Social Media Spotlight: 10/13/21

Congrats! You already made it to the middle of your workweek.

This is my first time doing a post of this nature on Substack, but they’re one of my favorites.

Social Media Spotlights will be once-weekly summaries where I share some awesome posts (typically tweets) that are relevant to market-moving news.

Quick shoutout to the first 30 people that responded to my Week Ahead post and requested a free copy of The World’s Simplest Stock Picking Strategy:

Daniel P. (FL), Ryan W. (TX), Sean K. (CA), Michael L. (GA), Aditi L. (NJ), Anita U. (CA), Vishal C. (NY), Kaylee S. (PA), Ananth N. (VA), Garrett W. (RI), Madison U. (TX), Travis M. (CA), Griffin K. (IL), Daleysis T. (CA), Tyler M. (CA), Jeffrey K. (CA), Sharissa V. (GA), David F. (AR), Virginia M. (WA), Asa H. (CA), Jeremy S. (FL), Dawson F. (IA), Joel H. (TX), Loren W. (MD), Brian R. (CA), Izek G. (GA), Rita H. (CA), Brady K. (FL), Santhosh R. (CA), Derrick A. (AZ)

I’ve forwarded this information to the publisher and they should be sending the books out shortly.

As always, feel free to join my free texting community to receive post updates, special events links and an alert for our next giveaway: 615-802-9495

Themes: 

• JP Morgan (JPM) and crypto

• Supply chain issues

• Netflix’s most popular show ever: Squid Game

• My favorite tweet of the past week

🌐 JP Morgan’s Mixed Signals Regarding Cryptocurrencies:

Time and time again, Jamie Dimon has spoken negatively about Bitcoin (BTC)…

and time and time again, nobody has really cared. While Dimon may not be a fan personally, it’s clear that JP Morgan has already made serious moves - investing at least $206 million in crypto and blockchain companies:

I would never have an issue with the average person being skeptical of cryptocurrencies as a whole. There’s a lot to unpack and it can be confusing. But the leader of the world’s largest bank?

He has to know that blockchain technology solves so many issues for everyday people, and he knows just as well that it could take a significant portion of his business away (particularly through DeFi). This simply has to be intentional FUD.

JPM isn’t just a bank, it’s a full-blown tech operation. Artificial intelligence, machine learning, and yes - blockchain technology are becoming a bigger part of what the companies does as each quarter goes by.

Regardless of what he says to the media, Jamie Dimon does not actually believe that Bitcoin is worthless. Someone this smart simply cannot. Speaking of which, here’s an interesting response…

⛓ Supply Chain Issues Could Impact the Holidays:

Container ships being backed-up off the coast of California have been a problem for quite some time now, and it doesn’t seem to be improving. The report below is from the end of August:

About 6 weeks later, and Business Insider reported that Los Angeles had nearly half a million 20-foot shipping containers (about 12 million metric tons of goods) just waiting in the ocean for a spot to unload.

While the greatest delays are in the Golden State, other ports are facing crises as well. Georgia, New Jersey, New York, and Texas ports are also feeling the effects of record-breaking backlogs:

Maybe I should be ordering my Dad’s annual Xmas slippers instead of writing the rest of this post 😅.

🦑 Netflix’s (NFLX) Most Popular Show Ever (No Spoilers!):

If you haven’t heard, Squid Game is a South Korea-based Netflix original that has taken the world by storm. I will say, this is an extremely violent and gory show - viewer discretion is advised. (I’ve always wanted to say that)

I’ve been very critical of NFLX due to the amount of money they need to spend on production and customer retention over time. The success of this show doesn’t necessarily change my conviction, but hats off to a major winner… even if it is an incredibly messed up show.

One last thing - ‘45.6 billion won’ is a critical statistic in the show. I personally found myself googling the conversion to USD, so I decided to see if other people had been as well:

It’s truly wild how much this has blown up.

Last but not least, my favorite tweet of the week👇.

🥈 Musk Trolls Bezos:

Nothing better than seeing the world’s richest man throwing shade at the world’s second richest man.

Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.