Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Welcome to Wealthy VC’s Capitalist Countdown
The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of September 19th – 25th, 2022.
5. Top 3 Stocks to Short Based on Negative Technical Outlook
With Stock Market Sentiment Growing Increasingly Bearish, Investors Are Left With Few Options to Continue Generating Profits in This Bear Market
Rather than sitting on the sidelines or making risky long bets, many experienced investors are Shorting stocks as a means to keep the gain train rolling.
Digital World Acquisition Corp., the SPAC That Plans to Take the Trump Media and Technology Group (TMTG) Public, is Being Accused By a Consultant of Failing to Pay Money Owed to Them For Assisting DWAC With Its Recent Shareholder Vote, Which Failed to Move the Merger Forward
The Digital World Acquisition Corp. (NASDAQ: DWAC) CEO reportedly told the consultant, Saratoga Proxy Consulting, that they did not have the funds to pay them, causing investors to panic and DWAC stock to plummet.
3. August Inflation Numbers Come in Hot, Stock Market Tumbles (VIDEO)
For Those Hoping That Inflation Had Peaked and Would Begin Coming Down, the August CPI Report Was a Punch to the Gut
Overall Inflation came in 8.3% higher compared to August 2021, with most economists expecting 8% or lower, causing the stock market to sell off sharply.
READ FULL INFLATION DATA ARTICLE
2. YouTube Finally Has a Serious Competitor, and the Company Just Went Public (VIDEO)
After Entering the Lexicon of the Average Retail Investor in 2020, Special Purpose Acquisition Companies, Aka SPACs, Have Had a Less Than Stellar Run of it Since
Previously a niche vehicle, SPACs exploded in popularity when the country received stimulus cheques during the pandemic. While some high-profile SPACs have failed miserably, others, such as CF Acquisition Corp (CFVI), have faired much better, successfully bringing YouTube’s first proper competitor, Rumble (NASDAQ: RUM), public on the NASDAQ.
1. VIDEO: Fed Hikes Rates Another 0.75 Points as Inflation Fight Continues, Market Volatility Spikes
The U.S. Central Bank Announced it Has Again Raised its Benchmark Interest Rate By 0.75 Percentage Points
The Federal Reserve also forecasted the likelihood of future rate hikes well beyond current levels until it reigns in inflation.
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