Expect Market Volatility this Weekend

Catch Up Quick

• Coronavirus cases continue to rise across the nation

• > 90% of college students say they should pay less for online classes

• Bayer paid $10B to settle claims that its Roundup weedkiller causes cancer

• The federal government spent a record $8.6B on food stamps last month

• The parent company of Chuck E. Cheese filed for Chapter 11 bankruptcy

• Supermarket operator Albertsons raised $800M in a downsized IPO

• The head of the White House Economic Advisers is leaving at the end of the month

My Friday Opinions

• Fitch downgraded Canada's credit rating Wednesday, making it the 25th country to have its sovereign rating downgraded since March— lowering the investment-grade statuses of these nations will make it even harder to find buyers for their bonds, which will in turn make it harder to raise capital to fund actions

• To offset some of the negative economic impact from the pandemic, governments across the globe have announced massive fiscal packages and new borrowing— many investors have overlooked the downsides of such stimuli, such as the amount of global debt that is expected to surpass global GDP (no, you did not read that wrong)

• The Fed is cracking down on bank dividends and share buybacks in a way unseen since annual stress tests of the 2008 financial crisis— this is essentially the Fed’s way of saying that the financial system is it trouble if anything other than a V-shaped recovery occurs

• BlackRock slashed fees for its biggest S&P 500 ETF to be inline with the similar ETF offered by rival Vanguard— as the army of retail traders (referred to by some as Robinhood traders) develops investing experience, many will eventually flock to index funds, realizing the difficulty of outperforming the market, and this move by BlackRock aims to position themselves to compete with Vanguard in midst of that paradigm

Win a $40 Amazon Gift Card!

Tell Your Friends About Us!

• Over the past month, we have received a flurry of positive feedback

• Thank you for being an early member of our quickly growing audience

• We hope you have enjoyed our content!

• To continue our uptrend, our team is giving away a $40 Amazon Gift Card

Contest Details

• For every 2 friends you refer, you will receive 1 entry in the contest

• There is no limit to how many times you can enter

• The contest deadline is July 3rd (end of day PST)

• We will confirm the referred emails are valid and active (takes a few days)

• The winner will be randomly generated and announced on July 8th (1 pm PST)

How to Enter

1. Share our new referral page with friends (copy and paste URL)

2. Ensure your friends list you as a referral

3. For every 2 subscribed & validated referrals you will be entered to win!

ss
ss