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Financial Stocks Outperform Cryptocurrencies - At Least on Monday, October 29
[Image: Bull and Bear / StockInvestor.com]
by Howard Haykin
Stock market volatility has returned with a vengeance, and investors have increasingly taken to watching the market performance of alternative investments - namely, cryptocurrencies. Just last week, Financialish observed that cryptocurrencies were seemingly acting like "safe havens" while stocks were plummeting.
Which prompted us to provide Financialish readers with a comparison of market performance - using statistics for the 10 largest stocks (in the 'Financialish Stock Index') and the 10 largest cryptocurrencies.
Keeping it simple, we present the 1-day (or 24-hour) performances for these 20 investments - side-by-side for your comparision. Stock performances were obtained from Yahoo! Finance; cryptocurrency prices were obtained from CoinMarketCap.com.
As of 4:00 p.m. (ET) on Monday, October 29, Financial Stocks clearly outperformed cryptocurrencies.