Crypto and Stocks Look Increasingly Correlated. That’s Raised Risk Fears. - Digitren Indonesia
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Bitcoin is back in the trend this week with stocks and other risky assets. For example, on Wednesday, Bitcoin traded at $ 43,500, up 4.6% in 24 hours. Ether, the second-largest token, was with the vast crypto market. Following Tuesday’s findings, the S&P 500 index rose 0.28%.

The International Monetary Fund (IMF) warns in a blog post that the sentiments of equity and crypto are increasingly linked to the risk of “corruption in the financial markets.” Bitcoin’s relationship with the S&P 500 was only 0.01 between 2017 and 2019, the IMF said, indicating that equity and crypto prices were moving independently. (Assets in general lock 1 have value, no price correlation, 0) That changed in 2020-21, showing the central banks’ proximity to the liquidators by flooding the markets and jumping to 0.36. together.

In 2020 and 2021, Bitcoin traded up 0.34 times the MSCI Emerging Markets Index, 17 times higher than in previous years. Crypto is now more closely linked to stocks than gold, investment grade bonds and major currencies, which means that its diversity has largely disappeared.

The message from the IMF is that Bitcoin and the rest of the world will not be able to prevent injustice. Crypto variability is shifting to equity markets, and vice versa, saying, “Emotions in one market are easily transferred to another.” The IMF sees this as a threat to financial stability, especially in crypto markets.

next week
Monday 1/17

American stock And fixed income markets closed in celebration of Martin Luther King Jr.’s day.

Tuesday 1/18

New York Melon Bank,

Charles Schwab,

Goldman Sachs team,

JB Hunt Transportation Services,

PNC Financial Services Group,
And the quarterly results of the Truist Financial Report.

Bank of Japan
The monetary policy announced the decision. The central bank is widely expected to hold key short-term interest rates at 0.1%. The BOJ and the European Central Bank (ECB) have said they have no plans to increase interest rates this year, although the Federal Reserve is expected to increase the federal fund by one percent by 2022.

National Association Home builders will be releasing an index for the January housing market. Consensus estimate is for 83 readings, slightly less than December. The index is lower than the 90-year high of November 2020, but the build-up of bullying in the housing market is historically high.

Federal Reserve The Bank of New York released its Empire State Manufacturing Survey in January. It is expected to read for 19.5 readings, 12 points below the December data. The index is higher than last summer, but production activity remains strong in the region.

Wednesday 1/19

Census Bureau Reports new housing construction data for December. Economists forecast 1.65 million housing units and 1.71 million construction permits per season.

ASML container,

Bank of America,

Citizens’ Financial Group,

America,

Get financial services,

Fast,

Morgan Stanley,

Proctor and Gambling,
Prologis, State Street,

United Airlines Holdings,

United Health Team,
And US Bancorp
Revenues Received.

Thursday 1/20

American Airlines Group,

Baker Hughes,

CSX,

Fifth and third Bancop,

Recognizable surgery,

KeyCorp,

Netflix,

Northern Faith,

PPG Industries,

Regions Finance,
SVB Financial Group, Travelers and Union Pacific
Announced quarterly results.

National Association Realtors’ existing home sales reported for December. Economists estimate that 6.39 million existing homes will be sold at an adjusted annual price, slightly lower than in November. The middle house sold for $ 353,900 in November, up 13.9 percent year-on-year.

Friday 1/21

Huntington Bancshares
And Schlumberger
Makes conference calls to discuss income.

Conference Board Issues economic index for December leader. The consensus estimate is for a monthly increase of 0.8%, following an increase of 1.1% in November. The Conference Board is currently projected to grow 6% GDP for the fourth quarter of 2021 and 3.5% for 2022.

Write Daren Fonda at dare.fonda@barrons.com

Sumber artikel : https://www.marketwatch.com/articles/crypto-and-stocks-look-increasingly-correlated-thats-raised-risk-fears-51642207952?mod=cryptocurrencies

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