Bitcoin, Reddit Goes Public, and Wendy's Sparks Outrage

Market Moment Podcast

This week on the Market Moment podcast, John, Eli and Matt cover the latest stock market headlines which include bitcoin making record highs thanks to the availability of new ETFs. They also discuss whether or not bitcoin is a legitimate asset to invest in, like in a Roth. Will the advisors embrace bitcoin?

Reddit is going public which causes John and the others to ask hard questions: What is their business model? Is this business profitable? Is this a business I want to invest in when I don't understand it? Not too dissimilar from the questions surrounding bitcoin.

Lastly, the fast food franchise Wendy's is trending in the news after an announcement in mid-February about a new dynamic pricing model. While the CEO of Wendy's has clarified that Wendy's does not intend to use "surge pricing" which is increasing the price of food during peak eating times, many believe this is exactly what is going to happen. They explain that their model will lower prices during less optimal times (like Sonic's "Happy Hour") but the internet is outraged and demands a boycott on the red-headed girl. Eli, however, thinks this is a genius business strategy. What do you think? The advisors also dive into a comment from the previous episode, which was all about first-time home buyers.

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Here's this week's prompt: How do you feel about inflation right now? Do you feel more or less optimistic things will get better?

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