Volatility Hits the Sizzling SPAC Market

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Volatility Hits the Sizzling SPAC Market
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Shares of technology firms and blank-check companies surged on Tuesday, bouncing back after a weekslong streak of declines. The swings highlighted the competing dynamics playing out in financial markets as the economy rebounds.

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Shares of technology firms and special-purpose acquisition companies surged on Tuesday, bouncing back after a weekslong streak of declines that pushed some popular SPACs down 20% or more in a month.

Some popular companies that have gone public by merging with so-called SPACs in recent years—including online real-estate firm Opendoor Technologies Inc., space-tourism company Virgin Galactic Holdings Inc. and electric-car company Lordstown Motors Corp. —added 6% or more on Tuesday. Those all remain down at least 30% in the past month.

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Weekslong is not a word

Towards end of the dotcom bubble we had extreme roller-coaster days, most similar to current markets. Guess what happened after 'Irrational exuberance' zunami rallies. The next day when the tied receded we picked lots of dead fish on the sand. $VIX $SPX $NDX $DJI $IWM

Thank you sir gigsfrid indeed you're great man to be called for the good news surely reach out for people like me...whom you just gave another chance of starting my own business.

Do you think this is what people really need right now?

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