Is crypto contagion hitting the U.S. markets?

Post date: 2022-11-23 16:40:55 GMT

This morning once again opened with a strong HFT and institutional investor sell-off across the U.S. markets. However, the markets have inched up higher, driven by a mix of institutional and retail flows. The current crypto situation begs attention: if the contagion is indeed hitting the crypto markets, the liquidated cash is probably plowed back into the U.S. markets, sustaining the price despite negative sophisticated flows from the institutions and HFTs.

However, institutional investors are observed to be bullish on volatility this morning, unlike HFTs who continued to sell volatility. This may reflect a routine hedge or a concern about the state of the markets.

The key news dominating the markets today are the continued fallout in the U.K. On the corporate filings dimension, today our AI buy pick is Unum Group (NYSE:UNM), an insurance company.

The current market situation is complex and ever-changing. By subscribing to AbleMarkets Monthly, you can receive alerts every morning about the key news and events that are dominating the markets. This service is essential for anyone who wants to stay ahead of the curve and make informed investment decisions.


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