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10 things before the opening bell

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1. World shares are a sea of purple after the Fed confirmed it’s prepared to taper. Oil is sliding for the sixth straight day as rising Delta variant circumstances solid a cloud on demand outlook. Check out the latest moves on the markets.

2. The US froze almost $9.5 billion of Afghanistan’s reserves after the Taliban seized energy. The rebel group now faces a money crunch and foreign money pressures. Here’s what the freeze could mean for their remaining assets.

3. Consultants say Chris Camillo made $42 million buying and selling equities – however he isn’t into meme shares. Camillo makes use of a way he named social arbitrage, the place he identifies funding alternatives by scraping social media platforms for early developments. See how he finds out information before Wall Street.

4. On the docket: CITIC Securities, Kohl’s, and Macy’s, all reporting.

5. ‘Massive Brief’ investor is betting on Cathie Wooden’s downfall. Michael Burry revealed a bet against Wood’s flagship Ark ETF this week, and predicts the subsequent market crash will go away her on the outs. Here’s what Burry himself bought and sold in Q2.

6. File highs out there pushed the world’s largest sovereign wealth fund to an enormous half-year. Norway’s Norges Financial institution Funding Administration has generated a 9.4% return in 2021 to date – translating to $111 billion. These are the fund’s largest holdings.

7. The SEC charged three former Netflix workers for insider buying and selling that totaled greater than $3 million. A former Netflix worker reportedly tipped personal details about Netflix’s subscriber progress to his buddies. More on the alleged insider trading ring here.

8. Funding legend doubled down on his crypto conviction and acquired shares of Coinbase. The crypto change firm has been down almost 24% since going public. Invoice Miller has been bullish on digital currencies for years, reportedly shopping for bitcoin when it was $500this helped propel him into billionaire status.

9. A cash supervisor is betting on a handful of upstart shares to grow to be the subsequent FAANGs. The tech-focused chairman of a $4.9 billion agency thinks FAANG shares have seen their day, making manner for smaller tech companies like MercadoLibre – get his four stock picks.

10. Bitcoin’s headed to six-figures, says famed funding strategist. Bitcoin and ether have big upside, says digital foreign money bull Lyn Alden. She sees altcoins as largely “smoke and mirror” – except for these two that could surge.

Compiled by Phil Rosen. Suggestions? E-mail prosen@insider.com or tweet @philrosenn.

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