Closing Bell: Stocks Storm Back, Crypto Collapse & Cash Is King 7/6/22
Stocks staging a late-day rally to end in the green after the Federal Reserve reaffirmed its commitment to fighting inflation through interest rate increases. Evercore ISI's Julian Emanuel says he thinks the broader market can rally into the end of the year, but UBS Private Wealth Management's Alli McCartney says investors should remain cautious with so much economic uncertainty right now. However, JPMorgan Asset Management's Oksana Aronov says cash is king in this environment. And Tusk Ventures CEO Bradley Tusk, who was an early investor in Coinbase, discusses the outlook for bitcoin and whether more crypto related companies will fail because of the ongoing crytpocurrency collapse.
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