Although such scenarios could take months to play out, stock traders are already pricing in anticipated lower earnings, which lead to a drop in equity valuations. On Wednesday, S&P 500 futures dropped 0.4% while technology-heavy Nasdaq futures fell 0.6%. European markets showed nominal movement as Germany’s DAX rose less than 0.1% and the Stoxx 600 slid 0.1%.
Source: https://www.coindesk.com/business/2022/05/18/first-mover-americas-bitcoin-back-below-30k-as-target-shortfall-shows-inflation-hitting-economy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines