This week promises to offer up another batch of news updates and promising investment opportunities that will surely entice the market minded.
With Virgin Galactic’s test mission successfully returning to earth, big news on inflation, President Biden’s upcoming meeting with Angela Merkel and Big Bank earnings reports headlining the week ahead, there’s definitely no shortage of news updates to review.
As such, today we look forward in preparation for the trading days ahead.
Unity 22 Returns to Earth
Gene Roddenberry may have said it best when he called space our world’s “final frontier.” This is just as true today as it was at the time of the premiere of his now famous television series “Star Trek” in 1966.
Well, not much has changed since the mid 60’s as the world continues to fight for space dominance. While foreign entities are definitely among those in the fight, it seems that the idea of space travel, especially commercial space travel, has taken the imagination of a large group of billionaires who are eagerly pursuing space as their next conquest after finding Earth’s challenges less enticing to their delicate and entrepreneurial pallets.
On Sunday, Virgin Galactic launched and successfully returned its Unity 22 crew into orbit 53 miles above Earth. Among the crew was the company’s founder Richard Branson who, himself, was on board to test the astronaut cabin experience.
With Branson attaching himself to the list of billionaires fighting for commercial space dominance, it’s no surprise that his rivals such as SpaceX and Tesla founder Elon Musk managed to chime in this weekend offering his support and wishes on a successful mission with his tweet which simply stated “Godspeed!”
Jeff Bezos, another space rival who continues to race Branson and Musk to obtain the first commercial space flight with his Blue Origin program, also managed to send his support to Branson via Instagram, writing “Wishing you and the whole team a successful and safe flight tomorrow.”
With the successful mission now completed, Monday, investors will have their first chance at trading Virgin Galactic and other space exchange-traded funds post flight. Keeping this in mind, many investors look for space related stocks to be a hot ticket item in the days ahead…
More News on Inflation
If that wasn’t enough to start your week out, in the world of inflation, Federal Reserve Bank of New York President John Williams is expected to deliver his keynote speech before the “Inflation: Dynamics, Expectations and Targeting” virtual event Monday. A speech that many on Wall Street will look to as a reflection on the future of inflation rates in the United States.
Biden and Merkel to Meet
In Washington, President Biden is expected to meet with German Chancellor Angela Merkel at the White House where the two leaders will “affirm the deep bilateral ties between the United States and Germany” according to White House press secretary Jen Psaki.
Psaki continues, “The leaders will discuss their commitment to close cooperation on a range of common challenges, including ending the COVID-19 pandemic, addressing the threat of climate change and promoting economic prosperity and international security based on our shared democratic values.”
Big Banks Dominate
… And we must not forget the expected earnings reports being released this week. With Bank of America, Citigroup, PNC Financial Services, Morgan Stanley, US Bancorp, Wells Fargo and others expected to report their most recent quarterly earnings, it looks like the financial world will dominate the earnings reports in the days ahead.
Learn More Here…
As you can see from the long list of events occurring this week, there’s many news updates that could impact the markets and your investments during the week ahead…
As such, we urge you to do all you can to protect your investments and be prepared for any occurrence that might find its way to impacting our bank accounts.
If you’re interested in being as prepared for the days ahead as possible, join DTI founder and 40 year market expert Tom Busby below as he shares his plan of attack for the days ahead in the latest edition of his Sunday Night Planning Session!
P.S. – Are you interested in getting your feet wet in the markets but are afraid to take a chance on an uncertain investment? If so, we may have just the program for you…