‘Tuesday The 13th’ Proves Unlucky For The Stock Market – $KITT $PGY $SHIP $VIX Rise!

Happy Tuesday!

I hope that you had a great second day of the week and that this message finds you in good spirits. As for the stock market on Tuesday, most investors had a significantly rougher day than usual, that is, unless they were short the market as it was red from the start and a deeper sort of red by the time the closing bell rang. Today’s session, in my estimation, was due for a pullback after the recently significantly positive 4-day swing, however, the markets were also essentially hi-jacked by the higher than expected CPI or inflation data that surfaced from the macroeconomic schedule on Tuesday. The Total CPI report confirmed a .1% M/M rise in August, while core CPI came in .6% higher M/M. On a Y/Y it showed a rise of total CPI of 8.3%, while core CPI came in at 6.3% higher. Investors now believe that an interest rate hike of 75 basis if not 1 basis point at the September 20-21 FOMC meeting is a forgone conclusion. The yield curve jumped considerably and remained inverted with the 10-yr moving up by 8 basis points to close at 3.42% & the 2-yr note moving up by 20 basis points to close at 3.76%. The US dollar index also jumped 1.4% to close at $109.86. Some moderately good news came in the form of oil prices moving lower by .4% to close at $87.49/bbl. Interestingly, the schedule also provided the NFIB Small Business Optimism report which came in higher at 91.8, while the Treasury Budget report for August confirmed a $219.6B deficit. 

In reaction, to the realization that inflation was still not under control and that interest rates would most likely be on the rise, investors sold somewhat indiscriminately today across all stocks and repriced assets.  Declining issuers outpaced advancing issuers by 8-1 on the NYSE.  The S&P 500 closed at 3,932.69 (-4.32%) with 11 of the 11 sectors closing in the red & as the communication services sector took the biggest hit with a 5.6% loss on the day. The Dow also ended the session at 31,104.97 (-3.94%) as Dow component and tech giant Apple (AAPL) closed decidedly lower by 5.87% to close at $153.84 and as all Dow 30 components closed in the red.  The growth oriented and tech heavy Nasdaq took the largest hit of the day and closed at 11,633.57 (-5.16%) as EV and tech giant Tesla (TSLA) closed at $292.13, -4.04% and declining issuers outpaced advancing issuers by 10-3. The small caps on the Russell 2000 did not fare well either as it closed at 1,831.57 (-3.91%). The MicroCaps also moved lower represented by iShares Micro-cap ETF which fell 3.11% to close at $113.97.  Biotech stocks tailed as well as the SPDR S&P Biotech ETF (XBI) closed down by 5.12% to close at $84.14. The 52-wk range is $61.78 – $134.79. The iShares Biotechnology ETF (IBB) also moved down to close at $122.84, -4.5%. The 52-range is $104.29 – $174.45. A decent measure of the markets volatility or the CBOE Volatility Index (^VIX) closed at $27.27, jumping 14.27% as it traded with the range of $24.23 – $28.15. Volatility was certainly king today and most likely will be through to at least next week’s Fed decision. 

Around the crypto and precious metals’ tree, Bitcoin (BTC) moved sharply lower to $20,202.41, -9.69% over the last 24-hours at the time of this writing. Gold prices closed at $1,706/oz., -$23/oz. & silver closed at $19.36/oz., down $.48/oz. on the day. Two mining producers closed the day as follows: Hecla Mining Company (HL) closed at $3.98, -7.23% and First Majestic Silver Corp. (AG) closed at $7.92, -6.92. Hecla Mining Company and Alexco Resource Corp. (NYSE American: AXU; TSX: AXU) recently announced on Sept 7 that the Alexco acquisition has been completed.

 

 

On Aug. 25th, Atossa’s CEO, Dr. Steven Quay, M.D., Ph.D., and Kyle Guse, GC & CFO presented at Tribe Public’s Webinar Presentation and Q&A Event. During this complimentary event, Atossa management spoke of new opportunities for its inhalation therapy, AT-H201, to potentially treat lung injury caused by cancer treatment and were available for a Q&A session focused on Atossa’s research programs and future development. To watch the event video titled “The Important Role For Inhalation Therapy In Oncology” please visit the Tribe Public YouTube Channel. 

Borqs Technologies, Inc. (Nasdaq: BRQS), a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, recently provided the following updates on the Company.

