Bitten by FANG? Clocked by Cryptos? -- "Air Pockets" Everywhere
Down more than 25%, the NASDAQ is "officially" in bear-market territory.
"Big whoop" as they used to say -- some of the hi-tech darlings have already been cut in half and then some. Bet the folks down 50% or more in their so-called investments are glad to hear they're "official."
And now Bitcoin, the King of Cryptos, has hit an "air pocket" of its own and fallen below $30,000. Wonder if that's officially a bear market, too?
This excerpt from our new, May Financial Forecast explains how it all fits together.