Market recaps of the day

 13th June 2022

The federal reserve and the European Central Bank raised their interest rates by 50 bp over the weekend.  This resulted in a total bear market and a bloodbath on the 13th.


The tech shares bore the frontline brunt including the freshly public companies as well as the giants. Nasdaq slumped about 4.5% and S&P500 about 2.9%. Treasuries 10-year bond yields climbed up to their highest since 2011, but the difference between 10-year bonds and 2-year bonds inverted (-0.02%) signalling a beginning of a recession. 

Bitcoin took a huge plunge which resulted in its slumping up to its lowest point since January 2021. 

The markets all over the world responded to these signs and crumpled too.


The dollar delivered some respite which has gone up by 22% along with the Yen and 15% along with Euro since its last uptrend began in April.

Support Links

Nasdaq Fall

Bitcoin Slumping

USD gain


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