Rarely have so many assets been up this much at once. The frenzy has extended far beyond conventional markets tracked by Wall Street firms.
Morningstar said the Emerald Advisers fund was taking on too much cryptocurrency risk.
Some SPACs are targeting companies with below-investment-grade credit ratings; not since the dot.com-boom two decades ago has stock-market enthusiasm been hot enough to fuel such activity in debt markets.
The recent drop in the price of bitcoin suggests the digital currency’s yearlong rally might finally be running out of steam.
Sentiment wavered this week between concerns about new waves of Covid-19 infections around the world and optimism prompted by promising economic data.
Futures are edging up at the end of a choppy week for stocks.
Robinhood says a quarter of trading in bitcoin and other online currencies is done by women. though that level lags behind their trading in stocks and exchange-traded funds.
U.S. stocks turned lower on news reports that President Biden is considering nearly doubling capital-gains taxes on the wealthy.
Yields climbed after data showed the number of Americans filing for unemployment fell to a new post-pandemic low.
A key measure of the perceived risk in low-rated corporate bonds is hovering around its lowest level in more than a decade. highlighting investors’ mounting confidence in the economic outlook.