Good afternoon.
Markets finish mixed, Bitcoin is up 82% in 2023, and the Nasdaq is on the brink of posting its best first half in 40 years.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks were mixed on Wednesday as the market nears the end of the first half of 2023.
The S&P 500 has gained 14.4% this year, erasing all of the losses since the Fed started raising rates in March 2022.
Historically, a strong first half for the stock market leads to a strong run in the second half.
The crypto market fell on Wednesday, with Bitcoin trading near $30k. Bitcoin is up 82% in 2023.
Catch Up
The Nasdaq is up 31% this year, on track for its best first half since 1983.
Fed Chair Powell on Wednesday said the U.S. economy is "quite resilient" and downplayed the threat of a recession.
Failed crypto company FTX is planning to relaunch its international exchange.
What Else?
