08 July Watchlist 👀

Today We’re Watching the Brazilian Real and Walmart 

Bolsonaro, the president of Brazil, has contracted coronavirus. Of course, we wish him well, but this compounds a bear case for the Real pitted against most other currencies. It’s likely that if Bolsonaro gets taken out or down, political pressure will force business shutdowns, and progress towards herd immunity will go wasted.

Bolsonaro isn’t a believer in lockdowns. He thinks the suffering from job losses is too great, and he won’t be getting another term for thinking that. The country has remained open where possible, but it’s interesting to compare the iShares MSCI Brazil exchange-traded fund (ETF), that has still barely kept afloat, with the S&P 500 in America. 

The latter is soaring despite rising cases, and the same for the iShares fund for Sweden, also revived as the nation follows a herd immunity model. Let the debate rage on!

Also, Walmart is putting up a heroic fight against Amazon.

It’s made all the right decisions to protect its market share, testament to a phenomenal management team that investors are keen to take a stake in. The market was all ears to an announcement from Walmart yesterday about its answer to Amazon Prime.

It’s Walmart+, a subscription service costing just shy of one hundred dollars per year. You get same-day groceries and fuel discounts at Walmart gas stations. However, the Prime ecosystem is a flywheel already up to speed and serving all kinds of needs. More information about Walmart+ will be released for investors this month.

We’ll bring it to you! 

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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