'Stocks only go up'Even as traders moved to buy the stock market dip, cryptocurrency speculators got a fresh market warning as bitcoin declined sharply again, at one point trading below $29,500 US. "While the stock market is a wonderful long-term asset, it is often a horrible short-term asset." With time on their hands and maybe a little extra cash in their pockets, a surge of new investors decided to try their hand at baking sourdough bread and trading stocks. But how long that retail interest will last if stocks reverse their recent upward trend remains to be seen. Finding nuanceThe market's long, recent upward trend — first during the Trump tax cuts, then during pandemic stimulus — is not normal.

Source: CBC News July 21, 2021 07:52 UTC