Positioning-driven selloff, Fed balance sheet and 401(k) crypto rule
Hedge fund de-risking drove the Nov 5 selloff, the Fed balance sheet keeps expanding, and a DOL rule that could allow crypto in 401(k)s is under White House review.
What we know
An account on X cites a 5% drop in long/short net leverage. Another account on X reports the Fed balance sheet at $6.75T. Another account on X says the DOL sent its proposed rule to the White House.
How the story developed
Hedge fund de-risking drove the Nov 5 selloff, the Fed balance sheet keeps expanding, and a DOL rule that could allow crypto in 401(k)s is under White House review.
The DOL's final rule allowing crypto in 401(k) plans is at the White House for final review, seen as a major distribution unlock.
The DOL's final rule easing crypto, private equity and real estate in 401(k)s reached OIRA on Thursday, a sign it is nearing public release. Memecoin promoters are already riding the headline.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.