Bitcoin Tops $80,000, S&P 500 Slips as Yields Reclaim 5%: Stock Market Today
Crypto-linked equities ripped higher as Bitcoin cleared $80,000, but the S&P 500 slipped with the 10-year Treasury yield back above 5%.
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Bill Ackman turned a $27M COVID-era credit hedge into $2.6B, then bought discounted stocks during the 2020 market crash.
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Reaction To Japan Rate Hike Please click here for an enlarged chart comparing SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX) and iShares MSCI Japan ETF
A $100 monthly investment in the Invesco QQQ Trust ETF could grow to approximately $261,000 over 20 years if past decade performance continues, implying a 20.4% annualized return. However, the article cautions that elevated valuations, concentration risk in top holdings, and potential slowdown in earnings growth for already massive tech companies could limit future returns.