C3 Newsletter 6.16.22 | Brand New Stock Evals, FedEx has a great day, Crypto Free Fall, and a BIG Fed Rate Hike

Published: Thu, 06/16/22

HELLO C3 FAMILY

"And whoever will have scandalized one of these little ones who believe in me: it would be better for him to if a great millstone were placed around his neck and he were thrown into the sea" ~ Mark 9:41

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MARKET NEWS

Want C3 to morally evaluate your investments? Email us at suppport@christcenteredcapital.com

Crypto is in a free fall and some are wondering if it will ever recover. We think it will, but it will be a very long winter for digital assets. Anthony Scaramucci agrees with us.

Activist Investor prompts FedEx to add board members and raise its dividend payout which led to the best trading day for the company in over 30 years. This is proof that Active investors who want to see real change can do so if they have enough Capital (This would also work if a lot of small players worked together).

Fed Rate Hike of 75 Basis Points is here. This means that the bear market will only get worse, but hopefully inflation is curved, and the economy can stage off a widespread recession. The Investing Market may be the sacrificial lamb in this scenario. Either way, expect things to get worse before they get better.

Sports and the way fans watch sports is changing. MLS just agreed to a ten-year deal with apple TV+. More deals like this could be coming down the pike and means if you are both a Football and Futbol fan, you may need to have multiple streaming subscriptions to watch both. This will lead to sports organizations competing for supremacy and the battle could get ugly.

Pro-Sports attracts eyeballs like no other content in the world right now and the streaming King in Netflix is refusing to jump on the live sports band wagon. Some analysts think this along with other factors (Increased competition, Woke Mind Virus, and adding commercials) could spell doom for Netflix.

It is possible that gun reform could be coming. Republican Senate leader Mitch McConnel says he could get on board with what a bi-partisan group of senators are drafting up. We don't know all the specifics of what will be reformed, but it is a story we will watch closely.

Quick Hitters...

Compass, Redfin, and Coinbase are laying off employees and no one is surprised.
Mortgage Rates are now over 6% on average across the nation.
US retail sales fall for the first time in five months. This is not great but will hopefully help fight inflation.
15 million have been displaced because of the Russia-Ukraine War.

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All The Best & God Bless,

C3 Support Team