Week of June 12

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Hey everybody!

I know it’s been a while, but I was trying to figure out a better format for the weekly info blast. Couldn’t figure it out, maybe next week.

Mostly Me:

 

Financial News

  • Markets went sideways this week (DOW 21,384 (+7% since Jan 2017); S&P 2,433 (+8% since Jan 2017); NASDAQ 6,151 (+13% since Jan 2017) with technology stocks continuing their decline. Oil trended lower to $45/ barrel (2013 $27/ barrel, 2008 $145/ barrel), and Gold declined a bit to $1253/ounce.
  • The Fed finally raised interest rates on Wednesday +0.25% to 1.25%. What does this mean? Not much, besides boosting Finance/ Bank stocks as they make more money with higher rates. Is there a change to mortgage rates? The current inflation rate is 2.5% (Fed target is 2.0%). I hope you get at least a 3% raise every year to beat inflation. There’s a chance the Fed will raise rates again this year.
  • Amazon buys Whole Foods Market for $13.7 Billion. Ugh!
VTI 3 Month Performance

Cryptocurrency:

Cryptocurrency Market Cap Since May 1, 2017

Other News:

 

Interesting Videos

 

Podcasts

  • Joe Rogan Podcast: Megan Phelps-Roper was a former member of the Westboro Baptist Church, well known for their bizarre protests. I found it fascinating to hear her stories about the church and how Twitter was a major influence in her mindset change. She is now a pseudo atheist and gives talks.
  • Unchained: Host Laura Shin speaks to Digital Coin Group’s Meltem Demirors. Great perspectives on the cryptocurrency “bubble” and some future application of the blockchain.

 

 

 

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