Day Trading Academy

Recap October 27: World Riots Rock Stocks – China More Rich than Americans (Recap Ep042)


Listen Later

Among the most important news that happened this week are the protests going on in Chile. Emerging market investors trading in the Chilean peso lose as the worst protests in decades are occurring leading to 1000’s of arrests & 15 deaths. European firms are exposed, especially miners with operations in the copper-rich country. JPMorgan is turning bearish on Chile’s domestic stocks, lowering the country to underweight from neutral. President Piñera acknowledges government failures & is announcing economic reforms intended to restore order.

SoftBank bails out WeWork in a $5B deal & accelerate a $1.5B equity investment originally due to the company next year, that will give the Japanese tech company almost total ownership of the office space startup. Also gives disgraced founder Adam Neumann a massive severance $1.7B payout. SoftBank, which is already WeWork’s largest investor, will also offer to buy up to $3B worth of stock from existing investors & shareholders.

For the 1st time, there are more rich Chinese than Americans in the top 10%. Credit Suisse report shows that wealth in China is ticking up, & the country now accounts for 100M of the richest 10% of people globally. There are 99M Americans in the same category. The threshold to make it into the top 10%, globally, is roughly $109,400 in net assets. To be in the top 1%, you’d need just above $936,400.

The post Recap October 27: World Riots Rock Stocks – China More Rich than Americans (Recap Ep042) appeared first on Investing & Day Trading Education: Day Trading Academy.

...more
View all episodesView all episodes
Download on the App Store

Day Trading AcademyBy Marcello Arrambide: Founder - Day Trading Academy Learn to Trade

  • 3.8
  • 3.8
  • 3.8
  • 3.8
  • 3.8

3.8

51 ratings


More shows like Day Trading Academy

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

226,206 Listeners

Trade It - Day Trading Made Simple by Adrean Mitchell

Trade It - Day Trading Made Simple

2 Listeners

The Day Trading Show by Austin Silver

The Day Trading Show

55 Listeners

Stock Market Today With IBD by Investor's Business Daily

Stock Market Today With IBD

43 Listeners

One Trading Book per Day by Palonio.com

One Trading Book per Day

14 Listeners

Anarchy: Day Trading for Rebels by Anarchy Analysis and Strategy Co.

Anarchy: Day Trading for Rebels

24 Listeners

Day Trading for Beginners by Tyler Stokes

Day Trading for Beginners

48 Listeners

Day Trading 101 by Trading Simulator

Day Trading 101

0 Listeners