Band of Traders - Together We Trade 07-10-21: Biden Targets Tech while Germans Suppress it
In this week's episode, Dan and Kyle discuss the big executive order signed by Biden on Friday, before getting into the German auto emissions scandal. They also dive into China cutting its reserve requirements for banks and Wells Fargo's decision to end personal lines of credit. For trading, both the guys made some questionable decisions and in Crypto, Elon Musk pops up again. The bet stays close one week in as both the guys look for an edge.
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Links:
China cuts reserve requirement for banks
German Car Makers Fined over $1 Billion
Wells Fargo closing personal lines of credit
Melvin Capital down Almost 50% in First Half of 2021
Stocks at Highs, but Market Breadth is Weak
Bitcoin Metric Flashes "Buy" Signal
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