Market Recap – June 13th💰

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Market Recap – June 13th

Markets had a brutal day yesterday, with all three major indexes losing money. Indeed, the DOW lost 2.79%, the NASDAQ lost 4.68%, and the S&P lost 3.88%. A major component of this sell-off is the decline in crypto markets, as well as the broader fears of inflation and an incoming recession.

Looking at specific investments, we’re watching Coinbase and Astra Space. Coinbase and crypto markets had a significant sell-off yesterday — with Coinbase declining over 11% and Bitcoin dropping below the $24,000 level. Astra Space also saw poor performance: tanking 23% in light of another one of its rockets failing and while carrying NASA satellites to orbit.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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