Is It Time For Crypto To Shine?

Tale of the Tape

Good evening, y’all, and happy freakin’ Friday!! 🥂

The market of stocks had a mellow week, but that didn’t stop the S&P 500 and Dow Jones Industrial Average from breaking out to blue skies. 🛸

Every major index closed the week on a high note. The Russell 2000 rallied hard into the close to finish up 0.04%.

Healthcare was today’s strongest sector. Industrials, consumer discretionary, technology, and financials all flew to new all-time highs. Energy struggled to stay above water— $XLE dropped 0.57%. 

Crypto remained quiet, but will it cruise during our weekend recess?? Who knows— see the charts below. 🕯

Intel inched up 1.8% to close $0.21 off its January 24 all-time high. 

Salesforce sailed 3.04% as the stock settled at its highest price since February 25. ⛵

Yeti yeeted up 2.7% and closed at a new all-time high. 

Facebook was the only FAANG member that finished lower for the second straight session. Amazon and Apple both advanced more than 2%. 

Here are the closing prints: 

S&P 5004,128+0.77%
Russell 20002,243+0.04%
Dow Jones33,800+0.89%

Weekly Candles 🕯

Despite the weak trading volume, it was another wild week on Wall Street.

Stocks around the world settled at new records. 🌎 iShares MSCI ACWI ETF, which tracks large and mid cap global stocks in ~85% of the developed and emerging markets, marched to a new all-time high. 

Technology was this week’s strongest sector. $XLK turned up 4.64% and closed at a new weekly all-time high for the first time since early February. 

The FAANG Gang flew more than 4% for its second straight week. The NYSE FANG+ Index is within 6% of its February 12 all-time high.

Google gained 6.9% and closed at a new all-time high. Nice. 🔍 😉

America’s Apple was the strongest FAANG member. $AAPL advanced 8%, and it’s only 7% off its previous all-time high. 🍏

Bitcoin barely budged this week. The crypto maintained its previous week’s range as it chills just below 60K. ❄️

Ethereum also had a quiet week. ETH.X ticked an all-time high on Tuesday, but the crypto’s stuck in a tight trading range (1950 – 2150). 👀

FuboTV Scores

Excited for the 2022 World Cup Qualifiers? Well, you’ll be watching them on FuboTV.

Fubo just acquired exclusive streaming rights for the South American Qatar World Cup 2022 Qualifying Matches. Well played, Fubo, well played. ⚽ 👏

While deal terms weren’t disclosed, the partnership between 10 South American teams’ rights holders and FuboTV solidifies the platform’s top streaming services.

Fubo’s Co-founder and CEO, David Gandler, shared:

 Our mission is to provide the world’s most thrilling sports-first live TV experience with the greatest breadth of premium content, interactivity and integrated wagering. By offering the best of South American soccer in advance of Qatar 2022, we are further differentiating fuboTV’s sports-first content portfolio, enabling us to engage with more consumers than ever before.

Check out the press release— $FUBO flew 12.6% on the news. 

Digital Life Imitates Art

While art is constant, medium is fluid. From cave paintings to 3D renders, art from each era leaves a distinct impression. In 2021, some artists think the next big ‘thing’ is NFTs and their frameworks.

Alexis Chritodoulou, a 3D artist, described this new digital era:

We’re right at the beginning of the frontier. This is an opportunity to create something beautiful because you’re in charge again.

As NFTs continue to sell at record rates, artists hope their art remains specialized rather than commercialized. Andreas Wannerstedt, a motion graphics artist, expressed:

I think a lot of high-level artists and designers will try to move away from the commercial design industry and focus more on their own projects.

Will .gifs be hanging in the Louvre one day? Maybe one day the Mona Lisa will wink at you. 😅

Monkey Mind Pong 🧠 🕹️

Elon’s done it again. But this feat has nothing to do with outer space…

Musk’s startup, Neuralink, planted a brain-chip in a macaque monkey. With Neuralink’s implant, Pager the Monkey can play video games with his mind. Yes, without using a joystick

What could this mean for the future? Elon Musk tweeted: 

First @Neuralink product will enable someone with paralysis to use a smartphone with their mind faster than someone using thumbs… Later versions will be able to shunt signals from Neuralinks in the brain to Neuralinks in body motor/sensory neuron clusters, thus enabling, for example, paraplegics to walk again. The device is implanted flush with the skull & charges wirelessly, so you look & feel totally normal.

The chip, implanted in Pager’s motor cortex, works by recording and decoding the brain’s electrical signals. 🤯 Click here to watch some monkey mind pong. 🧠 🕹️

R.I.P Prince Phillip 

We’re sad to share that Prince Phillip, the 99 year-old Duke of Edinburgh and husband to Queen Elizabeth II, passed away this morning. 

Prince Phillip was born to Greek and Danish royal families. He became part of the Royal Family after his marriage to Queen Elizabeth on November 20th, 1947. Prince Phillip served in World War II, reached commander rank in 1952, and became a British Prince in 1952.

Throughout his life as a royal, he completed 22,219 solo engagements and 5,493 speeches.

In the coming weeks, Prince Phillip’s funeral will be held at St. George’s chapel. Details on the event will be released soon. 

Links That Don’t Suck

💰$OBTC provides low cost easy access to bitcoin from your brokerage account or IRA. Check It HERE.

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