Crypto, Tech, and Retail All Seeing Declines This Week. JUNE 17, 2022

More than half of the stocks in the S&P 500 are now trading below their pre-COVID highs, according to Bespoke. Robert Teeter of Atsilver Asset Management and Kevin Caron of Washington Crossing Advisors discuss which sectors are being hit the hardest. Plus, crypto is stabilizing today after what’s been a rough week for the space, with Bitcoin down almost 30% just this week as interest rates rise and investors sell off riskier assets. Clara Medalie of Kaiko breaks down crypto’s crash. And, it’s been a rough ride for Big Tech, with the Nasdaq falling more than 4% yesterday. Mark Mahaney of Evercore ISI joins us to discuss why tech can’t catch a break. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.