In this week’s recap, the U.S. stocks ended far higher, with the Dow & S&P 500 reaching new record levels, as investors saw a much stronger than expected report on consumer spending & a sharp improvement in the number of new jobless claims. Dow +1.18%, S&P 500 +1.37%, NASDAQ +1.09%. Global stocks are hitting new record highs on Friday, after strong U.S. & Chinese economic data bolstered investor expectations of a solid global recovery from the coronavirus-induced slump, as the year progresses. […]
Recap April 11: Elon Musk Uses Chips in Monkeys, Oil drops, Record Highs (Recap Ep118)
In this week’s recap, we found that almost all global markets ended higher, with an all-time high in the Dow and S&P 500, as U.S. Treasury yields fell after softer-than-anticipated labor market data, boosts tech & other growth stocks. New York City & state plan to increase taxes on the most affluent residents, despite top business leaders insisting the increases will backfire, by driving away top earners. Marginal income tax rates could be nearly 52% the highest in the nation, which would […]
Recap April 4: Tesla Beats Estimates – Financial Crisis 2.0? (Recap ep117)
In today’s recap, we see Tesla beating its delivery estimates and, are we witnessing the beginning of a new financial crisis like the one we had in 2008-2009? Tesla reported Q1 deliveries of 184K, a new record for the company. Analyst expectations were for deliveries of only 168K for the period. Tesla deliveries were almost entirely Model 3 & Model Y vehicles, selling just 2,020 Model S sedans & Model X SUVs. Model Y sales began in China starting in January. Model […]
Recap March 28: Ray Dalio Says Bitcoin Illegal, Rich Get Richer Poor Get Poorer (Recap ep116)
In this week’s Recap, we talk about how mega-billionaire Ray Dalio warned that Bitcoin could be banned by the U.S. Government. Marcello also explains how the 10% richer are getting even wealthier by controlling 97% of the capital income. The year 2020 saw the world suffer due to the COVID-19 pandemic & the global economy faced its worst recession since World War II. Yet, nearly 2/3 of the world’s billionaire class amassed even greater fortunes, with an increase of wealth of some […]
Recap March 21: Bitcoin Made Illegal, Kanye West Billionaire, Elon Musk Tunnels Florida (Recap ep115)
In today’s recap, Marcello talks about a new Crypto ban in India that might affect Bitcoin’s recent performance; Kanye West is now the richest africanamerican in the U.S.; and Elon Musk’s The Boring Company is working on a tunnels project in Florida. Bitcoin has fallen over -10% from a record high of over $62K to just over $56K, after it was reported that India will now propose a law banning cryptocurrencies altogether. The total number of bitcoins in circulation over the weekend, […]
Recap March 14: Tesla collapses, Record Highs, Storm blocks out Sun (Recap Ep114)
In this week’s recap, we found that US stocks were mostly positive, with the Dow achieving a fifth consecutive record up, despite doubts generated by the high national debt in the US, driven by the covid-19 aid package of Biden. Global shares were flat on Friday as benchmark debt yields climbed, helping to curb the latest stimulus-driven rally. Market optimism had helped Asian shares rise with Japan’s Nikkei up +1.7% but were lower in Hong Kong & India. It faded out in […]
Recap March 7: Tesla crashes, Texas Opens, New Vaccine (Recap Ep113)
In this week’s recap, we find several relevant and decisive events for the world economy, such as the approval of the stimulus package for coronavirus in the US for a value of $1.9T dollars. During the week, US equities were steadily lower as investors sought less risky assets, yet they rallied strongly on Friday. Global stocks were mixed. Oil prices surge to the highest level in 14 months on Friday, as OPEC & its allies extend production cuts for another month, despite […]
Recap February 28: Tesla Collapses, US Dollar in Trouble, Gamestop vs Robinhood Rd 2 (Recap ep112)
In this week’s recap, we’ll talk about the collapse of Tesla’s stocks, how the US Dollar is getting into trouble and how we are witnessing what seems like a second round of the Gamestop vs Robinhood situation. Shares of Tesla up +325% in the past 12 months, fell over -8% on Monday & by Tuesday had fallen some -7% more, to a weekly loss of over -15%, in worst market days since September, thus turning negative for the year, down a total […]
Recap February 21: Bitcoin Explodes $57,000, Texas Freezes, Inflation is Coming (Recap Ep111)
In this week’s recap, we found that global equities generally fell for a third straight session on Thursday, as signs of rising inflation led by higher oil prices and the strongest copper prices in nearly a decade held back reserved traders after stocks hit a record earlier this week. US stocks were also affected by growing inflation concerns, supported by rising new claims for unemployment benefits and negative sales data from some companies. As the price of a Bitcoin passes $57,000, the […]
Recap February 14: Tesla buys Bitcoin, Elon Musk Bonuses, Renewable Fail Germany (Recap ep110)
In this week’s recap, Marcello talks about the effects of Tesla buying a large amount of Bitcoin, how Elon Musk is getting even more bonuses from his performance as Tesla’s CEO, and how Germany’s green electricity generation is being affected by the unfavorable weather. Bitcoin +19.3% to $46,520.00 in the Tuesday U.S. pre-market on 02/09, as the cryptocurrency moves higher, buoyed by a $1.5B investment from Tesla, which has already brought the firm a +37% return on its investment. Rival cryptocurrency Ethereum […]