Private Investing Gets a Boost

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4.7 • 1.7K Ratings

🗓️ 20 July 2021

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nasdaq partners with several banks to spin off Nasdaq Private Market as a stand-alone company. Ally Financial shares rise after strong 2^nd-quarter profits. Asit Sharma analyzes those stories and discusses the long-term investing ripple effects of Jeff Bezos’ trip to space.

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Transcript

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0:00.0	It's Tuesday, July 20th.
0:04.3	Welcome to Marketfoolery.
0:05.6	I'm Chris Hill with me today.
0:07.4	The one and only, Asad Sharma.
0:08.7	Good to see you.
0:09.8	Chris, good to see you.
0:10.8	Thanks for having me on.
0:12.8	We got an interesting show today.
0:16.2	We got market news.
0:18.3	We have banking news.
0:19.7	We're going to start with the story of the day,
0:21.8	and that is Jeff Bezos going to space for a few minutes
0:25.1	this morning.
0:26.5	He and the other folks on board, the new Shepherd,
0:29.4	took off shortly after 9 AM Eastern, landed safely
0:33.3	in the Texas desert.
0:35.6	Appropriate, because this is the anniversary of the moon landing.
0:40.2	And this is one of those stories, Asad,
0:44.7	that does not appear to have any immediate ripple effects
0:50.7	for stock market investing.
0:53.9	It seems much like the entire venture of going to space.
0:57.8	It seems like there will be long-term ripple effects.
	...

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