Urgent HSBC risk-on order issued as dollar hits 2021 lows which could flip Bitcoins next move

HSBC issued a directive on Jan. 27 for investors to stay aggressively risk-on. The bank recommends overweighting equities, high-yield debt, emerging-market bonds, and gold while underweighting sovereigns, investment-grade credit, and oil.

The call rests on a specific macro view: US growth holds up, rate volatility stays contained, and markets tilt back toward mega-cap tech. Meanwhile, the US…