Bitcoin's path to $5 trillion, plus the market's 20 most-shorted SPACs right now
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Joe Ciolli
Mar 15, 2021, 02:51 IST
Dado Ruvic/Reuters
Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week.
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Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through what's been happening in markets, as well as what to expect in the coming weeks. Here's what's on the docket:
Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at jciolli@insider.com or on Twitter @JoeCiolli.
Your weekly outlook
The past week in the stock market saw a few more flashes of the long-awaited rotation out of mega-cap tech stocks, and into beaten-down value names. On Monday the tech-heavy Nasdaq 100 bottomed out more than 10% below recent highs before saving some face later in the week. Many popular meme stocks were collateral damage.
Considering the recent tendency for retail investors to chase momentum in tech stocks and Reddit favorites, it could be game on for the Nasdaq - and let's be honest, probably GameStop, which saw a spike of renewed buying this past week.
SPACs have taken a beating in recent weeks amid a broad tech sell-off. It's put renewed focus on which are out of favor with investors as cries of a bubble mount.
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