Markets Digest Earnings, Rate Hikes, and Macroeconomic Uncertainty
- Apple and Amazon earnings failed to meet expectations amidst economic concerns.
- The Bank of England raised rates to the highest level since 2008, but avoided a larger hike.
- Bitcoin initially rallied on a U.S. credit downgrade before falling on broader risk aversion.
- Bill Ackman warned yields could continue rising to 5.5% as the bond selloff persists.
- Warren Buffett remains unconcerned by the downgrade and continues investing.
Barron's 
