Yet, another slump in the market to start the third full week in July. Yet, the dollar has reached parity with the Euro and is expressing its dominance as king of currency throughout the world. This is happening because the fed keeps hiking interest rates here in the states much more aggressively than other parts of the world. The dollar is looking more attractive to people despite inflation remaining pretty high. in conclusion, American Tourists are happy and European countries are less than thrilled.

 

Apple is slowing hiring and spending less on growth. This is what the report from Bloomberg said that dealt a major blow to the US stock market yesterday. Why did bad news for apple hurt the whole market? because Apple is the largest public company in the US and the second largest in the world. 

 

As of this past Saturday, retail gas prices have fallen for 32 days straight. Are low gas prices here to stay? for the rest of the year...maybe. However, more sanctions are going to come down on Russian Oil in December and this could lead to spikes in gas prices in the surrounding months.

 

FTX is one of the major crypto exchanges in the world and the CEO, Sam Bankman-Fried, is laying out practical reasons for Cryptos in hopes of converting skeptics. His main point, Crypto is not just a buy and hold asset, it has real utility.

 

Netflix is predicted to lose millions of subscribers in their earnings report and ads are the streaming giants last resort to return a profit. Netflix once claimed it would never have ads, but all is fair in the streaming wars. Netflix losing dominance in the streaming space is something us Christians should be mildly worried about. Netflix is not a positively rated moral company by C3, but it has fought against the woke-mind virus as of late and that is more than can be said for their biggest competitor Disney+. If Disney continues to go down the woke transgender ideology path and they beat out Netflix that has offered up some resistance, that could spell even more disaster for the culture. Partnerships that Disney has with other providers like Hulu has given them a clear advantage as of late in the streaming wars.

 

Ahead of a major earnings week both Tesla and Nvidia stocks are predicted to go higher. Tesla flirted with a positive moral rating from C3 for a little while, but then they offered to cover abortion travel expenses for employees, and they went right back down to RED rating territory. Nvidia on the other hand is still teetering on the border of a PURPLE rating. Nvidia has been silent on the overturning of Roe V. Wade. 

 

The fight over Chip production...China vs. The US. No, we are not talking about Doritos vs some Chinese knock off, we are talking semiconductors. The US used to produce about 37% of the world's chips but now it only produces 12%. on the other hand, China has ramped up its chip production to meet 10% of world demand. The US Senate is working on a bill that would hopefully incentivize and bolster chip manufacturing on US soil.