Hey Rippers fam! As mentioned in our last post, we’re moving Friday Rippers to Sunday to help y’all get in front of opportunities for the week ahead and stocks to keep an eye on 👀
The financial sector was treated to a radically unpredictable year aided and abetted by a global recession, the COVID-19 pandemic and other political antics. Looking past the grey of 2020, this year afforded us an opportunity to reflect and consider new trends, industries and innovations, which quickly captured the attention of bored, stay-at-home retail investors and institutional traders alike.
2020 was the year that special purpose acquisition companies, or SPACs, glowed up. SPACs, formerly seen as a “sketchy way” for second-rate companies to come to market, captured the attention of investors and markets. 248 SPACs raised $83 billion in 2020. This year, the SPAC market is already challenging growth we saw in 2020.