In today’s briefing:
- EQD | SPX Index : CPI Data Is Set to Raise Inflation Fears Again.Use Daily Options to Play the Event
- The Electric Dream
- Enhancing Focus on B2B2C; Sunsetting Consumer App
- How Attractive Is Coca-Cola’s Dividend As The Company Reports Full Year Results?
- Bitcoin And The Tax-Loss Harvesting Rally
- The End of BUSD
EQD | SPX Index : CPI Data Is Set to Raise Inflation Fears Again.Use Daily Options to Play the Event
- January CPI is due on Tuesday 14th and the market is expecting the biggest rise since October
- The SPX has rallied over 7% since December but the Yield Curve has been moving higher and the equity rhetoric is turning negative
- We look at a short-term trading opportunity in the options market to play the print
The Electric Dream
- Over a dozen companies focused on building out Electric Vehicles have gone public through a SPAC merger in the past two years, albeit with mixed results.
- Legendary Motorcycle Maker Harley Davidson shocked the public markets in 2021 when it announced that it was spinning off its EV segment LiveWire through a $1.8 billion SPAC merger.
- The move came as the legacy bike maker has faced a period of slowing sales, losing market share to competitors, and failing to reach younger first-time riders.
Enhancing Focus on B2B2C; Sunsetting Consumer App
- Bakkt is enhancing its focus onto scalable B2B2C products and sunsetting its consumer app.
- Bakkt will continue its core focus of providing businesses with crypto and loyalty experiences for their customers through SaaS and API solutions on a secure and compliant platform.
- President & CEO Gavin Michael commented that as the company continues to “gain traction with our B2B2C strategy, we are laser focused on providing our partners and clients with seamless solutions that best serve their needs.
How Attractive Is Coca-Cola’s Dividend As The Company Reports Full Year Results?
- Coca-Cola delivered nearly 36% total return in a matter of only two and a half years.
- There are a number of positive signs leading to a high probability of a dividend increase during 2023, according to the company’s full-year 2022 results.
- Coca-Cola (NYSE:KO) has been one of the best-performing large-cap consumer staple companies in recent years.
Bitcoin And The Tax-Loss Harvesting Rally
- Bitcoin sold off in December and rallied in January for a reason.
- Big banks are coming with a digital payments option. Big banks will have a digital payment option in the coming days.
- Bitcoin sold off last month and rallied again in January, with a rise in popularity in the wake of contagion.
The End of BUSD
- Price Movements: cbETH, Coinbase’s liquid staking derivative, started trading at a discount after news broke that the SEC had fined Kraken $30mn.
- Market Liquidity: LocalBitcoins shut down after 10 years of service after competition and a prolonged bear market sapped trade volume.
- Derivatives: ETH options markets look bullish but more volatile than BTC.
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