Weekly Market Rollup Sept Week #2 2021
Taliban are back, China ban limit gaming for child, green stock on fire, FB build spec. Amazon build TV, Remote driving car instead of Uber? NFTs go lunatic. Crypto big drop. Is insurance an asset?
Dear Investors.
It was 2 decades ago when a plan stuck inside the world trade center after the terror attack. Today marked the 20th anniversary of the 9/11 terror attack. It is also the same period when the Taliban took over Afghanistan last month - but this time, they said they come in peace?
The Green Future
Chinese clean energy companies’ stock rallied as investors bet the sector will benefit from continued government support as President Xi Jinping’s goal to achieve carbon neutrality by 2060 and a peak in carbon emissions by 2030. This has kept investors positive about the clean energy sector.
China The Asia Dragon:
Regulators will temporarily freeze approvals for all new online games, a major hit for Tencent and Netease. The game crackdown causing more than $60 Billion bleeds.
Xi Jinping’s administration is waging a campaign to curb addiction among minors, reduce growing spending on virtual items.
The government released new regulations limiting the number of times children can play video games to three hours a week.
Market @ A Glance:
US equity vs. Crude Oil
On Wednesday, Banks are cautioning investors about the U.S. equity outlook. Morgan Stanley cut U.S. stocks to underweight, while Credit Suisse warned of extreme valuations and regulatory risk; Citi said any minor correction might be amplified, given the extent of bullish positions.
The market closed on Friday, with S&P 500 dropped 0.8% for its biggest weekly decline in 12 weeks. The price touched the 50% pullback line, Kijun (red line).
On the other hand, Crude Oil advanced. Chart showing Crude Oil is making a correction ATM, and we shall see the price rally soon.
Supply Chain:
Intel will dedicate a plant in Ireland to the production of automotive chips. The car industry is facing a severe shortage of semiconductors.
Based on last week's price movement, there is no buying opportunity.
All Crunch:
Amazon is building TV sets, & Facebook is making sunglasses.
Facebook unveiled its long-awaited smart glasses in partnership with Ray-Ban, allowing users to take photos and videos, listen to music, chat on the phone, and eventually embed augmented reality (AR ) into the Spec.
Amazon is building TV sets. Customers can ask Amazon’s Alexa to recommend a new show or play something from Netflix without opening the app or finding the remote control.
Apple Electric Car:
Apple Inc. appointed one of its top software executives, Kevin Lynch, the guy who runs Apple Watch software, to oversee its self-driving car project after the previous leader left for Ford Motor Co.
Apple Vs. Ford Chart.
Caution: Apple weekly chart forming Wedge Top.
You Can now order a remote driving car instead of Uber.
In Germany, a new company called Vay plans to provide a cheaper alternative to Uber that uses remote-controlled cars.
How does it work?
For a fraction of the price of an Uber, customers will be able to order a remote-controlled car, drive themselves to their desired destination and then get out, leaving it to a human Tele-driver miles away to either park the vehicle or steer it to a next client.
Twitter introduced a tool for private group conversations:
Twitter users interested in chatting about a particular topic -- such as dogs, weather, sneakers, or astrology can tweet directly to the group instead of to all their followers.
The New World: Crypto, Defi, Metaverse & Beyond
Bitcoin Shakeup.
On Tuesday, Bitcoin dropped almost -20% in 1 day before some trade got in to sweep the floor at $43,000. But still, in my opinion, this drop is not over yet.
If the recovery is slow within the “grey box,” we might witness another drop for bitcoin and other crypto-assets. (because all crypto move in tandem)
NFT Boom!
So you think you have seen enough in the NFTs space? How about some adventure gear in the form of a word that sells for $8.9K? 😅
Loot (for Adventurers) is a collection of images of texts naming random items in RPG games -- anything from gloves to a dragon’s crown has been sold from 0.7 eths to about 22.1 ETH, or about $87,715.
Personal Finance:
Americans say they're increasingly unlikely to be still working deep into their 60s—research pointing to a wave of early retirements triggered by pandemics and the recent US stock bull run.
Ok, Finally Pop QuiZ
Is your life insurance sum assured an Asset?
Question: Below is the cash flow breakdown of clients. Can you answer the question below?
Answer:
Why don’t we include life insurance as an asset?
Because an asset is something we can liquidate (turn something into cash), there is an exception; the “cash Value” inside an insurance policy can be counted as an asset.
Thanks all for today.
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