Weekly Market Rollup Nov Week #1 2021
Elon to solve world hunger? Dog sold for $25k, China goes for Nuke & food crackdown. HK property tanked! Tencent & Microsoft Metaverse. Amazon sells space internet, Netflix = Video Gaming, BTS -> NFTs
Hi, I have a question for you.
Would you rather have $30 million or 30 million loyal friends?
I would share my opinions at the bottom of this article 🔚
Let's start with what happened this week, and The challenger got challenged. When the Director of the UN food scarcity organization said, 2% of Elon Musk's wealth could solve world hunger, Elon responded in a tweet below;
Fun fact: in 2020, the UN raised about $8Billion, yet they still can't solve world hunger.
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Btw, A Shiba Inu Dog named Deng Deng that was abandoned by its owner back in 2018 was sold for $25,000. This happens after the Shiba Inu Cryptocurrencies show up in price this week, making its spot on the top 10 cryptos in terms of market cap.
1: The Green Future
India Target of having net zero emission by 2070
This means India will clean up most of their Coal reliant.
Fact: More than 70% of India's electricity came from coal power plants.
2: China The Asia Dragon
China's Tiger Moms have a new focus - Sport.
In official documents released late July (in Chinese), President Xi is focused on boosting exercise as childhood obesity increases. They also banned academic tutoring during weekends & holidays and ordered schools to reduce schools workloads.
This has resulted in a boom for 33,000 newly launched sports and art outlets.Â
Fun Fact:Â More than half of China's schoolchildren are short-sighted, and nearly one in five between the ages of 6-17 is overweight or obese- National Health Commission
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China next crackdown = Food!
The latest campaign to reduce excesses across society. Diners mustn't order more than they need, and consumers should report restaurants being wasteful. Furthermore, Firms will be banned from hosting lavish feasts "in the name of meetings and training.
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Pricier Food in China - Winter in coming.
China authorities encouraged people to store some essentials in preparation for the winter months or emergencies.
However, the Ministry of Commerce official said the supply of daily necessities is sufficient everywhere, and the supply should be fully guaranteed.
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Going nuclear
China is planning to build at least 150 new reactors in the next 15 years, which will cost as much as $440 billion, more than the rest of the world has built in the past 35!Â
China will surpass the U.S. as the world's largest generator of nuclear power as early as 2025.
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Chinese Government is looking to take over South China Morning Post.
SCMP is an influential Hong Kong new publisher. Half of the city's journalists are considering leaving following Beijing's crackdown) on free speech, press, and assembly in HK.
3: Asia, truly Asia
Landlords in Hong Kong are crying.
The days of leasing stores for $1 million a month are over. Rents in three of the city's prime shopping areas are near the lowest in more than a decade. Stores that used to sell Swiss watches are now peddling budget mobile phone devices.
4: Freakonomics
Everyone is rising price except Emerging Market Asia.
EM is a haven. Maybe we can see international order coming into the emerging market region.Â
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As the economy reopened, Real gym triumphed over the virtual gym
Peloton was once a covid 19 darling Posts Biggest-Ever Stock Wipeout and the share down 43% this year.
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5: Market @ A Glance
KLCI
As a whole, Malaysia's stock has been underperforming in the general market. It's flat (moving sideways) the entire year. However, there is potential.
Technical: a measured move up will bring KLCI to the 1890 region. In the near term, pressure is still bearish.
6: Supply Chain
Sad Batteries. ðŸ˜
The surging commodity prices are starting to be higher. The cost from cathode materials and electrolytes to copper and aluminum foil all went up.
Will this increase the price of EVs?
7: Wheels on Fire
Electric truck maker Rivian plans an initial public offering valuing it at as much as $53 billion.
8: Tech Crunch
Meta Platforms Inc., the company formerly known)as Facebook Inc. is developing a smartwatch.
The Smartwatch comes with a front-facing camera and a rounded screen.
The camera suggests the product will likely be used for videoconferencing, a feature that would make Meta's device stand out.
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The Race for Metaverse→ Tencent is next!
After FB rebranded to Meta and prepared for metaverse expiration, China's Tencent Holdings Ltd. is prepping for a similar technological leap.Â
Tencent is the local publisher of Roblox Corp.'s gaming platform and WeChat super app; it hires developers to make futuristic immersive games.
How does metaverse works? See my 3 part tweets below.Â
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Microsoft’s Metaverse Is Coming
Microsoft will create a more corporate version of Metaverse where customers can share Office files and features, like PowerPoint decks, in the virtual world.
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Amazon’s will launch Satellite and sell Space internet in Late 2022
Amazon will Launch its Satellite which aims to sell consumers space-based broadband internet.
There are already competitors, such as Elon Musk’s SpaceX, Inmarsat Group Holdings Ltd, and OneWeb Ltd.
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Netflix goes big into Video Gaming.
The games are included in a Netflix subscription, and there’ll be no advertising or additional purchases required.
9: The New World: Crypto, Defi, Metaverse & Beyond
K-pop sensations group, BTS, is teaming up with South Korea's largest crypto exchange to offer NFTs.
The NFTs are one way to create a way to expand the fan experience by providing secure card ownership. Fans can collect, exchange displayed collectible cards globally. In addition, the NFTs card can be turned into a digital photo card with moving images and sound.
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Paypal co-founder regret not buying more Bitcoins
high price of Bitcoin indicates the economy is facing real inflation. At $60,000 per Bitcoin, Peter Thiel, the tech billionaire, PayPal co-founder, regretted not buying more bitcoins when the price was lower.
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NYC Mayor-Elect Adams Says He’ll Take Paycheck in Bitcoin
10: Stock On the move
Who is the next Trillion Dollar company?
The top 6 trillion-dollar companies are stated below. Out of the 6 trillion-dollar companies, 5 of them are tech companies.
The most immediate competition is between $nvidia & Tencent
Both charts move in the opposite directions. But as we are all aware, the crash that happened in Tencent resulted from the tech crackdown by the Chinese government.
11: Opinions
Ok. going back to the question, would you rather have $30 million or 30 million, loyal friends.
My Answer: 30 million loyal friends.Â
I can easily ask for $5 from each of my 30 million friends, and boom! I have $150 million. Then I would use the money to open up any business and ask my 30 million friends to support my business. The money never stops flowing in!Â
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