In this episode Scott Becker discusses:
- Markets tanked yesterday on testimony from Fed Chair Powell that rates are going higher.
- The S&P 500 fell 1.53%, the Nasdaq 1.72%, and the Dow 1.72%.
- Bitcoin has dropped back to around $22,000.
- The era of there is no alternative to equities has come to an end.
- The 2 year treasury opens at 5.04%, its highest level in nearly 17 years.
- The 1 year treasury jumped on Powell’s testimony to 5.21%.
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