Shiba Inu (CRYPTO: SHIB) is trading higher by 3.5% to $0.00003123 Thursday. Shares of several altcoins gained Thursday amid strength in Bitcoin as the apex crypto trades past the $70,000-level.
Morgan Stanley analysts provided insights on the ramifications of tighter credit market on gaming, lodging and leisure companies.
The analysts noted that the group is not immune to higher rates, reduced liquidity, or a weaker consumer. However, the analysts still see opportunities for idiosyncratic alpha through cycle.