In D.C. Friday, President Biden signed a controversial executive order that looks to take aim at corporate consolidation and Big Tech...
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| Goodbye Corporate Consolidation: Biden Signs Controversial Executive Order |
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In Washington Friday, President Biden signed a massive executive order that looks to take aim at corporate consolidation and the Big Tech sector. The order's intentions, per the Biden administration, are to crack down on anti-competitive practices in Big Tech and a variety of other industries. Biden called this move a "critical step" towards making the U.S. economy more inclusive. Despite praise from members of his own party on his signing this most recent executive order, however, Biden has managed to stir up a bit of hostility within the opposing party including members of the U.S. Chamber of Commerce who currently vow to "vigorously oppose" many of the order's regulations... |
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This was a rough week in the markets as many investors started voicing their concerns about the stability of the U.S. economy in the months ahead due to the recent announcement of yet another virus variant spreading throughout South America. ... But never fear! Despite the roller coaster ride investors went on in the past few days, your friends at DTI still managed to pull a few winners out of our hat! Check below for the latest examples of some of this week's winners! - 7/6/2021 -- Primetime Stocks booked a 21% winner on the GNRC, Aug 20th, 420/430 debit call spread
- 7/7/2021 -- TCASH booked a 19% winner on the XLU, Aug 20th, 65/66 credit call spread
- 7/9/2021 -- TCASH booked a 12% winner on the X (US Steel), July 9th, 24/23 credit put spread
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Many investors were recently riding high as markets continued down a path of what looked like unstoppable growth. For anyone who's been playing the markets for a considerable amount of time can tell you, though, there's no such thing as "unstoppable growth" in this industry… Any doubts about the factuality of that statement were laid to rest Thursday morning as growing markets began to take a turn for the worse as news spreads of yet another virus variant in our midst. |
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The markets may have been closed Monday, but that didn't stop Amazon from continuing on with their plans for Jeff Bezos to hand over the company's reigns to now acting CEO Andy Jassy. Jassy, who has previously been the CEO of Amazon's Web Services sector is now taking control of the entirety of the company after former CEO Jeff Bezos successfully led them through 27 years of continued growth from an online bookseller to the $1.75 trillion global retailer it is today... |
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