In this week’s recap, Marcello talks about the plans of Tesla to arrive to india, the new record highs reached by Bitcoin and a new fuel made of Carbon Dioxide. Tesla will come to India early next year says the country’s transport minister Nitin Gadkari. The electric-car maker will start with sales and then possibly look at assembly & manufacturing there based on the response of consumers. India has been looking to reduce its oil dependence & cut down on pollution, but […]
Market Recaps
Recap December 27: Bitcoin Surges, Tesla Dumps, Covid Mutant Strain (panic!) (Recap Ep103)
In this week’s recap, the US stock markets were mixed, as investor concerns over a new coronavirus strain in the U.K. and the U.S. President Trump called the $892B package a disgrace, demanding changes to the bipartisan legislation approved by Congress, specifically aiming for funding headed overseas, & the reduced direct payments to individuals (just $600) & families. Remains unclear if the items will be enough for him to veto the package. Trump wants $2K to individuals & $4K to couples. The […]
Recap December 20: Stocks & Bitcoin Record Highs, Tesla New Age (Recap Ep102)
In this week’s recap, the US stock markets were higher every day, on increased investor hopes of imminent passing of a coronavirus stimulus bill. U.S. stocks surge is pushing equity valuations near the highest levels in years, as investors try to determine if the rally signals an economic rebound or an asset price bubble amidst a global pandemic. The S&P 500 +15.22% in 2020, trades at 22x forward earnings, vs. the historical average of 15.3x. The tech sector accounts for near 28% […]
Recap December 13: Facebook Antitrust Lawsuit – Stocks at Record Highs (Recap Ep101)
In this week’s recap, the main US stock indices ended lower, after having reached all-time highs earlier in the week, as delays over a new fiscal stimulus package & surging coronavirus infection hurt investor sentiment, along with failure for a trade deal on Brexit. The European Central Bank is poised to deliver another round of monetary stimulus to help the Eurozone through the pandemic, adding €500B ($605B) more to the Pandemic Emergency Purchase Program & extending it by at least 6 months […]
Recap December 6: Tesla Profitable – Record highs in stocks & Bitcoin (Recap Ep100)
In this recap, the U.S stock futures end higher as weekly jobless claims declined, the upcoming vaccine approval process & investors looked to today’s monthly jobs report, as an indication that the economic recovery is ongoing. All 3 major indices ending at record highs, as the slowest U.S. jobs growth in 6 months raised investor expectations for a new fiscal stimulus bill to help further revive the economy. Global shares at record levels on Friday, set for a 5th straight week of […]
Recap November 29: Elon Musk 2nd Richest Man, Trump transition of power (Recap ep099)
In today’s recap, Marcello talks about Elon Musk becoming the second richest man after Jeff Bezos and surpassing the fortune of Bill Gates. Also, the Trump administration has allowed the beginning of the transition of power, putting an end to weeks of political uncertainty. Elon Musk the billionaire entrepreneur has added $100.3B to his net worth in 2020, surpassing Microsoft’s Bill Gates to become the world’s 2nd-richest person at $127.9B, after Amazon’s Jeff Bezos. The 49-year-old Tesla co-founder has the electric vehicle […]
Recap November 22: Tesla soars on S&P500 – Central Banks using crypto (Recap ep098)
In today’s recap Marcello talks about the great performance of Tesla’s stocks rallying in the S&P500 and also how Central Banks are growing interest into cryptos. U.S. based electric car company Tesla stock price surged +8.21% on Tuesday to $441.61 with additional gains early Wednesday. Tesla to become part of the U.S. index S&P 500 on December 21. Shares are up +428% in 2020, on a market cap of $419B. Means more cash on hand for the firm & +$15B more for […]
Recap November 15: Covid Vaccine! Election Results? (Recap ep097)
In this week’s recap, we talk about the effects in the markets of the announcement of the Pfizer-BioNTech new covid vaccine and also the unofficial election results published by the press that makes Biden the new president of the United States. The total value of the stock markets globally just hit an all-time high of $95T as of Wednesday. Stocks’ latest run to new highs was triggered by surprise news that Pfizer & BioNTech coronavirus vaccine was more than 90% effective. However, […]
Recap November 8: Election Chaos – Stocks Skyrocket (for now) (Recap Ep096)
In this week’s recap, we find one of the most contested presidential elections in US history, where the vote puts Biden as president, but Trump assures that he will execute certain measures to contest the election. US stocks closed much higher on Thursday, in a fourth consecutive day of gains for major indices, the best week since April. The shares of the main technology-related companies led the profits. However, the month of October ended negatively for the main US indices. In the […]
Recap November 1: Crisis 2020 – Stocks Dive Again (Recap Ep095)
In this week’s recap, Marcello talks about what seems like a repetition of the beginning of the coronavirus crisis, with the stocks market falling at record numbers not seen since months ago. U.S. stocks to record one of their worst weeks of the year. All 3 indices are in the red & on track for their worst performance since March, when the market tumbled under the 1st wave of coronavirus infections & business lockdowns. Asian & European stocks as well as commodity […]