August 27, 2020
Tik Talk of the Town
Tik Tok is like the girl in high school who keeps getting asked to prom by all the guys but can’t make up her mind who to go with.
While Oracle (NYSE: ORCL) is allegedly in talks with White House officials and nearing the closing of a deal for the social media giant, Walmart (NYSE: WMT) has jumped out of the woodwork and claims that it’s actually working with Microsoft (NASDAQ: MSFT) to secure the deal.
Maybe the situation is shaping up to be more like the end of a heist movie than prom; with the news allegedly coming out in the next few days, we won’t be surprised if Coke was buying the company all along.
Jackson’s Hole
Jerome Powell unleashed the hounds of hell today by announcing that the would not be doing anything to check inflation. What this implies is rock bottom interest rates for the foreseeable future.
Of course, markets responded by running and running.
After all, if the only place you’ll get returns is in risk assets, why would you not invest?
Tech CEO’s Are Loaded.
At the market close today, Elon Musk crossed the $100B net worth mark and Jeff Bezos crossed the $200B mark.
Despite a global pandemic, tech companies seem to be rallying pretty hard and growing a very steady rates. With Tesla expecting a stock split, and Amazon absolutely dominating the online retail and cloud space we could see both Elon and Jeff reaching $500B within the next few years…… that's more money than the GDP of most countries in the world.
Risk Management
What does it mean to manage risk? How can you protect against the downside of any investment while still making money on the upside?
Tomorrow, one of our EVO Analysts will be going over an intro to risk management and responsible trading and investing.
To get in on the learning, click here to join our free channel and tune in.
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