Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on.
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This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
On this edition of The Breakdown weekly recap, NLW looks at the fourth painful week for traditional markets in a row.
He discusses the factors contributing to the trouble, including:
- A normal correction from too-high valuations
- The return of COVID-19 lockdowns
- The end of easy recovery gains
- Diminishing likelihood of a stimulus bill
- Election volatility
This week on The Breakdown:
Monday | The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering
Tuesday | Marty Bent on Why Bitcoin and Big Energy Are Unlikely Allies
Wednesday | Why Market Movements Are More Aggressive Than Ever, Feat. Corey Hoffstein
Thursday | Did Corporate Insiders Perfectly Predict the Market Top?
Friday | Sven Henrich on the Ever-Weakening Economic Cycle
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.