Risk aversion is starting to strike again to start the new week/month as equities are being hit hard alongside Bitcoin once again. S&P 500 futures are now down 0.8% with Nasdaq futures down 1.0% so that will sap quite a bit of the energy from last week’s rebound. By some miracle, the S&P 500 even managed to post a positive monthly close for November but concerns surrounding the AI bubble are not going away just yet. Of course, Trump’s erratic policy swings are also not helping.
As for Bitcoin, a quick wave of selling sees price break back under $90,000 and that puts sellers back in near-term control now:
Pairing the selloff in the cryptocurrency alongside that in equities, it is setting up for a more cautious and risk averse mood as we look to greet European traders later today.
This article was written by Justin Low at investinglive.com.