Podcast: Is the US Stock Market Too Big To Fail?

With the U.S. government making direct investments in public companies and the introduction of Trump accounts that will bring millions of new investors into the stock market, what happens when the next bear market arrives?

Eric Balchunas of Bloomberg Intelligence wonders if the next government bailout will be in the stock market, which may be becoming too big to fail. Plus, the SpaceX IPO and the pending listings of OpenAI and Anthropic are ushering in a new wave of highly leveraged and volatile ETFs. Handle with care.