Good afternoon.
Markets slip to start week, Bitcoin climbs above $30k, and the Nasdaq is having its best start to a year since 1983.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks fell on Monday to start the week. Markets are on pace to finish June higher.
The Nasdaq is up 29% in 2023, on track for its best start to a year since 1983.
2023 FOMO rally. Investors have been piling into stocks in recent weeks as they fear missing out on this year's rally.
The crypto market fell on Monday. Bitcoin climbed above $31,000 last week, its highest level of 2023.
Catch Up
The S&P 500 is in a bull market after rising more than 20% from its October low.
A strong first half for the S&P 500 has typically led to a strong run in the remaining six months, per Bloomberg.
The Federal Reserve signaled two more rate hikes could be coming this year.
What Else
