10 things you need to know before the opening bell
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1. US futures inch lower as investors digest Fed minutes, bitcoin rebounds. See what markets are doing today.
2. Guggenheim's Scott Minerd compares cryptocurrencies to Tulipmania. He has previously made varying crypto predictions, raising eyebrows about him possibly sowing fear.
3. Cathie Wood reiterates a $500,000 long-term bitcoin price target. That is based on a scenario where all institutional asset managers allocate upwards of 5% of their portfolios to the cryptocurrency.
4. Billionaire Mike Novogratz urges investors to hold crypto. The Galaxy CEO said volatile price swings are normal.
5. Melvin Capital closed out of its public short positions in Q1. Those positions included Reddit-driven meme stocks GameStop and AMC Entertainment.
6. Paul Krugman has given up on predicting the 'imminent demise' of bitcoin. He called bitcoin investing a "cult that can survive indefinitely."
7. Earnings expected. Tencent Holdings is scheduled to report its first-quarter results.
8. Wells Fargo's Investment Institute is in the final stages of establishing a crypto strategy for wealthy clients. Its president told us why the firm changed its mind on crypto.
9. Raymond James is seeking out companies poised to capitalize on a multi-trillion-dollar infrastructure deal. The firm says to buy these 20 infrastructure stocks set to crush the market.
10. S&P Global has identified the 15 retailers most vulnerable to bankruptcy. The firm also scored each company's likelihood of defaulting within the next year.