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"When I Move, You Move!"
Issue #32
Hi There! Music has always been my second love language, and this weekend, while going through some packing, I stumbled upon a treasure: the CD of my last recording with Spice Island Youthquake. It was an amazing time when we embarked on our 1998 summer tour across Europe, captivating audiences in England, Scotland, and Ireland. As one of the guitarists, I had the incredible opportunity to share sweet sounds of Grenada with the world. The memories of performing on illustrious stages like the National Concert Hall, Dublin for sold-out crowds are forever etched in my heart.
Spice Island Youthquake 1998 Recordings - Music from Grenada.
Alright, let's dig in!
Investors closed out last week with a smidge of bullishness as the S&P 500 managed to escape bear market territory with a 20% gain from its recent low. However, the choppiness in the market continued. The focus now shifts to whether the S&P index can successfully open and maintain its position above the key 4,300 level.
Other key highlights from last week:
Oil ended in the red despite Saudi Arabia attempts with a production cut
Bitcoin investors get robust returns in May
Mark Cuban partners with Book.io to launch his book as an NFT
Gary Vee predicts NFTs have the potential to change real estate and more
Web3 and the Future of Music
It’s a huge week ahead. Watch out for the following:
Investors are eagerly awaiting this week’s updates on inflation from the Consumer Price Index (CPI) on Tuesday June 13th. Also, the Producer Price Index (PPI) release and Federal Reserve Interest Rate Decision are scheduled for Wednesday June 14th .
Other U.S. economic news to pay attention to includes Retails Sales and Initial Jobless Claims.
Earnings releases are very light this week. Most notable companies include Oracle (NYSE: ORCL), Adobe (NASDAQ: ADBE), and Kroger (NYSE: KR).
The high-impact global news events to keep an eye on include the UK Unemployment Rate and Gross Domestic Product (GDP), as well as European Central Bank (ECB) and the Bank of Japan (BoJ) Interest Rate Decisions. China also has the following releases to pay attention to: Unemployment Rate, Retail Sales, Industrial Production, and New Loans.
Next week's anticipated bias (not financial or investment advice):
Monday (06/12/23) - Expect volatility and whipsaw
Tuesday (06/13/23) - Bearish
Wednesday (06/14/23) - Trade after 1p CST
Thursday (06/15/23) - Bullish
Friday (06/16/23) - Pay yourselves - Take Profits
Trading Tip: Day Trades and short swings in the month of June!
Week 06/04/23 - 06/10/23 Recap
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Disclaimer: This newsletter is strictly educational. The information provided in this report does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the report’s content as such. Please be careful and do your own research.