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The risk-off whiplash

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Miguel A. Rodriguez
Miguel A. Rodriguez
05 October 2021
Bitcoin eyes $50,000 for first time since El Salvador rollout
  • #WallStreet tumbled as investors dumped Big Tech and other growth stocks in the face of rising Treasury yields, while concerns about a potential U.S. government debt default offered another reason for caution
  • #Bitcoin is making a push back to $50,000 for the first time since El Salvador’s checked rollout of the largest cryptocurrency as legal tender at the start of September
  • More bleeding in technology stocks pushed #Apple Inc. into correction territory, making it the third of the five megacap tech companies to fall more than 10% from peaks earlier this year
  • #XAUUSD added 0.2% in the last session


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.