MoneyLine Podcast: What the Blue Wave Means for Your Portfolio
It’s official. There will be a Blue Wave in Washington, D.C. for the next two years.
I know about half the country is happy while the other is disgusted. Me … I try to stay out of politics as much as possible in my research. However, it is important to take into consideration the current political climate when making investment decisions.
So on today’s new episode of MoneyLine, I talk about the investment implications of the Democrats taking over all three houses. We already know that there will be a lot of spending, giving investors who are in the right sectors the opportunity to make big money over the next few years.
There is also one investment that you must avoid. I’ll tell you what that is, as I guarantee most of you have some sort of exposure to it right now.
Changing gears, bitcoin has been on an absolutely wild ride recently, rallying above $41,000 for the first time in history before pulling back and finding support at the $31,000 level. I’ll fill you in on my latest view of bitcoin and altcoins in general.
Then, more SPAC deals took place over the last few days that cannot be overlooked. I highlight four SPACs that have announced potential mergers — three of which are related to the electric vehicle trend and one that’s a play on cryptocurrencies. All four are extremely exciting.
And has anyone been keeping an eye on the roller coaster that is Signal Advance (OTCMKTS:SIGL)? It teaches us a very important lesson that you need to be aware of. Whether you’re familiar with the story or not, you must hear my view.
Finally, I dive into your questions. This may not be what you want to hear, but I touch on two stocks that should be avoided — fuboTV (NYSE:FUBO) and ENGlobal Corp. (NASDAQ:ENG). The hype train is all around the high-flyers, but it’s imperative that investors do their homework. Well, I’m here to help with that today.
Other topics you asked about include:
What company will Bill Ackman buy with his SPAC? Coinbase? PornHub?
And with NIO Limited (NYSE:NIO) having hit new highs … now what?
It’s all that and more on today’s latest episode of MoneyLine. Click here to check it out now.
On the date of publication, Matthew McCall did not have (either directly or indirectly) any positions in the securities mentioned in this article.
Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now.
