Morning Market Download from Invincible Money

Personal finance + economics + markets

Staying on top of the markets, economics and the global issues that affect your money takes a lot of time and effort. We distill it down to a quick 5 minute read to help you make better money decisions.

End of the DollarIs the end of the dollar near? Watch today's video to find out.

EconomyPer the JOLT report, Job openings in the U.S. fell below 10 million (9.93 million) in February while the ration of openings to unemployed fell from 2 to 1.67 as the labor market tightens. There were 632,000 more open positions in January.

The Fed's Cleveland President, Loretta Mester, said she believes rates should go beyond 5% and stay elevated for "some time" and don't anticipate any cuts in 2023.

So far the year the U.S. and the E.U. have made moves to build more microchips at home. Now China is asking the WTO (World Trade Organization) to review the U.S.-led effort to restrict chip exports, saying its not fair.

Gold is very close to hitting all time highs thanks to inflation (over $2,000 per oz), the dollar losing some value, and global uncertainty. Bitcoin is up 70.63% YTD for the same reason.

NewsBanking crisis update: TD Bank is now the largest bank short thanks for traders scrutinizing the slowing Canadian housing market.

Teens don't care about VR (Virtual Reality). In a recent survy, 52% of teen said they were uninterested and only 4% use it daily. Meta spent $13.7 billion on VR last year and its headset sales dropped 12%.

L'Oreal is buying luxury skincare brand Aesop for $2.5 billion from Brazil's Natura & Co.

StocksEquities have rallied so far this year - up 7.23% largely lead by the top 20 stocks, accounting for about half of the gains.

CryptoBlackRock and Fidelity are quietly getting more into crypto. The CEO of BlackRock said there are very interesting things happening in the crypto space. BlackRock is the second largest investor in crypto. Fidelity's crypto platform went live last month to their very large client base. The CEO of Fidelity said if you believe in the use case, "when everyone else is dipping, that's the time to double down."

The spot-to-derivatives trading volume for Bitcoin is at an 11-month low, suggesting higher risk appetite and potentially more volatility in crypto prices.

Ethereum's Shanghai update is only 7 days away which could release $2.4 billion in selling pressure, however, some point out that the kind of investors who locked up their ETH for an unknown amount of time are not the kind that will be likely to sell when it unlocks.

Bittrex is shutting its U.S. operations and anyone holding assets there has been advised to withdraw.

Be a Better Investor

Investor Spotlight

Michael Burry (of "Big Short" fame), founder of Scion Asset Management, is known for his contrarian investing style, where he takes positions in companies that are undervalued and overlooked by the market.

Legal StuffNothing in this newsletter is financial advice. Always do your own research and think for yourself.