1. Bitcoin Bear…BTC -54%….ETH -55%….BNB -60%….DOGE -70%
Crypto Correction
It was a tough week for Crypto, with 50-70% declines across the major assets… For Bitcoin, high volatility and large drawdowns are par for the course. We’ve seen declines larger than this many times throughout its history…
https://twitter.com/charliebilello?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
2. Relative Strength in Tech has Record Correction Versus Other S&P Sectors.
From Dave Lutz at Jones Trading
3. Apple vs. Epic Update and Pause in AAPL Stock for 10 Months.
Morning Brew Blog
Francis Scialabba
A business beef with more leadup than a pay-per-view fight wrapped up its trial yesterday, when Apple CEO Tim Cook took the stand. The kerfuffle started last summer when Fortnite maker Epic Games skirted Apple’s 30% fee for in-game purchases such as hamburger helmets and demogorgon skins.While we don’t have a verdict yet on whether or not Apple’s App Store policies represent illegal monopolistic behavior, the three-week trial spilled the business world’s equivalent of piping hot tea: Epic’s finances were revealed through court documents. It’s a private company so these are juicy deets, and they made it clear why Epic wants to maximize per-hamburger helmet profit: Epic made 98% of its estimated $9.7 billion in revenue exclusively from Fortnite in 2018 and 2019. And Apple allegedly took an outsized bite out of that revenue to unfairly benefit its bottom line. US District Judge Yvonne Gonzalez Rogers said that Apple makes more money off of gaming apps than any other category, quipping, “You’re charging the gamers to subsidize Wells Fargo.”What did Tim Cook have to say about all this?He played defense, responding “idk” to several lines of questioning. But when asked about his stance on apps steering customers away from the App Store for purchases (the reason Fortnite was booted off iOS last August), he said, “It would be akin to Apple going down to Best Buy and advertising that you can go across the street to the Apple Store and get an iPhone.”Cook also argued that Apple does not closely track the App Store’s profit and loss; in other words, the company’s bean-counting doesn’t interfere with the App Store’s integrity as a marketplace for users to discover apps. Epic’s lawyers pulled up emails suggesting otherwise.Looking ahead…If Apple loses, it may have to “basically rewrite iOS,” according to The Verge. But even if it ends up defeating Epic, this trial has perma-flipped flashlight mode onto Apple’s App Store.     https://www.morningbrew.com/daily Apple Another Stock in Sideways Band …Watch which way it breaks |
4. INFL Inflation ETF
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INFL Fund Description
INFL is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation.
INFL Factset Analytics Insight
INFL is Horizon Kinetics’ first ETF launch, with an exposure to global companies expected to be inflation beneficiaries (typically those that can increase revenue without a corresponding increase in expenses in an inflationary environment). Such companies may include: exploration and production companies, mining companies, transportation companies, infrastructure and real estate companies (with an emphasis on “asset light” businesses with royalty, streaming, rental, brokerage, management, and leasing exposure). INFL may also have significant exposure to securities exchange companies. The fund’s portfolio will comprise of approximately 20-60 issuers of any market capitalization, and its investments will generally include common stocks, ownership units of publicly traded MLPs (including general and limited partnership interests), as well as units of royalty trusts.
INFL Top 10 Sectors
- Financials39.35%
- Basic Materials21.90%
- Energy14.17%
- Healthcare6.66%
- Consumer Non-Cyclicals5.14%
- Technology4.80%
INFL Top 10 Holdings [View All]
- Texas Pacific Land Corporation6.31%
- PrairieSky Royalty Ltd5.11%
- Charles River Laboratories International, Inc.5.08%
- Franco-Nevada Corporation4.80%
- Wheaton Precious Metals Corp4.40%
- Deutsche Boerse AG4.36%
- Archer-Daniels-Midland Company4.29%
- ASX Limited4.29%
- Intercontinental Exchange, Inc.4.01%
- Viper Energy Partners LP3.40%
Total Top 10 Weighting46.03%
ETF.COM. https://www.etf.com/INFL#overview
5. Total Investment 2020 Renewable Energy $500B +
Energy Transition Investment Hit $500 Billion in 2020 – For First Time
The world invested unprecedented amounts in low-carbon assets last year, from renewables to cleaner transport, energy storage to electric hea
London and New York, January 19, 2021 – A new, broad measure of ‘energy transition investment’, compiled by BloombergNEF (BNEF), shows that the world committed a record $501.3 billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption caused by the Covid-19 pandemic.
