Good evening.
Goldman cuts growth forecast, Jamie Dimon calls Bitcoin worthless (again), and earnings season begins.
Let’s dive in.
Markets
Here are today’s market moves:
What Happened?
U.S. stocks fell on Monday as Goldman Sachs cut its U.S. economic growth forecast for 2021 and 2022.
Q3 earnings season kicks off this week, with big banks announcing their results in the coming days.
Investors will be paying close attention to forward guidance and how price increases are affecting companies.
Inflation continues to be a top concern for investors. U.S. crude closed above $80 a barrel on Monday for the first time since 2014.
The crypto market climbed on Monday, with Bitcoin trading near $57k, as speculation builds that the SEC will soon approve a bitcoin futures ETF.
Catch Up
The CEO of JPMorgan Chase says Bitcoin is worthless and government regulation is coming for crypto.
Elon Musk’s SpaceX is now worth $100 billion, making it the second most valuable private company in the world.
Nearly half (46%) of the global population has received at least one dose of a Covid-19 vaccine.