Market Review and Trends
Weekly Market Wrap | 13 May 2022
By Syfe  •  May 15, 2022
Crypto Meltdown Volatility in the stock markets continued last week. S&P 500 rose 2.4 percent on Friday, but it was not enough to make up for a week of declines. It was the sixth consecutive week of losses for global stocks (using the FTSE All-World Index), the first time that has happened since the Great Financial Crisis in 2008. The latest rout has hit cryptocurrencies like Bitcoin while one of the largest stablecoins: TerraUSD imploded and was unable to hold its peg to the dollar. A stablecoin is a type of cryptocurrency meant to be pegged to a stable asset that should not fluctuate as much as bitcoin. The volatility drew the attention of regulators and lawmakers. On Thursday, Janet Yellen, the Treasury Secretary and ex Federal Reserve chair said that “we really need a regulatory framework” after getting a “real-life demonstration of the risks”. Inflation moderated slightly  April inflation reading,...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...

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