BNEF’s analysis shows that companies, governments and households invested $303.5 billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50 billion surge for offshore wind. They also spent $139 billion on electric vehicles and associated charging infrastructure, up 28% and a new record.
Other areas of energy transition investment also showed strength. Domestic installation of energy-efficient heat pumps came to $50.8 billion, up 12%, while investment in stationary energy storage technologies such as batteries was $3.6 billion,[1] level with 2019 despite falling unit prices. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 billion, down 20% but the second-highest annual number to date (see Figure 1).
Albert Cheung, head of analysis at BNEF, said: “Our figures show that the world has reached half a trillion dollars a year in its investment to decarbonize the energy system. Clean power generation and electric transport are seeing heavy inflows, but need to see further increases in spending as costs fall. Technologies such as electric heat, CCS and hydrogen are only attracting a fraction of the investment they will need in the 2020s to help bring emissions under control. We need to be talking about trillions per year if we are to meet climate goals.”
A geographical split of BNEF’s energy transition investment data shows that Europe accounted for the biggest slice of global investment, at $166.2 billion (up 67%), with China at $134.8 billion (down 12%) and the U.S. at $85.3 billion (down 11%). Europe’s impressive performance was driven by a record year for electric vehicle sales, and the best year in renewable energy investment since 2012.
Jon Moore, chief executive of BNEF, said: “The coronavirus pandemic has held back progress on some projects, but overall investment in wind and solar has been robust and electric vehicle sales jumped more than expected. Policy ambition is clearly rising as more countries and businesses commit to net-zero targets, and green stimulus programs are starting to make their presence felt. Some 54% of 2016 emissions are now under some form of net-zero commitment, up from 34% at the start of last year. This should drive increasing investment in the coming years.”
https://about.bnef.com/blog/energy-transition-investment-hit-500-billion-in-2020-for-first-time/
6. No Signs of Slowing Down as Big Oil Spends More on Renewables than Oil/Gas
by Barry Ritholtz https://ritholtz.com
7. Crazy Housing Inventory Drops Except San Fran.
John Burns • FollowingHelping executives make informed housing industry investment decisions.2d •
Can you imagine being a realtor in Salt Lake right now? Listings are down 78%!
For realtors, getting a listing must feel like hitting the jackpot.
Nationally, an all-time high # of realtors are fighting for the lowest # of listings on record, which you know will sell right away. Jackpot.
#jbrecdailyinsight
https://www.linkedin.com/in/johnburns7/
8. 3150 Rockets Fired by Hamas 90% Intercepted by Iron Dome
Israel’s Iron Dome has blocked thousands of incoming rockets. Here’s how it works BY SHAYNA FREISLEBEN
Over 3,150 rockets have been fired by Palestinian militant group Hamas from Gaza into southern and central Israel over the past week, targeting both Israeli population centers and border villages. Approximately 90% of those Hamas rockets have been intercepted by Israel’s Iron Dome missile defense system, according to Israeli officials.
Bystander videos have documented the anti-missile system in action: curving streaks of light, nearly resembling firecrackers, meet rockets mid-trajectory. Seconds later, a bright flash and loud boom, signaling the rocket’s interception. Shrapnel falls to the ground.
Streaks of light are seen from Ashkelon as Israel’s Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip toward Israel on May 15, 2021.AMIR COHEN / REUTERS
Israeli officials credit the Iron Dome with saving thousands of civilian lives. They say Hamas rocket fire in recent days has killed 12 people, including two children. In Gaza, without a similar defense, the toll has been far greater: At least 213 people have been killed by Israeli airstrikes, including 61 children, according to the Health Ministry in Gaza.
