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Ramblings in todays newsletter:
✍️ The Great Freeze: When a Job Market “Stuck in Neutral” Isn’t So Great
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Hello, and welcome to your Wednesday! It's officially "Big Tech earnings season," which means it's time for billionaires to tell us how much more money they made while we were all busy trying to remember why our credit card bill is €1000 more than expected (Amazon Prime day 🙃).
Not everyone in tech is having a five-star week. Netflix shares took a 10% nosedive after reporting lower-than-expected net income. The culprit? A one-time tax bill of over $600 million from Brazil. Apparently, even streaming giants have to pay their taxes (eventually).
Meanwhile, Tesla reported a return to revenue growth as buyers rushed to grab expiring tax credits, but its earnings-per-share still missed analyst estimates. The company blamed higher costs from... you guessed it... restructuring and investments in AI. Even when they miss, AI is the reason!!!
Money Matters
Speaking of uncertainty, the International Monetary Fund (IMF) and global finance ministers have a new buzz-phrase for the world economy: "simultaneously resilient and fragile." In plain English? Nobody has a clue what's going on. We're not in a recession, but growth is sluggish, and the official forecast is basically a giant shrug emoji.
Science Scoop
While economists shrug, astronomers are looking up. We had a flurry of near-Earth asteroids buzz us this week, including one that passed at less than half the distance to the Moon. It’s just a fun, casual reminder that the solar system is a shooting gallery and we really, really need to fund those planet-hunting telescopes.
Elsewhere, the Gaza ceasefire is holding, but just barely. Meanwhile, North Korea fired another round of short-range ballistic missiles (its fifth launch this year), and European leaders are still just "calling for a halt" to the war in Ukraine. It's the classic global dance: one step forward, two steps back.
Our Money, Our Risk, Real Investment, No Advice
We pledged approx. €6000 for you to see the ups 😀 and downs 👎 War Experiment is stuttering but still leading the way
Market Watch
The markets this week felt like they’d had too much espresso and not enough sleep. Wall Street kept jittering between optimism and anxiety as investors tried to decode the latest inflation hints and central bank chatter. Tech stocks strutted back into the spotlight like they owned the place,again, while energy stocks quietly cashed in on rising oil prices. Over in Europe, traders braced for another set of earnings that could make or break the rally. And Bitcoin? It’s been doing its usual disappearing act, down one day, up like a rocket the next. In short, it’s been a week tailor-made for caffeine-fueled portfolio watching.
