Hot Reads: First US Bitcoin ETF Down 70%
Meanwhile, energy stocks are seeing another rally.
Compiled by ETF.com Staff
First Bitcoin ETF Loses Record Amount in Initial Year (Financial Times)
BITO’s 70 percent decline suggests it has burnt through $1.2 billion of investors’ cash.
Energy Stocks Are Rallying … Again (The Capital Spectator)
The energy sector’s ongoing leadership is largely explained by a perfect storm of bullish conditions.
El-Erian: Recession Not 'Done Deal' in Fed Fight (Advisor Perspectives)
The economist attributes this to a relatively resilient labor and credit market, and that Wall Street has priced in a high degree of interest rate risk.
The Difference Between Risk & Uncertainty in Finance (Institutional Investor)
The effect the Fed's actions to fight inflation may take in the coming year is a recent stark example of uncertainty.
Everyone's Predicting Recession But No One's Acting Like It (A Wealth of Common Sense)
Why do consumers keep spending so much money?
BlackRock Getting Used to Being in ESG Crossfire (Financial Advisor)
Meanwhile, the asset manager is being hurt by the biggest stock market losses since the financial crisis of 2008 amid rising interest rates and Russia's war on Ukraine.
Could it Happen Here? (Jackson Hole Economics)
The exact experience of the U.K. crisis will probably not be repeated elsewhere, but financial stress and crises are the norm when monetary policy is tightened.
