Here are three things people are talking about in the market this week
The Green Stalker: Is your asparagus trying to kill you?
Nope! Don’t believe the hype. A report surfaced the detail that asparagine causes cancer, and because that amino acid happens to be found in asparagus (as well as a million other foods that contain protein), the media has gone off on a tangent.
This American Council of Science and Health article sums it up nicely, read more here.
What this means for you: If you love asparagus, keep on keepin’ on. You don’t have anything to worry about beyond stinky pee.
Kale on wheels: Amazon will deliver Whole Foods in 2 hours
Amazon is trying to do for groceries what it did for books. The company is piloting a program in Austin, Cincinnati, Dallas, and Virginia Beach that will allow Prime members to order fresh items from Whole Foods and have them delivered in under 2 hours.
Read more about it on Fox News.
What this means for you: You’re getting your salads in a hurry if you live in one of the pilot cities. For the rest of us, it means that Amazon’s grocery competitors, like Instacart, will probably beef up their offerings. Instacart is already taking orders all over the world and constantly expanding their services.
Our CEO’s take on the market dip
In case you missed it, here’s our CEO Dave Fanger’s take on the market this week:
When the markets are down, like they are now, it’s easy to panic. Media is throwing around terms like “crash” and “snapping like a twig” and that can be unsettling, but the fact of the matter is that there have been more than 100 days when the markets have performed worse than they are right now.
Read more from the original email here.
What it means for you: Stay the course. This is not the time to start selling off your 401K, snapping up Bitcoin on the dip, or withdrawing everything in your portfolio. It’s a moment to breathe, just leave your money alone, and continue with your dollar cost averaging program.