New Stock Evaluations, An interview W/ C3's Founder, and a deep dive into the S&P.

Published: Wed, 08/03/22

HELLO C3 FAMILY

Christ is King. We are not.

MARKET NEWS

Want C3 to morally evaluate your investments or covering something we're not? Email us at suppport@christcenteredcapital.com

Biden has tested positive for Covid, again. He is being quarantined even though he has no symptoms. The completely vaxed and boosted president is one of the "few" that has caught a rebound case of Covid. More boosters will be pushed this summer from both Pfizer and Moderna with claims that they will work better than past boosters. Let's just say we here at C3 remain skeptical.

148 S&P companies will report their Q2 earnings, and the market will certainly react depending on where Activision Blizzard, Uber, DraftKings, CVS, eBay and Tesla all net out.

Hershey will not be able to meet the demand for candy this Halloween. Does anyone still think there is not a supply chain issue?

Chevy wants to pay people to stop flipping their corvettes for a profit. An interesting little phenomenon that points to the issues car dealers are having with supply chains and the current state of things.

Inflation is not letting up anytime soon despite the consistent rate hikes by the fed over the last few months. Check out these reports to learn more. We are in a recession despite what talking heads on CNN may say. Every economist knows that since the dawn of time a recession is defined as two consecutive quarters where the GDP declines. This is exactly what has happened. However, the NBER takes a more fluid approach to determining a recession, namely it's a recession if the powers at be tell us it is.

Quick Hitters...

Stocks are dipping for two straight days because of unease about Nancy Pelosi's trip to Taiwan. Pelosi landed yesterday in Taiwan and China has called it a "major political provocation."
Kansas voters unfortunately rejected an amendment that would remove abortion rights protections from the state's constitution.
Robinhood is letting 23% of its staff go, just after it let 9% of its staff go about 90 days ago. The reason...ambitious hiring practices during the pandemic.
Uber posts its first ever quarter of positive cash flow and its stock price was the big winner this week because of it.
CNN is projected to earn less than $1B in profit this year for the first time since 2016. CNN ratings are plummeting.
Tiger Woods turned down $700M from controversial LIV Golf league which is backed by the Saudis.

This Dude's Crazy Journey from Atheism to Catholicism While Working at the NBA

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C3 Support Team

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