Deep Knowledge Investing - Weekly Points – August 4th, 2023 5 Things To Know In Investing This Week
Portfolio Pulse from Gary Brode
The article discusses several key financial events of the week, including the downgrade of US debt by Fitch from AAA to AA+, the plummeting of Japanese government bonds, the alleged manipulation of S&P 500 earnings, Saudi Arabia's extension of oil production cut, the bankruptcy of shipping company Yellow (NASDAQ:YELL), and the strong employment situation in the US. The downgrade of US debt and the situation in Japan could potentially lead to a sovereign debt disaster. The article also criticizes the White House's refusal to refill the Strategic Petroleum Reserve (SPR), which has led to Saudi Arabia and Russia cutting oil production.
August 10, 2023 | 4:01 pm
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The article alleges that S&P 500 earnings beats are manufactured lies, with many companies not seeing a rise in their stock prices despite beating analyst estimates for the second quarter.
The allegation that S&P 500 earnings beats are manipulated could potentially have a negative impact on the index. If true, this could lead to a loss of investor confidence and a potential drop in stock prices.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
The White House's refusal to refill the Strategic Petroleum Reserve (SPR) has led to Saudi Arabia and Russia cutting oil production. This could potentially impact the oil market and related ETFs like USO.
The decision by Saudi Arabia and Russia to cut oil production in response to the White House's refusal to refill the SPR could potentially lead to a rise in oil prices. This could have a negative impact on oil-related ETFs like USO.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Yellow (NASDAQ:YELL), a large shipping company, announced its bankruptcy. The company's cash flow problem was reportedly caused by threats of a strike by unions, leading to an immediate shift of companies to other shippers.
The announcement of bankruptcy by Yellow is a significant event that will likely have a negative impact on the company's stock. The immediate shift of companies to other shippers due to threats of a union strike has caused a cash flow problem for Yellow, leading to the bankruptcy announcement.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100