Coinbase: The new Tesla? And other big stock market questions answered for the BizNews community
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US stocks rose, pushing the S&P 500 to a record, as investors cheered encouraging data on the economy, a strong batch of corporate earnings and the prospect of as much as $1.8 trillion in new government spending. Investors have spent much of the month grappling with two competing dynamics: signs of a strong economic rebound, particularly in the U.S., and worsening Covid-19 cases elsewhere in the world that threaten to hamper the global recovery. Speaking to Jackie Cameron of BIzNews to help make sense of developments for investors is US expert on stock market cycles, Dr Richard Smith, CEO of the Foundation for the Study of Cycles. He says Coinbase could easily become the Tesla of the cryptoworld and shares why there's been a seismic shift in the digital world. He also weighs in on the S&P500, which has been powering up - and cautions that the risks of investing in US stocks now are very high. Learn more about your ad choices. Visit megaphone.fm/adchoices
