News from johnpatrick.com

Space Launches

SpaceX had another amazing Falcon 9 launch. On Friday morning, four astronauts from three countries safely lifted off from Cape Canaveral at 5:49 a.m. aboard a SpaceX Crew Dragon. On Saturday morning, they will be docked to the International Space Station. There will then be 11 astronauts on the ISS. A lot of important scientific experiments going on up there. Astronauts are amazing people. The current crew of four civilians all have masters degrees in engineering. One has a PhD. They are all enthusiastic and serve as great role models for young people.

Wall Street

My MAGFA stocks were mostly flat after a very volatile week. Not sure why Uber took a hit. They are struggling to find enough drivers but I would think that is a good sign. Coinbase took a very big hit related to crypto. See crypto section to follow.

Bitcoin and Etherum both fell after experiencing a lot of volatility. The total market cap of all 9,000+ cryptocurrencies fell 16%. A 10% drop in Bitcoin is no big deal from my point of view. It has done that many times. Ethereum has had a huge run-up also but sold off some today. The leading call for why the sell off is the Biden capital gains tax. The threat gave those who have amassed huge crypto gains an excuse to sell now and save on taxes.