Just a few reminders that the Stock Market is awful.
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Three of the top five performing stocks over the last 5 years, Nvidia, Tesla, and Eli Lilly have either supported Transgender Legislation, helped to produce pornography, or engaged in unethical mining practices. The other top two stocks, Enphase Energy and Super Micro Computers just have not been thoroughly vetted by any ethical
research facility.
It is estimated that 70%-90% of retail investors lose money on the stock market when trading independently. Bigger and better players with more resources and manipulation powers will beat you at this game.
BlackRock, Vanguard, and State Street currently manage $38 trillion in combined assets. That power is going to continue to grow and give these conglomerates more purchasing power that will be used on land, and influence. Why are these companies so powerful and housing so unattainable? Because we give them our money, and we pay them a fee to take it!!
If those three points are not enough for you, just remember that secondary markets
produce inflation, cultivate greed and sloth, prop up globalized economies, promote abstract dominant economics, and Saints (Aquinas), Popes (JPII) , and scripture have warned us against reaping where we have not sown through speculation.
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Quick Hitters
The most notable are highlighted in RED
- The government didn’t shutdown over the weekend, but that news did not stop stocks from
trending downward. Do not expect Stocks to reverse course anytime soon since our government and the economy are on very shaking ground.
- Crypto has been stagnant for months now and the Fraud trial of Sam Bankman-Fried (SBF), the former CEO of FTX is about to start. In case you forgot, FTX is the crypto exchange that was built up on a house of cards and its collapse shook the entire world of digital currency. SBF is pleading not guilty to stealing billions from
customers and there is a predicted 1,300 pieces of evidence that SBF will have to battle against.
- The government shutdown was avoided because republican Speaker of the House worked with Democrats to keep the budget alive. Yet, Republican Senator Matt Gaetz wants McCarthy gone because he thinks working with the Devil’s party is unforgiveable. The truth of the matter is that politics is a nasty game and for the moral side to gain ground and achieve victories a
delicate balance of standing the moral ground and compromising must be achieved. Very few winners in politics.
- Microsoft has accused Google of having an unfair advantage because Apple made a deal with Google to make the search giant the default browser. Microsoft has a point, but it is laughably hypocritical.
- Influencers are now sponsoring professional sports teams. MrBeast, a behemoth in the YouTube world, is sponsoring is own
brand of chocolate bars on the Jerseys of the Charlotte Hornets.
- Birkenstock, the ugly sandal company, is seeking a $9.2 billion valuation for its upcoming IPO.
- $24 billion in Childcare funding from the Government has been wiped out, and 43 million student loan borrowers now have to start paying back the government after a 3-year moratorium. This all means that consumers will be about $100 billion poorer. Not a good sign for the
economy as a whole.
- Late night hosts like Stephen Colbert, Seth Meyers, and the Jimmies will return to TV now after a 5-month hiatus due to the writers’ strike. all that commotion, and Joe Rogan, Ben Shapiro and a slew of other podcasters are still going to catch more eyeballs.
- A study for United Airlines shows that its passengers need to lose weight. If the average passenger weight fell by just 10lbs, then the Airline would save $80 million a year in fuel costs. The lighter the plane the cheaper it is too fly.
- 75,000 Kaiser Permanente healthcare workers could strike tomorrow if a new union deal
is not agreed upon.
- More Strike news…Resort workers want a new contract, and no one is sure how Ceasars and MGM will respond. This strike could consist of 60K+ workers.
- Lululemon and Peloton are striking up a 5-year deal to build of each others success.
- The Federal Trade Commision and 17 states filed an antitrust lawsuit against Amazon in hopes of breaking up the Ecommerce
monopoly.
- Kellogg is splitting into two different companies.
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Christus Rex,
Marc Lozano, Christ Centered Capital
support@christcenteredcapital.com
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