📉 You hate to see it, Amazon

Amazon's a shamazon | America's basket doth runneth over | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for July 30th in 3:02 minutes. 😴 It’s all bitcoin this, bitcoin that these days. But Grayscale’s Rayhaneh Sharif-Askary thinks ether deserves some love too – especially considering how much it could be worth by 2030. Rayhaneh will be joining us for [An Intro To Investing In Ethereum]( on August 12th, and you should too. [Get your ticket here]( Today's big stories - Amazon's earnings came in below expectations as bricks and mortar stores reopen their doors - Almost everyone agrees stocks won't climb much further, but one world-leading strategist thinks the only way is up – [Read Now]( - Fresh data showed the US economy grew less than expected last quarter Mom And Flop [Mom And Flop] What’s Going On Here? Amazon [announced]( weaker-than-expected quarterly earnings late on Thursday, and the tech giant’s stock fell 5% as the pandemic continues to weigh on the little guys the hardest. What Does This Mean? Amazon’s ecommerce business has done seriously well from the rise of stay-at-home shopping, but that momentum was only ever going to stumble when stores reopened. And right on cue, the segment’s revenue only grew 16% last quarter compared to the same period in 2020 – a significant slowdown from the 44% of the quarter before. On the plus side, at least the working-from-home trend is still going strong despite the loosening of restrictions. That suits Amazon’s cloud computing segment – whose sales grew by a better-than-expected 37% last quarter – just fine. Why Should I Care? For markets: If it’s not one thing, it’s another. In-flux lockdown restrictions are having the most significant impact on Amazon’s share price right now, but something else entirely could be driving its stock before too long. Speculation is [rife]( that Amazon will start accepting bitcoin as a payment method as soon as next year. And if it does, its stock price might start to correlate with the OG crypto’s price – just like it did with [Tesla's](. Zooming out: Is Robinhood a steal? The arrival of a big-hitter like Amazon onto the crypto market could also drive up trading volumes, which would be good news for commission-free trading apps like Robinhood. And it could certainly do with some: the company made its stock market debut on Thursday at $38 a share – the low end of what it had hoped for. That "only" valued the entire company at $33 billion, and its shareholders – many of whom were customers – were disappointed: Robinhood’s stock [fell]( 8% on its first day of trading. You might also like: [Here’s what “AmazonPrimeCoin” could mean for the company and the crypto market.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Mom And Flop&utm_campaign=daily-global-30-07-2021&utm_source=email) 2. Analyst Take Why Does This Strategist Think The Only Way Is Up? What’s Going On Here? US stocks are up [17% this year](, and they’ve been setting record highs almost every day lately. The market’s so strong, in fact, that the average Wall Street strategist now thinks stocks are [bound to pull back]( by the end of 2021. Not Michael Purves: the Tallbacken Capital analyst just [increased]( his year-end target for the S&P 500 to a massive 4,800 – nearly 10% above the current level. And naturally, we wanted to know [why](. So that’s our interview for today: [why Michael thinks stocks have so much higher to climb](, and his thoughts on bitcoin’s price too. [Read or listen to the Insight here]( SPONSORED BY INVESTENGINE That portfolio is so you Look, no one knows what kind of investor you are better than you. That’s why [InvestEngine]( launched its [DIY portfolios](: to give you a way to invest just the way you like. Here’s how it works: Choose from a handpicked range of ETFs. There are [over 150 of them](: they’re low-cost and diversified, and cover stock markets, bonds, and commodities. Personalize your portfolio. You get to dictate the balance you want in your portfolio, adjusting [where and how much money you invest](. Let your investments do their thing. You can trust [InvestEngine’s smart technology]( to buy and sell based on your portfolio weights when you want it to. Throw in commission-free investing, one-click rebalancing, and a simple-to-use app, and you’ll be totally in control every step of the way. [Check out InvestEngine’s DIY portfolios here.]