Jeff and Joe kick off the show with a rapid-fire review of last week’s numbers from Wall Street. The Dow was down 174 points, the S&P 500 was down 18 points, and the NASDAQ was up 41 points. All three indexes remain up year-to-date. The big news of the week was Bitcoin being down nearly 50% from its high about one month ago, providing an example of the extreme volatility of cryptocurrency. The guys review the two main reasons for this downward movement and explain why they view cryptocurrency as a gamble rather than as an investment.
In the second hour, the Money Wise guys focus on investor education and share the five things every portfolio should have. Tune in for all the details and visit davidsoncap.com to learn more about the Money Wise guys or to schedule a portfolio review and analysis.
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