Markets reopen Monday with expectations fairly low to start out the week…
With markets taking quite the tumble at the end of last week and every sector in the red as of the market’s close on Friday, many investors are hesitant to make any drastic moves with their investments at this point in time as no one is quite certain what to expect from Wall Street in the next couple days.
Added to this recent market uncertainty that continues to present itself over the next few days, this week offers yet another batch of news updates that are sure to get the markets moving one direction or the other!
Big Names in Earnings This Week!
Monday marks the reopening of the markets after their turbulent final days of trading last week. Many investors continue to be eager to see what moves their investments might take at the opening bell Monday, hoping for the best but planning for the worst…
And as is custom in this field, this week many of said investors will be on the lookout for the latest batch of earnings reports that are to be presented to the public from a variety of well-known, publicly traded companies across the country. This week, we look to hear from the likes of IBM, Halliburton, Netflix, Coca-Cola, Johnson & Johnson, Verizon and many more! Many of these stocks are considered “blue chip” picks and, as such, there’s no shortage of investors who will be sitting on the edge of their seats to see what earnings updates these companies might be sharing with their stockholders this week.
Biden to Host Foreign Dignitaries
In Washington Monday, President Biden is expected to host King Abdullah of Jordan, Queen Rania and Crown Prince Hussein at the White House.
In a statement released by the White House, it was stated that “His Majesty’s visit will highlight the enduring and strategic partnership between the United States and Jordan, a key security partner and ally of the United States. It will be an opportunity to discuss the many challenges facing the Middle East and showcase Jordan’s leadership role in promoting peace and stability in the region. President Biden looks forward to working with His Majesty to strengthen bilateral cooperation on multiple political, security and economic opportunities that will be vital for a bright future in Jordan.”
Bezos Blasts Off!
In the ever-evolving story of space exploration and colonization, Amazon’s Jeff Bezos heads to sub-orbital space this week as his company (Blue Orbit) sends its first crewed spaceflight up aboard its New Shepard rocket.
Joining Bezos is his brother, Mary Wallace Funk (an 82-year-old female aerospace pioneer) and the company’s first paying space traveler, 18 year old Oliver Daemen. (At 18 years old, Daemen will be the youngest person to have to traveled to space at this point in time.)
The flight will take off at 8am CDT on Tuesday and will travel at an altitude of more than 340,000 feet above the earth’s surface.
As we recently saw with the Virgin Galactic Unity 22 mission, many space investors are hopeful that this week’s latest launch will once again spark market interest in the sector, pushing investments up for the near future.
Musk and Dorsey to Talk Bitcoin
Longtime supporter and crypto influencer Elon Musk will be sitting down with Twitter founder Jack Dorsey at the upcoming “The B Word” event. The two billionaires are expected to sit down for a discussion which aims to encourage companies and institutional investors to move to adopt the Bitcoin crypto as a traded currency.
Musk has made his opinions known when it comes to his take on the crypto market. Even going as far as to allow certain cryptocurrencies as payment in his Tesla dealerships. Yet, despite his apparent love of the crypto market, Musk has been known to rock the boat a bit when it comes to his full-on support of certain aspects of the industry… Specifically the mining practices that are presently required to produce the coins themselves. In a recent Twitter post, Musk condemned the crypto mining practices as dangerous to the Earth’s health and looked to use his massive influence on the sector as leverage to get the industry to change this specific aspect of production.
In addition, Musk recently appeared as host on Saturday Night Live where he made some passing remarks about competing crypto Dogecoin as being nothing more than a “hoax.” These comments were soon followed by the sinking of Dogecoin’s stock the following week, adding further proof that Musk’s influence over the crypto should not be underestimated.
Learn More Here…
Well, there it is, folks… This week in a nutshell.
… And as you can see, there’s no shortage of events that could very well turn this market completely around in the days ahead!
As such, we invite you to continue to stay on top of this week’s markets by joining DTI founder and 40-year market veteran Tom Busby below as he shares his professional take on last week’s market movements and this week’s plan of attack!
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