Stocks bad week, Inflation Report, AI in control of Wall Street, and a new look for the newsletter.
Hello C3 Family!
and I cannot thank you all enough for the ongoing support. The prayers, financial pledges, and encouraging emails have been inspiring. Thanks to all of you, C3 remains determined to get the message out about what True Christian Investing actually looks like.
This Video does a good job explaining the SVB collapse and what MIGHT come next.
Stories of the Week
Stocks have worst week since March!
Stocks went up, up, and away on Friday which snapped a weeklong losing streak. The Dow & the S&P 500 had their worst weeks since March. Among other things the positive attitude of investors was spurred by a nine-month high for Apple and a good rebound for regional banks shares. Everyone
who reads C3’s content knows how we feel about the stock market, and we constantly showcase stories about the market to prove our points. Little pieces of information that just so happen to get more attention than other pieces of information scare investors into doing what the promoters of such information want them to do.
Consider C3 the Christian Investment Philosophy site for dummies. If you are a smarty, then go check out NewPolity’s article on why we should all be opposed to the Secondary Market. One of the best parts of this article is how they point out that the government wants us invested into the stock
market, and how the powerful like Jeff Bezos and Bill Gates cash in on their stock to buy real tangibles like Farmland.
The Consumer Price Index was just under the predicted 5% at 4.9%. This is good news for many people struggling to cover monthly expenses at the grocery store. Food prices remained flat month to month. An additional Story about Tyson Foods sheds some light on this situation. Tyson posted a
Suprise $97M loss last quarter because the price for feed and livestock is still climbing but those costs cannot be passed on to the consumers
because of weening demand. Apparently for months now the general consumer has been going with the Walmart brand over the name brand when it comes to their meats.
The almighty Google lost $100B in valuation after is AI chatbot barb failed. Chegg, the popular study tool, lost half of its valuation the day after it said ChatGPT threatens its popularity among students. On the other hand Big Data, Microsoft, and Palantir are all reaping the stock price
rewards of embracing AI.
On Friday the WHO declared an end to the Covid emergency it instituted in January of 2020
Berkshire Hathaway’s 59th
Annual Shareholders meeting draws large crowds to Nebraska. The system is set up to the point where it becomes increasingly hard for people like Warren Buffet to be wrong about anything. He has so much power and influential that what he says becomes a self-fulfilling prophecy.
Bud Light is tripling its marketing budget to combat the disaster decision to partner with a guy pretending to be a woman.
Shopify is laying off 20% of its workforce. I mean who can compete with Amazon? But investors liked the decision and rewarded Shoplifty with a 24% increase in Share price.
Cruise lines are seeing a surge as people must have taken the WHO covid declaration seriously.
AI could replace up to 300M jobs
worldwide but Goldman Sachs thinks AI will boost GDP by 7%. Both things can be true.
A Whitehouse Crypto Energy tax could drive Crypto Miners overseas. The tax was pitched at 30% and its purpose is to blunt the energy demand of miners. Mining used as much energy last year as TVs.
Companies are just not going public like in 2021. 2021 saw $155B raised, while
this year has only raised $4B ($3.8 of that $4 is from J&J spinoff Kenvue).
Former Pres. Donald Trump thinks the USD is going the way of the dinosaur, but Warren Buffet sees no rivals that can take on the almighty greenback. Who do you believe? We think, Trump may be getting paid by a Gold IRA firm, but that is total speculation (Something C3 against!!)
The Biden Admin wants airlines to compensate you for travel headaches. This will probably raise costs for tickets though. No such thing as a free lunch.
Marc Lozano, Christ Centered Capital
According to Klaus Schwab we will all be happy when we own nothing, apparently Bill Gates and Jeff Bezos don’t agree since they are huge owners of farmland. I wonder why?