Is the bell tolling for investors with the Robinhood IPO?
The US sharemarket has enjoyed a powerful rally this year, as the S&P 500 is up 17 per cent. But will the trading platform’s float herald the market peak?
Sometimes, a bell really does toll when markets are hitting their peak.
Some investors thought they heard bells ringing for bitcoin when Coinbase, the US’s largest cryptocurrency exchange, made its market debut on the Nasdaq back in April.
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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
