Goldilocks and Seeds of Wisdom
Goldilocks posted some comments on the market and more comments with links:
The markets are mixed this morning. Trump’s indictment was mentioned among economists this morning, but it is hard to know how much of an influence this will have on the markets at this time.
The Dollar is set for a quarterly decline as rate hike bets are expecting a slowdown.
Gold is on pace for its best month since July 2020 in part due to banking turbulence.
Tesla’s Elon Musk is planning to visit China. He is seeking a meeting with the Premiere.
Tesla is pursuing the building of a new US plant with Chinese battery maker CATL.
Consumer spending is up, but many of these figures have to do with inflated prices.
Some stocks are beginning to sell at discounted prices and lowering staffing needs. This looks good on the market charts, but it does not serve well in people’s pocketbooks. This accumulative effect will all have its say in the jobs reports in a little over a week.
Asian markets follow Wall Street higher ahead of US inflation updates.
Europe is cautiously higher ahead of EuroZone and US inflation data.
Oil is lower with market uncertainty over US inflation employment data.
Morgan Stanley’s strategist is beginning to suggest that it’s time for emerging markets to begin shining.
Many investors are looking to the east to fund projects inside the Emerging Markets.
A lot of focus has been on China turning to the east to reinvest with the decoupling taking place between China and the US markets, but China is not the only story taking place in the Emerging Markets.
Countries like Thailand, Vietnam, India, Saudi Arabia, and more are beginning to manufacture and challenge products of value in China.
The encouragement of Eastern influence and interdependence upon their own markets to grow collectively is creating new demands on their currencies and causing pressure points for them to raise in their values.
“Wyoming Stable Token Act Enacted Into Law”
Wyoming leads the way in creating a digital token that is equivalent to the US dollar.
This is not to be confused with the Central Bank Digital Currencies. It is a digital token that represents the state of Wyoming.
Inside this article, you will see a summary of the ACT that has just been signed into law.
Ground breaking New Gold-Backed Token S39G Offers a Unique Investment Opportunity for Crypto Investors Across the Planet
I will be back a little later today with more information on currencies and what it will take for us to exchange.
Source: Dinar Recaps
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