The beginning of 2022 has been particularly brutal for stock markets. The S&P 500 had its worst April since 1970, the past seven weeks have marked the Dow Jones Industrial Average’s longest losing streak since 1980, and the tech-heavy Nasdaq has fallen 20% from its peak, putting it officially in bear market territory.
This week, hosts Mike Bird, Alice Fulwood and Soumaya Keyes start small then zoom out. First, they look at what’s behind the crypto crash and hear from one unlucky investor who lost it all. Then, they speak with Rebecca Patterson, hedge fund Bridgewater’s chief investment strategist, who connects the dots between the crypto carnage and the rising power of retail investors. And finally, legendary bear market investor Jeremy Grantham explains why he thinks the stock market bubble hasn’t fully burst yet.
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