Episode 34: August up over 10% compared to other years.

August 31

Happy Monday.  I hope everyone had a nice weekend.  The market reached record gains in the month of August, up over 10% compared to other years.  Typically August is a slower month. I personally think things are a bit overbought but as we continue to see there is an upswing into September.

The conversations continue with TikTok as we are due to hear this week who will be the buyer for it to continue operating in the US.  Tesla and Apple stock price splits! This generally happens when the stock price gets too high and detours smaller investors from buying the shares.  When the stock splits it more accessible to a wider range of investors for example; there are more buyers and sellers for 10 shares at $10 than 1 share at $100. 

Finally, Zoom crushed their earnings as we see that the tech stocks continue to drive the markets. 

The market closed mixed today. 

Dow down slightly closing at 24,430

S&P down closed 3,500

Nasdaq another new record high closing at 11,775

You will be seeing many announcements this week focused on our Hispanic Heritage month celebration.  We will be broadcasting live on Pandocap.co for everyone to enjoy a free celebration of the Latino community.  If you would like to participate or watch please reach out or register on Hispanic Heritage page.  We have a very special program planned for everyone. 

Thanks again for tuning in and see you soon!