In today’s Recap, Marcello talks about the fall of Bitcoin (and other cryptos) prices during the week; Tesla is crushing its delivery expectations; Food prices keep rising due to increasing input prices, covid related worker shortages and transportation costs. Bitcoin plunged -7.3% thursday overnight to $42,686.00 with losses exceeding -9% at one point. The price was slightly higher Thursday evening at $42,750.20. Ethereum, cardano, binance coin, solana & other cryptocurrencies were also deeply in the red, after minutes revealed that the U.S. […]
Recap January 2: Food crisis, Energy crisis, 5G dangerous to health? (Recap Ep156)
In this recap, US markets ended the year higher, in the last trading week of 2021, finishing a year of repeated records for the major indexes, helped by low-interest rates & the rollout of Covid-19 vaccines. Dow +18.73% in 2021; S&P 500 +26.89% in 2021; NASDAQ +21.39% in 2021. Global markets ended the week and the year was mostly higher too. The omicron variant still causes fears. China’s National Bureau of Statistics reported that the country’s industrial profits in November rose +9% […]
Recap December 26: Blackouts starting Europe, IMF simulates global financial collapse, signal for next financial crisis? (Recap Ep155)
In this week’s recap, US markets ended higher as strong economic data was released, helping ease investors’ concerns about the risks posed by Covid-19 & inflation. Consumer confidence jumped more than expected in December. Global stocks lost $1.8T in market capitalization last week, but world stocks are still worth $118T, which is 140% of global GDP. U.S. Senator Joe Manchin, a more conservative Democrat who is key to President Biden’s hopes of passing an additional $1.75T domestic bill, due to the 50 […]
Recap December 19: Omicron Lockdowns begin, Elon Musk sells record Tesla stock, Record Inflation (Recap Ep154)
In this week’s recap, global markets are mostly lower for the week, with a sharp fall in shares of tech companies, pushing major indexes lower, continuing a turbulent stretch for some of the biggest firms in the market. Asian markets were mixed. The European Central Bank further cut its bond purchases Thursday but vowed to continue its unprecedented monetary policy support for the Euro-zone economy into 2022. It left the benchmark refinancing rate unchanged at 0%, while the rate on its marginal […]
Recap December 12: Govt’s practice cyberattack (blackout?), cryptos hacked again, Rich sell everything (Recap Ep153)
In this week’s recap, global markets rebound after 4 weeks in hopes that inflation data means the peak has been reached and that the omicron variant is less dangerous than expected. IMF and 10 countries simulate cyberattacks on global financial system. 330 SPAR stores shut down, switch to cash after the cyberattack. U.S. Labor Department on Friday: U.S. consumer prices surged +6.8% in the year leading into November & +0.8% last month alone, the highest rate since 1982, as the economy overwhelmed […]
Recap December 5: Food costs explodes, crypto & stock collapse, SpaceX bankrupt? (Recap Ep152)
In this week’s recap, U.S. stocks were lower again this week with an ominous note, after a broad technology-sector selloff, sending the major U.S. stock indexes sharply lower & Treasury yields logging declines, not seen since some of the worst days of the pandemic last year. European shares fell on Friday, heading lower after a downturn in U.S. stocks on a tech slide & fears around the Omicron coronavirus variant hitting economic recovery. Chinese tech stocks in Hong Kong plunged after ride-hailing […]
Recap November 28: New Variant Collapses Everything, Bitcoin city! (Recap Ep151)
In this week’s recap, US, European and worldwide overall stocks plummeted, amid investor fears over a new highly mutated variant of Covid-19 found in South Africa shaking up trader sentiment. The investor “fear index” surges by +40%, the most in 10 months. Outgoing German Chancellor Angela Merkel proposed new measures to tackle a 4th wave of the coronavirus pandemic, with a massive number of new Covid cases on Thursday, (up from 66,884 Wednesday). The death toll has now reached over 100K, with […]
Recap November 21: New Climate Lockdowns! Smallpox Outbreak? They Found Planet 9! (Recap ep150)
In today’s recap, Marcello talks about the Indian government imposing a lockdown due to air pollution; is there a new Smallpox pandemic coming? Vials with the virus have been found; scientists discovered a new planet. The Austrian government on Friday announced that it will extend a lockdown of unvaccinated people to the entire nation starting Monday in a battle to get rising COVID-19 cases under control. It will run for 10 days & a maximum of 20 days. Austrian Chancellor Alexander Schallenberg […]
Recap November 14: Elon Musk Manipulating Markets Again? Inflation Economic Crisis, Dollar In Trouble (Recap ep149)
In this week’s Recap, Marcello tells us about how Elon Musk might be manipulating the markets; Are we walking into an economic crisis driven by inflation?; Due to the increase in the total amount of dollars in existence, holding it’s value is now a problem. Tesla CEO Elon Musk on Saturday asked his 62.5M followers on Twitter in a poll if he should sell 10% of his Tesla stock, already facing a $15B tax bill & to pay for an upcoming possible […]
Recap November 7: China Says Stock Up Food, NASA “planetary DEFENSE”, Elon Musk Richer than Rich (Recap ep148)
In today’s Recap, China suggests their citizens to stock up food facing the coming winter; NASA is planning on launching a rocket against an asteroid as a “planetary defense” for practice; Elon Musk is again the richest man in the world. Squid Game cryptocurrency plunges to 0, after its creators who some now claim are actually just scammers, end up stealing $2.1 million from investors. SQUID had surged to as high as $2.861 before the creators sold their holdings for real cash. […]