Zaid Admani
๐ค SpeakerAppearances Over Time
Podcast Appearances
In fact, 3M is a staple holding in dividend ETFs and income portfolios.
But the stock is down more than 4% today.
And I don't think it's because of earnings.
It's just there's a broader market sell-off right now happening due to the Greenland headlines and tariff threats by Trump and the EU.
So kind of a bad morning to report earnings, I gotta say.
Let's wrap the show with a fun fact.
The New York Stock Exchange is developing a platform for trading tokenized securities.
Parent company of the New York Stock Exchange called Intercontinental Exchange said they are working on a new system that would let people trade digital versions of stocks and ETFs 24 hours a day, seven days a week.
And these tokenized stocks would settle instantly on a private blockchain.
So traders won't have to wait for days for trades to settle and it would happen instantly, which is something that happens in crypto.
Clearly, the New York Stock Exchange has been inspired by how crypto works.
Crypto trades 24-7.
It settles almost instantly.
So it makes sense to bring this blockchain tech and tokenization to the stock market.
Now, this platform still needs approval from the SEC, but I think it'll happen.
I mean, I do like the fact that we have a market open and closed time right now, but you got to admit it is pretty archaic in today's world.
I mean, we're already off to a wild start this week and we haven't even talked about earnings yet.
So it's gearing up to be a very interesting week.
By the way, if you guys want some bonus content, go check out our deep dive that we did over the weekend about the Federal Reserve.
And also check out our interview that we did with Bloomberg reporter Ashley Carman.