The FTX and Alameda Research crash, and how midterms affect stocks : The Indicator from Planet Money Crypto? Not doing well right now. But stocks? With elections soon to be behind us, history says they should be on the rise. This week's indicators explain the story behind FTX's bankruptcy and why markets love midterms.

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The midterm effect, and a crypto collapse

The midterm effect, and a crypto collapse

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Alex Wong/Getty Images
WASHINGTON, DC - DECEMBER 08: CEO of FTX Sam Bankman-Fried testifies during a hearing before the House Financial Services Committee at Rayburn House Office Building on Capitol Hill December 8, 2021 in Washington, DC.
Alex Wong/Getty Images

From politics to crypto, it's been a week to remember. Sam Bankman-Fried, former CEO of the crypto exchange FTX and the supposed responsible older brother of the crypto world, saw his estimated $15 billion or so fortune evaporate in a number of hours after the explosive demise of his companies. Meanwhile, it'll likely be weeks until we know the full outcome of Tuesday's midterm elections, but regardless of who takes control of Congress, historical trends show that the stock market is likely to react positively. Join us as we recap the week with two indicators that explain the biggest stories in the economy this week.

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For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.