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

WATCH: On this week’s MLIV Pulse, guests give their take on where the biggest risks for quantitative tightening are.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Ben Purvis and Tatiana Darie

June 5, 2022 at 11:30 PM UTC

Updated on

June 6, 2022 at 10:24 AM UTC

This article is for subscribers only.

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.