When the Iron Dome technology was declared operational in 2011, it was regarded as a “game-changer” for modern warfare.
According to the Israeli Defense Ministry, the targeting system uses radar and advanced tracking technology to follow the trajectory of incoming projectiles and determine if they pose a threat to a major population center. After measuring the speed and direction of the rockets, the intercepting Iron Dome missiles are fired, intended to detonate the projectiles mid-air.
It’s like a “bullet shooting down another bullet,” the late “60 Minutes” correspondent Bob Simon reported in 2013. It applies the laws of physics to short-range rockets traveling between 500 and 1,000 miles per hour.
https://www.cbsnews.com/news/israel-iron-dome-rockets-gaza-hamas/
Created by Israeli firms Rafael Advanced Defense Systems and Israel Aerospace Industries with some US support, the Iron Dome became operational in 2011.
Considered among the most advanced defence systems in the word, the Iron Dome uses radar to identify and destroy incoming threats before they can cause damage.
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The all-weather system was specially designed to help combat shorter-range rudimentary weapons like the rockets fired from Gaza.
https://www.bbc.com/news/world-middle-east-20385306
9. Top London wine bars as chosen by the experts
With indoor hospitality returning to the UK, now’s the time to visit one of London’s many great wine bars. And who better to ask where to wine and dine in London than vinous and culinary experts? These are the London wine bars and restaurants recommended by our Decanter World Wine Awards judges, Decanter contributors and Decanter staff…
Ellie DouglasMay 17, 2021
Bar Douro Credit: Bar Douro
Best London wine bars chosen by the experts
Listed in alphabetical order.
10 Greek Street. Credit: 10greekstreet.com
10 Greek St does really good food and the wine list is very well priced. Luke Wilson, the owner, keeps a little black book of the good stuff, with very encouraging cash margins! Gearoid Devaney MS
10 Greek street has a small but well-designed and perfectly executed menu, along with well-chosen wines at great prices. Xavier Rousset MS
10 Greek Street, W1D 4DH
+44 (0) 20 7734 4677
10greekstreet.com
The 10 Cases. Credit: 10cases.co.uk
If I fancy a glass of something interesting in a laid back, cosy atmosphere, then The 10 Cases in Covent Garden is perfect. The wine list always has plenty to tempt me and the food is delicious but unfussy. Mark Andrew
The 10 Cases must be one of my most regular haunts. Ideally located near Covent Garden, it has an ever-changing wine list (they only ever buy ten cases of each wine), a choice of tapas-style food as well as main dishes, plus a bottle shop next door with informal dining and a handy function room in the basement. Richard Hemming MW
The 10 cases has a great selection of wines. It’s a very honest place run by passionate people – we need more of this format in London. Xavier Rousset MS
16 Endell Street, Covent Garden, WC2H 9BD
+44 (0) 20 7836 6801
10cases.co.uk
40 Maltby Street has a great natural wine list that is well priced and served with beautiful seasonal food. Buzzing atmosphere and wonderfully casual. Isabelle Legeron MW
40 Maltby Street, SE1 3PA
+44 (0) 20 7237 9247
40maltbystreet.com
For a guilty pleasure, the range of wines by the glass at 67 Pall Mall with Coravin is hard to resist with some iconic wines from older vintages available… need I say more? Gearoid Devaney MS
67 Pall Mall is the ultimate wine lover’s destination, with an extraordinary array of choice served by Coravin and a fixed corkage charge of £20. The food isn’t cheap but it is classic and expertly prepared. The only disadvantage is you need to be a member! Richard Hemming MW
67 Pall Mall, SW1Y 5ES
+44 (0) 20 3000 6767
67pallmall.co.uk
Andrew Edmunds. Credit: andrewedmunds.com
In my opinion Andrew Edmunds is London’s best kept secret: rustic food accompanied by top wines from Burgundy as well as new World wines, sold with very little mark up. There are often real gems to be found. Andrea Briccarello
See our full review of Andrew Edmunds restaurant here
46 Lexington Street, W1F 0LP
+44 (0) 20 7437 5708
andrewedmunds.com
Bar Douro
One of the few places that genuinely qualifies as a wine bar, you’ll find this congenial little blue-and-white-tiled Portuguese joint in Flat Iron square, not far from Borough Market. It follows on from a successful pop-up and series of supper clubs run by Max Graham of the Churchill family, who owns the new permanent premises.
