Markets
Here are today’s market moves:
S&P 500 up 0.52% to 4,319.94
Dow Jones up 0.38% to 34,633.53
Nasdaq up 0.13% to 14,522.38
Bitcoin: $33,663
US10Y: 1.466%
What Happened?
HOOD S1: "Robinhood's business may be adversely affected, and growth in our net revenue earned from cryptocurrency transactions may slow or decline, if the markets for Dogecoin deteriorate or if the price of Dogecoin declines"
One of wealthiest guys I know tells everyone he’s a janitor.
Dude makes 50k/day.
Has a basic car, invests it all.
I once asked him: “bro, why do you never flex?”
He laughed, smiled, and said:
“Because I know who I am.”
Major lesson here
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge, doo, doo, doo, doo, doo,
Baby Doge
Highest government debt as share of GDP, 2020.
Japan: 237%
Greece: 177%
Lebanon: 150%
Italy: 135%
Singapore: 126%
Portugal: 117%
Angola: 111%
Mozambique: 109%
US: 107%
Jamaica: 103%
Belgium: 98%
France: 98%
Congo: 98%
Cyprus: 95%
Spain: 95%
Bahrain: 93%
Jordan: 92%
Egypt: 90%
Doge trading made up more than 1/3 of all of Robinhood's crypto trading revenues in Q1.
Absolutely wild
This Week
Monday: Earnings expected from Jefferies, Herman Miller.
Tuesday: Earnings expected from FactSet.
Wednesday: Earnings expected from Bed Bath, Constellation Brands, General Mills, and Micron Tech.
Thursday: Earnings expected from H&M, Walgreens. Weekly jobless claims.
Friday: June jobs report released.