/institutional/perspectives/media/crypto-could-be-canary-in-coal-mine-for-risk-asset

Crypto Could Be a Canary in the Coal Mine for Risk Assets

Scott Minerd, Chairman of Guggenheim Investments and Global CIO, visits Bloomberg TV to discuss cryptocurrency, stocks, bonds, and the path of Fed policy.

July 21, 2021

 

 

Key Takeaways:

  • The current support level for Bitcoin is being tested hard.
  • Expect a pullback in stocks in September or October.
  • Crypto feels pressure when stock market momentum fades, suggesting problems ahead for risk assets.
  • Where to find attractive opportunities in credit.
  • Fed may discuss tapering strategy in September, but don’t expect to start until 2022.

 


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