📌Breakdown of the market’s main themes: The crypto sell-off is anchored to the Binance hacking incident, while the US stock sell-off is pricing in uncertainty around the midterm elections.
The odds of Democrats winning both the House and Senate are rising. The biggest variable isn’t who wins, but uncertainty over the Democrats’ subsequent regulatory stance toward AI and crypto.
Assets with weak fundamentals that were previously tied to the benefits of Trump’s policies are being liquidated first. Intel, $INTC , is a typical example.
The odds of Democrats winning both the House and Senate are rising. The biggest variable isn’t who wins, but uncertainty over the Democrats’ subsequent regulatory stance toward AI and crypto.
Assets with weak fundamentals that were previously tied to the benefits of Trump’s policies are being liquidated first. Intel, $INTC , is a typical example.
