 | | Concerning America's Currency Reset… | | | | | | It isn't happening in a vacuum…
Every country of economic importance — i.e. places like the United Kingdom… Mexico.. Canada… Japan… and France — are developing their own FedCoin, which could impact over $1.25 quadrillion in global assets.
Is your portfolio positioned, accordingly?
Because whenever currencies undergo a "reset," profits tend to be stratospheric.
To prepare for FedCoin's deep impact on society, Click Here. | |
| | |  | DOW 34,641.97 | -0.56% | | | | | S&P 4,496.83 | -0.42% | | | | | NASDAQ 14,020.95 | -0.08% | | | | | *As of market close | | | • | Stocks traded lower on Tuesday, following the long weekend. | | | • | Oil rose 1.3 percent, going for $86.68 per barrel. | | | • | Gold slid 0.8 percent, trading for $1,952 per ounce. | | | • | Cryptocurrencies traded lower, with Bitcoin at $25,682 at the stock market close. | | | | | | | |
| | | Bet on Asset Managers to Win as the Economy Grows Over Time | | | | The financial sector is dominated largely by banks, but there are other niches in the space that can be a better place for investors. That's because bank stocks can see massive declines during credit events. Or if a bank goes under, the stock can become worthless.
That's why other parts of the financial sector look reasonable. Many tout the insurance space. But asset managers are often an overlooked play.
» FULL STORY | | | | |
| | Insider Activity Report: PCB Bancorp (PCB) | | | | Sang Lee, a director at PCB Bancorp (PCB), recently bought 3,000 shares. The buy increased the director's stake by less than 1 percent, and came to a total cost of $47,100.
The director has been a recurring buyer over the past 18 months, picking up over 50,000 in shares in total and paying over $1 million. The last insider sale occurred in March, when a director sold 11,000 shares.
» FULL STORY | | | | |
| | Unusual Options Activity: Warner Bros. Discovery (WBD) | | | | Media giant Warner Bros. Discovery (WBD) sank over 10 percent last week, as the ongoing Hollywood strike impacted the sector. One trader is betting on further weakness ahead.
That's based on the April 2024 $10 puts. With 225 days until expiration, 10,265 contracts traded compared to a prior open interest of 129, for an 80-fold rise in volume on the trade. The buyer of the puts paid $0.95 to make the bearish bet.
» FULL STORY | | | | |
| | • | China Eases Mortgage Rules
China has eased its mortgage rules, with the goal of stabilizing its real estate market. The sector has been under pressure for years, as developer Evergrande teetered on bankruptcy before finally filing recently. Investors expect more stimulus measures to come out of China, given its slowing economy. | | | | • | Investors Expect Fed Pause This Month
Investors see a 90 percent chance that the Federal Reserve will hold interest rates steady this month. Traders are only betting on a 60 percent chance that the central bank will hold rates steady in November as well. The bank has heavily hinted at another rate hike this year, but with a slowing inflation rate and rising unemployment, the timing of such a move is still unknown. | | | | • | Cities Warn Cruise Ships on Overcrowding
A number of U.S. port cities have warned cruise ships that passengers may be overcrowding cities. That includes towns heavily dependent on tourism, such as Juneau, Alaska, and Bar Harbor, Maine, as well as internationally. Overcrowding may result in fewer ships being allowed to dock at such destinations in the future. | | | | • | Instacart Files for IPO
In a slow year for initial public offerings (IPOs), Instacart filed last week. The grocery delivery company would be one of the few companies in the space to go public. The IPO filing also detailed how much the company was spending on software services at companies such as Snowflake (SNOW). | | | | • | New Disclosure Rules for Venture Capital Pass SEC
The Securities and Exchange Commission (SEC) passed a new set of disclosure rules for venture capital firms in late August. While watered down from the original proposal, there could be more challenges for funds raising capital in the months ahead, and punishment for not following on the rules could fall on general partners, not limited partners. | | |
| | | | TOP | | | TSLA | 4.735% | | | | CF | 4.52% | | | | NTAP | 2.835% | | | | ORCL | 2.65% | | | | ZM | 2.649% | | | | BOTTOM | | | DVA | 5.738% | | | | ILMN | 5.429% | | | | PHM | 5.289% | | | | TCOM | 5.225% | | | | VFC | 4.814% | | | | |
| | |  | | It would be a mistake to look at [Friday's] employment report, along with recent data, and say the Fed is done. Even though trends in inflation are moving the right direction and a broader view of the employment market would indicate wage pressures should abate, overall economic growth is above trend and inflation remains well above the Fed's recently confirmed 2% target. | | - Steve Wyett, chief investment strategist at BOK Financial, on why investors should expect a further rate hike this year, even as the market generally doesn't expect an increase later this month. | |
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