1. Retail Investors Share of Stock Trading Volume Running at Double the Last Decade
From Dave Lutz at Jones Trading
Starting July 15, parents will be eligible to receive a new monthly payment for each child thanks to a new federal law – Called an advanced child tax credit, the monthly payments are connected to your income taxes. If eligible, parents may receive half of their annual tax credit money in the form of monthly payments. Parents will receive the other half of the credit when they file their income tax returns.
2. Price to Sales for S&P Tech Sector Above 2000 Bubble.
3. Follow Up to Yesterday’s Mega Cap Tech Comments.
S&P-Weight of Top 10 Stocks was already at all-time high above 2000 and 2008…..Now Earnings of Top 10 Stocks Hits 2008 Highs..
https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/
4. China Tech Takes a Trillion Haircut
Zerohedge
5. U.S. Listed Chinese Shares ETF -40%
PGJ Factset Analytics Insight
PGJ is a broad cap-weighted fund that strictly holds US-listed Chinese shares. These stocks, also known as ‘N-shares,’ consist of ADRs of companies that are headquartered and incorporated in China, excluding Hong Kong, that only list shares in the United States. The fund aims to take advantage of the opportunities in China with the transparency that US-listed securities have. Stocks are weighted by market cap with no more than five securities exceeding 8%, with the remaining weight proportionally distributed using a similar method. The index is reconstituted and rebalanced quarterly.
https://www.etf.com/PGJ#overview
6. Emerging Markets and U.S. Dollar Both in Sideways Pattern
Emerging markets dependent on U.S. dollar action…both sideways for first 6 mos. 2021
U.S. Dollar Sideways in 2021
7. 1988-2021 Emerging Markets vs. U.S. Markets.
Charlie Bilello @ CharlieBilello
| Home Bias and the Best Time to Diversify (POST)Historically, the best time to diversify into an asset class is actually after a long period of underperformance, not outperformance. Why? Because it is after such periods that assets are more likely to be cheaper and unloved, and buying cheaper assets tends to lead to better long-term outcomes.Looking a long-term chart of Emerging Markets versus U.S. stocks tells an important story of cyclicality in relative performance. There have been long periods where Emerging Markets have lead and long periods when the U.S. has lead. The most difficult time to add Emerging Market exposure was in the late 1990s, after U.S. stocks outperformed by a wide margin. In retrospect, though, this was the best time, as the subsequent ten years were extremely favorable for Emerging Markets. |
8. Monthly NFT Volume Hits $150m but Flat for 5 Months….NBA Top Shot Volume Sinks.
Reuters
The U.S. National Basketball Association Top Shot marketplace, which allows fans to buy and trade NFTs in the form of video highlights, has seen volumes shrink and buyers drop to 246,000 in June from 403,000 in March. The average price of a Top Shot “moment” slumped to $27 in June, after peaking at $182 in February.
NFT sales volume surges to $2.5 bln in 2021 first half-Elizabeth Howcroft
https://www.reuters.com/technology/nft-sales-volume-surges-25-bln-2021-first-half-2021-07-05/
9. 5-Year Cumulative Debt in Mortgage Market Up 6% vs. 65% in 2006
If you’re looking for a housing bust – we’re probably not there. 5y cumulative growth in mortgage debt up just 6% vs 65% in 2006.
10. Shark Tank’s Daymond John Has a Simple Trick for Sharpening a Fuzzy Brand Mission
The ‘Shark Tank’ investor shares an exercise even kids can use to clearly define company values for maximum appeal to consumers.
BY ANNA MEYER, ASSISTANT EDITOR, INC.@ANNAVMEYER
https://www.inc.com/anna-meyer/shark-tank-daymond-john-bombas-brand-mission-statement.html
Daymond John. Getty Images
When it comes to mission-driven companies, sometimes customers care more about the mission than the company itself — which is why a strong mission can carry a business a long way.
That’s according to Shark Tank investor and serial founder Daymond John, who learned this lesson after investing in cult favorite sock company Bombas, which donates clothing to homeless shelters for every pair of socks sold. Simply put, John realized that customers care about companies that give back and have a clear mission people feel good about.
It’s a lesson that factors prominently in John’s new course on entrepreneurship for kids ages 10 to 17. He shared with Inc. a process he teaches these young students and adult entrepreneurs alike about creating a mission statement that’s clear and easy to digest for customers.
The first step is reaching out to your customers to share the first draft of your mission statement for feedback. If you don’t have customers yet, John suggests querying family and friends who fit the target audience for your idea. Gather your small group, share your thoughts, and have your audience repeat back to you, in their own words, what they understand your mission to be. Pay special attention to words that get repeated. You want to make sure how you’re phrasing your mission truly communicates what you’re intending.
“There are gonna be so many different things to understand the identity and the DNA of your product, service, or brand,” he says. “You’ve got to come up with your two to five words of what you represent. Is there a social cause behind it? Is it price competitive? Is it luxury?”
He also suggests creating a separate value statement by asking yourself the following questions:
· What do you want to solve?
· What do you love?
· What would you do for free every single day and why do you do it?
· What joy does your business bring?
· What about your business will create unity?
Once you have your value statement and two to five words that your group agrees clearly communicate your values, center your brand messaging on those words, according to John. What makes sense to your customer will give your marketing the strongest impact.
And while the initial steps of building a business can be tough, John says to look at it as an opportunity to lay the framework for something great. “The beginning part of the story is the best part,” he says.
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