
Dow Jones Tanks 400 Points amid Interest Rate Spike, Turns Negative for 2023
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto.
Analysts have warned that the rise in the bond yields could pose significant challenge to equity market and other risky investments like crypto.
The US Treasury Yield has reached levels not seen since 2007 thereby denting the demand for riskier assets such as Bitcoin and altcoins.
While the recent price surge brought joy to long-term investors and HODLers, short sellers are notably facing a different fate.
According to Ray Dalio, the debt crisis could crash US growth, and happen happen as quickly or as delayed as supply and demand dictate.
Although Saudi Arabia and other OPEC players have likely decided to extend their oil production cuts by the end of the year, analysts believe that this won’t last long.
Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity.
As the US national debt rises, some estimates suggest a possible $45 trillion level over the next couple of years.
Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development.
The Bank of England has halted its 14 consecutive interest rate hikes, keeping rates at 5.25% due to moderating inflation. Despite this, the economy remains precarious.
Amid sticky inflation, Fed Chair Jerome Powell said that they would approach the monetary policy very cautiously. Analysts expect only two rate cuts instead of four, in 2024.
While all the predictions from influential figures and institutions mentioned in our article provide intriguing insights, it’s always crucial to approach them with caution.
Heightened Bitcoin demand by institutional investors amid the incoming halving event in about six months has kept the bullish narrative alive.
Arm has concluded its debut on the Nasdaq after launching an IPO where shares closed nearly 25% higher on the day.
High energy prices can have a cascading effect on other sectors of the economy, contributing to the overall rise in consumer prices.
Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts.