Investing in a Turbulent Market: What to Expect for Cryptocurrencies and Stocks

The global financial landscape remains in a state of flux, as recent market volatility highlights both the risks and opportunities for modern investors.

Major US stock indices extended their losses on Monday as investors assessed the outlook for equities and cryptocurrencies after a turbulent week.

The Dow Jones Industrial Average fell 166.3 points, or 0.5%, at the open. The S&P 500 opened lower by 0.3%, while the Nasdaq Composite dropped 0.1%.

Last week, the Dow fell 2.7%, the S&P lost 3.4%, and the Nasdaq slid 4.1%, marking their worst weekly percentage declines since March.

The losses were driven by concerns over rising interest rates, slowing economic growth, and the potential for a recession. However, Friday’s data on personal consumption expenditures showed a slowdown in price increases, offering some hope for investors.

“The market is trying to decide whether the worst is over,” said Steve Sosnick, chief strategist at Interactive Brokers.

"We had a very bad week last week, and the market is trying to decide whether we're going to continue lower or whether we're going to have a year-end rally. There's a lot of cross-currents with the economic data.”

On the crypto front, bitcoin buzzed after MicroStrategy's latest acquisition of the leading cryptocurrency.

The large-cap crypto was last trading around $17,000, up about 0.5% over the past 24 hours. Bitcoin has now gained about 17% so far in December.

Meanwhile, investors also kept an eye on major stock moves. Boeing slid after the aviation giant said it would cut 787 Dreamliner production rates.

TELUS and Antero Resources both gained investor attention after announcing their latest financial results.

Several key financial experts are scheduled to weigh in on the recent developments throughout the trading day.

At 3:00 p.m. ET, Sosnick will offer his insights on the current market strategies. Following him at 3:20 p.m. ET, Aditya Bhave of Bank of America is expected to discuss economic trends affecting the United States. Later, Joe McCann from Asymmetric will share his expertise on market dynamics at 3:45 p.m. ET. Rounding out the day, Doug Butler of Rockland Trust will present his analysis on market research at 4:00 p.m. ET, with Vivek Pandya from Adobe Digital Insights concluding at 4:20 p.m. ET.