Updated GDP numbers came out today, yielding -0.9% growth for Q2 2022, officially putting the U.S. in a recession as this is the second consecutive quarter with negative growth.

With the economy shrinking, we’d expect asset prices to plummet, but equities and crypto have been doing just fine following the news.

Bitcoin held its $23,000-range and pre-market prices on equities have been relatively stable.

The Rebel Economist
Author: The Rebel Economist

Civil Engineer // Aviator // Photographer // Avid Coffee Enthusiast // Your investment strategies could differ from mine based on your risk tolerances, research, and time horizon, so I encourage you to do your own research as information provided by The Rebel Economist or Breaking Metrics should never be considered financial advice.

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