Volatility, Meme Stock and Crypto Craze

Payroll numbers were just what was needed to offset fear the Fed was falling behind the curve, says David Nelson of Belpointe Asset Management. The meme stock fury in the middle of a crypto crash throws gasoline on a fire not likely to burn out soon, he adds. He feels the economy is still accelerating. He is not joining in on the meme stock craze. David thinks cryptocurrency will be considered an asset class. He says his worries are a new variant of Covid and cyber threats.

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Volatility, Meme Stock and Crypto Craze

Payroll numbers were just what was needed to offset fear the Fed was falling behind the curve, says David Nelson of Belpointe Asset Management. The meme stock fury in the middle of a crypto crash throws gasoline on a fire not likely to burn out soon, he adds. He feels the economy is still accelerating. He is not joining in on the meme stock craze. David thinks cryptocurrency will be considered an asset class. He says his worries are a new variant of Covid and cyber threats.