Welcome to the 108th edition of The Weekly Bull Report.
Here’s a short list of content we found interesting and informative over the past week…
🤔 Interesting Articles & News:
POLITICS
- President Trump called on authorities in Seattle to “take back your city” after demonstrators set up camp around an abandoned police precinct.
ECONOMICS
- The Trump administration is backtracking on its promise to disclose which businesses got a piece of the taxpayer-funded $551 billion bailout.
- The stock market had its worst day since March. The Dow lost 1,862 points, or nearly 7 percent.📉
- Hong Kong government is leading a massive HK$39 billion (US$5 billion) bailout of struggling Cathay Pacific.💸
- Sports bettors may be a driving force behind the stock market surge.
- The Federal Reserve is predicting a slow economic recovery, with unemployment ending the year at 9.3 percent and falling to 6.5 percent next year.
- This exclusive dataset shows why investor optimism is surging. 🤔
- The real economic catastrophe hasn’t hit yet. Just wait for August. 📅
- The illusion of a rapid US recovery.
CULTURE
- Thousands of sea turtles are nesting on Australia’s Great Barrier Reef, captured via spectacular drone footage. Watch them. 🐢
- Coronavirus cases have surpassed 2 million in the U.S. Widespread mask-wearing could prevent COVID-19 second waves. (Please wear a mask)
- Inside the newly spotless NYC subway. 🚇
SOCIETY
- The secret, absurd world of coronavirus mask traders and middlemen trying to get rich off government money.
- Are thoughts experiments experiments at all? Or something else? And do they help us think clearly about ethics or not?
- Queen Elizabeth on her first Zoom call, speaking to the UK’s frontline care workers.
- Peter Thiel’s religion. (Great read)
TECHNOLOGY
- Satellite data suggests coronavirus may have hit China earlier.
- Tesla is now trading above $1,000 per share for the first time in its history.
- Zoom admits it removed US activist accounts on China Government ‘Request’.
MEDICINE & SCIENCE
- G3 Therapeutics and Juvenescence announce Juvenomics, a visionary company founded on applying deep molecular profiling and deep learning to tackle aging. 👵
- Can we reverse aging? The astonishing power of the human mind.
- When cancer cells can’t produce their own fat, they import more of it.
- Insitro nets $143M to ramp up machine learning drug discovery.
- Ways chocolate is good for your mind and body, especially if it’s dark and has nuts. 🍫
- Meet the autistic scientists redefining Autism Research.
CANNABIS & MUSHROOMS
- How psychedelic drug psilocybin works on the brain. More here. 🧠
- Terminally ill Canadians apply for legal access to ‘magic mushrooms’ drug.
- Colorado activists to pursue 2022 Psilocybin Ballot measure.
- The controversial buzz surrounding psychedelic therapy.
- A mysterious and unexplainable paralysis keeps affecting magic mushroom users.
- Why cannabis companies and others are switching track towards CBD.
- This “hidden” brain region could explain ego death after taking psilocybin.
SPORTS
- Messi business as usual: FC Barcelona Versus RCD Mallorca result and what we learned. ⚽
- UFC Fight Night: Cynthia Calvillo puts on grappling masterclass against women’s flyweight star Jessica Eye. 🥊
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💲 Noteworthy Stocks & Assets:
- The rational disconnect between stocks and the economy.
Weekly Market Movement Wrap
U.S. Indices
Dow -5.6% to 25,606. S&P 500 -4.8% to 3,041. Nasdaq -2.3% to 9,589. Russell 2000 -7.9% to 1,379. CBOE Volatility Index +47.2% to 36.09.
S&P 500 Sectors
Consumer Staples -3.9%. Utilities -4.1%. Financials -12.%. Telecom -3.7%. Healthcare -6.2%. Industrials -9.8%. Information Technology -3.3%. Materials -9.8%. Energy -13.4%. Consumer Discretionary -3.9%.
World Indices
London -5.9% to 6,105. France -6.9% to 4,839. Germany -7.% to 11,949. Japan -2.4% to 22,305. China -0.4% to 2,920. Hong Kong -1.9% to 24,301. India -1.5% to 33,781.
Commodities and Bonds
Crude Oil WTI -7.8% to $36.47/bbl. Gold +3.3% to $1,739./oz. Natural Gas -2.1% to 1.744. Ten-Year Treasury Yield +0.8% to 138.63.
Forex and Cryptos
EUR/USD -0.27%. USD/JPY -2.01%. GBP/USD -1.07%. Bitcoin -2.%. Litecoin -4.2%. Ethereum -1.1%. Ripple -4.9%.
Top Stock Gainers
Wins Finance Holdings (NASDAQ:WINS) +401%.
Immuron (NASDAQ:IMRN) +313%.
Wah Fu Education Group (NASDAQ:WAFU) +172%.
Celldex Therapeutics (NASDAQ:CLDX) +153%.
DPW Holdings (NYSEMKT:DPW) +129%.
Top Stock Losers
MMTec (NASDAQ:MTC) -54%.
Protara Therapeutics (NASDAQ:TARA) -39%.
Allied Esports Entertainment (NASDAQ:AESE) -33%.
Contura Energy (NYSE:CTRA) -32%.
Ekso Bionics Holdings (NASDAQ:EKSO) -31%.
🎯 Stocks On Our Radar:
- Biohaven Pharmaceutical (NYSE: BHVN) Shares continue to rip northbound. 📈
- AgeX (NYSE:AGE) Our IBR Report here
- FlooidCX Corp (OTC: FLCX)
- Portage Biotech (OTC: PTGEF)
- Wuhan General Group (OTC: WUHN) Latest Press Release
🏆 Quotes That Inspire Us:
”Most people do not listen with the intent to understand; they listen with the intent to reply.” – Stephen Covey
📖 Word Of The Week:
A lot and Alot:
Alot is a common misspelling of a lot. A lot should always be spelled as two words. The meaning of a lot depends on the context. Usually, it means “many” or “to a great extent.”
❔ Did You Know:
- You’d think that as one of the world’s wealthiest people, Bill Gates would be seeing green. But in fact, he can’t. The billionaire is color-blind.
- Gates has mastered a number of programming languages, but he only speaks one human language—English. Despite having a hand in charitable endeavors across the globe, Gates has said that not learning to speak any languages other than his native English is one of his biggest regrets.
- Bill Gates wasn’t the only one to cash in on Microsoft’s success. When the company went public in 1986, the stock price skyrocketed and Bill was only one of 12,000 millionaires created by the company’s success.
📽 A Must Watch & Listen:
- Researching psychedelics for psychiatric disorders.
📚 Books We Are Reading:
5 Summer reads for 2020, recommended by Bill Gates:
- ‘The Choice‘ by Dr. Edith Eva Eger
- ‘Cloud Atlas‘ by David Mitchell
- ‘The Ride of a Lifetime‘ by Robert Iger
- ‘The Great Influenza‘ by John M. Barry
- ‘Good Economics for Hard Times‘ by Abhijit V. Banerjee and Esther Duflo
🤣 One Liners:
- @TigNotaro: The problem with Netflix recommendations is they assume I liked a show just because I watched 13 hours of it.
📆 Upcoming Events:
Psychedelics and Our Sense of Self: Implications for the Treatment of Depression
June 30, 2020 – 11am EDT / 4pm BST / 5pm CEST
Our very best wishes for a brilliant upcoming week! 💪
Respectfully yours,
The IBR Team
Please send any news, comments or stock ideas to: jeff@internetbullreport.com and follow IBR on Twitter @IBullReport
