The market’s ability to overreact to news is nothing short of incredible.

You see, Wall Street tends to take predictions as truth. We saw that again after the Federal Open Market Committee (FOMC) meeting this week.

On Wednesday, the FOMC announced that it’s moving up its timeline for raising interest rates. Rather than waiting until 2024, it will now look to raise rates at least twice by the end of 2023. Some in the committee anticipate rate hikes as early as 2022.

After the meeting, some analysts projected that the Federal Reserve may also taper its bondbuying program — lessening the amount of money it dumps into the financial markets every month — earlier than expected.

Even though the Fed doesn’t plan to hike rates or trim its bondbuying for at least six months, the market took the news as immediate, falling to session lows after the mid-week announcement.

If you’ve been in the markets for a while, you’re probably sick of Wall Street’s inability to separate the present from predictions. And all of the hedge funds, analysts, banks and money management firms in the U.S. are making their own forecasts about the market’s next move.

How are retail investors supposed to keep up?

It’s simple: Tune out the noise of the mainstream media and tune into sources that you know are on your side.

Here at Smart Profits Daily, we cut through the uncertainty of the markets to bring you clear, well-researched information. You can be confident that we’re always in your corner, helping you make the smartest investment decisions for your portfolio.

And this week, our experts tackled the world of cryptocurrencies and digital money. Keep reading to see what they had to say.

Cryptos Are the Next Big Profit Opportunity

Cryptocurrencies may seem complicated, but they’re easier to understand and invest in than you might think. This week, our experts went all-in on cryptos. If you missed any of their articles, you can catch up with them right now.

Central Bank Digital Currencies Are Coming

Central bank digital currencies (CBDCs), like the name suggests, would give the world’s central banks the power to create and track their own digital currencies. Right now, retail banks impact the growth of money within a given country’s financial system — but the rise of CBDCs could eliminate retail banks altogether. And that could greatly increase demand for one growing asset class…

Crypto Yields Now Beat Bonds and Stocks

Right now, most cryptocurrencies operate on a proof-of-work basis. But there’s another option: proof-of-stake. Proof-of-stake increases the potential profitability of cryptocurrency investments more than proof-of-work. And, it’s even becoming more profitable than holding stocks and bonds. With certain large cryptocurrencies transitioning to staking, now is a great time to invest in the space.

Billionaires Are Buying Bitcoin — and You Should Too

Despite what some talking heads will tell you, bitcoin is a good investment. In just the last several years, it’s outperformed gold, stocks and the U.S. dollar — and its headlong growth doesn’t show any signs of flagging. Our crypto expert here at Smart Profits Daily, Ian King, can help you jump into this exciting investment.

Mark Cuban-Backed Crypto Falls 99.9% in 1 Day

One crypto token fell 99.9% in one day. Basically, it’s at zero. And what’s special about this crypto is billionaire Mark Cuban — owner of the Dallas Mavericks, tech guru and Shark Tank aficionado — was backing this one. In this video, Ian King and Steve Fernandez discuss what exactly happened to Cuban and this token in the span of 24 hours.


Best Wishes,

The Smart Profits Daily Team