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In today’s recap, Marcello talks about how Warren Buffett’s Berkshire Hathaway has been aggressively selling off billions in stock, including $896 million worth of Bank of America shares and around $8 billion in Vodafone since mid-July. Meanwhile, the Federal Reserve made headlines by cutting interest rates by 50 basis points on Wednesday—the first reduction in 2.5 years. Also, Apple shares fell -2.78% amid reports of sluggish demand for its latest iPhone models, with iPhone 16 sales down 12% compared to the previous year’s launch.

The U.S. national debt has ballooned to $35.378 trillion, and the Treasury Department has already spent $1 trillion this fiscal year. By the end of 2024, interest payments on the debt are projected to total $1.2 trillion, second only to Social Security spending at $1.5 trillion. Under Trump, the national debt increased by $7.3 trillion, but Biden has already surpassed that with $8.4 trillion in new debt.

The post September 22: Warren Buffet Sells Billions, Fed Drops interest rates, iPhone Demand Craters (Recap ep293) appeared first on Investing & Day Trading Education: Day Trading Academy.

This week saw a variety of significant developments across markets, commodities, finance, and international affairs. In the US, markets remained volatile with the Consumer Price Index (CPI) for core inflation showing an unexpected rise in August. Meanwhile, energy markets faced turbulence, with oil recording its worst week in nearly a year. On the other hand, precious metals rallied on Friday, fueled by optimism around potential interest rate cuts. In a notable legislative move, New Jersey eliminated sales taxes on gold and silver, adding momentum to the precious metals market.

Financial and economic news remained a mixed bag. Bolivian inflation hit its highest level in nearly a decade at a 12-month rate of 5.19%, while Argentina’s inflation for August was projected at 3.9%. German inflation, on the other hand, dropped to its lowest point in over three years, prompting the European Central Bank (ECB) to cut interest rates by another 0.25%, bringing them down to 3.50%. This reduction follows a similar cut in June, putting the ECB within striking distance of its 2% inflation target. Japan’s second-quarter GDP also saw a positive uptick of 2.9% on an annualized basis, reflecting a more optimistic economic outlook.

In the political arena, tensions were high with a second reported assassination attempt on former US President Donald Trump and an active shooter incident on a golf course. Violent crime statistics continued to paint a grim picture compared to 2020, with figures showing a 40% increase in violent crimes overall. Notably, car thefts were up 42%, aggravated assaults increased by 55%, and violent attacks by strangers surged 61%. These figures underscore growing concerns over public safety in many parts of the country.

Corporate news highlighted both challenges and opportunities. Samsung announced plans to slash its global workforce by up to 30% amid stiff competition from Apple and Huawei. BMW had a rough week, with shares dropping 11.15%, marking the automaker’s worst day in more than four years, largely driven by sluggish demand in China. Boeing faced another setback, with over 30,000 workers poised to strike after rejecting a new labor contract, threatening to halt production of aircraft, including the best-selling 737 Max. Ally Financial, one of the largest US banks, reported rising delinquencies and charge-offs, causing significant concern in the financial sector, while Big Lots prepared for bankruptcy, planning to shut down 1,400 stores across the country.

In technology, Nvidia shares rebounded significantly, climbing 8.15% on Wednesday and another 3% on Thursday, driven by rising demand for chips. Nvidia has seen an impressive 143% increase in stock price in 2024, reflecting the company’s growing dominance in the tech sector. SpaceX once again made headlines by successfully completing the world’s first private spacewalk, pushing the boundaries of commercial spaceflight. Meanwhile, internationally, South America’s Paraguay River hit a record low, hampering critical trade routes for soy, corn, and other exports, while Bolivia declared a national emergency due to raging forest fires.

The post September 16: 2nd Trump Assassination Attempt, SpaceX 1st private spacewalk, Consumers take huge hit (Recap Ep292) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello shows us how the U.S. stock markets have seen over $2 trillion wiped out in just six days, a loss equivalent to the entire GDP of Canada. With growing recession fears sparked by the latest jobs report, stocks have taken their worst hit since March 2023. Meanwhile, Tesla’s stock has surged nearly 5%, as the company prepares to expand its Full Self-Driving technology to China and Europe, pending regulatory approval. There are also some concerns rising in California, there might be an earthquake coming.

