February 03, 2021 at 12:59PM

Global equity markets are now getting a substantial boost while Wall Street Bets crowd assets have been losing value. Last week, we saw exactly the opposite picture. The US indices returned to the highs of a week ago, while the GameStop share price fell to two-week lows.

Wall Street’s optimism may be fragile as the simultaneous strengthening of demand for risky assets, and the dollar’s rise continues. Such a combination rarely lasts for a long time. In the past year, we have repeatedly observed that the dollar’s turn to growth is soon followed by increased pressure on worldwide equity markets.

The FxPro Analyst Team

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From: The FxPro Analyst Team https://fxpro.news/daily-economic-events/markets-outplayed-wall-street-bets-20210203/
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