Weekly Market Rollup Oct Week #3 2021
Oldest person to space, Superman’s son bisexuals, Coal & Aluminium price 🚀, Climate change worst than Covid, 🇮🇳 Banned made in 🇨🇳‘S tesla. Fashion NFTs is the next big thing. Dolce Gabbana into 1st Nft
When William Shatner became the oldest person to go to space, and now superman’s son have a different love affair.
“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” -
The superman I grew up watching always stood for hope, truth, and justice. However, when Jon Kent came to the picture, the son of Clark Kent & Lois Lane painted a different reality as Jon Kent had a romantic relationship with Jay Nakamura in Superman: Son of Kal-El #5 (DC comic).
Maybe now everyone can see themselves in superhero comics regardless of sex, ethnicity, philosophy, and so on.
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1: The Green Future
Climate change's impact on agriculture is more grave than Covid and more chronic and complex
Right now, there are more farms for sale in Central California than before simply because of record heat and drought.
Some farmer turns their land into solar harvesting because water supplies dwindle and causing less food grown.
Consumers will need to adjust to price increases steeper than during the pandemic, and less-reliable supplies
Before:
After
Farming is now facing levels of risk never seen before. Let’s not mince words: Covid rattled our food system, but climate change could be a seismic shock.
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Meanwhile
China has started building a massive renewable energy project comprising 100 gigawatts of wind and solar. This project is bigger than all of the wind and solar power in India.
China also planning a 400-gigawatt project in the desert, with half the capacity to be constructed by 2025
2: China The Asia Dragon:
A Chinese regulator imposed a 3.4bn yuan ($534m) fine on Meituan for abusing its dominant position in the market. But the penalty did not affect its share price.
China Thermal coal futures surged. to a record high again as key mining regions are hit by flood on top of existing energy crisis. The question now, is the path to greener future is too rapid that put a risk to our economy?
3: Asia, truly Asian
India stock market is about to overtake UK’s
Thanks to record low interest & booming of the retail investor getting into the equity market.
India's market cap → $3.46 trillion, up 37% this year.
UK market cap → $3.59 trillion, up 9% this year.
We also see technology startup IPO flooded into the Indian market this year- one of the contributing factors. As a result, India's Capital market is expected to rise to $5 trillion by 2024.
4: Freakonomics
Inflation Meter:
America’s annual inflation rate climbed again in September to 5.4%. Before this, IMF warned that rising inflation reflected “pandemic-related supply-demand mismatches and higher commodity prices.”
Goldman Sachs Group Inc cut U.S. growth forecasts for this year and next due to a slow rebound in consumer spending.
China's export growth accelerated; Exports grew 28.1% to reach a new monthly record high. However, import growth slowed to 17.6%, below consensus, leaving a trade surplus of $66.8 billion.
China's largest maker of soy sauce by sales—will raise prices by as much as 7%
5: Market @ A Glance:
Dow Jones:
Hang Seng since the ’80s is above the very long-term trend line.
Energy Crisis - and demand for Crude oil keep rising.
West Texas Intermediate crude closed above $80 a barrel for the first time since late 2014 as a growing power crisis from Europe to Asia boosts oil demand ahead of winter. - Bloomberg
and not to forget
Aluminum jumped to its highest price since 2008. Aluminum is a high-energy intensive material. Each ton of aluminum takes about 14 megawatt-hours of power to produce, enough to run an average U.K. home for more than three years.
6: Supply Chain:
Joe Biden announced that the port of Los Angeles will follow Long Beach port to operate 24 hours a day to Battling a supply-chain crisis which is the main cause of the inflation pressure in the states.
The port of Long Beach (which is already open 24 hours), the complex, is the biggest entry point in America for products from China and South-East Asia.
Other big retailers like Walmart also pledged to work longer hours to keep goods flowing.
7: Wheels on Fire
India doesn't want Chinese Teslas.
The transport Minister said Tesla should "make cars in India, sell in India and export from India," and avoid selling China-made EVs.
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Recently BMW has been looking at options to include “sing in the car” karaoke in the car. In addition, other car manufacturers such as XPeng, Nio and BYD offer mics as demand for sing-along apps such as Changba is surging.
8: Tech Crunch:
Apple’s share price fell sharply amid speculation that it will reduce the production of its new iPhone 13 during the coming months because it cannot get enough chips to make more iPhones.
Even with a production slowdown, Apple still delivers a 3rd quarter record sales.
9: The New World: Crypto, Defi, Metaverse & Beyond
Buckle up. Fashion NFTs is coming next.
I would say this year is a year of NFT. The NFTs space has delivered $10.7 billion in sales 3rd quarter this year, and it is just getting started.
Forget about the PFP (profile picture) NFTs.. they are overrated and out of fashion with no utility.
Recently Dolce & Gabbana joined the NFTs space by auctioning their physical jeweled crowd coupled with an NFT, which sold for $5.65 million. Their jackets also sold for $300K a piece in Ethereum blockchain.
Fashion NFT can be groundbreaking when AR (augmented reality) technology is introduced.
Buyers can do shopping from the comfort of their home
With AR it also can replace the need for physical clothes.
DressX is 1 example of a digital wearable marketplace that offers AR to their collections. -> however they are not in the NFTs space yet.
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How are NFTs solving the word’s problem?
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