U.S. stock markets were far lower on Friday, in the worst trading week since March 2023, after the latest jobs report had investors increasingly concerned over possibility of recession. Concerns that AI demand won’t live up to lofty priced-in expectations hit tech shares. Anxiety about the economy has shaken markets again this week, sending the benchmark 10-year Treasury yield to its lowest level of the year, during a volatile trading day.

The post September 8: Stocks lost $2 TRILLION, Tesla full self driving in China/Europe, California earthquake coming (Recap ep291) appeared first on Investing & Day Trading Education: Day Trading Academy.

In US Market News, Monday marked the eighth consecutive session of gains for U.S. stocks, with traders anticipating Federal Reserve Chair Jerome Powell’s comments later in the week. The Fed’s latest policy meeting reinforced expectations of a rate cut in September. Powell confirmed that rate cuts are forthcoming but did not specify the timing. Additionally, new data indicated weaknesses in the labor market.

In Conspiracy News, reports suggest the Atlantic Ocean is cooling at a record pace, baffling climate scientists. Concerns are also mounting over high fluoride exposure in children, which has been linked to lower IQ and other neurodevelopmental issues. Notably, toothpaste labels now advise calling emergency services if ingested.

In Bitcoin and Crypto News, Japan’s banks are set to adopt XRP for transactions starting in 2025. This move places Japan at the forefront of digital currency integration, allowing nationwide XRP payments and rewards.

In Commodities and Energy, peace talks in the Middle East are reducing supply risks, while China’s economic weakness poses a threat to demand. Chinese refineries have reduced crude processing rates due to low fuel demand. U.S. crude futures fell 3.01% to $74.34, while Brent futures dropped 2.51% to $77.68. Gold has risen 22% in 2024, reaching an all-time high, with a bar of gold now valued at $1 million.

In Financial and Banking News, China plans to bolster its social security fund by 2.88 trillion yuan ($406 billion) to support its aging population, with 300 million Chinese expected to retire in the next decade. By 2040, half of the people over 65 in the Asia-Pacific region will live in China. Projections indicate China’s pension system could run out of funds by 2035.

In Economic News, Japan’s business activity hit a 15-month high in August, with growth in both manufacturing and services sectors. In the U.S., July home sales ended a four-month decline, with supply increasing by nearly 20% compared to last year.

In Political News, Venezuela’s Supreme Justice Tribunal upheld Nicolás Maduro’s presidential election victory on July 28. Meanwhile, Robert F. Kennedy Jr. withdrew from the presidential race and endorsed Donald Trump.

In Corporate News, Telegram founder Pavel Durov was arrested in France and faces up to 20 years in prison. Warren Buffett’s Berkshire Hathaway sold 13.9 million more major bank shares, reducing its stake to 11.9%.

In Technology, Taiwan’s TSMC, the world’s largest contract chipmaker, opened a new chip plant in Dresden, Germany. This move strengthens TSMC’s position as a key supplier to Europe’s industrial and automotive sectors, supported by 5 billion euros ($5.5 billion) in state aid.

In Interesting Facts, archaeologists discovered a giant rock in the Colombian Amazon with animal paintings dating back to around 12,500 BC. This find offers insights into the diet and mythologies of the continent’s early inhabitants.

The post August 25: Record Cooling Atlantic Ocean, Interest Rate Gods Respond, Warren Buffett Keeps Selling (Recap Ep290) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello let us know that gold continues to explode in value, reaching record highs as investors anticipate a rate cut from the Federal Reserve. Meanwhile, a “doomsday” fish has been discovered off the coast of California, raising concerns of seismic activity, and Japan has issued a stark warning, urging citizens to prepare for a potential mega earthquake.

The latest inflation data released on Wednesday has given investors confidence that a rate cut from the Federal Reserve is likely next month. The Consumer Price Index (CPI) showed prices rose by 2.9% over the past 12 months through July, which was below economists’ expectations of 3%.

A rare “doomsday” fish, the Oarfish, was found near the Southern California shore, raising concerns. Known as the largest deep-sea fish, the Oarfish has historically been linked to seismic activity, with more than 20 washing ashore in Japan just months before the devastating 9.1 earthquake in 2011. The governments of Japan and the Philippines are now warning citizens to prepare for a potential mega quake.

