Transcript:
Tom Vaughan:
Hello everybody, welcome to Monday. The S&P 500 was up almost a .25%. All of the major indexes were up today; it was a pretty good day, as far as that goes. Two big pieces of information that I think you should focus on from today. Number one, is we have some very big companies reporting earnings this week. And so, the market will be a little bit unusual during these types of periods. And so it’s: Google and Amazon and Tesla and Apple and Microsoft and Facebook. So, a big chunk of the US economy is going to report this week. So that’ll be something to watch and see what happens.
During these calls, they give guidance as to what they see, that tends to be the biggest portion of the call when they’re meeting with the analysts, and what do they think’s going to happen this next quarter; the quarter thereafter? And what impact has inflation had on their bottom line. Those types of things that the analyst will be watching for, and so this could set the tone for the market a bit, we’ll see how that goes.
The other big news for the day really was that Bitcoin was up almost 12% today; that’s the biggest cryptocurrency. There was a rumor over the weekend, that Amazon might be taking Bitcoin in exchange for its for its goods. And this is a big deal for Bitcoin, mainly because you’ve got the situation where, how do you use it? And so, if Amazon is going to allow, that could be a big breakthrough for Bitcoin. Now, it’s just a rumor; we’ll see what happens. The only reason this is really important to understand is that even though we don’t have Bitcoin in the portfolio, for example, if I have a US based, stock market portfolio, I still have to pay attention to what’s happening internationally in the stock market, what’s happening in the world bond market, what’s going on with commodities, what’s happening with real estate, and what’s happening with Bitcoin.
For example, all of those are important to kind of consider, and see what impacts. So today, Bitcoin went up quite a bit, market still went up, so didn’t have an impact, per se. There was enough money on the sidelines coming in, to make up for whatever might have gone out to Bitcoin, but we’ll have to watch that, and that’s something that we’ll keep our eye on. So, interesting day. Look forward to seeing how these earnings play out and we’ll talk to you tomorrow. Thank you very much.