The Edgelord Cometh

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Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including:

►Edgelord Elon – Musk buys 73 million shares of Twitter – $3 billion worth. Stock rallies almost 30% instantly.

►Bear Market Rally – Buyback cavalry is not showing up so far this year…

►SoftBank is Amazing – “SoftBank liquidates most of portfolio at ‘Nasdaq whale’ trading unit.”

►Home stocks suck – The rate on a 30-year fixed mortgage hit its highest point since late 2018 last month.

►Altcoins on Fire – Various cryptos are outpacing the gains in Bitcoin this spring.

►Michael’s emotions – Most investors don’t have a weekly podcast and put it on display.

►New reserve currency? – Can the US stock market continue to outperform if the USD is no longer the global reserve currency?

►Rise of the machines – Can Robo advisories ever truly replace traditional Financial Advisory firms?

Thanks to FTX for sponsoring this episode! Download the FTX App today and use referral code “compound” to earn free crypto on every trade over $10: https://apps.apple.com/us/app/ftx-crypto-exchange/id1095564685

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