Band of Traders - Together We Trade 02-05-22: Earnings Report Fails while The Jobs Report Sails
This week in the China Shop, the recent NFP report takes center stage, as good news actually isn't so good... We also look at the latest developments in MJ reform before discussing China's propensity for cyberhacking. In Stocks and Options, Ford Facebook and PayPal get crushed post earnings and Ratheon looks bullish. Last on the watchlist this week is BP. Over in the Crypto Corner, quantum computing is hailed as a threat to Bitcoin and NFT artists are pumping up prices by selling their art to themselves. One week into the Bet and all three participants are green, but can it continue?
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Links:
Stocks Slide after Blowout Jobs Report
House Passes China Competition Bill
FBI Director Alarmed by China's Brazen Espionage
Schumer Plans to File MJ Legalization Bill in April
House Passes Measure that Includes MJ Banking
Ford Sinks Post Earnings as Shortages Affect Production
FB's $232 Billion Drop Sets Record
Quantum Computing's Threat to Bitcoin
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