Episode 31: Pre-Pandemic levels.

Happy Monday I hope everyone had a great weekend.  The markets kicked off at levels pre-pandemic and we continue on record highs. August is typically a slower month but this year it is looking very busy with Berkirshe having many 13F filings and more IPO activity. Of course, the tech sector continuing to lead and pull the market up.  

This week we have Walmart, Nividia, and Target all reporting earnings and we will highlight their results.  

Then SpaceX is scheduled to launch the 11th batch of Starlink satellites which my husband is watching closely because it will lend itself to faster internet access in places that there are current gaps like wine country.  You know we have to have our wine and the internet! 

We are hearing that there could be another market rally even if there is a change in the political party in November.  Investors believe Biden won’t do a massive tax increase because he will take into consideration the pandemic impact. 

Moving on to markets, they closed mixed today. 

Dow closed slightly lower 27,844

S&P slightly up 3,381

Nasdaq up closing at 11,129

IPO 

This week we have three biotechs, a medical imaging company, and three SPACs are scheduled to go public. The IPO market is still in the midst of its most active August since 2013.

Robinhood is continuing to drive retail investors to the market as they get an infusion of $200 million which puts their valuation at $11.2 billion. This is yet more evidence of how the startup has transformed the trading industry and emerged as one of the winners of the pandemic.

Finally, we are excited to celebrate Hispanic Heritage Month on September 14.  It’s going to be a special celebration for everyone to enjoy.  You can register for the event on pandocap.co.