Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Equities pivot from crypto, metaverse to AI
Yearly performance sees the Nasdaq up 35%, S&P 500 up 12%.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- Despite rising interest rates and fixed-income yields, equities have traded higher this year. However, the sustainability of this trend will be tested as the promise of future solid earnings growth is challenged going forward.
- The Nasdaq is up 35%, and the S&P 500 (SPX) is up 12% yearly.
- The focus of equities has shifted from buzzwords like “crypto” and “metaverse” to “AI.”
- According to MacroScope, “Six of the top tech companies with a combined market cap of $8.4 trillion or 23% of the S&P 500 trade on price-to-earnings (PE) ratios between 29 (Apple) and 66 (Tesla)”.
- MacroScope believes this enthusiasm for tech will eventually fade, as it has in the past.
