So far this year, we have experienced the longest “downturn” in terms of time since our last record high during The Great Recession.
Since then, we had the invention of Bitcoin and other cryptocurrencies, and it's interesting to note how these new asset classes are performing.
The arguments before this year were:
Today's Chart of the Day shows the value of a $100 investment at the beginning of the year. Orange for gold at $91, blue for the S&P 500 at $76, and purple for Bitcoin at $41.
The texts books have not been written yet, since we haven’t finished the cycle, but so far the “crypto is a great hedge against the stock market” argument is struggling.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.
