Whether it’s investing or personal growth, it always feels good to start the year with a few small wins… And after a rough 2022, we finally have some in the markets.
Going into February, the tech-heavy Nasdaq rallied this past week – up more than 15% since the start of the year… The S&P 500 is up 8% year to date… and bitcoin is currently up 50% from its November low of around $23,000.
Good news across the market? It’s been a while… and after Wednesday’s Fed meeting, it looks like we’ll need a lot more before rates turn around, too.
After the Fed approved the smallest hike (0.25 basis points) in its current series of increases, senior Fed officials say they still need six months of positive data before they stop hiking rates.
Six months straight of only good news? We can certainly hope for it… But as Daily editor Teeka Tiwari says, “Hope is not a strategy.”
That’s why this week at PBRG, we’ve been writing to prepare you for what could be your best (and last) chance to make life-changing gains in crypto.
While other small investors wait on the sidelines for a solid winning streak in the market, institutional investors are pouring millions into crypto… Setting up for a massive move higher in the year ahead.
Because by the time this meandering crypto bear market turns into a bull market… the largest returns will be off the table.
Editorial Director, Palm Beach Daily