Good day, everyone
It has been another wild week. We have new records set on almost every exchange as well as precipitous selloffs undermining stability and amping up the volatility in the markets. The Dow Jones Industrial Average closed above the 33,000 mark for the first time in history. Meanwhile Nasdaq and S&P 500 futures fell Thursday as the 10-year Treasury yield clawed to a high not seen since before the onset of the pandemic. All I can say is I’m happy to have more of an investor mindset in times like this. Because trying to time these markets and chasing stock prices to the upside can be a recipe for disaster.
In today’s update we’ll check in with the markets and take a deep dive into why I believe SPACs are being unduly punished and where we could find some upside in this choppy market in the weeks ahead...