• The Company has successfully signed a set of revised licensing agreements with the world’s leading mobile chipset vendor, which includes purchasing the 5G patent licensing agreement and use of the latest mobile chipsets. Borqs’ R&D team and sales team in India are working closely with partners and customers to build the 5G ecosystem in India, including the development of 5G phones, 5G gateways for residential and business premises, and other devices. Borqs has shipped more than 10 million wireless devices in India, including phones, tablets, wireless routers, and IoT products.

• According to the latest information from the India Minister of Electronics & Information Technology, 5G will be ready to be deployed by March 2023. It is expected all three mobile operators in India (Reliance Jio, Airtel and Vodafone Ideal) will launch the services around the same time. India is likely to be among top three global markets for 5G. India will have 500 million 5G users by 2027, accounting for 39% of all mobile subscribers. 

• Borqs currently employs approximately 300 staff worldwide, with more than 73% in India, 7% in the US, and 20% in China and other markets. The Company believes that the India market is strategic and critical to the Company’s business. Historically the India and the U.S. markets have been contributing the majority of revenues to the Company.

• India is one of the fastest growing economies in the world, and offers great potential for business opportunities. As the benefits of India’s economic growth, an increasing number of people are moving up to the middle class, with rising disposable income. India’s middle class is expected grow to 580 million people by 2025. Under the growing consumer spending trend in India, Borqs’ relationship with the largest India mobile operator will continue to help the Company to expand its IoT products in India.

• On July 15, Borqs Technologies announced that its majority owned solar energy storage systems subsidiary, Holu Hou Energy LLC (“HHE”), has signed agreement with Honokea Villages to deliver a major renewable energy generation and storage system to Honokea’s planned ecological sports training and Hawaiian Cultural facility in their “ahupua’a”, or local community. The development will have Olympic calibre training facilities for surfing, sport climbing, kayaking, beach volleyball, and more, and will serve as tool to celebrate athletics in Hawaii. The renewable energy system will feature over 3 MW of PV generation and over 4 MWh of energy storage, enough to power 100% of the operations of the facility, and will be financed under a 20-year power purchase agreement, or PPA. The system provided by HHE will begin construction in 2023 and its value is estimated at nearly $20M. This project is included in the $49.8 million of Q2 2022 signed contracts announced earlier this month. Honokea Villages was co-founded by Brian Keaulana in 2011 to address the need for Hawaiian Surf Culture to be incorporated into, what was at the time, the fledgling surf park industry. Now 11 years later there are 100+ surf parks being planned around the world with names like Kelly Slater and in places as foreign as Switzerland. “Honokea aims to ensure Hawaiian Culture is incorporated into every aspect of the planning of the family destination: excellence in sports, sustainability, arts and culture. It’s a place for the whole family that’s truly designed to benefit our community in as many ways as possible especially on our side of the island,” says Keaulana.

• HHE is a premier provider of an energy storage system that is engineered to provide a new level of resilience to homeowner, multi-dwelling units and businesses, giving energy security in uncertain and unstable times. The Holu system is completely integrated, meaning engineered and tested from the start, at the system level. Other suppliers piece together components made by multiple vendors in unknown factories with unknown work conditions, causing the customer to have questionable reliability, safety and performance when all the disparate pieces are put together. Our energy storage system is certified and warrantied as an integrated product, including our breakthrough “modular energy controller”, so you get resilience, safety and performance you can count on day in and day out, and you get “cloud-based” upgrades and performance enhancements based upon the rate structures you reside in.

Investing & Inspiration

1. “Adapt or perish, now as ever, is nature’s inexorable imperative.” – H. G. Wells
2. “Won’t be long before we view gasoline cars the same way we view steam engines today.” – Elon Musk
3. “The aim of life is to live, and to live means to be aware, joyously, drunkenly, serenely, divinely aware.” – Henry Miller
4. “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare
5. “Opportunity is missed by most people because it is dressed in overalls and looks like work.” – Thomas A. Edison
6. “Experience is one thing you can’t get for nothing.” – Oscar Wilde

7. “Any sufficiently advanced technology is indistinguishable from magic.” – Arthur C. Clarke

8. “Good questions outrank easy answers.” – Paul Samuelson

9. “Thinking: the talking of the soul with itself.” – Plato

10. “I don’t think of all the misery but of the beauty that still remains.” – Anne Frank

11. “All money is a matter of belief.” – Adam Smith

12. “People are not disturbed by things, but by the view they take of them.” – Epictetus