( [Choose Your DIY Portfolio]( Impulse Buyers [Impulse Buyers] What’s Going On Here? Fresh data out on Thursday showed the US economy didn’t grow as quickly as it was expected to last quarter, but determined Americans are going to keep giving it their best shop. What Does This Mean? The US economy’s annualized [growth]( of 6.5% looks good on paper, sure, but there were two smudges on Thursday’s update. First, that growth was well below the 8.4% investors were expecting. And second, it was barely any improvement on the first quarter’s 6.3%, even though lockdown restrictions have kept easing. You can’t sell what you don’t have, after all, and supply [shortages]( mean there’s a lot the US doesn’t have. But you can’t fault American shoppers: they’re doing their best to stimulate the biggest part of the US economy, personal consumption, which grew at an annualized rate of 11.8% – its second-biggest gain since 1952 ([tweet this](). Clearly government [stimulus checks]( and rapid [job growth]( are working wonders… Why Should I Care? For markets: The Fed isn’t going anywhere. Bad news for the economy could spell good news for markets, which might be why US stocks actually rose on Thursday. Weak data means the US Federal Reserve (the Fed) is more likely to stick to the support measures – near-zero interest rates and monthly bond purchases – that have been propping up markets so far. The Fed’s admitted as much, [saying]( as recently as this week that there’s a lot of progress to be made before it thinks about stepping back. The bigger picture: A boost in waiting. The US president’s ambitious economic plans got a big push forward this week after the US senate [approved]( a $550 billion infrastructure deal. That’s less than the proposed $2 trillion-plus, but anything is better than nothing after the deal looked like it might trip at the final hurdle. The new spending will focus on projects like roads and bridges, as well as on expanding high-speed internet and green infrastructure projects. You might also like: [The 17 stocks poised to benefit from America’s infrastructure plan.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Impulse Buyers&utm_campaign=daily-global-30-07-2021&utm_source=email) 💬 Quote of the day “There’s nothing more powerful than not giving a f**k.” – Amy Schumer (an American stand-up comedian and actress) [Tweet this]( SPONSORED BY LEDGER Safety first Cryptocurrencies are everywhere. But you might not be as familiar with the nuts and bolts of [how to invest in crypto safely](. See, there are plenty of possibilities when it comes to buying crypto – possibilities that offer varying levels of security. With [Ledger](, though, safety is key. Here’s the difference: when you buy crypto on some exchanges, your tokens stay there, on the exchange. That means it’s technically the exchange that owns them – and exchanges can get hacked. But if you store your crypto in a [hardware wallet](, it’s safe. With [Ledger](, that’s where your tokens are automatically sent every time. In fact, [Ledger’s wallet]( is the world’s most popular – partly for that very reason. And right now, you’ll [get 20% off]( to start your crypto journey. Just use code FINIMZE20L. [Get Started With Ledger]( When you support our sponsors, you support us. Thanks for that. 🎯 On OUr Radar - Simone Biles said no. How the [greatest gymnast of all time]( set a new, different example. - This is what happens when you start lifting weights. Even at [71 years old](. - There’s no need to compromise on your portfolio. You can have [zero commission, complete ease-of-use, and smart technology](.* - Thousands of dollars for six days of misery. Or, [the Fyre Fest of summer camps](. - The teen tycoons of Depop. Young people are making [real money]( selling clothes online. When you support our sponsors, you support us. Thanks for that. 🌎 Finimize Live 🤓 The math checks out Apparently $7 trillion changes hands on the forex market every day. So we asked our analysts to crunch the numbers, and they’ve found that, yep, $7 trillion is a lot of money. And that means there are some big opportunities waiting to be scooped up for the savvy investor. That’s [How To Make Money From Money](. 💰 [How To Make Money From Money](: 3pm UK time, August 4th 🎨 [Are Collectibles Worth All The Hype?](: 6pm UK time, August 9th 🏡 [How To Buy Property Without Buying Property](: 6pm UK time, August 10th 🤖 [What’s Next For DiFi in 2021?]( 1pm UK time, August 11th 🔥 [How To Invest In The Next Big Thing](: 5pm UK time, August 11th 🤑 [What Will Ether Be Worth in 2030?]( 5pm UK time, August 12th ✅ [How To Be Greener About Bitcoin](: 1pm UK time, August 17th 💥 [How To Profit From The Commodities Boom](: 5pm UK time, August 18th 🔌 [Strategies To Supercharge Your Investments](%20to%20supercharge%20your%20investments/?utm_campaign=daily-global-30-07-2021&utm_source=email&utm_medium=Daily%20Global%20Edition%20Users): 1pm UK time, August 20th 😎 [How To Profit From Smart Contracts](: 5pm UK time, August 24th 🤔 [Are You An Investor Or A Trader?](: 12pm UK time, August 25th ♻️ [How To Turn Your Portfolio Green](: 6pm UK time, September 23rd ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. 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