📑 Research Notes for 2022-05-16
This week, we look at the popping of the blockchain technology bubble, the rising shortage of electricity, and the Terra Luna stablecoin story.
We conduct extensive investment research and share the most interesting content that we come across every week. Here is a curated list of this week’s top observations.
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Turn Off the Memes, This Party’s Over Like in 2000.
Look back almost a quarter of a century, and you might recall that the stock market plummeted in 2000 when it became obvious that shares had become too expensive. That epic market break revolved around valuations — the most overvalued stocks fell the most, and plenty of solid and previously unappreciated companies managed to keep delivering returns.
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Electricity Shortage Warnings Grow Across U.S.
From California to Texas to Indiana, electric-grid operators are warning that power-generating capacity is struggling to keep up with demand, a gap that could lead to rolling blackouts during heat waves or other peak periods as soon as this year.
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TerraUSD Stablecoin Plunges, Backers Seek Rescue Plan.
The TerraUSD algorithmic stablecoin continued to spiral lower, trading at less then 30 cents. Backers of the coin are trying to raise about $1.5 billion to shore up the token after it crashed from its dollar peg, according to the founder of a firm that was approached about the deal.
🔗 Source
Gemini, BlackRock, and Citadel Publicly Deny LUNA Manipulation.
In the latest update of the rumors surrounding LUNA’s market collapse, all parties involved in the allegations have publicly denied any involvement. The companies in question are Gemini, BlackRock, and Citadel. The rumor mill started after messages appeared on social media accusing the three companies of market manipulation.
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Last Week’s Market Performance Heatmap
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Curated by Joseph Lu, CFA®
Joseph is the founder and managing director of Conscious Capital Advisors and a CFA® Charterholder.
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