Market Update 09-08-24

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Happy Friday everyone! 👋

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As always we’re back with our weekly news recap 📰

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Fact for the week 🤔:

📊 Volatility is the word of the moment. This week, both stock and crypto markets faced significant volatility like we haven't seen in years, with a sharp downturn on August 5th due to economic fears, followed by a strong recovery mid-week. Bitcoin even dropped to $50,000 before rebounding again to $62,000, while stocks also recovered after initial losses. The takeaway is, never invest based on emotions like fear or greed. ✅

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Onto this week’s updates 🚦

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🔴 Recession Risks Rise ⚠️

J.P. Morgan, one of the largest banks in the world, has raised concerns about a possible recession in 2024 affecting the United States and this is not to be disregarded given its the world's largest economy. CEO Jamie Dimon echoed warnings around economic uncertainty and inflation risks, although it has also expressed optimism about the economy’s ability to withstand these challenges. One never knows what will happen, so focus on value. ✅
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🟡 Rare Cars Investment 🚘

We often say that rare assets are the ones that increase more in value over time, and here's another example. Let’s imagine you would have bought one - or fraction - of an ultra-rare 2011 RUF Rt12 S ten years ago, valued around $400,000 to $600,000 USD. Now, one of these will be listed for auction at an estimated price between $950,000 and $1,200,000. Just ten years on and you could potentially have earned more than 130% on your investment, or an average of 13% a year. 💰
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🟢 Müller’s Golden Horse 🥇

Owning a horse might also bring you happiness during the Olympics! Thomas Müller, Bayern Munich and Germany legend, is celebrating a gold medal in the show jumping category at the 2024 Paris Olympics, won by his co-owned horse, Checker. Needless to say, winning a gold medal significantly increases a horse's value due to proven performance, breeding potential, and heightened market demand, so it should have resulted in a great investment for the football star. ⭐

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🎬 Hell of a week for financial and crypto markets. But as the saying goes “after the storm comes the calm” and we all deserve some calm during August! 🌊

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Find us at lympid.io ✅

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Lympid: Revolutionizing investments for everyone.
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