Stock Market = Inflation

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MARKET NEWS

• Gold = $1,719.85
• Silver = $21.56
• Platinum = $1006.50

Catholic Crypto Conference...Register using THIS LINK and Use Promo Code "MARC"

The Red Wave anticipated in the mid-term elections was not all it was cracked up to be. However, the government is definitely going to be divided with the GOP at least taking the House. And a divided Government is usually good for the economy. 

A divided government means that there will be government gridlock, and this usually bodes well for the Economy. With the power at be being restrained, the economy can operate naturally, and this usually produces positive results. The Libertarians among us are yelling OF COURSE IT DOES!!

META is experiencing more troubles as CEO Mark Zuckerberg admits that he was too optimistic in META's potential growth and hired way too many employees. Layoffs will be big. This seems to be a big trend in Big Tech.

FTX was once the darling of the crypto world, but now it is looking to be bailed out by rival Binance. Binance in return looks to be the dominant player in the world of Crypto Wallets.

TikTok is cementing its place in the world of entertainment and finance by being a major player in the music industry. Many artists and labels are struggling to find ways to monetize the platform. Sony and Universal both want bigger cuts.

Uber seems to be dominating Lyft. This insight comes after Lyft stock plunged even though the market as a whole rallied. The reason for the plunge is Lyft fell short of Wall Street's revenue forecast. Even though Lyft beat out its profit expectations the stock still plunged, because as C3 keeps saying, the stock market prices are not directly tied to any real production. Prices go up and down based on fear and speculation.

AMC keeps reporting losses even as movie goers continue to go back to the theater for blockbusters. 27% growth in sales is just not enough to recover for the movie theater world.

Panera is opening up "To-Go Only" locations in NY in an attempt to streamline their business and cut costs. If it pans out, expect less human interaction in the world as more non-traditional fast-food restaurants will follow suit. 

Midterm campaign spending went from $3B in 2018 to $16.7B in 2022. Many of the top 10 contributors are for the GOP but the top overall contributor by far is George Soros for the Democrats.

C3 does not approve of Stock Market investing, but these stocks seem to have the most promise at the moment due to the fears and sentiments of institutional investors...ARRY, RAMP, OM, and QUOT.

Trying to learn more about Crypto, or BTC specifically. Listen to this debate between Reagan era economist George Gilder and our friend Jacob Imam of Newpolity debate whether BTC is good for America.