*This is sponsored advertising content.
Good Morning Everyone!
Remember bear markets are just a pit stop on the way to new highs.
Monday, Tuesday Quiet
Wednesday CPI inflation data, the street is at 8.8% headline, peak inflation?
Thursday JP Morgan reports Q2 earnings
Wed/Thurs Biden visits Saudi Arabia
US$ 107.6 New High Highest Since 2003
Crude 101 -3.5%
Commodity/Crude markets focused on China
Highly infectious BA.5 sub variant’s impact on China
Macau shut for a week, July 11-18), first closer since 2020, may last longer
Potential for Shanghai and some manufacturing provinces (Anhui/Jiangsu) to shut
Steel Rebar -3%
Iron Ore -3%
It’s official, this deal is heading to court
Auto loans are getting expensive
WSJ reported the average monthly payment for a new car loan hits an all-time high of $686/month in June
Auto stocks have been getting hammered
stock price has been cut in half since the beginning of the year
Valuation is 100% AWS and 0% for retail
As of June 30, 2022, Amazon had 172 million Prime members
Amazon put through a $20 increase in February
Bloomberg reporting today that Prime membership growth has stalled
This is like Netflix membership growth stalling BUT the Market is not paying anything for retail
G20 Finance Stability Board (FSB)
FSB called for new global rules for crypto this morning
Will submit report in October on regulatory & supervisory approaches to stablecoins, other crypto assets
Ethereum sees 3rd consecutive week of inflows
ETH had previously experienced an 11-week outflows streak
Increasing probability of “The Merge”
“The Merge” moves Ethereum from Proof-of-Work → Proof-of-Stake
Bitcoin remains rangebound
Fear & Greed Index is starting to improve, off Extreme Fear bottoms and back up to May levels
But still below its 200-week average
What used to be a tight correlation with the Nasdaq has faded – will the gap be filled? Which way?
MEME OF THE DAY
Which tickers are driving the conversation on Reddit?
Disclaimer: The publisher does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author or paid advertiser.
Grit Capital Corporation is a publisher of financial information, not an investment advisor. We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.
THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.
No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.
Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the publisher undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.
The publisher, its affiliates, and clients of the a publisher or its affiliates may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.