Shelter of value of the week

Financial markets continue to be shrouded in volatility, just like last week. The only difference is that, this time, the Merval measured in CCL dollars was the refuge of value thanks to a slight rise of 0.8%.

On Wednesday afternoon, the United States Federal Reserve (Fed) decided to raise interest rates by 0.75%. Although a large part of the investors and analysts already discounted this increase, its execution exposes where the monetary entity is heading in its fight against inflation.

In this economic scenario, the S&P 500 fell 5.8%, while the Nasdaq 100 focused on technology companies fell 4.6% and the Dow Jones, the least volatile index, fell 4.6%. Meanwhile, gold lost almost 2% of its value this week.

For its part, the cryptocurrency market was not exempt from widespread declines. In this case, the blow was even harder. Bitcoin fell 24% and ether, the world’s second largest cryptocurrency, 24%.

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