13. “Uncertainty is seen to retard investment independently of considerations of risk or expected return.” – Ben Bernanke

14. “I never called my work an ‘art’. It’s part of show business, the business of building entertainment.” – Walt Disney

15. “Hitch your wagon to a star.” – Ralph Waldo Emerson

16. “The greatest remedy for anger is delay.” – Lucius Annaeus Seneca

17. “Great minds discuss ideas; average minds discuss events; small minds discuss people.” – Eleanor Roosevelt

18. “Act as if what you do makes a difference. It does.” – William James

19. “Success – keeping your mind awake and your desire asleep.” – Walter Scott

20. “If I had to live my life again, I’d make the same mistakes, only sooner.” – Tallulah Bankhead

21. “When one must, one can.” – Charlotte Whitton

22. “Wealth consists not in having great possessions, but in having few wants.” – Epictetus
23. “If we open a quarrel between past and present, we shall find that we have lost the future.” – Winston Churchill
24. “Hope is patience with the lamp lit.” – Tertullian
25. “A single sunbeam is enough to drive away many shadows.” – Francis of Assisi
26. “With the past, I have nothing to do; nor with the future. I live now.” – Ralph Waldo Emerson
27. “Laziness may appear attractive, but work gives satisfaction.” – Anne Frank

28. “I never think of the future – it comes soon enough.” – Albert Einstein

29. Hope is but the dream of those who wake.” – Matthew Prior

30. “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul
31. “Real knowledge is to know the extent of one’s ignorance.” – Confucius

32. “Better keep yourself clean and bright; you are the window through which you must see the world.” – George Bernard Shaw

33. “Nothing great in the world has ever been accomplished without passion.” – Georg Wilhelm Friedrich Hegel

34. “History is a vast early warning system.” – Norman Cousins 

35. “We first make our habits, and then our habits make us.” – John Dryden

36. “The traveler sees what he sees, the tourist sees what he has come to see.” – Gilbert K. Chesterton
37. “Adventure is worthwhile.” – Aesop
38. “We must build dikes of courage to hold back the flood of fear.” – Martin Luther King, Jr.
39. “The return we reap from generous actions is not always evident.” – Francesco Guicciardini

40. “Courage is knowing what not to fear.” – Plato

41. “Science may never come up with a better office communication system than the coffee break.” – Earl Wilson

42. “Progress was all right. Only it went on too long.” – James Thurber

43. “If you would know strength and patience, welcome the company of trees.” – Hal Borland

44. “We aim above the mark to hit the mark.” – Ralph Waldo Emerson

45. “Hope is being able to see that there is light despite all of the darkness.” – Desmond Tutu

46. “Our chief want is someone who will inspire us to be what we know we could be.” – Ralph Waldo Emerson

47. “Patience is a virtue, and I’m learning patience. It’s a tough lesson.” – Elon Musk

48. “Great things are done when men and mountains meet.” – William Blake

49. “The man who has no imagination has no wings.” – Muhammad Ali

50. “Formula for success: rise early, work hard, strike oil.” – J. Paul Getty

51. “Action is the foundational key to all success.” – Pablo Picasso

52. “Hope is like the sun, which, as we journey toward it, casts the shadow of our burden behind us.” – Samuel Smiles

