It is getting ugly out in tech land. The Nasdaq Composite is down for 7 straight sessions (down 8.6%), its longest losing streak since a 9-day losing streak in Nov. 2016. A number of formerly high flying thematic tech ETFs are scraping along the bottom, at or within 1% of a 52-week lows. A few examples: Global S Social Media (SOCL) : lowest since April 2020 Global X Video Games & eSports (HERO) : lowest since May 2020 Global X Robotics (BOTZ) : lowest since April 2020 Bonds are looking lousy too. The iShares Corporate Bond ETF (LQD) , the largest in its space, is at an 11-year low. The higher interest rates are hurting emerging markets. The iShares Emerging Markets (EEM) , is at a two-year low, and even if you ex-out China (EMXC) it’s still down 20% this year. The iShares MSCI South Korea ETF (EWY) is at a two-year low as well. Precious metals aren’t doing anything either. A main gold ETF (GLD) is near a new low, a fund which tracks silver (SLV) is near a 2-year low. Crypto too...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...