Exclusive tips from Morgan Stanley's CIO, plus how to find promising SPACs
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Joe Ciolli
Dec 3, 2020, 00:00 IST
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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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Dear Readers,
The period around Thanksgiving has given investors quite a bit to be thankful for: The S&P 500 finished last week at all-time highs and the Dow just capped off its best month since 1987. There's also bitcoin, which spiked to a new intraday record on Monday, adding to its 170%-plus return this year.
And while many investors are surely basking in these hefty gains, others are keeping one eye open, studying the landscape for signs of the next downturn. Morgan Stanley CIO and chief US equity strategist Mike Wilson is one of those people. A rare pundit who predicted the past two stock-market sell-offs, his advice is worth heeding.
For more — including incisive analysis about the aforementioned market records — see below Business Insider's best Investing stories of the week, which include a wide array of additional recommendations, strategies, and tips for navigating uncertainty.
Goldsmith says the increasing prevalence of SPACs makes sense as market uncertainty grows and new but later-stage companies try to access the public market. He offers the names of three booming SPACs that look appealing right now.
Emma Powell, the owner of Highrise Group, naturally gravitated toward real estate after watching her childhood home be built from the ground up.
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To build her empire, Powell employed a strategy she referred to as the "slow flip." Today, Powell owns 93 units spread across Arkansas, Idaho, and Utah, and has another 122 units under contract in Kentucky.
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