Good evening.
Markets fall, Q2 earnings kicks into high gear, and Charlie Munger says buying crypto is 'investing in nothing.'
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks fell to start the week on Monday, reversing a morning rally.
The market fell after Apple, the largest company in the world, signaled it's preparing for an economic downturn:
Q2 earnings. Earnings season kicks into high gear this week, with IBM, Netflix, Tesla, and Verizon among the big companies to announce results.
The crypto market climbed on Monday, with Bitcoin climbing above $22,000, reaching its highest level in over a month.
Catch Up
Charlie Munger says buying crypto is 'investing in nothing', and he avoids it like a dirty sewer.
Economists surveyed by The Wall Street Journal put the chance of a recession sometime in the next 12 months at 49%.
Elon Musk reportedly plans to file a counter-lawsuit against Twitter in the coming days.