This month has been volatile and it could go on for a while. Giant Tech companies are driving the stock market higher and creating a parallel universe right beside the economy which is feeling the impacts on the middle class and small businesses.
Gold, silver and oil were slightly under pressure. USD contiues to smoothoy devalue. Crypto recapped nicely by end of the week.
US farmers had their 3rd bail out and airlines are waiting in the line behind them for their second. US banks under $2 trillion scrutiny for money laundry lost momentum.
Federal reserve is targeting more than 2% inflation. Unemployment rates, raise in covid cases and the earning results didn't affect tech stocks.
TikTok went to Oracle. Snowflake and Unity are yet to fall. Tesla's hyped battery resulted in a slight sell off. Microsoft is planning to crush Sony by purchasing ZeniMax Media. Nvidia bought ARM. Walmart partnered with a drone service for delivering Covid kits. Nike returned to profit and its stock gained. Amazon announced a new gaming service, Luna Controller.
Jack Ma's Ant eying an IPO. Deliveroo, UK based food delivery is backed by Amazon and planning for IPO. Charge Point Inc. also announced its initial public offering road map.
Keep smiling and stay charitable.
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