Digital Asset Daily with Mati Greenspan: Three Reasons Why Stocks are Fearful
For the first time in a long time fear can be felt in the global markets. Over the weekend we've received some distressing news regarding the spread of the Coronavirus to more Western countries including Iran, Israel, and Italy.
If traders aren't fearful of pandemic an even bigger nightmare of theirs seems to be materializing. Bernie Sanders is gaining steam in the Democratic party and now seems quite likely to be the one who'll face Trump in November.
All this and we still haven't heard a firm commitment from the Fed and papa Powell that everything will be fine. The current "not-QE" stimulus program is set to expire in April and we don't have any promise of free money for the markets beyond that.
If traders managed to stay complacent last week, it's gonna be very difficult for them to continue burying their heads in the sand now.