Things you see at tops
Of all the things that are probably indicative of a financial bubble, Special Purpose Acquisition Company or SPACs are right at the top. If you are new tho SPACs, check out this explainer. There’s so much liquidity out there looking for yields, US SPACs alone have raised over $150 billion.
A lot of people are screaming this is a bubble,
“These are all momentum stocks, and a lot of people want to short them,” said Matthew Tuttle, whose firm Tuttle Tactical Management runs an exchange-traded fund that allows investors to hold a portfolio of SPAC stocks. Mr. Tuttle is preparing to launch an ETF that bets against “de-SPAC” stocks of companies that have merged with a SPAC—like electric-truck manufacturer Nikola Corp. and baked-goods maker Hostess Brands Inc. —and a separate fund that invests in the stocks.
WSJ
Personal finance
You’re Probably Getting Screwed By Edward Jones Fees
Edward Jones is a US based advisory form. In the title of the post if you replace Edward Jones with any AMC name, your advisor, distributor, bank, LIC uncle, 70%+ of the time, the title will remain true. You are probably getting ripped off by financial intermediaries without even knowing. Next weekend, sit down, open your account statements and look at the fees you are paying. Odds are you’ll be holding a lot of useless insurance policies and mutual funds.
Investing
When Stocks Become Collectibles
7 Truths From a Gut-Wrenching Stock Market Crash, One Year Later
Inflation watch
Can Rising Bond Yields Spoil the Party?
What’s the Best Hedge Against Inflation?
Market history
Technology
How Amazon’s S3 jumpstarted the cloud revolution
Crypto
How Dapper Labs scored NBA crypto millions
Old piece but still relevant.
Media
Why we pay writers. The thinking behind Substack Pro
The Subscription Economy has grown over 435% in 9 years (and the uptick is expected to continue)
Videos
The winds of reflation are blowing… | The Start of a Commodity Supercycle?
Tweets
If you want to go down some crypto rabbit holes, check out the responses
