FTDS - The Pain Trade
- Stocks are on track to register their sixth straight week of declines for the first time since the confluence of the eurozone financial crisis, credit rating downgrade of US Treasuries and a debt crisis debacle in Congress sent equities reeling in the late summer of 2011.
- When the S&P 500 fell below 4,000 earlier last week, a number of market analysts saw that as a pain threshold likely to unleash more near-term selling related to margin calls.
- Conditions remain quite volatile, with multiple price swings of one percent or more throughout the day on many trading days. Depending on how the stablecoin troubles play out, there could be plenty more damage in store for digital assets.
For further details see:
The Pain Trade