Three Things (8/28)
Aug 28, 2023
“There is substantial further ground to cover.” - Federal Reserve Chair Jerome Powell
Powell's tightrope talk
At the Kansas City Fed's annual symposium, Fed Chairman Jerome Powell emphasized the importance of maintaining financial stability while also keeping the door open for additional rate hikes. Powell has continued to be upfront about the challenge of tampering inflation without triggering a recession.
That said, Fed officials worry that recent data shows the economy may not be slowing the way they expected. Powell's reminder of the journey ahead briefly captivates the stock market's attention. “Two months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal,” Powell said.
Xpeng EV power play
Chinese electric vehicle startup, Xpeng, has made a substantial $744 million acquisition of Didi Global Inc’s smart car arm, signaling a big step in its rivalry with Tesla. This strategic alliance not only seeks to push the boundaries of global smart electric vehicle adoption but also introduces a new sub-brand, "Mona," which is scheduled for a 2024 debut under the Xpeng umbrella.
The collaboration extends beyond automobiles, encompassing marketing, financial insurance services, charging infrastructure, and global outreach. By partnering with Didi, Xpeng intends to leverage Didi’s user base of 587 million active users. As the industry continues expanding rapidly, Xpeng may be well-positioned to establish a strong international foothold.
Renaissance riches
Beyoncé's call for fans to wear silver or chrome outfits during the final stretch of her Renaissance World Tour has ignited a sales frenzy on Etsy. Sequin Fans, a seller, boasts a 200% surge in silver apparel sales and a robust 400% boost in overall traffic. Another store observed a quadruple surge in web visits, largely attributed to "Renaissance Tour" searches.
The sales boost is a testament to the considerable economic clout wielded by megastars like Beyoncé and Taylor Swift. Without a doubt, this summer has been a strong reminder of how cultural icons shape consumer behavior.
© Copyright 2023 Titan Global Capital Management USA LLC. All Rights Reserved.
Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept and agree to Titan’s Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities or investment products. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings and other information provided are for illustrative purposes only and are not to be considered investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.
Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.
Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.
The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.
Cryptocurrency advisory services are provided by Titan. Cryptocurrency trading is provided by Bakkt Crypto Solutions LLC ("Bakkt Crypto"). Bakkt Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Bakkt Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency execution services are provided by Bakkt Crypto (NMLS ID 1828849) through a software licensing agreement between Bakkt Crypto and Titan. Please ensure that you fully understand the risks involved before trading: bakkt.com/disclosures.
Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.