Weekly Points – 5 Things To Know In Investing This Week
Portfolio Pulse from Gary Brode
The article discusses several key topics in the investment world this week, including the potential government shutdown, inflation, falling home sales, negative interest rates, and the performance of Las Vegas Sands ($LVS) in the wake of Macau's longest lockdown and a massive typhoon. The author suggests that the government shutdown is more political theater than a real issue, and that inflation is a problem that the Federal Reserve cannot solve. Home sales continue to fall due to higher interest rates and reduced affordability. Negative interest rates are deemed both dumb and unsafe. Lastly, despite recent challenges, Las Vegas Sands is expected to perform well due to the upcoming Golden Week in Macau.
October 04, 2023 | 4:39 pm
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Las Vegas Sands' stock has been down due to fears of a Chinese recession and a typhoon that temporarily hurt gaming activity. However, with the upcoming Golden Week in Macau, the company is expected to perform well as Macau is more than 80% booked for the coming weeks.
The company's stock has been down due to fears of a Chinese recession and a typhoon. However, the upcoming Golden Week in Macau, a time when many Chinese people celebrate by gambling, is expected to boost the company's performance. Reports suggest that Macau is more than 80% booked for the coming weeks, and the Chinese people returning to gamble are coming with a 'pent up bankroll', meaning they have more to spend.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80