A Good Time to Consider Adding Miners
Apr 5, 2024
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Inflows Resume
On Monday, market sentiments were rattled by a surprisingly strong manufacturing PMI figure, marking the first expansionary reading in 18 months. This led to a rise in rates, with risk assets across the board experiencing selloffs amid renewed inflation concerns and fears that the Federal Reserve might need to implement further measures to cool the economy.
However, in our crypto comments video on Tuesday, we outlined a couple of reasons why we were not overly concerned about the implications of a robust PMI figure.
First, an expanding economy is generally beneficial f...