Markets
Here are today’s market moves:
S&P 500 up 0.19% to 4,195.99
Dow Jones up 0.03% to 34,323.05
Nasdaq up 0.59% to 13,738.00
Bitcoin: $39,125
US10Y: 1.579%
What Happened?
Startups taught me more about life and business than I ever could imagine
Thread: 20 tips I wish I could give to my 20 year old self
Carl Icahn, billionaire and previous #bitcoin skeptic, now says he ‘wants to get into crypto in a big way’
A Central Bank Digital Currency (CBDC) is the opposite of a cryptocurrency.
It is the complete centralization of money, with no intermediary banks or monetary instruments, under the all-seeing state.
I keep my equity investing simple -
1. High quality + simple businesses only
2. Rarely buy, very very very rarely sell
3. Equal sizing of positions at cost
4. <15 stocks + <3 MFs
5. No AGMs, no concalls, only annual reports
Has worked really well for me for the past 18+ years.
#ECB balance sheet hit fresh ATH at €7.643.2tn as Lagarde keeps printing press rumbling. Total assets rose by €27.5bn on QE. ECB balance sheet now equal to 77% of #Eurozone GDP vs #Fed's 36%, BoE's 38.4%, and BoJ's 133%.
This Week
Monday: Earnings expected from Nordson.
Tuesday: Earnings expected from Intuit, Nordstrom, and Urban Outfitters.
Wednesday: Earnings expected from Dick’s Sporting Goods, Honeywell, and Snowflake.
Thursday: Earnings expected from BestBuy, Costco, HP, and Salesforce.
Friday: Earnings expected from Big Lots and Brookfield Property.