Coatue leads Alchemy’s $80M raise.
New fintech groups form on scrutiny.
Coinbase buying data platform Skew.
Cboe Europe receives bank backing.
Evolution of European bond markets.
Apple is charged with antitrust breach.
Fidelity added digital asset analytics.
Deutsche Börse, Commerzbank team.
Wall Street banks ditch fax machines.
Wealthfront eyes a crypto expansion.
ICE sold its Coinbase stake for $1.2B.
Goldman has quantum breakthrough.
Paxos taps $300M to onboard clients.
Watch Out For This:
If you visited Apollon Nimo at his Detroit-based Parkway Chrysler-Dodge-Jeep-Ram dealership, you might have walked out with a damn good deal. In fact, your deal might have been too good to be true.
Bill, Melinda Gates planning divorce.
The first new US airline in a decade.
Ford, BMW lead Solid Power round.
‘Long-term solvency’ is a real issue.
Market Moving Headline:
Historically speaking, the period spanning May to October is generally weak. On average, the S&P 500 is up as high as +2% during this six-month period.
“Stocks are up more than 87% from the March lows, suggesting a well-deserved pullback during these troublesome months is quite possible,” LPL Financial Chief Market Strategist Ryan Detrick said in a recent blog post. “But with an accommodative Fed, fiscal and monetary policy, along with an economy that is opening faster than nearly anyone expected, we’d use any weakness as an opportunity to add to positions.”
Sawmills selling faster than they cut.
Ray Dalio on understanding money.
The knock-on effect of pricey copper.
GM making EVs in Mexico from 2023.
New York mayor envisions reopening.
Parking is devouring American cities.
Market Moving Headline:
Ford Motor Co. and EBay Inc. disappointed, while Facebook Inc.’s results took it to a record. Apple Inc. wiped out earlier earnings-driven gains on concerns about chip shortages. Amazon.com Inc. climbed after hours on a better-than-estimated revenue forecast, while Twitter Inc. sank amid a lackluster outlook.
Current has added a crypto roadmap.
German regulator warns on Binance.
Coatue co-leads crypto firm’s round.
Wealthfront could expand into crypto.
PayU: Global e-commerce outlooks.
Sterling Trading improves order tech.
Visa looks to enter into crypto heavy.
State Street appoints chief architect.
LendingPoint recognized, gets award.
ChinaFicc selects Genesis for access.
Liquid selects Celsius on crypto yield.
Public hosting a chat with Lemonade.
Rally has raised $57M for innovation.
Opera adding decentralized support.
Watch Out For This:
By 2040, a fleet of more than 30 million self-driving vehicles are estimated to be driving on roads globally. Yet today, even the most advanced autonomous features are limited and require driver supervision. Executives and industry experts say the missing link is cities, which need to be wired to funnel massive amounts of data to cars in order for them to meaningfully drive themselves.
EU will allow in vaccinated travelers.
Inside real-time police crime centers.
Countries promise rapid aid to India.
Market Moving Headline:
The S&P 500, Nasdaq 100, Russell 2000, and Dow Jones Industrial Average closed the week out basing, pricing in new information for the next directional move.
Key Takeaways:
- Ahead: Fed meeting, GDP and Sentiment, earnings.
- Markets balancing, position for directional resolve.
In the coming sessions, participants will want to pay attention to where the S&P 500 trades in relation to its $4,186.75-$4,110.50 balance area.
Any activity above (below) the balance area suggests participants are interested in discovering higher (lower) prices. Any activity within the balance area suggests participants are looking for more information to base their next move; in such case, responsive buying and selling is the course of action.