Delivering investment advice in a somewhat unorthodox form, Oakland CA-based recording artist Cassius Cuvée has released a video extolling the virtues of the sector, called Spac Dreams.
Like many of us, he reveals that he was initially unfamiliar with special purpose acquisition companies.
“I’m like, a Spac, what the hell is that?” he sings. But soon, he was very much up to speed. “If you’re in the Spac game you know what I’m talking about. We’re sick of IPOs, day one locking us out!”
Cuvée proves an engaged investor, explaining how he “slides into the DMs [direct messages] trying to do the DD – that’s due diligence!”. He favours particular sectors, stating he can “see the future is EV [electric vehicles] and also ESG… Picking Tesla over other EVs is not a surprise…respect to Mr Musk as he is a trailblazer.”
Sticking with this sector allocation, he advises that “the best type of Spac is ACTC”, presumably referring to ArcLight Clean Transition Corp’s merger with electric bus manufacturer Proterra in February.
Spacs may be the new kid on the block, but many in the market have recently felt the need to put investment advice to music.
Bolton goes for broker
At the more traditional end of the market, both financially and musically, veteran singer/songwriter Michael Bolton has released a moving ballad through public.com about the need to change his broker.
In a stark illustration of the new mood among retail investors after the recent GameStop chaos, Bolton makes it clear that his first stop for investment advice has changed.
“I could hardly believe it when I saw it on Reddit today!” he croons. “I thought I would get it from you!” R/wallstreetbets is clearly proving to be formidable competition to more established players. “They told me about order flow, so I googled and now I know,” he trills, exasperatedly. “My stock’s been in your app for oh so long… gonna transfer all my stuff and I’ll be gone.”
Not so Mr Cuvée, whose enthusiasm for Spacs is unrestrained. “Let’s get rich! Stocks are only going up, never shrinking,” he advises. “You can hate on Dave Portnoy, but he says what we’re thinking!”
What could possibly go wrong?
