CodyWillard

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Nvidia at highs. Equifax at new lows. Let's discuss.

In this podcast, I talk about what the most likely catalyst for the next stock market crash is, why I'm selling the bitcoin at $100 and am now the only former bull turned bear on bitcoin, whether or not you'll actually like the iPhone X, how Amazon could be one of dozens of trillion-dollar stocks and much more. Introducing The IAm Cody Willard App: Exclusive interactive Live Streams about stocks, politics and life, plus all of my tweets, Facebook posts, Trading With Cody, Podcasts, a Fan Chat Room and more. iPhone- https://goo.gl/95QJXu Android- https://goo.gl/1EG3E1

Jay Leno joined Cody Willard, Ross Mark and Mike Alexander on The IAm Show. Jay talks The IAm Jay Leno App, about if he'll be appearing on David Letterman's new show, what it would take for him to host another talk show (think $100 million), whether or not he'll do a TV show for Apple or Netflix next, why it's so fun to watch Jay Leno's Garage on The IAm Jay Leno's Garage App, why the best way to buy tickets for his stand up comedy is on The IAm Jay Leno App and much more!

Cody Willard discusses the how to predict and profit from the Fed's bubbles and crashes, why you have to just keep buying more Amazon stock (Alexa is changing the world), how to balance your portfolio and much more.

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Let’s talk markets. I guess right now you can’t talk markets without talking politics. Comey. Fired. The FBI Director fired by the President of the United States who is under investigation by the FBI for Russian influence in the elections. I guess that is the best way to put it. Comey's now former Bureau is in charge of that investigation. That is a big deal today and everyone is talking about it. The futures were down pretty good this morning after that news hit last night. Of course, things stabilized and the $DJIA is down fractionally and the $SPX and $COMP are up fractionally as I speak. Oil is up a couple of bucks.

Guys, we go through these geopolitical worries a lot. They very rarely turn into catalysts. Meaning, almost every day, especially with Trump because of his tweeting activity being so prolific, he is in the news every day. And, then something like this, it’s real news. Is it a catalyst? It’s a worry. I was sick to my stomach a little bit this morning when I started reading about all of this. I didn’t watch it last night because I was taking care of Lyncoln. Amaris is up in Albuquerque at the hospital by the way and I am going to get out here this afternoon to go see her.

I click on all these stories about Comey and read NY Times, Wall Street Journal, NY Daily News, NY Post. The NY Times is the Democrat/Liberals’ version of serious news. Wall Street Journal is the Republican/Conservative’s version of serious news. The Post is Republican/Conservative for “tabloid-ish” take on the news and the NY Daily news is that for Democrat/Liberals. This is one of those things I talk about all the time. That even those fine institutions I read every day, those historic storied institutions I read every day like this, they are all partisan. When you read their takes on news like today, the partisanship always rings clearly through if you go back-to-back in reading those newspapers. Going back to it, it made me worried reading all of those newspapers today. Their partisan takes, you know the Republican rags try to make it sound like it is no big deal or real positive and the Democrat rags make it sound like it is betrayal. The last time it happened, of course, was when Clinton fired his FBI Bureau Chief in 2003 and it sounded essentially almost like the same reported reasons that there was no confidence in the Director and the Director lost the ability to manage the FBI efficiently or well.

So, I was worried about it. Yeah. I don’t like the optics of Trump the President being under investigation and firing the head of the Bureau that is supposed to be investigating him. A lot of what is happening with Trump and the volatility of it all worries me. Does that turn it into a catalyst though? That’s the rub. Does it become the catalyst that makes the markets crash or go lower even or get a 5% or 10% pullback to price in some of my internal worry and many other millions of Americans internal worries.

Remember how I kept saying that President Trump would turn out to be extremely friendly to giant corporations and banks and how he wouldn’t be anything like the so-called Populist he pretended to be?

Long-time readers and those who used to watch me on TV would also remember that I kept saying that President Obama would turn out to be extremely friendly to giant corporations and banks and how he wouldn’t be anything like the so-called Hope and Change candidate he’d pretended to be.

Well, did you know that the guy Trump has put in charge of fixing Fannie Mae and Freddie Mac was the head of the Morgan Stanley mortgage packaging unit and got himself and his firm in big trouble for selling crap to Fannie Mae and Freddie Mac doing their part to help cause the Great 2008 Financial Crisis? “As the leader of Morgan Stanley’s mortgage desk during the peak mortgage-mania years of 2004 and 2005, he ran the operation that bundled loans and sold them to the two government-sponsored enterprises. When those loans blew up and the government sued Morgan Stanley, Mr. Phillips was a named defendant in the initial case — a case that resulted in the firm paying a $1.25 billion settlement.” (See NY Times: The Man in Charge of Fixing Fannie and Freddie Knows Them All Too Well.)

And also regarding Trump, did you see these headlines about Trump’s economic policy so-called “shifts”?

See all over today: 3 Trump Reversals Hint at Shift From Populism to Wall St. “Mr. Trump backtracked from labeling China a currency manipulator, said that he no longer wanted to eliminate the Export-Import Bank, and that he might retain the chairwoman of the Federal Reserve.”

Does that sound like populism and/or reform?

Going back to Obama, you do remember that Obama expanded the trillions of dollars of bank bailouts when he took office, right? And just as I’d explained along the way, Obamacare, Frank-Dodd, and every other bill that passed during Obama’s Administration was written by corporate lobbyists. And just as I’d predicted, those policies did indeed help drive corporate and bank profits and profit margins and share of GDP to all-time highs along with the stock market.

There’s a lot of denial from any Republican or any Democrat who’s stuck in the partisan noise/distractions/propaganda and any pundit/writer you see is full of commentary about “Well, we need to see what the Trump administration…”

Let’s try to keep our http://TradingWithCody.com analysis, at least, partisan-free when we analyze the economy, the stock markets, the politicians in power, etc.

Trading With Cody Conference Call #2 by CodyWillard

Here is the transcript to this week's Trading With Cody Q&A Conference Call.

Cody: Welcome to the first ever old-fashioned telephone conference call for Trading With Cody.

Let's start with today’s news: Everyone is looking at the healthcare bill. Will it be passed or not? What will the market’s reaction be to it after it is or is not passed?

Feet to fire, I don’t think it will get passed today in its current iteration and I think the market will be flattish to up afterwards. I think everyone is expecting the markets to sell off if it doesn’t pass. Everyone expected the markets to crash after Trump got elected or never come back after Brexit.

Over the course of the years, we’ve all seen especially in short term swings, short term day to day movements in the markets, sometimes look like there is a catalyst or reason behind them, but as I always tell people, it is really hard to read too much into 10s of 1000s of stocks and how they are trading intra-day with billions people with tens of billions of reasons for buying or selling them. Clearly, I wouldn’t try to game the vote one way or the other.

Now let’s just jump into questions: