The Deets on SPACs

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4.4 • 823 Ratings

🗓️ 6 April 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bill Mann joins the show to explain the nuts and bolts of SPACs as we take Euphonium Industries public.

Transcript

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0:00.0	This is Motley Full Answers. I'm Alison Southwick and I'm joined as always by Robert Bro Cramp in
0:08.3	my side, personal finance expert here at the Motley Fool. Hey, bro. How you doing? Fine. Taking me back
0:13.7	to junior high. Thank you very much. Yeah. In this week's episode, we're joined by senior analyst Bill
0:18.7	Mann. He's going to help explain the fuss over
0:21.5	SPACs. All that and more on this week's episode of Molly Philanders. So, bro, what's up?
0:28.9	Well, Allison, the first quarter just ended. Yes, we're already 25% through 2021. And I thought
0:35.0	we'd take a look and see how this year is shaping up for investors.
0:38.5	And so far, it's a pretty good one. Well, depending on what you're investing in.
0:42.5	So the quarter ended on March 31st, as it always does for the first quarter.
0:46.5	So all the numbers I'm going to provide are as of that date. Things will undoubtedly look a little
0:50.7	different by the time you listen to this. But I think the general themes will likely remain. And one of those themes is that all of the major indexes are near or at all-time
0:59.4	highs, which is awfully nice, but still, some types of stocks are doing better than others. So,
1:04.2	the S&P 500 is up 6.5% for the year. And considering that its historical average is about 10%
1:10.6	over the course of a whole year, turning almost 7% for the first three And considering that its historical average is about 10% over the course of a whole year,
1:12.3	turning almost 7% for the first three months is pretty darn good. Now, the NASDAQ, which has
1:17.4	outperformed the S&P 500 every calendar year since 2016, is not doing quite as well. In fact, the
1:24.4	NASDAQ was actually up just 1.3% for the year as of March
1:27.6	30th, but then surged on the last day of March, 1.5%, bringing its first quarter performance
1:33.6	to almost 3% or so. As we know, the NASDAQ is very tech-heavy, and the technology sector
1:39.5	was the second worst performing sector in the first quarter, returning 2.4%, edging out the 1.8%
1:45.9	from consumer staples. The winners so far in 2021 have been industrials at 11.5% financials,
1:52.8	up 16%. And the biggest energy up almost 31% this year. So many of these stocks in these sectors that are doing well so far in
	...

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