Bitcoin Drop Test Retail Investor Strength
For years, Wall Street has benefited from one of the most reliable forces in modern markets: a retail-trader army willing to buy almost anything. Friday offered a glimpse of what happens when several of those trades come under pressure at the same time. Artificial-intelligence stocks suffered their sharpest selloff in months, Bitcoin fell below $60,000 and bond yields surged as traders revived bets that the Federal Reserve’s next move could be a rate increase. Bloomberg Intelligence Senior Commodity Strategist Mike McGlone and Navy Federal Credit Union Chief Economist Heather Long joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss.
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