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Investro Tea: Week #35

Tennis US Open is starting this week its 141. journey. It is not only the last grandslam tournament of the year, but it is also the first one in more than two decades without Federer, Nadal or Serena Williams. Well this only shows that everything in the world slowly changes. The same applies to the markets.

News from the US

The US is without any doubt still the most important force in the markets and global economy and this will not be changed even after U.S. forces leave Afganistan.

Chairman of the Federal Reserve, Jerome Powell, has already stated that Fed will be creating a new policies this year that should stimulate the economy (but the direction of the stimulus is not clear yet). This might still have a huge impact on the inflation and its future levels. More about this in the following article from WSJ .

Fed Chairman Jerome Powell Jerome Powell, Chairman of The Federal Reserve

American households have seen in July an increase in its average income levels by around 1,1 %, which is positive news. According to the analysts, this increase is higher than expected and shows that in near term the markets might be showing even more strength. Moreover, this increase in the levels was the highest since March. It is important to note though that the households received a tax relief in the amount of almost 1 600 USD per child (as a part of pandemic relief programme). Therefore, this increase in the "wealth" of households is probably not connected to actual increase in wages or income of the households, but rather to the decrease of tax duties.

It is interesting to note though that the consumer spending has slowed down by 0,3 %. This is not the biggest number, however, it shows that the consumers are saving more than before. If you want to read more about this topic, follow this link .

Great deal is sealed

Affirm, a company that allows its users and customers to buy through loans (from amount of 50 dollars and higher) has sealed a deal with Amazon. Thanks to this news, the stock price of Affirm has skyrocketed as it rose by almost 47 %. Thanks to this partnership the company will be able to offer its products to tens of millions of customers. If you are more curious about this news, click here .

News from crypto markets

The price of BTC is still below 50 000 dollar mark. We have looked at the reasons why is that so in the following article, so be sure to read it .

It is also important to note, that SEC tries to understand DeFi (decentralized finance). The interest and intentions of SEC with the DeFi world are covered more in depth in the following article .

Jan is interested in business, technology and investment.

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