Despite the name, the all-Portuguese wine list extends well beyond the Douro region with bottles and vintages you’d be lucky to find elsewhere. Winemakers visit regularly, so get on the mailing list for winemaker dinners. The food is authentically Portuguese, with some of the best, most meltingly tender octopus I’ve eaten. The set lunch is a bargain at £9.50 for two courses. Altogether charming.
Don’t miss: the white Port and tonic. Fiona Beckett, in Decanter magazine
Arch 35b Flat Iron Square, Union Street, SE1 1TD
020 7378 0524
Blanchette. Credit: blanchettesoho.co.uk
Blanchette in Soho is where I go for the ambiance and to relax. One of the owners is a DJ so the music is really good. They do French food well and you can’t beat their frogs legs with a crisp Alsace Pinot Blanc. The wine list is small but well choosen by Max and Yannis. Claire Thevenot MS
9 D’Arblay Street, W1F 8DR
+44 (0)207 439 8100
blanchettesoho.co.uk
Top London wine bars as chosen by the experts – Decanter
10. 12 Things Successful People Never Reveal About Themselves at Work
By Travis Bradberry | May 24, 2018 | 1
You can’t build a strong professional network if you don’t open up to your colleagues, but doing so is tricky, because revealing the wrong things can have a devastating effect on your career.
Sharing the right aspects of yourself in the right ways is an art form. Disclosures that feel like relationship builders in the moment can wind up as obvious no-nos with hindsight.
The trick is to catch yourself before you cross that line, because once you share something, there is no going back.
TalentSmart has tested more than a million people and found that the upper echelons of top performance are filled with people who are high in emotional intelligence (90 percent of top performers, to be exact). Emotionally intelligent people are adept at reading others, and this shows them what they should and shouldn’t reveal about themselves at work.
Related: Why You Need Emotional Intelligence to Succeed
The following list contains the 12 most common things people reveal that send their careers careening in the wrong direction:
1. That they hate their job.
The last thing anyone wants to hear at work is someone complaining about how much they hate their job. Doing so labels you as a negative person who is not a team player. This attitude brings down the morale of the group. Bosses are quick to catch on to naysayers who drag down morale, and they know that there are always enthusiastic replacements waiting just around the corner.
2. That they think someone is incompetent.
There will always be incompetent people in any workplace, and chances are that everyone knows who they are. If you don’t have the power to help them improve or to fire them, then you have nothing to gain by broadcasting their ineptitude. Announcing your colleague’s incompetence comes across as an insecure attempt to make you look better. Your callousness will inevitably come back to haunt you in the form of your co-workers’ negative opinions of you.
3. How much money they make.
Your parents may love to hear all about how much you’re pulling in each month, but in the workplace, this only breeds negativity. It’s impossible to allocate salaries with perfect fairness, and revealing yours gives your co-workers a direct measure of comparison. As soon as everyone knows how much you make, everything you do at work is considered against your income. It’s tempting to swap salary figures with a buddy out of curiosity, but the moment you do, you’ll never see each other the same way again.
4. Their political and religious beliefs.
People’s political and religious beliefs are too closely tied to their identities to be discussed without incident at work. Disagreeing with someone else’s views can quickly alter their otherwise strong perception of you. Confronting someone’s core values is one of the most insulting things you can do.
Granted, different people treat politics and religion differently, but asserting your values can alienate some people as quickly as it intrigues others. Even bringing up a hot-button world event without asserting a strong opinion can lead to conflict.
