Stocks rebounded modestly Tuesday as investors looked to claw back losses from the biggest single-day decline in nearly four months amid concerns over the fate of China's indebted property giant Evergrande.
Jim Cramer and TheStreet Senior Portfolio Analyst Jeff Marks discussed why it's time to sell some crypto investments and Tuesday's market.
Cryptocurrencies
Coinbase (COIN) on Monday dropped plans to launch its interest product after the Securities and Exchange Commission Chair Gary Gensler's comment.
The SEC had said it would sue the company over the Lend product and sent a Wells Notice to the crypto exchange a few weeks ago.
Cramer advised investors to take a little profit in cryptocurrencies.
“We may be at the high water mark of what these financial engineers can get away with. I think we have to fix this Tether [stable coin backed by Chinese debt],” said Cramer.
Best China Stocks To Watch For 2023: Royal Bank Scotland plc (RBS)
The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. The company operates through Personal & Business Banking (PBB), Commercial & Private Banking (CPB), Corporate & Institutional Banking (CIB), Capital Resolution, Williams & Glyn, and Central Items & Other segments. It offers various traditional retail banking products, including current and savings accounts, residential mortgages, credit cards, loan products, and investment services. The Royal Bank of Scotland Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.
