Weekly Digest 5/21/22
Happy Saturday, May 21!
Hope you all had a great Week 8. Please find below our SWS-curated round-up of interesting articles, resources, information, and opportunities related to real-world finance that may be useful to you!
With the Dow Jones Industrial Average down for five consecutive days, the Nasdaq Composite down 3.2%, and bitcoin down 8.5%, stocks are continuously falling alongside higher-than-anticipated inflation. Check out this WSJ article to learn more.
As stocks fall, European Central Bank President Christine Lagarde argues that crypto is worth nothing and that buyers should be warned before investing their life’s savings in crypto assets. Read this Bloomberg article to learn more about Lagarde’s argument for the regulation of crypto purchasing.
For the first time in twenty years, the value of the euro is nearly the same as that of the U.S. dollar, suggesting that currencies could perhaps reach parity this year. Check out this Wall Street Journal article to discover more about the strengthening of the U.S. dollar and the weakening of the euro.
This week, the environmental, social, and governance (ESG) index dropped Tesla from the lineup, resulting in backlash from Elon Musk but also a potential benefit for investors. Read this Market Watch article to learn more about ESG cutting Tesla from the list and the reasoning behind their decision.
With the S&P 500 down nearly 19% from its high in January, the 20 million amateur investors who started trading stocks during the pandemic are either strategizing with their portfolios or leaving the market. Check out this New York Times article to read more about the stock market bear that new investors are struggling to wrangle.
Have a great rest of the weekend!
Cheers,
SWS Investment Committee