Economy on 18.08.2023...
Market steams on and SpaceX lets bitcoin rauchen⤵️
The market deflated big time this week. The economy is stumbling, new orders are down, energy costs, inflation and so on. Over a week ago, I'm sure most of us had a portfolio that was at a high for a long time. But for me, the strong positive reaction of the market was very exaggerated all along and I used the time to build up cash. It could then slowly become exciting to get this piece by piece in the market. But such weeks belong to the stock exchange everyday life simply again and again with it. This reaction from the market, fits the current situation, rather than what ran 2 weeks ago.
The crypto sector is also strongly under pressure. Blame it on the news that SpaceX has sold a very large amount of $BTC
Bitcoin has sold. Now the assumption is that Tesla could be next. That then caused a big reaction in the market. There hasn't been this much liquidation since FTX. My reaction to this: transferred money to the broker. Negative news always hits 10x more than the positive. That's a lot more in the crypto sector again and always hits hard.
But now it's off to the weekend and what we should do is just switch off and next week the world will look very different again. Sit out, accumulate cash and slowly bring it back into the market and don't get crazy.
Eurex, Small expiration day for stock and index options
Economic data
08:00
- DE: Building permits June
11:00
- EU: Consumer prices July Eurozone PROGNOSIS: -0.1% yoy/+5.3% yoy Previous estimate: -0.1% yoy/+5.3% yoy Previous: +0.3% yoy/+5.5% yoy Core rate PROGNOSIS: -0.1% yoy/+5.5% yoy Previous estimate: -0.1% yoy/+5.5% yoy Previous: +0.4% yoy/+5.5% yoy
Without time data
- EU: rating review for:
Baden-Württemberg (Moody's); Bavaria (Moody's);
Berlin (Moody's); Brandenburg (Moody's);
Estonia (S&P); Estonia (S&P); Moldova
(Moody's); North Rhine-Westphalia (Moody's);
Saxony-Anhalt (Moody's); Switzerland (Moody's).
ex-dividend individual stocks
SDM SE 0.09 EUR
NOVO NORDISK A/S ADR 0.8128 EUR
WALGREENS BOOTS ALLIANCE INC 0.4415 EUR
Quarterly figures / Company dates USA / Asia
No time stated: Deere & Co Quarterly figures
Quarterly figures / Company dates Europe
07:30 Estee Lauder quarterly figures
11:00 Volkswagen: Group deliveries July
#quartalszahlen
#boerse
#börse
#aktien
#news
#newsroom
#community
#communityfeedback
#nachrichten
#täglich
#investieren
#wirtschaft
#politik
#inflation
#fed
#rezession
#mitverstandzumkapital
#krypto
#kryptowährung
#bitcoin
#ethereum
#solana
#zinsen
#ezb
#dax
#inflation
#dividende
#dividenden
#spacex
#ftx
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