What Goes Up

FTX is a phenom in the world of crypto exchanges. The company has grown tremendously since its inception a few years ago. This week, Sam Bankman-Fried, founder and chief executive officer of the cryptocurrency exchange, testified to Congress about how the space should be regulated. The next day, Bankman-Fried and FTX US President Brett Harrison joined Bloomberg’s “What Goes Up” podcast to talk about that and more.

Investors’ imagination often goes to “dark places” in the face of uncertainty around issues like the new Covid variant and this week they might have overreacted, according to Kara Murphy, the chief investment officer of Kestra Investment Management who joined Bloomberg’s “What Goes Up” podcast to discuss the wild week in markets.

Wall Street forecasters have been saying all year that a slowdown in the bull market might be in the cards thanks to inflation and growth concerns. The average projection from strategists for the S&P 500 at the end of 2022 represents a mere 3% advance from current levels. Candice Bangsund, vice president and portfolio manager of global asset allocation at Fiera Capital, joins “What Goes Up” this week to talk about her outlook for the upcoming year and the risks she sees ahead.

A stellar year for the stock market is coming to a close and money-managers are looking ahead to what 2022 might have in store. But worries persist, including the perennially nagging question of whether the stock market is overvalued and in a bubble. Sébastien Page, head of global multi-asset at T. Rowe Price, joined the “What Goes Up” podcast this week to talk about his views on that, his team’s current strategy, the need for diversification and his year-ahead outlook.