Markets
Here are today’s market moves:
S&P 500 up 0.74% to 4,232.60
Dow Jones up 0.66% to 34,777.76
Nasdaq up 0.88% to 13,752.24
Bitcoin: $57,400
US10Y: 1.586%
What Happened?
#Fed balance sheet on course to $8tn. Total assets rose by 0.4% to $7.81tn in the past week. Fed's holdings of US Treasury securities rose by $25.66bn to $5.04tn, accounting for most of the increase.
JUST IN - U.S. Economy adds only 266,000 jobs in April, far below expectations of nearly 1 million that economists expected.
Goldman Sachs: “Bitcoin is not an asset class.”
Also Goldman Sachs: “We are launching a new cryptocurrency trading team.”
I attribute a lot of my success to running every major career decision through this test from age 20 onward:
Which route increases the odds of me being able to do whatever I want with 100% my time when I’m 35 yrs old?
This Week
Monday: Earnings expected from Estee Lauder and Lowes.
Tuesday: Earnings expected from CVS, Hyatt, Lyft, T-Mobile, and Under Armour.
Wednesday: Earnings expected from Etsy, GM, Paypal, and Uber.
Thursday: Earnings expected from GoPro, Penn National, Roku, and Square.
Friday: Earnings expected from DraftKings and Nikola.