China/U.S. Tensions Top Of Mind

Good Morning Everyone!

Remember, generational wealth is built during bear markets.

Prices as of 4 pm EST, 8/1/22; % YTD


Heightened political tensions

  • Nancy Pelosi visiting Taiwan tonight

  • Makes her the highest ranking American to visit Taiwan in 25 years

  • Her visit is in defiance of Chinese threats

  • President Xi wants to appear strong as he seeks a 3rd term amidst China’s current economic weakness

  • Despite geopolitical uncertainty, Q2 heavy earnings calendar continues (we are half way through Q2 earnings).

10yr    2.5%    move down in yields continue

3.5% to 2.5% since June 14, 2022

Crude   94      flat

  • OPEC+ meeting tomorrow

TD Bank TD

  • TD sells 28.4 million shares of Schwab common stock (1.5% of Schwab’s outstanding stock)

  • Reduces TD’s ownership interest in Schwab from 13.4% to 12%

  • TD buying Cowen investment bank ($900 million market cap)


  • ATVI Activision Blizzard


  • WMB Williams

  • DVN Devon

  • AFL Aflac

  • SPG Simon Property

  • SPGI S&P Global

  • CAT Caterpillar             miss on margins

  • BP BP

  • ITW Illinois Tool Works

  • MAR Marriott

  • UBERUber                    Q2 revenue and EBITDA beat, Q3 guide up

  • MOS Mosiac

  • CF CF Industries

  • TAP Molson Coors            Q2 miss


Tiffany’s (the jeweler)

  • Tiffany’s is launching first series of NFTs

  • 250 NFTs @ 30 ETH each (~$51k)

  • Related: CryptoPunk NFT sales jumped 248% after Tiffany’s launch

Blockchain gaming dominating crypto venture investments

  • 258 of 694 blockchain-related deals were related to NFTs & Gaming

  • Represent combined value of $2.6B

  • Blockchain gaming accounts for 52% of all Unique Active Wallets



Posted In: AsiaNewsGlobalMarketscontributorsCryptomarket updateNancy Pelosi