People build their lives around their ideals and beliefs, and giving them your two cents is risky. Be willing to listen to others without inputting anything on your end, because all it takes is a disapproving look to start a conflict. Political opinions and religious beliefs are so deeply ingrained in people that challenging their views is more likely to get you judged than to change their mind.
5. What they do on Facebook.
The last thing your boss wants to see when she logs on to her Facebook account is photos of you taking tequila shots in Tijuana. There are just too many ways you can look inappropriate on Facebook and leave a bad impression. It could be what you’re wearing, who you’re with, what you’re doing or even your friends’ commentary. These are the little things that can cast a shadow of doubt in your boss’s or colleagues’ minds just when they are about to hand you a big assignment or recommend you for a promotion.
It’s too difficult to try to censor yourself on Facebook for your colleagues. Save yourself the trouble, and don’t friend them there. Let LinkedIn be your professional “social” network, and save Facebook for everybody else.
6. What they do in the bedroom.
Whether your sex life is out of this world or lacking entirely, this information has no place at work. Such comments might get a chuckle from some people, but it makes most uncomfortable and even offended. Crossing this line will instantly give you a bad reputation.
7. What they think someone else does in the bedroom.
A good 111 percent of the people you work with do not want to know that you bet they’re tigers in the sack. There’s no more surefire way to creep someone out than to let them know that thoughts of their love life have entered your brain. Anything from speculating on a colleague’s sexual orientation to making a relatively indirect comment like, “Oh, to be a newlywed again,” plants a permanent seed in the brains of all who hear it that casts you in a negative light.
Your thoughts are your own. Think whatever you feel is right about people; just keep it to yourself.
8. That they’re after somebody else’s job.
Announcing your ambitions at work when they are in direct conflict with other people’s interests comes across as selfish and indifferent to those you work with and the company as a whole. Great employees want the whole team to succeed, not just themselves. Regardless of your actual motives (some of us really do just work for the money), announcing your selfish goal will not help you get there.
9. How wild they used to be in college.
Your past can say a lot about you. Just because you did something outlandish or stupid 20 years ago doesn’t mean that people will believe you’ve developed impeccable judgment since then. Some behavior that might qualify as just another day in the typical fraternity shows everyone you work with that, when push comes to shove, you have poor judgment and don’t know where to draw the line. Many presidents have been elected in spite of their past indiscretions, but unless you have a team of handlers and PR types protecting and spinning your image, you should keep your unsavory past to yourself.
10. How intoxicated they like to get.
You might think talking about how inebriated you were over the weekend has no effect on how you’re viewed at work. After all, if you’re a good worker, then you’re a good worker, right? Unfortunately not. Sharing this will not get people to think you’re fun. Instead, they will see you as unpredictable, immature and lacking in good judgment. Too many people have negative views of drugs and alcohol for you to reveal how much you love to indulge in them.
11. An offensive joke.
Offensive jokes make other people feel terrible, and they make you look terrible. They also happen to be much less funny than clever jokes. A joke crosses the line anytime you try to gauge its appropriateness based on how close you are with someone. If there is anyone who would be offended by your joke, you are better off not telling it. You never know whom people know or what experiences they’ve had in life that can lead your joke to tread on subjects that they take very seriously.
12. That they are job hunting.
When I was a kid, I told my baseball coach I was quitting in two weeks. For the next two weeks, I found myself riding the bench. It got even worse after those two weeks when I decided to stay, and I became “the kid who doesn’t even want to be here.” I was crushed, but it was my own fault; I told him my decision before it was certain.
The same thing happens when you tell people that you’re job hunting. Once you reveal that you’re planning to leave, you suddenly become a waste of everyone’s time. There’s also the chance that your hunt will be unsuccessful, so it’s best to wait until you’ve found a job before you tell anyone. Otherwise, you will end up riding the bench.
Let me know what you think of this list. Do you disagree with any of these items? Did I miss any? Please share your thoughts in the comments section below, as I learn just as much from you as you do from me.
Related: Say These 14 Things to Get Yourself Fired
https://www.success.com/12-things-successful-people-never-reveal-about-themselves-at-work/
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