- The stock market (both DOW and S&P500) both logged their third week of losses this week ($44 billion has been pulled out of the market by investors over the past 4-6 weeks). Driven by consumer, financial, industrial, and energy sectors. If you’re optimistic about these sectors, then I do suggest investing now. Ironically, consumer sentiment has increased over the last month.
- Lending Club, an American peer-to-peer lending company, stock price fell by 35% this week after the Founder/CEO, Renaud Laplanche, erratically quit.