‘Oncoming storm' in crypto, stocks as Fed ‘breaks' markets - Clem Chambers

As the Federal Reserve continues to hike interest rates, investors should expect markets to “break,” said Clem Chambers, CEO of Online Blockchain.

“Everyone remembers the big drop in 2008, but there was a bear market in 2007, which was an oncoming storm,” he said. “I think what we’re in now is potentially an oncoming storm.”Some analysts have suggested that stocks and crypto are experiencing a bear market. Chambers claimed that, as a hedge, he had taken a heavy position in cash, despite his assets being “eaten away by the moths of inflation.

“Rather than try to surf this downhill slope, just let it base,” he said. “Save cash, let it base, and then pile in at the bottom.”

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

It's not too late to take advantage of these year-end investment tax tipsThere are some investment tax credits and breaks that need to be executed before end-2022 in order to take advantage of them when tax filing deadline approaches From m_zadikian
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »