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
What a week, that’s the only way to say it, right? If you were in for the ride last week, you experienced both the good and bad of the financial markets. Wall Street bled hard on the news of Russia invading Ukraine. If you “bought the invasion” you might’ve had a good bounce.
On Friday, Wall Street rebounded from the sell off from the invasion, gold prices dropped, and treasury yields slipped.
Week Ahead
The weekend had some critical news come in, with all of the sanctions across the Western Countries, Russia’s market and ruble (their currency) have dropped close to 40%. This certainly does have effect on the US stock market.
Futures are very bloody this morning, with VIX being up almost 9%. Let’s watch what happens at market open and react from there.
The US Labor Department will release their employment report for February on Friday. The unemployment rate is expected to be better by 0.1%, being at a 3.9% unemployment rate. This will be positive news in the light of all the bad swirling.
More earnings this week.
Target - Tuesday
Dollar Tree - Wednesday
SalesForce - Tuesday
Broadcom - Thursday
Baidu - Tuesday
Crypto Recap
It has been a crazy two year ride for crypto, but crypto is showing its use cases in real time. No matter the short term volatility, crypto will always be there.
Long term, we are still following the oscillator from last week. Buy your favorite coins that are good projects. I love AVAX, LUNA, ETH, NEAR, FLUX. Those are the one’s I am watching now.
Have a good week and let’s make some money.
Latest News
Drug distributors, J&J agree to finalize $26 bln opioid settlement. Read More
Russia Erects Financial Defenses as Sanctions Hit Banks, Markets. Read More
Ukraine Crisis: The West Unleashes SWIFT Bans Against Russia, as Pressure Against Russia Builds, so Does the Role of Crypto. Read More
First Mover Americas: Bitcoin Shows No Signs of Panic Even as Worst Case Scenario Looms. Read More
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Nothing in this email is intended to be financial advice. Always do your own research.