Band of Traders - Together We Trade 07-01-2023: Say Bye Bye Baby to Bed Bath and Beyond
This week in the China Shop, Dan voices concerns about the impact of school loan payments restarting in October, and both are shocked to find out China is hiding $3 Trillion in foreign currency reserves. In Stock News, Overstock gets a screaming deal on BBBY's assets, Lordstown Motors files for bankruptcy and flying taxis get one step close to reality. Over in the Crypto Corner, Coinbase's legal argument sounds like a 5-year-old wrote it and the SEC calls all spot BTC ETF applications "inadequate". It's the end of the month, and the chances for the Bulls to finally get a win take a hit when someone picked the wrong crypto...
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Links:
Market Gains Concentrated in 7 Stocks
School Loan Payments Due in October
China is Hiding $3 Trillion of Foreign Currency Reserves
Joby Stock Soars After Receiving Permits for Flight Tests
Lordstown Motors Files for Bankruptcy
Social Media App Shuts Down, Admits 95% of Users are Bots
COIN says SEC Lacks Authority to Bring Lawsuit
SEC Calls Blackrock, Fidelity BTC ETF Applications 'Inadequate'
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