Red Monday: Everything Falls as Investors Get Edgy

cryptos fall sep 21 2020

Stocks, gold, oil, bitcoin, ethereum and pretty much all other assets have turned red today as the market becomes a bit jittery. This broad sell-off is a rare sight, with it unclear where exactly all this money is escaping to, except the dollar has risen a bit. It’s not a large sell off. Dow is down only 3%, while FTSE is minus about 4% as Borisov does his best to make a mess out of the United Kingdom with what so far has been the worst negotiation in history. Yet it’s a clear sign that the market is worried. They worried about whether the airlines can be bailed out. Train companies. The shipping industry. For now everyone has been paid whether they working or not, but that’s paid with borrowed money. It’s not spending powers as Powell said. In addition it’s not clear for just how much longer this borrowed…

Read the original article here