including those that service or hold cryptocurrencies such as Coinbase, Block and MicroStrategy.Over the past year, the company's stock price has been down more than 73% as investors fled to "old economy names," as Hatfield puts it.That price rout could stabilize, or even reverse, because higher risk stocks do well when markets rally, according to Hatfield.
If upcoming earnings were going to be terrible, more companies would have warned for those results already. It's like in blackjack, he says: If you haven't seen aces for the last 50 cards, you might put more money on the table because the odds are in your favor."The reality is that for the foreseeable future the Fed is locked into a stance of unequivocal hawkishness," James Athey, investment director at abrdn told Bloomberg.
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