Market Update – 6 Quick Points 3-8-23

In this episode Scott Becker discusses:

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

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