Skip to content

Tech and Crypto in Peril as Fed Ends Liquidity Binge, Survey Shows

  • Survey respondents spell out the cross-asset challenges ahead
  • The US central bank has started shrinking its balance sheet
Video player cover image
WATCH: On this week’s MLIV Pulse, guests give their take on where the biggest risks for quantitative tightening are.Source: Bloomberg
Updated on

The speculative darlings of the easy-money era -- technology stocks and cryptocurrencies -- are acutely vulnerable now that the Federal Reserve is shrinking its nearly $9 trillion balance sheet. 

At the same time, central bankers from Canada to Europe are about to test the resilience of global markets as they follow hawkish US policy makers on a liquidity-sapping mission to unwind the pandemic bond-buying spree.