Bitcoin makes surprise comeback
BTC hit $39,000 on Thursday — hours after Russia's invasion of Ukraine began. The crypto markets joined Wall Street in staging a sudden reversal after Joe Biden confirmed that the West would impose new economic sanctions on Moscow. In other developments, officials from the Federal Reserve have warned that they still plan to increase interest rates next month.
Sell the rumor, buy the news?
It seems like a massive rotation is underway right now — and according to Natixis portfolio manager Jack Janasiewicz, investors are "selling winners to buy losers." He told Reuters: "Historically speaking whenever you get military incursions, the blueprint has been to sell in the run up to the incursion and once tanks start rolling in across borders, you're supposed to buy it."