Markets outplayed Wall Street Bets
February 03, 2021 @ 15:59 +03:00
Global equity markets are now getting a substantial boost while Wall Street Bets crowd assets have been losing value. Last week, we saw exactly the opposite picture. The US indices returned to the highs of a week ago, while the GameStop share price fell to two-week lows.
Wall Street’s optimism may be fragile as the simultaneous strengthening of demand for risky assets, and the dollar’s rise continues. Such a combination rarely lasts for a long time. In the past year, we have repeatedly observed that the dollar’s turn to growth is soon followed by increased pressure on worldwide equity markets.
The FxPro Analyst Team