Urgent HSBC risk-on order issued as dollar hits 2021 lows which could flip Bitcoin’s next move
HSBC issued a directive on Jan. 27 for traders to remain aggressively risk-on. The financial institution recommends overweighting equities, high-yield debt, emerging-market bonds, and gold whereas underweighting sovereigns, investment-grade credit score, and oil. The name rests on a particular macro view: US progress holds up, fee volatility stays contained, and markets tilt again towards mega-cap…
