10 things you need to know before the opening bell

Brendan McDermid/Reuters

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1. US stocks rose after top banks beat earnings forecasts and Coinbase went public. Strong Q1 results at JPMorgan, Goldman Sachs and Wells Fargo boosted risk appetite.

2. Billionaire Mike Novogratz says cryptocurrencies face a ‘washout’. He predicted a volatile week following the public listing of crypto exchange Coinbase.

3. Cathie Wood’s Ark Invest bought $250 million worth of Coinbase shares. Three Ark Invest funds purchased shares at Coinbase’s trading debut.

4. Green infrastructure could be the next bubble. Recently announced plans linked to climate and energy around the world might cause this, Charles Schwab said.

5. 2021 has seen low levels of central bank gold buying so far. Levels are at a decade-long low, according to the World Gold Council.

6. More financial firms publish earnings. Bank of America, Citigroup and BlackRock are releasing their Q1 results today.

7. On the economic calendar. Retail sales data is expected in the US while China posted GDP and retail sales data.

8. Bitcoin is a headache to store – but that’s created a nearly foolproof investment opportunity. Experts break down a risk-free crypto strategy that could theoretically pay out double-digit returns by December.

9. America’s best work-from-home expert is bracing for turmoil. We profile Stanford economics professor Nicholas Bloom, who explains how best to handle the unprecedented situation facing the nation.

10. A VC whose portfolio companies have raised over $1 billion breaks down the unique advantages a SPAC exit provides. Mike Murphy also shares how retail investors can profit from the white-hot market without giving in to FOMO.

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