We have noticed a proliferation of pundits, newsletter hawkers, and even mainstream market analysts focusing on one aspect of the bitcoin market. Big money, institutional money, public markets money, is soon to flood into bitcoin. Or so they say.
Following up on last week's story that sent grocer - and Wal-mart - stocks tumbling, when Amazon annonced it would cut Whole Foods prices as soon as Monday, Bloomberg reports that according to channel checks, "Amazon spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market" by as much as 43%.
It's official pic.twitter.com/sJcCJNrt5b
— Jason Del Rey (@DelRey) August 28, 2017
After last week's relatively quiet economic calendar and focus on Central Banks, when we finally heard from both Chair Yellen and Mario Draghi on Friday, attention this week turns back to data. In a relatively busy data week ahead - particularly for the US - focus will likely be on Friday's NFP, Q2 GDP revision on Wednesday, ISM manufacturing reports on Friday and inflation prints from the Eurozone.
Key events across the globe:
Buy Gold As Washington "Stumbles" Advise Blackrock