We’ve seen a massive melt-up in risk assets since Election Day. And yes, Bitcoin is again the best performing asset, followed by European and UK equities. Safe assets such as bonds and gold have been performing relatively poorly since November 3rd.
Let’s now compare this to the period two weeks prior to the Election Day. Again, a picture says more than 1,000 words, but this time it’s a completely different one. Melt-down instead of melt-up, but with one exception: Bitcoin.
Bitcoin doesn’t care much about the stock market, the bond market, or oil. It’s a different beast, and its uncorrelated nature makes it a valuable portfolio allocation.
(Calculations use prices of the currently actively traded futures contract. Source: Bloomberg L.P.)
Twoquants GbR is the provider of this Website (the "Provider") any may also use third party cookies that help the Provider analyze and understand how you use this Website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for this Website to function properly. This category only includes cookies that ensure basic functionalities and security features of this Website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for this Website to function and are used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.