Weekly Review, July 24, 2023
Elon rebrands twitter using a familiar moniker, plus more straight ahead.
Banks are battling to get high spending consumers through their doors by adding on extra amenities like upgraded airport lounge access. Will be interesting to see how far this competition will go.
Washington’s oil sanctions on Russia have created unintended consequences of not only enriching Iran (who is supposedly also sanctioned) but making Russian oligarchs richer in the process as well.
Need to be very careful of fees and misaligned incentives from an advisor trying to sell these, but largely unknown strategy for creating your own pension during late stage of life.
Elon rebrands Twitter as “X” - will it fix its issues achieving profitability though? Stay tuned.
Due to the historic concentration as a result of the performance of only a handful of stocks this year, the market cap weighted Nasdaq just got rebalanced. This underscores the way the majority of the performance this year has been driven by a narrow selection of stocks.