Retail Sales Numbers, the Chip Shortage and DeFi

0 | By Strategic Tech Investor Staff

First Read with Strategic Tech Investor

What’s Happening This Week

The big question is; will Black Friday sales give a big enough boost to beat U.S. retail sales numbers that come out on Wednesday. There is definitely a possibility that this number looks good as supply chain issues have pushed consumers to buy products early to prepare for the holidays. We also once again expect a significant amount of volatility as more details emerge regarding the Omicron variant and inflation fears remain at the back of people’s minds.

Strategic Updates

Chip Shortage Continues

Every week there is more news regarding the chip shortage, with JPMorgan analysts now pointing to mid-2022 when we start seeing things let up. This has helped our big pick for the shortage back in August, SiTime Corp. (SITM), whose chips are found in everything from smartphone to missiles. Check out our video here. Since we last talked about them, the stock is up over 50%.

Volatility Continues to run this market

Given how volatile the markets have been the last few weeks, it’s important to take a step back and ignore the noise. I recently shared my thoughts with The Watch List, which you can watch here.

What We Are Watching

Coinbase Getting into DeFi.

We’ve talked about Coinbase several times this year and they continue with one big move after another by adding new cryptocurrencies and even announcing an NFT platform. This time, they are making DeFi more accessible by making it possible to earn yield on Dai, a stablecoin offered in Coinbase. If you are interested in learnings more about the world of DeFi, click here and learn from Tom Gentile, a top cryptocurrency trader.

Cheers and good investing,

The Strategic Technology Investor Team

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