Is crypto contagion hitting the U.S. markets?

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

- Why the U.S. markets are up today - HFTs continue to sell volatility, institutions are buying volatility today

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.

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