🤓 Should you cash in on Coinbase?

Brits are numbing the pain | China says "cut" | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 23rd in 3:04 minutes. 💥 You – yes, you – are invited to the first-ever NFT event for the retail investing community. Join us for [NFT Fest]( on June 15th, and hear a host of expert speakers tell you where, why, and how to profit from this explosive era. [Get your free ticket now]( Today's big stories - UK retail sales were up in April, as Brits hit the bottle - Our analyst has looked into whether you should buy Coinbase now it’s fallen so far – [Read Now]( - China slashed a key interest rate, as it tries to piece itself back together Under The Influence [Under The Influence] What’s Going On Here? Data out on Friday [showed]( UK retail sales unexpectedly jumped in April, then stumbled around a bit, then started a fistfight with a pigeon. What Does This Mean? After two consecutive months of declines, the number of goods sold in UK stores and online climbed 1.4% in April from the month before. That might not sound like much, but it blitzed the 0.2% drop economists were expecting at a time when inflation is at a 40-year high. Then again, the bulk of the gain was driven by an uptick in supermarket alcohol and tobacco sales. That not only suggests that the cost-of-living crisis is forcing Brits to entertain themselves at home, but that they’re plying themselves with liquor and cigarettes to sand the edges off this otherwise miserable existence. We know we are. Hic. Why Should I Care? Zooming in: Get used to this. Economists haven’t been fooled by April’s retail rebound, arguing that things are only going to get worse – maybe even recession-worse – as Brits are forced to tighten their belts over the next few months. For one thing, the UK government has recently made the unsympathetic move of increasing both taxes and the limit on how much energy giants can charge customers. And for another, shoppers are forking out extra for just about everything: they spent 13% more than in a pandemic-free February 2020 last month, even though they only bought around 4% as many products. The bigger picture: Recession warning. Disposable incomes in Britain have now fallen almost as fast as they ever have done, which might be why data out last Friday showed UK consumer confidence [fell]( to its lowest level in nearly 50 years this month ([tweet this](). It’s now sitting below an ominous level that’s generally preceded a big dropoff in household spending, which itself has gone on to lead to a recession. You might also like: [Brits have loads of savings. So what’s the catch?]( 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=Under The Influence&utm_campaign=daily-global-23-05-2022&utm_source=email) Analyst Take Should You Cash In On Coinbase? [Should You Cash In On Coinbase?]( By Jonathan Hobbs, Analyst [Coinbase]( made its stock market debut amid the euphoria of a crypto bull market. And now, just over a year later, this pioneering crypto exchange has found itself [85% lower]( than when it listed, after crypto has fallen well and truly out of favor. Still, consider that Cathie Wood’s Ark Invest – which invests in innovative companies with massive growth potential – has recently [bought $30 million]( worth of the company’s stock. The question, then, is whether the company has [enough cash]( coming through the door to make it worthwhile, and whether its [regulatory efforts]( will pay off in the long run. So that’s today’s Insight: how Coinbase’s [fundamentals and technicals]( are looking, and [whether it’s a buy](. [Read or listen to the Insight here]( SPONSORED BY THE MOTLEY FOOL No mo’ investing FOMO Wish you’d bought into Amazon back before it got big? How about Netflix? Those two stocks have something in common, besides being in the tech world: [The Motley Fool]( spotted them before they blew up. The ship might’ve sailed on Amazon and Netflix, but you can get The Motley Fool’s [report on the next five hot stocks](, so you know what to look out for. The report is [totally free](, and the stocks won’t break the bank either: they’re all under $49 right now. Get ahead of the next big thing: [download your free report](. [Get Your Free Report]( Xi No Evil [Xi No Evil] What’s Going On Here? China [cut]( a key interest rate by a record amount in a bid to boost its struggling economy. What Does This Mean? China’s property slump and the government’s zero-Covid policy have left the country’s economy black and blue, with consumer spending and industrial output last month [plunging]( to their lowest levels since the pandemic began. That’s left the country scratching its head as to how to mitigate the slowdown, and it seems to have hit upon a solution: it just announced a record cut to a key interest rate that underpins mortgage lending from 4.6% to 4.45%. The lower rate – which will be applied to new mortgages immediately and existing mortgages next year – is a significant move to boost demand for loans and prop up the country’s all-important property sector, which makes up around a [quarter]( of the Chinese economy. Why Should I Care? The bigger picture: China has plenty in the tank. China is under a lot of pressure to meet its own growth target of about 5.5% this year – a goal that’s looking increasingly unachievable as it keeps up its stubborn fight to eliminate Covid. But you can’t fault its chutzpah: Bloomberg estimates that the country will pump $5.3 trillion into its economy this year, in the form of government spending, interest rate cuts, and more. That figure equates to roughly a third of China’s economy, and it’s not even its upper limit: the country spent more on itself in 2020, suggesting it can raise the stakes even more if it needs to. Zooming out: China and America could do a switcheroo. China might believe its growth target is still achievable, but economists at Bloomberg certainly don’t: they’re convinced China’s economy will grow just 2% this year, compared to the US’s 2.8%. If they’re right about that, it’ll be the first time since 1976 that China’s economic growth undershoots America’s. You might also like: [Chinese stocks have slumped – should you buy the dip?]( 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=Xi No Evil&utm_campaign=daily-global-23-05-2022&utm_source=email) 💬 Quote of the day “Some people never go crazy. What truly horrible lives they must lead.” – Charles Bukowski (a German American poet and novelist) [Tweet this]( The NFT Fest is coming… You’re invited to the [first-ever NFT event]( designed for the retail investor community. You’ll meet leading experts from a whole host of sectors, and they’ll guide you through the dynamic digital world using a series of [Q&A sessions]( and [world-class workshops](. Plus, you’ll get to mingle with other like-minded Community members at our [wrap parties]( and [24/7 Discord conversations](. And here’s the cherry on top: you’ll get access to [competitions, merch, and NFT drops]( too. [Register for the Finimize NFT Fest today](. [RSVP Here]( 🌎 Finimize Live 🎉 Coming Up This Week All events are in UK time. 🧐 [A Guide To Investing In Derivatives](: 6pm, May 23rd 📈 [How To Invest Thematically](: 12pm, May 24th 🎨 [How To Build And Manage A Balanced NFT Portfolio](: 5pm, May 24th ⚡️ [How To Invest In The EV Revolution](: 1pm, May 25th 😎 [The Blockchain And Real Estate Revolution](: 6pm, May 25th 📈 [The Future Of The M&A Market](: 5pm, May 26th 📱 [How To Hedge Against The Chip Shortage](: 1pm, May 30th 📉 [A Guide to Automated Crypto Trading](: 6pm, May 30th 💪 And Then After That… ♻️ [How Green Bonds Can Fuel A Sustainable Future](: 1pm, May 31st 🏆 [Peer-To-Peer Vs. 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