Feb 6, 2022 • 2M

Market Thoughts - 02/06/2022

 
1×
0:00
-2:09
Open in playerListen on);
    Substack App
    Download MP3
    Get a private RSS link for listening
    Subscribe to The Lean Letter to get a private link for listening in your favorite podcast player. Learn about RSS.

Appears in this episode

Nick Conn
Bringing you insight on technology, crypto, and stock market investments.
Episode details
Comments

Hello Investors,

I wanted to shoot you a little update on some market trends and news that caught my eye. Keep in mind these are subject to change every day. The financial markets are very over-reactive. Any slight news can destroy the thoughts here.

Market Recap

Whew, what a crazy week of big-tech earnings. Looking back, it seems as if it was very mixed. Amazon with monster earnings, as expected, help throttle SPY and QQQ to end higher. Some commodities like oil are rising at a big rate, due to political turmoil.

All of this coming after SNAP had it’s first quarter profit ever, and Facebook acting as if it’s an alt-coin losing 50% of it’s market cap. What a crazy week to be out of the office. This isn’t even touching the Spotify turmoil.

Week Ahead

With another big earnings week ahead, the Labor Department is also expected to report consumer prices rose by 0.5%. Inflation still isn’t transitory. It never was. The expected number is 7.3% inflation.

Following most of the big tech earnings last week, here are earnings on tap this week:

  1. Disney - Wednesday

  2. Pfizer - Tuesday

  3. CVS - Tuesday

  4. Twitter - Thursday

  5. Pepsi - Thursday

  6. Coke - Thursday

  7. Peloton - Thursday

Let’s also watch the rumors swirling around that both Nike and Amazon are interest in acquiring Peloton.

Crypto Recap

Amazon earnings pulled the entire market green, even crypto. Bitcoin spiked to 43k and is sitting around 40k. If you are bullish for crypto, this is a very good sign. Millions of shorts were liquidated on this pump higher.

Oscillators coming back, I have started back accumulating as I am confident in these levels with Bitcoin and Ethereum.

There are a few new alt coin positions I am looking to get in. I will do research and update you all next week.

Have a good week and let’s make some money.

Latest News

Fate of ‘Millions of Taxpayers’ Hangs in Balance of IRS Crypto Staking Case. Read More

Ark Invest Seeks to Launch Venture Fund. Read More

Automakers, chip firms differ on when semiconductor shortage will abate. Read More

Facebook-owner Meta says it will pay new $2 million UK fine. Read More

Referrals

  1. Coinbase - Know someone curious about crypto? You’ll both receive $10 in Bitcoin when they buy or sell $100 or more on Coinbase!

  2. Hacking the Twitter Algorithm - Your first step solution to growing your Twitter account.

  3. Index Fund Investing 101 - Learn how to index completely autonomous in the stock market.

  4. DeFi Cultivator - This set of videos will go through a few core concepts along with demos of swaps, liquidity pools, farms, and more.

  5. Too Much Money - This guide takes you step-by-step through the way I personally invest for dividend growth. It works the same way whether you have $100 or $100,000 dollars making this an approachable book for growing your income.

  6. How You Can Reach Financial Independence In 5-10 Years! - Route2Fi is going to show you the steps he is taking to reach financial independence, and now he is going to teach you to do the same!

You are receiving this letter because you signed up or purchased a course through me. Feel free to unsubscribe if you do not find this valuable.

Nothing in this email is intended to be financial advice. Always do your own research.

Share