023, 14:56
Author Name: forexlive
Views: 102068

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