Latest Market Updates
Stock Market Highlights
Friday 30th December marked the final day of 2022 trading in what has been a painful year for stocks. Three of the major indices (Dow Jones, S&P 500 and Nasdaq) suffered their worst year since 2008 and snapped a three-year win streak.
It’s a year investors want to forget fast. Sticky inflation and aggressive Fed Reserve rate hikes battered growth and technology stocks. Geopolitical concerns and volatile economic data kept markets on edge (Covid problems in China, the invasion of Ukraine) these affected on markets and investor sentiment.
Ringing in the New Year, some investor’s think the pain is far from over, that the bear market will persist until a recession hits or the Fed pivots, and that stocks will hit new lows before rebounding in the second half of 2023
Crypto Market Highlights
To call this year significant for cryptocurrencies would be an understatement. Investors have had a bumpy rollercoaster ride, facing intense momentum, massive valuation drops and stunning criminal activity. Blockchain-related ventures at first seemed poised for greater mainstream adoption, but then met with a challenging period that diminished the industry's reputation.
2022 witnessed two of the biggest scandals in the crypto space, both of which further fuelled negative sentiment. This involved FTX and Terra Luna, respectively. In November, FTX faced questions about its liquidity and illicit asset transfers to the tune of US$4.1 billion. The damage to the reputation of the company was irreparable. Terra Luna’s hit brought the collapse of the crypto network that wiped out over US$60 billion in digital assets.
But amid all the chaos, the Ethereum merge was one of the biggest victories for the cryptocurrency market.
Conclusion
Overall, the bear market has weeded out bad actors offering a chance for promising crypto projects to display their true value to investors beyond the price point. Now is the time for investors to reflect on their positions and long-term outlook.
TOP Crypto Gainers And Losers
More highs and lows in Crypto world in the month of November...
Top Gainer: OKB (OKB) OKB is the utility token for the crypto currency exchange OKX, enabling users to access the crypto exchange's special features; calculate and pay trading fees, access to voting/governance, reward users for holding OKB.
Top Loser: CHAIN (XCN) Chain is a cloud blockchain infrastructure enabling organisations to build better financial services, incorporates open source blockchain Chain Core connecting to a growing list of other networks that are transforming how assets move around the world.
OKB (OKB)
PROFIT: +40%
CHAIN (XCN)
LOSS: -68%
Client Of The Month
“Over the last 6 months in a falling stock market I still managed to make profits: 20% Microstrategy, 15% JP Morgan, 15% Amazon, 15% Apple, 15% Goldman Sachs. My crypto trading in the last month alone has made: 5% BTC, 5% ETH and 5% XRP. It’s all thanks to the team at Investment Mastery - they’re great! - and so passionate about helping you on your trading journey!”"
- Philip Raphael, UK
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Date: 14th January 2023
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Investment Mastery's Trading Floor Results
How will we do in 2023? You will see it all right here!
Stock Market Results
- Buffalo +64.2% (-1%)
- VCA +2,106% (+45%)
Cryptocurrency Results
- CCA +1,510%
- Small Cap +4,120%
Please note: These articles aren't personal advice or a recommendation to buy or sell any investment. We wrote them for your interest and to help you make your own decisions. If you're not sure whether an investment is right for you, please seek advice.
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