Hello everyone! Welcome to this weekly roundup of
Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through what's been happening in
- NFTs like NBA Top Shot are fueling a trading boom in million-dollar sports cards. The CEO of a fractional sports investing platform breaks down $4.
- Bitcoin mining has taken some heat recently over how much energy it consumes. A Norwegian billionaire who just set up a $59 million crypto-investing unit explains why those concerns are overblown - and also breaks down his $4.
- Tucker Walsh and Rayna Lesser Hannaway's small-cap growth fund has returned 104% to investors over the past year. They unpack $4, and offer $4.
Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at jciolli@insider.com or on Twitter $4.
Your weekly outlook
This past week featured more tug-of-war in the stock and bond markets between fears of runaway inflation and confidence in the economic recovery. The highlight of the week was $4 as part of the central bank's rate decision, which seemingly soothed investor nerves and caused
Then the next day everyone seemed to get cold feet. The $4 spiked yet again to a more than one-year high, signaling renewed inflation fears. That helped take a 3% bite out of the tech-heavy $4 on Thursday. Now heading into next week the market once again finds itself seemingly rudderless and vulnerable to $4.
The input to watch this week will once again be the 10-year yield, which has become the foremost indicator of inflation fears. It's the highest since January 2020 right now. If investors continue to question Powell's insistence on $4, it could spike even more. Then stocks - namely tech - could tank further. Stay tuned.
$4
The rise of sports betting and NFTs like NBA Top Shot have fueled a trading boom in sports cards. Collectable is a trading platform that allows fans to buy fractional shares of valuable cards. CEO Ezra Levine breaks down $4.
Read the full story here: