Tim’s Tidbits 08.07.17

Trending: Bitcoin surpassed $3,400 per coin today and is now worth nearly three times more than an ounce of Gold. The Bitcoin Investment Trust $GBTC rallied at opening bell, pricing in big gains from a positive weekend of trading (FYI: Crypto-currencies trade 24/7).

"Bitcoin tops $3400 as investor confidence boosts it to record high" | CNBC

Equities: The Dow Jones Industrial Average opened positive this morning, holding the most recent milestone of 22,000 as corporate earnings validated market gains and Friday's hot U.S. payroll report renewed bets. According to FactSet, 73% of the S&P 500 companies that had reported earnings so far posted sales numbers above estimates.

"U.S. Stocks Higher, Helped by Earnings and Other Corporate News" | Wall Street Journal

Fixed Income: Tesla Inc. is making its debut in the primary corporate bond market, issuing $1.5 billion in debt. Elon Musk and his team intend to use the net proceeds from this offering to further strengthen its balance sheet and roll out the Model 3.

"Tesla Plans $1.5 Billion Bond Market Debut to Fund Model 3" | Bloomberg

Economics: Michael Gapen dubbed a “Goldilocks” moment for the economy: Wages are rising, but not so quickly that the Fed needs to intervene aggressively to head off inflation.

"U.S. adds a robust 209,000 jobs in July" | USA Today

Produced weekly by Tim Hooker, AIF® | 1-844-397-7767 Ex. 1

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