HeatMap Tues 10th 2023

-

 Check out today’s heat map:

10 of 11 sectors closed green. Communication services (+1.51%) led, and consumer staples (-0.13%) lagged. 💚

In crypto news, Coinbase rallied today after announcing its second major round of job cuts, impacting 20% of its workforce. FTX’s former engineering chief is reportedly looking for a deal from the Feds. And Gemini terminated its crypto yield product as its battle with Genesis continues. ₿

Comments

Post a Comment

Popular posts from this blog

Do Hard Things Why We Get Resilience Wrong and the Surprising Science of Real Toughness Steve Magness

-
Image
  Do Hard Things Why We Get Resilience Wrong and the Surprising Science of Real Toughness Steve Magness The way we think about toughness, according to Steve Magness, is all wrong. We traditionally define toughness as a combination of machismo, lack of emotion, and outward displays of dominance and control. But Magness claims that this "old-school" definition of toughness is harmful and that real toughness is defined by confronting reality, acknowledging your thoughts, feelings, and emotions, and using a multitude of strategies to cope with discomfort or adversity. In  Do Hard Things , Magness provides a new, more accurate, and more effective way of thinking about toughness, which will help you overcome challenges and make better, more thoughtful decisions. In this guide, we’ll explore why traditional ideas around toughness are not only ineffective but harmful. Then, we’ll look at Magness’ ideas on what it really means to be resilient, and we’ll provide strategies on how to ov...
Read more

UK Inflation and RPI

-
Image
  The interest rate is shown as a percentage of money borrowed or saved for a relevant period. By way of example, if you put £1,000 into bank savings account with a 1% interest rate, you would have £1,010 in a year. Source: Bank of England – 300-year History
Read more

How a Gigantic Free-Trade Zone Made America the World's #1 Economic Superpower.

-
Image
  “The United States Common Market and the Constitution: How a Gigantic Free-Trade Zone Made America the World's #1 Economic Superpower.” This chart shows how America gradually dominated the world economy: Was it the Commerce Clause? One of the lawyers there suggested it was the Commerce Clause in Article I, Section VIII that is the secret to America’s success. The Commerce Clause gives Congress the power “to regulate Commerce with foreign nations, and among the several states, and with the Indian Tribes.” But Section VIII of Article I of the Constitution tells Congress what it can do, and that is  interfere  with commerce. Unfortunately, the Commerce Clause has been a major source of ever-increasing authority by Washington bureaucrats, which alone would not necessarily make America great. As I told the audience, you can drive a truck through Section VIII of the Constitution, which gives the Federal government virtually unlimited powers to tax, regulate, borrow money...
Read more