US Market Crash Continues
BTC tests 33k and if it breaks below 30k then margin calls could start to pile in… like I said before.. the new age investor loves ARKK BTC TSLA and the likes… their portfolios are also very leveraged via margin and selling put options… this time round the crash could wipe these apes out of existence
US futures down almost 2%… even commodities are down…. investors are selling Oil as they believe the recession will result in lower demand, less orders from the factories thus lesser energy used…. if stocks and commodities are both going down, then the money is likely flowing to safety… the emerging market government bonds are getting attractive.. such as China and India…
Some folks might buy into the 10 year US government bond paying 3.2% for peace of mind… yes it loses to inflation but their thinking would be they would lose less as compared to a market crash!
The fear of a market crash > the fear of inflation… cold hard truths
and yes… TSLA down 3% pre market hehehe