May 16, 2022

May 16, 2022 – Another rollercoaster ride

Dow Jones 32,197 (-2.14%)  S&P 500 4,024 (-2.41%)  Nasdaq 11,805 (-2.80%)  Bitcoin $29,994 (-16.75%)  5/16/22  Friday was a rollercoaster of a day, but the week still ultimately ended in yet another decline for markets. The collapse of the largest “stable” coin is important for crypto markets, but it is also my belief that this rapid collapse in value will turn smaller retail traders…

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