    “The backbone of surprise is fusing speed with secrecy.” – Carl von Clausewitz

53. “There are no shortcuts in evolution.” – Louis D. Brandeis

54. “I am fascinated by what is beautiful, strong, healthy, what is living. I seek harmony.” – Leni Riefenstahl
55. “If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.” – Henry David Thoreau
56. “Waste no more time arguing about what a good man should be. Be one.” – Marcus Aurelius
57. “It is during our darkest moments that we must focus to see the light.” – Aristotle Onassis
58. “Courage is fear holding on a minute longer.” – George S. Patton
59. “You must be the change you wish to see in the world.” – Mahatma Gandhi
60. “Don’t judge each day by the harvest you reap but by the seeds that you plant.” – Robert Louis Stevenson 
61. “It is in the character of very few men to honor without envy a friend who has prospered.” – Aeschylus
62. “Life is a series of natural and spontaneous changes. Don’t resist them – that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like.” – Lao Tzu
63. “The more you praise and celebrate your life, the more there is in life to celebrate.” – Oprah Winfrey
64. “Anything simple always interests me.” – David Hockney
65. “He who angers you conquers you.” – Elizabeth Kenny
66. “Concision in style, precision in thought, decision in life.” – Victor Hugo
67. “The secret of genius is to carry the spirit of the child into old age, which means never losing your enthusiasm.” – Aldous Huxley
68. “View health as an investment, not an expense.” – John Quelch
69. “The most effective way to do it, is to do it.” – Amelia Earhart
70. “Man needs his difficulties because they are necessary to enjoy success.” – A. P. J. Abdul Kalam
71. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha
72. “Nobody made a greater mistake than he who did nothing because he could do only a little.” – Edmund Burke
73. “You must do the things you think you cannot do.”- Eleanor Roosevelt
74. “Success is dependent on effort.” – Sophocles
75. “Nobody who ever gave his best regretted it.” – George Halas
76. “Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.” ~ Oprah Winfrey
77. “And when I breathed, my breath was lightning.” – Black Elk
78. “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
79. “You are the sum total of everything you’ve ever seen, heard, eaten, smelled, been told, forgot – it’s all there. Everything influences each of us, and because of that I try to make sure that my experiences are positive.” – Maya Angelou
80. “If you want a guarantee, buy a toaster.” – Clint Eastwood
81. “We are an impossibility in an impossible universe.” – Ray Bradbury
82. “If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people.” – Confucius
83. “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
84. “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
85. “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
86. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
87. Surprise is the greatest gift which life can grant us.” –  Boris Pasternak
88. “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran 
89. “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
90. “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
91. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –  Colin Powell
92. “There is more to life than increasing its speed.” – Mahatma Gandhi
93. “Your attitude is like a box of crayons that color your world. Constantly color your picture gray, and your picture will always be bleak. Try adding some bright colors to the picture by including humor, and your picture begins to lighten up.” – Allen Klein
94. “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
95. “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
96. “In matters of truth and justice, there is no difference between large and small problems, for issues concerning the treatment of people are all the same.” – Albert Einstein
97. “Life is too short for long-term grudges.” – Elon Musk
98. “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
99. “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
100. “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
101. “Ours is a world of nuclear giants and ethical infants. We know more about war that we know about peace, more about killing that we know about living.” – Omar N. Bradley
102. “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
103. “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
104. “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
105. “Let there be work, bread, water and salt for all.” – Nelson Mandela
106. “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
107. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
108. “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.” – Albert Einstein
109. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
110. “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
111. “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
112. “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
113. “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
114. “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
115. “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
116. “Delete the negative; accentuate the positive!” – Donna Karan
117. “It’s crazy how fast time flies and how things progress.” – Nathan Chen
118. “The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it.” – Albert Einstein
119. “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
120. “Everything has beauty, but not everyone sees it.” – Confucius
121. “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.” – John C. Maxwell
122. “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
123. “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
124. “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.” – Michelangelo
125. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
126. “I like to encourage people to realize that any action is a good action if it’s proactive and there is positive intent behind it.” – Michael J. Fox
127. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
128. “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
129. “Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.” – Andrew Ross Sorkin
130. “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
131. “No matter what you’re going through, there’s a light at the end of the tunnel and it may seem hard to get to it but you can do it and just keep working towards it and you’ll find the positive side of things.” – Demi Lovato
132. “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
133. “Educating our children and giving them the skills they need to compete in a global economy is a smart investment in our country’s future.” – Sheldon Whitehouse
134. “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
135. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
136. “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
137. “The sofa is a really important investment for anybody, and I don’t mean financially. You need to find a really great sofa that can transition with you, and you can build from there.” – Jeremiah Brent
138. “There is no investment you can make which will pay you so well as the effort to scatter sunshine and good cheer through your establishment.” – Orison Swett Marden
139. “Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.” – Marie Curie
140. “There is little that can withstand a man who can conquer himself.” – Louis XIV
141. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
142. “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
143. “The advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life.” – Bill Gates
144. “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese 
145. “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
146. “Never do anything against conscience even if the state demands it.”– Albert Einstein
147. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
148. “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
149. “In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?” – Li Lu
150. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
151. “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
152. “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
153. “Investing in women’s lives is an investment in sustainable development, in human rights, in future generations – and consequently in our own long-term national interests.” – Liya Kebede
154. “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
155. “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch 
156. “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
157. “The secret of getting ahead is getting started.” – Mark Twain
158. “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe