In this week’s recap, we found that U.S. and global stocks, in general, ended the week higher and at several all-time highs, despite the expansion of the Delta variant of Covid-19 and global supply shortages. U.S. wholesale prices rose sharply in July for the 6th consecutive month & offered little evidence that a big wave of inflation is on the verge of cresting. The producer price index jumped +1% last month. Analysts had forecast just a +0.6% increase. The pace of wholesale […]
Recap August 8: Bitcoin Mining Illegal USA? FEMA Preparing For Emergency (Recap ep135)
In today’s recap, Marcello talks about a new bill that would make mining Bitcoin nearly impossible of it passes; Is the FEMA prepares for an emergency? Jets are landing on highways and a nationwide alert test is on its way. According to the CDC, the 7-day average of daily coronavirus cases in the U.S. reached 72,790 last Friday, surpassing the peak seen last summer, when the nation didn’t have a Covid-19 vaccine. On the other hand, the U.S. has already reached the […]
Recap August 1: Tesla Crushes Earnings, Inflation Explodes, Food Shortages Coming? (Recap ep134)
In today’s Recap, Marcello talks about Tesla’s earning report, how inflation is truly above what the government is saying, and that there might be a food shortage coming due to various natural disasters. For U.S. restaurants, reopening from COVID lockdown has been difficult. They’ve struggled to hire staff, often being forced to offer double-digit pay hikes. Have been hit by cost increases & shortages on all kinds of items. A jump in seafood prices, part of the broader inflationary surge is only […]
Recap July 25: Report: Money Does Bring Happiness, Extreme Weather, Volatile Stocks (Recap Ep133)
In this week’s Recap, Marcello talks about a study that shows that money does bring happiness, extreme weather hitting all over the globe, and some very volatile stocks. Jeff Bezos former CEO of Amazon, who remains the world’s richest person, worth an estimated $205B, went past the edge of space (an altitude of 107 kilometers or 66 miles) above the Earth on Tuesday, aboard the New Shepard rocket owned by his space company, Blue Origin, as part of its 1st human space […]
Recap July 18: North Pole Moving At Alarming Rate, Historic Highs, and Riots (Recap Ep132)
In today’s recap we talk about the North Pole moving at an alarming rate, new historic highs and riots happening in Cuba. The U.S. S&P 500 as of last Friday was trading at nearly 22 times its projected earnings over the next 12 months, way above a 5-year average of just a bit more than 18. The benchmark index has now rallied +16.73% to date in 2021. 1000’s of Cubans joined street protests from Havana to Santiago on Sunday in the biggest […]
Recap July 11: Exploding Cases, Exploding Prices, Exploding Disasters (Recap Ep131)
In this week’s recap, we find that U.S. stocks ended Thursday in the worst daily performance in nearly 3 weeks, as investors across the globe retreated from risky assets. Investors are increasingly concerned about U.S. labor shortages & supply chain bottlenecks, hurting overall economic growth. In the U.S. weekly jobless claims report Thursday indicated an overall slowdown in job growth. 1st-time applicants for unemployment benefits unexpectedly jumped to 373K in the week ending July 3. Investors expected 350K for initial claims. The […]
Recap July 4: Records upon Records, Corona 2.0 Variant, Binance Banned in UK (Recap Ep130)
In this week’s recap, we find that U.S. stocks ended the week higher and at record highs after data indicated the U.S. economy is growing at a rapid clip & over the prospect of higher Q2 earnings, at the largest companies. Asian shares were mostly lower, as concerns over the spread of the Delta coronavirus variant have continued to dampen sentiment there. European stocks however moved higher in response to the new lower U.S. unemployment claims. In the U.S. the number of […]
Binance BANNED! UK Prohibits Crypto Trading
Binance banned in the UK (largest crypto exchange in the world). It is news of several days ago. We learned that Binance, one of the largest companies in the UK that offer services with cryptocurrencies, has been banned to stop its operation in that nation and clarify in their media about this ban. The fact that Binance is banned in the UK (the largest crypto exchange in the world) is alarming and is a fact to analyze concerning the other situations that […]
Recap June 27: Another Bitcoin Scam, Gavin Newsom Recall, Record Heat In Oregon (Recap Ep129)
In this week’s recap, we see that global stocks finished mostly higher, with the NASDAQ achieving a record high and the S&P 500 reaching a record close, as investors reacted favorably to President Biden agreeing to a roughly $1T infrastructure plan, in hopes it will further stimulate the economy. Asian shares rose further on Friday, tracking gains from the U.S. on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed +0.58%, & the Japanese Nikkei 225 jumped +0.7% in afternoon trading […]
Recap June 20: Did the Stock Market start to crash? Elon saves Bitcoin (Recap Ep128)
In this week’s recap, we see how most of the world markets ended lower, including the US stock market. U.S. stock futures fell on Friday, as the Dow Jones fell over 300 points down near 1% & is on pace to post its worst week since January, down nearly 2%, as the Federal Reserve added 2 rate hikes to its 2023 forecast & increased its inflation projection for the year. Friday futures for the S&P 500 & Nasdaq were lower by nearly […]