Hot Reads: Bitcoin Spikes 11%
Plus, why the strong economy is a sign rates could go higher than most have expected.
Bitcoin Surges 11% Despite US Crackdown (CNBC)
Increased regulatory scrutiny from the government didn’t hold bitcoin back.
US Rates May Be Headed Higher Than Anyone Expects (Bloomberg)
In spite of the Fed’s most aggressive credit tightening campaign in four decades, the U.S. economy and financial markets started 2023 with a bang.
Strong Retail Sales' Rebound Gives Fed More Room on Rates (The Capital Spectator)
For the moment at least, it appears that the Federal Reserve’s aggressive campaign to tame inflation by slowing economic activity is faltering.
Inflation Will Be Harder to Tame Than Markets Think (The Economist)
Investors are betting on good times. The likelier prospect is turbulence.
Traders Yank $1B From EMB After Hot Start in 2023 (Bloomberg)
The emerging market bond ETF saw investors nervous about the Fed’s stance pull assets.
Hedge Fund Launches Dip to Lowest Level in a Decade (Institutional Investor)
The majority of new funds were long/short equity strategies—even after a year of underperformance, according to SigTech.
State Street & Invesco Eye Listing of Japan Active ETFs (Financial Times)
The Tokyo Stock Exchange is expected to give the first such vehicles a green light later this year.
