Good evening.
Markets rebound, Fed policy meeting on Wednesday, and Warren Buffett wouldn't buy 'all of the bitcoin in the world' for $25.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks rebounded on Monday after the S&P 500 touched a new intraday low for the year.
With four months of 2022 in the books, the stock market is experiencing its worst start to a year since 1939.
Investors hope the month of May will bring some relief to beaten-down stocks and cryptocurrencies.
The main event this week is the Fed's policy meeting on Wednesday. Markets are anticipating a half-point rate hike.
The crypto market climbed on Monday, with Bitcoin trading near $38.5k, moving higher with global equities.
Catch Up
Warren Buffett says he would not buy all of the bitcoin in the world for $25, claiming "it does not produce anything."
The Nasdaq Composite fell 13% in April, its worst month since 2008.
The 10-Year Treasury yield hit 3% on Monday for the first time since 2018.