Wonder what traders are talking about today?
We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:
- Why gold may no longer be the safe haven you think it is
- Apple's plans to lock you in its iOS ecosystem
- How Hurricane Harvey is bringing out the best in some people
And more!
So check out these links right now and get up to speed:
1) Why Gold Is Less of a Haven These Days (Bloomberg)
Having waited patiently for the “any-minute-now” moment, gold investors are taking comfort from the recent rise in price in response to geopolitical tensions.
Yet the responsiveness of gold, as well as the overall price, appears weaker than would have been expected from historically based models — and for understandable reasons.
2) Trump hits road to tout tax reform as helping workers (Reuters)
President Donald Trump will turn his signature populist rhetoric toward tax reform on Wednesday in a speech expected to tout tax cuts as a way to help workers and the middle class in an economy “rigged” against them, senior White House officials said.
3) Scott Redler's Chart Attack: SPX, QQQ, TSLA, BABA, and AAPL (T3 Live)
T3 Live Chief Strategic Officer Scott Redler breaks down 5 key charts so you can understand how he's reading the market action at a confusing juncture.
4) This is Apple’s long game to ‘trap’ you inside the iPhone (Boy Genius Report)
No matter how much greener the grass might get on the other side, I’m certain I’ll never leave the iPhone/Mac ecosystem. I have everything I need inside iOS/macOS that switching to other operating system seems like a very bad idea.
Like me, there are millions of other people, and it looks like Apple is really interested in extending the iPhone “trap” for as long as possible.
5) Top Analyst: Amazon is about to take off (CNBC)
A widely followed research analyst said Amazon's acquisition of Whole Foods Market will add to the e-commerce giant's bottom line, quickly.
In his first note to investors since the buy-out of the organic grocery chain became official on Monday, Mark Mahaney of RBC Capital Markets raised his estimate for Amazon's 2018 profit by 10 percent.
6) What Getting Punched in the Face Taught Me About Trading (T3 Live)
On August 26, 2017, Conor McGregor and Floyd Mayweather squared off in the biggest combat sports spectacle of all time.
To celebrate this historic sporting event, T3 Live’s Ifan Wei, a former collegiate boxer, will teach you a simple boxing lesson that directly applies to trading.
7) Traders are no longer impressed by the biggest driver of stock market gains (Business Insider)
The stock market is becoming a victim of its own success.
Even when companies turn in impressive earnings reports, that strength isn't translating to higher stock prices.
8) Nation's largest oil refinery forced to shut down as Harvey floods Port Arthur (CNBC)
The largest oil refinery in the country is shutting down as Hurricane Harvey causes more catastrophic flooding.
Early Wednesday, Motiva said it started closing its Port Arthur refinery “in response to increasing local flood conditions.” The plant won't open until flood waters recede.
9) What Floyd Mayweather Can Teach You About Negotiation (Inc.)
Whether you have engaged personally in the sport of boxing or are just a fan of watching, there is much to be learned from the boxer mindset and performance that you can apply to your own life.
Here's how to dominate in a business negotiation in the same manner as Mayweather did this last weekend.
10) The Cajun Navy to the Rescue! (YouTube)
There's not much to say. In an era of unprecedented divide, the Cajun Navy shows America at its absolute best: