Good evening.
Markets tumble, Bitcoin falls below $30,000, and investor sentiment is at the lowest since the dot-com crash.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks fell on Monday, with the S&P 500 hitting its lowest level since March 2021.
Stocks have fallen for five straight weeks, the longest such streak in more than a decade.
Why are markets falling? Investors are worried that rising interest rates could tip the economy into a recession.
The U.S. Federal Reserve last week hiked rates by half a point, the most since 2000.
The crypto market tumbled on Monday, with Bitcoin dropping to $30,000, amid a global flight from riskier assets.
Catch Up
Bitcoin, the world’s largest cryptocurrency, is now down more than 50% from its all-time high.
Investor sentiment in Silicon Valley is its most negative since the dot-com crash.
Bill Gates says there's a 'strong argument' we're about to see a global economic slowdown.