electric, power, energy-6309369.jpg

Today in the Market (7/15/2022)

Good Evening. The recovery of American stocks on Friday ended a four-day losing streak on Wall Street. Better-than-expected retail sales figures and a surprise earnings beat from Citigroup helped to boost sentiment (C).

The Dow Jones gained 2.15%, while the S&P 500 increased by 1.92%. The Nasdaq also finished in the green by 1.79%.


Despite reporting better-than-anticipated profit and revenue on Friday, Citigroup Inc. (C) saw its profitability decline with Wells Fargo & Co. due to more challenging market circumstances than in the prior year.

  • Reveune: $19.64 billion vs. $18.22 billion expected
  • Earnings Per Share: $2.02 vs. $1.55 expected

“In a challenging macro and geopolitical environment, our team delivered solid results and we are in a strong position to weather uncertain times, given our liquidity, credit quality and reserve levels,” she added. “We intend to generate significant capital for our investors, given our earnings power and the upcoming divestitures.”

The bright spots for Citigroup included its bond trading and other trade solutions units, which turned in its best quarter in a decade “as clients took advantage of our global network”, she said. Citi’s markets unit booked a 25% boost in revenue, but its investment banking and wealth management units struggled amid lower deal flow.


power, electricity, line-1549123.jpg

The grid operator in Texas is directing facilities to run at a historic rate, frequently forcing them to put off maintenance so they can keep producing electricity as the scorching Texas heat drives power demand to record highs. For the time being, this has helped keep the lights on, but the short-term perspective is straining a system that is already close to breaking point…

Officials have twice in the past week urged Texans to use less electricity in the sweltering afternoons as demand veered dangerously close to exceeding supply. According to Michele Richmond, executive director of Texas Competitive Power Advocates, a generator industry group, there are already mounting concerns over how long power plants can maintain the strenuous pace while they work nonstop.

What are some things causing this? The circumstance demonstrates that the Texas system is depending on band-aid fixes for what is likely to become a long-term issue. The state is coping with an increase in demand due to a population boom. The growth of cryptocurrency mining over the past year has also brought with it the sector’s power-intensive processes. In the meantime, climate change has increased the likelihood and severity of extreme weather events that increase electricity demand, leading to circumstances like a lethal freeze in February 2021 that resulted in outages throughout the state.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?