In this week’s recap we talk about Elon Musk saying it was time to go all out and bring the Tesla Semi to volume production making the stocks jump. Amazon, Apple, Microsoft & Amazon also reached new record highs. Tesla shares topped $1,000 for the 1st time ever on Wednesday & early Thursday with a market capitalization of over $190B, before falling back. CEO Elon Musk wrote to employees that it was “time to go all out” & put its Semi truck […]
Recap June 7: SpaceX makes history – Looks like a recover! (Recap Ep074)
In this week’s recap we talk about what looks to be like a recover of the markets with the NASDAQ reaching new record highs and 19 hours after SpaceX’s Falcon 9 rocket lifted off Saturday from Florida, the Crew Dragon capsule docked with the International Space Station. Hong Kong has its 1st $1B+ listing in over 6 months as Chinese internet company NetEase launched a 2nd listing that could raise as much as $2.8B. Hasn’t had a hiatus of billion-dollar IPO’s last […]
Recap May 31: SpaceX launches into space – Civil War in USA (Recap Ep073)
In this week’s recap we will mention two huge events that shocked the world. U.S. will reclaim sovereignty as a space-faring nation as astronauts Douglas Hurley & Robert Behnken, were set to leave earth from American soil, for the 1st time since 2011. SpaceX’s Crew Dragon has beaten Boeing’s Starliner to the finish line, in a chance to become the 1st private company to fly humans into orbit. The death of George Floyd, an African American man that was killed in Detroit, […]
Recap May 24: Contagion in Amazon – Earth’s magnetic field failing (Recap Ep072)
In this week’s recap, we found that the US stock markets were full of ups and downs, as at the beginning of the week the markets rose driven by a promising test of the coronavirus vaccine, but fell again midweek due to some reports skeptical of this vaccine, which added to the new wave of coronavirus outbreaks. Oil has a 4th weekly gain in price totaling 13%, despite a 2% dip on Friday. Investors are weighing improving supply fundamentals versus doubts surrounding […]
Recap May 16: Crisis 2020: Stocks fall on 2nd wave fears (Recap Ep071)
In this week, the main topic was the fears about the 2nd wave of coronavirus infections, which gripped financial markets, especially after a sobering warning from the World Health Organization that the coronavirus may never go away. Investors facing steep losses, due to the pandemic-driven shakeout in assets over the past few months, besides, they need to contend with renewed U.S.- China trade tensions. A rapid economic recovery seems ever more elusive with rising domestic unemployment. Bitcoin -0.9% to $9619.00 in the […]
Recap May 9: Warren Buffett loses $50 billion – Record unemployment (Recap Ep070)
In this week’s recap, one of the most important news was the loss of more than $50 billion by Berkshire-Hathaway in the 1st quarter, its worst quarter in a decade, with its CEO Warren Buffett admitting the $6.5B recently divested investment in the airlines, was a mistake. However, the firm still retains $137B of cash on hand, with a market capitalization of some $444B. World shares rose on Thursday after China’s exports came in far stronger than expected, suggesting an economic recovery […]
Crisis 2020 Stock Market Crash Coming? Monday May 4th it Will
In the stock market we had a very spectacular month of April: the best month for the Dow since 2002, which is the main stock exchange in the US; the S&P 500, which is the stock exchange we mainly trade, had its best results since 1974; the NASDAQ, the technology one in the US, had its best month since 1987; and now, on Saturday May 2nd, Warren Buffett, “the Oracle of Omaha”, reported during an interview that he sold all his shares […]
Recap May 3: Tesla stock crashes by Elon Musk Tweet – Economies start opening (Recap Ep069)
During this week we saw how economies started opening again after the coronavirus driven shutdown, World stocks are having their best month on record Thursday, with encouraging early results from a coronavirus treatment trial using the drug Remdesivir & expectations of more European Central Bank (ECB) stimulus later in the day, helping to ease the economic & financial pain of February, March & early April. U.S. stock markets are on course for the best monthly performance in years, the Dow at the […]
Recap April 26: Economic Crisis 2020 continues – will continue until Dec (Recap Ep068)
The economic crisis of 2020 is still going. The global economy is expected to shrink by -3.0% during 2020, in a stunning coronavirus-driven collapse of activity, that will mark the steepest downturn since the Great Depression of the 1930’s. The IMF predicts a partial rebound in 2021, with the world economy growing at a +5.8% rate. Oil prices were crashing Tuesday after a full collapse Monday that saw U.S. crude futures plunge below zero, for the 1st time in history. The May […]
Recap April 19: Economic Crisis is just starting – Stocks Explode (Recap Ep067)
During this week, the U.S. Commerce Department said that retail sales fell 8.7% last month, more than expected, & another indication that the coronavirus is taking a huge toll on the U.S. economy as consumers resigned in spending on goods ranging from cars & clothing to meals at restaurants. It’s the biggest monthly decline since the Commerce Department started keeping records in 1992 & comes after reports that nearly 17M Americans have filed for 1st-time unemployment claims in recent weeks. Global markets […]