Harmon Brothers Disrupt the Historically Dry Finance World With Sardonic Office Takeover Guy

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As the U.S. continues to struggle with Covid-19, some Americans have used these uncertain times as an opportunity to scale their financial portfolio. Per a Fidelity Investments Market Sentiment Study released in May, 15% of Americans have been investing more into the stock market during the pandemic.
But what about the everyday Americans who want to start building their portfolios, but don’t know where to start? In comes investment system and weekly tech stock newsletter Profits Unlimited, edited by a team of advisers led by Paul Mampilly, a 30-year Wall Street veteran.
While the concept sounds intriguing, investment ads aren’t known for being exciting. Harmon Brothers, the Utah-based social media ad agency behind viral commercial blockbuster hits for Chatbooks, FiberFix, Poo-Pourri, Purple and Squatty Potty, aims to put the fun in finances with their campaign for Profits Unlimited.
“Office Takeover” stars Corey Landis, who balances sardonic quips about making regrettable

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The previous all time high of $1920.94 will be in focus

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  • Gold is trading nearly 4% lower on Tuesday despite USD weakness. 
  • The gold bugs will be looking at technical support zones and the previous all-time high is next.

Gold 4-hour chart

Gold seems to be losing some of it shine this week. Now the bulls will be looking for support zones and some of the long term holders could have been profit-taking after the record-breaking rally. Now the new all-time high stands at USD 2075.14 per troy ounce. If there is to be another turn higher then that will surely be the target.

Looking closer at the chart, the black horizontal support line at USD 1920.94 per troy ounce is the next support. This was also the previous all-time high from September 2011. Below that, there is also a red upward sloping trendline, it has only had two touches as of yet but it could be significant in the future. 

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Economic Data and the U.S Stimulus Bill in Focus

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Monday, 3rd August

Spanish Manufacturing PMI (Jul)

Italian Manufacturing PMI (Jul)

French Manufacturing PMI (Jul) Final

German Manufacturing PMI (Jul) Final

Eurozone Manufacturing PMI (Jul) Final

Wednesday, 5th August

Spanish Services PMI (Jul)

Italian Services PMI (Jul)

French Services PMI (Jul) Final

German Services PMI (Jul) Final

Eurozone Markit Composite PMI (Jul) Final

Eurozone Services PMI (Jul) Final

Eurozone Retail Sales (MoM) (Jun)

Thursday, 6th August

German Factory Orders (MoM) (Jun)

IHS Markit Construction PMI (Jul)

Friday, 7th August

German Industrial Production (MoM) (Jun)

German Trade Balance (Jun)

French Non-Farm Payrolls (QoQ) (Q2)

The Majors

It was another bearish day for the European majors on Friday, with the CAC40 sliding by 1.43% to lead the way. The DAX30 and EuroStoxx600 weren’t far behind, with losses of 0.54% and 0.89% respectively.

Negative sentiment towards the economic outlook weighed as the markets responded further to dire 2nd

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