Friday Selloff | SpaceX IPO Price | Strong Jobs Number Revisions | MicroStrategy Sells Bitcoin | Fed Rate Hikes?
About this episode
Derek Moore and Shane Skinner discuss the recent market selloff, SpaceX IPO pricing, job number revisions, and Bitcoin sales by Michael Saylor.
Derek Moore is joined by Shane Skinner to react to the market Friday selloff including many of the chip and memory stocks. What is driving this and has the oil trade decoupled from equities? Then they discuss SpaceX IPO pricing at $135, the strong jobs numbers that exceeded estimates including April being revised from negative to healthy positive number, and Michael Saylor sells some Bitcoin for Strategy. All this and more this week. SpaceX IPO price Saylor sells Bitcoin for Strategy Crypto out of favor judging by the ETF fund flows S&P 500 Index Friday selloff of -2.6% after continuous march higher Semis and memory stocks hit with many pulling back ~ -20% from all-time highs Oil was down but the market didn't care today More Oil supply coming online? Fed futures pricing in a rate hike by December Tough to time when to sell a highflyer Will investors hit the sell button thinking this is the turn? Greenshoe IPO provision Mentioned in this Episode Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek…
People in this episode
Host: Derek Moore
Guest: Shane Skinner
Topics covered
- market selloff
- SpaceX IPO
- jobs numbers
- Bitcoin
- Fed rate hikes
- oil trade
Keywords
- market selloff
- SpaceX IPO price
- jobs number revisions
- Bitcoin
- Fed rate hikes
- oil supply
- chip stocks
- memory stocks
Mentioned in this episode
Organizations: SpaceX
Books & works: Broken Pie Chart, Buy and Hedge, Effortless Public Speaking
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- SpaceX Day 1 Trading | Oil Going Lower? | SpaceX Expected Options Volatility | Inflation Hype | 2 Day Correction?
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