It's relatively quiet week where the highlights will be the latest global PMIs, the Aug 23 US-China tariff deadline, the minutes from the last FOMC and ECB meetings and, of course, Jackson Hole looms at the end of the week.
The information technology sector accounts for 60% of the increase in S&P 500 profit margins over the past 20 years. Meanwhile firms ex tech, healthcare and consumer discretionary, have seen zero margin expansion this century.
With the advancement of blockchain technology into supply chain management, everyone involved in production, shipping, wholesaling and retailing of all products, from precious stones to perishable food products, can be made aware of each link in the supply chain as each is connected.
Overstock.com soared 25% after Hong Kong-based PE firm GSR Capital announced it would invest as much as $375MM in exchange for equity in the retailer, as well as its tZero blockchain subsidiary at a $1.5 Billion valuation.