Let’s jump in.
1. Lumber prices are still lofty despite recent weakness, but an expert says they’ll fall back to pre-pandemic levels within a year. It’s going to continue being a rocky ride, but one investment chief explains why prices will eventually return to normal.
2. Global shares are getting hit by the surge in cases linked to the delta variant. Here’s what market watchers are saying about the flare-up in risk aversion.
3. An $US875 ($AU1,190) mini bitcoin-mining rig has gone viral on TikTok. The video’s creator told us 3 reasons why it’s an appealing alternative for crypto traders, while also acknowledging its limitations.
4. On deck today: IBM Corp, Prologis Inc, PPG Industries reporting earnings, among others.
5. Meme stocks have been all the rage this year – and now new ones are popping up across the web. Reddit’s Wall Street Bets has driven stocks like GameStop and AMC skyward, but now these self-proclaimed apes are turning their attention elsewhere: These are the top 10 meme stocks right now.
6. The crypto revolution continues as Bank of America approves access to bitcoin futures. Even with bitcoin trading at less than half its all-time high, interest remains high. BofA’s move further highlights the growing push by institutions to get involved with digital currencies.
7. Watch out for a surge in value for the construction and industrial sectors. Morgan Stanley sees US businesses rushing to meet the rising demand of the post-pandemic world. Automation and decarbonization are influencing this surge, among these other trends that the bank highlighted.
8. PayPal is leaning further into digital currencies with its new purchase limit. Now customers can spend up to $US100,000 ($AU135,975) worth of crypto per week on PayPal. The company says they are aiming to be more flexible and offer greater autonomy to customers – get the full scoop here.
9. Goldman Sachs is on the hunt for companies that will offer huge profit and sales growth. The firm says to buy these 16 stocks that fit the bill, and should thrive for years.
10. A Wall Street strategist who warned investors before last year’s 35% crash says he sees more red flags. Sven Henrich lays out the latest reasons he thinks another slump into a bear market could be looming.
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