Band of Traders - Together We Trade 03-04-2023: Sony Doth Protest Too Much...
This week in the China Shop, Joel fills in for Dan as he and Kyle dig into a bunch of news articles predicting a recession. In Stock News, Sony is forced to turn over 4 years worth of details of their exclusivity deals to MSFT after trying to stop the merger with ATVI, and Ford is developing the tech to allow vehicles to repossess themselves. Over in the Crypto Corner, Binance's troubles look to be growing after a report from Forbes shows similarities to the events that led to FTX's collapse. In The Bet, Joel learns the hard way how unforgiving Random can be...
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Links:
Fed Stresses Ongoing Rate Hikes in Report to Congress
Fed Has No Choice but to Push the US into a Hard Landing
Charles Schwab Sentiment Survey
Mark Mobius Warns of Investing in China
Sony Ordered to Reveal Trade Secrets to MSFT
Future Fords Could Repossess Themselves
Major Retailers Go Head-to-Head in Labor "Hoarding"
Binance Report from Forbes Shows Similarities to FTX
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