The ‘Everything Crash’ Is Coming? Markets Go Risk-Off as European Stocks See Worst Day in 5 Months

Today on the Brief:

• Section 230 hearing with social media CEOs in Washington D.C.
• Bitwise now has more than $100 million AUM
• Trump website defaced with Monero request

Our main discussion: Markets go risk-off. 

With rising fear of COVID-19 lockdowns, everything from stocks to oil to gold and, yes, even bitcoin is down on the day. The important question is whether this is a short-term volatility phenomenon or part of a larger systemic shift.