Band of Traders - Together We Trade 07-30-22: Recession gets Redefined, AAPL's Revenue Continues Climb
This week China Shop favorite Fleri from OrderFlow Labs fills in for Dan to discuss the major stock market news from the past week. Listen along as he and Kyle discuss the redefining of the word recession, the latest rate hike from the Fed and potential legislation to ban stock trading by members of Congress. In Stock news, Juul has lost 95% of its value, AAPL sets revenue records and WMT announces plans to open remote general stores. In the Crypto Corner, Fleri talks about one of his favorite personalities in the space and makes the first Bet pick of August in the new format of Bulls vs Random. We also let Fleri pick the consequences for last month's loser, and he did not disappoint!
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Links:
Economy Shrinks in Second Quarter, Signals Unofficial Start of Recession (Usually)
White House Changed the Definition of a Recession
Dems Announce Legislation to Ban Lawmakers from Trading Stocks
Manchin Announces Deal with Schumer on Reconciliation Bill
Fed Raises Rates by 75bps at July FOMC
MO's Juul Investment Has Lost 95% of its Value
AAPL Beats Earnings, Sets Revenue Record
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