Markets have been taking a beating lately, the Dow Jones, S&P 500 and the NASDAQ all down yesterday, though they did manage a rally toward the end of the trading day. WRCR’s Market Analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says global events are partially to blame…
Cryptocurrencies are also starting to lose their sheen in the marketplace. Bitcoin yesterday dropped to a three-month low before recovering a bit. CNBC says a reversal in the broader acceptance for cryptocurrencies, and regulatory concerns appear to be the reason for the slide.