These 5 charts capture a rollercoaster 15 months for stocks, bonds, and crypto as the Fed pauses its tightening campaign
– all plunged as the Fed ramped up its tightening campaign, with the tech-heavy Nasdaq even entering bear-market territory by sliding over 20%.
But after bottoming out in October 2022, they've enjoyed a major rebound – powered higher by the expectation that the Fed will cut rates to support the economy later this year, as well as a ChatGPT-fueled craze that's inspiredThe three indices now trade close to their March 2022 levels – but there have still been high-profile stock-market casualties over the past 15 months.three months ago driving massive outflows.
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