Stocks Take Breather as Bitcoin Hits 2023 Highs
Jun 23, 2023
• 9
Min Read
“Invest for the long haul. Don't get too greedy and don't get too scared.” ~ Shelby M.C. Davis.
Good evening:
Equity markets snapped their winning streak on this shortened post-holiday trading week as investors reacted nervously to Jerome Powell’s comments during the Fed Chair’s semi-annual appearance before Congress, as well as to a higher-than-expected rate hike across the pond by the Bank of England.
Our Head of Research, Tom Lee, did not share their worries. His long-term outlook for the year remained unchanged, as he viewed Powell’s remarks in a positive light. A...