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03Aug2021 Market Close: Wall Street Closed Sharply Higher After Morning Rout, DOW Up 278 Points, Nasdaq Up 0.6%, Bitcoin Slips 37900, Dogecoin Lower $0.19


Goldman says stagflation risk rising, hedge for large equity drawdown (SPY +0.8%). Stocks tanked in the pre-market before Factory Orders printed with better than expected but entirely decoupled from ISM.
The Market in Perspective
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Theres A New Battery King And Its Minting Billionaires Faster Than Google
After an almost surreal 15-month stretch that saw its market value balloon 17-fold, Tesla Inc. (NASDAQ:TSLA) has come back to earth this year and appears in desperate need of some inspiration to get going again. TSLA, along with the majority of its green energy peers, has been seriously lackluster in 2021, managing a mere 0.6% gain in the year-to-date as the stock continues to consolidate after crazy gains in 2020. Even the companys latest earnings report has only managed to elicit a small post-earnings afterglow despite Tesla enjoying yet ....

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