market downturn

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On today's podcast: 
1) Biden and McCarthy to Resume Debt Ceiling Talks 
2) Turkey Poised for Runoff Vote
3) Newmont Seals $19 Billion Newcrest Deal  

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SEASON FINALE - WE MADE IT! Only just, since we've both been ill for the past couple of weeks, but we managed to pull this hour long deep dive into our portfolios together.  We'll talk a little bit about our investing journey, the way we construct our portfolios, and we'll take a look at each of our top 5 holdings.  Thank you to everyone who has tuned in for this season, we really hope you've enjoyed it & made sure to keep your eyes peeled for season 2!

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Spacs, or special purpose acquisition companies, were all the rage at the start of the pandemic. These shell companies raise cash by listing on the stock market, and then seek a merger with a private company. This created a novel way for companies to list on the stock market without having to go through the traditional initial public offering process.

Now, Spacs are floundering. The FT’s Ortenca Aliaj talks with guest host Jess Smith about how the Spac investment boom collided with rising interest rates and regulatory threats, and ultimately went bust.   

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For further reading: 

Spac boom dies as wary investors retreat

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On Twitter, follow Ortenca Aliaj (@OrtencaAl)

Read a transcript of this episode on FT.com

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