Iron ore prices hit their lowest level since 2022 on Wednesday, driven by concerns over global supply and demand imbalances. China’s steelmakers are in crisis, cutting output just as major miners boost exports. Futures fell for the fourth consecutive day in Singapore, with China’s steel production about 9% lower than a year ago, signaling a slowdown in the largest importer of seaborne iron ore.

In the UK, inflation rose to 2.2% in July, slightly below expectations. Meanwhile, the Eurozone’s GDP grew by 0.3% quarter-on-quarter in Q2, with employment rising by 0.2%. France saw its consumer prices increase by 2.7% year-on-year in July, slightly up from the previous month’s preliminary reading.

Huawei is preparing to introduce a new AI chip in a bid to challenge Nvidia’s dominance in China, especially amid U.S. chip export controls. The tech giant has been testing the latest chip in recent weeks and aims to start shipping as early as October.

Greece’s worst wildfire of the year spread into the Athens suburbs on Monday, forcing hundreds of people to flee as the flames crept on residential areas.

The post August 19: Gold cont to explode, Doomsday Fish found California, Japan Warns mega earthquake (Recap ep289) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello informs us that Warren Buffett has sold more stock in the last quarter than at any other time in Berkshire Hathaway’s history, signaling a potential collapse in the markets. Global stocks have taken a severe hit, with the U.S. experiencing its worst trading session in two years and Japan suffering its biggest point drop ever, driven by a carry trade liquidation following an interest rate hike. The fallout has been massive, with the “Magnificent 7” companies in the U.S. losing over half a trillion dollars in a single day, marking the worst day of trading since 1987. Meanwhile, as markets plunge, the U.S. is also grappling with record-breaking cold weather, with over 30 cities experiencing temperatures typically seen in October. Mainstream media has largely been silent on the dozens of nighttime low-temperature records being shattered across the country.

The 7 most-valuable U.S. tech companies, the Magnificent 7, lost a combined $1 trillion in market value, at the start of trading on Monday. The losses were later pared in the session ending down $650B in market capitalization. Nvidia shed over $300B in market cap at the opening bell, though it quickly recovered about half of its loss. Shares of the chipmaker closed down -6.4% for a loss of $168B. Apple & Amazon’s valuation plummeted $224B & $109B, respectively, at the market open. Apple ended down -4.8%, or $162B in market cap. Amazon dropped -4.1% at the close, or $72B.

The post August 11: Warren Buffett Sells Most Stocks Ever! Collapse In Stocks, Record Cold Weather (Recap ep288) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap Marcello shows us how Warren Buffett is signaling trouble ahead, with Berkshire Hathaway’s cash pile hitting a record $276.9 billion as he sold off major stocks, including half its stake in Apple. This marks seven straight quarters of selling, shedding over $75 billion last quarter alone. Meanwhile, FedEx is cutting daytime flights by 60% to save money, McDonald’s is seeing a drop in same-store sales for the first time since 2020, and Chevron is moving from California to Texas. On top of that, the assassination of Hamas leader Ismail Haniyeh in Iran is raising fears of a bigger conflict in the Middle East.

Berkshire Hathaway’s cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold significant portions of the company’s stock holdings, including half of its stake in Apple. Berkshire has been a seller of stocks for seven consecutive quarters, with the selling accelerating in the last quarter, resulting in over $75 billion in equities being shed.

The post August 5: Warren Buffet shows Stock collapse imminent, Companies Showing recession, Bigger War coming Middle East? (Recap ep287) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello tells us that Wednesday marked the worst day for the stock market since 2020, with a major sell-off wiping out $1.1 trillion from the US stock market. Major tech stocks took a significant hit, with many experiencing double-digit declines in a large tech rout. In political news, President Biden has officially ended his bid for a second term, endorsing Kamala Harris as the Democratic nominee. He intends to remain in office and serve out the rest of his term, which ends in January 2025. Additionally, Paris is facing a blackout crisis just ahead of the Olympic Games, adding to the global turmoil.

Although coffee futures fell Wednesday to 2 wk lows, both the high-end arabica beans favored by coffee chains like Starbucks & the more budget-friendly robusta variety have surged in price, thanks to major supply disruptions from Brazil to Vietnam. Up & down the supply chain, sellers have been raising prices & eliminating discounts to protect margins & many warn of further price increases. Coffee prices will keep rising until the middle of 2025, w/European consumers set to pay even more, as new deforestation regulations kick in. Expectations of another production shortfall in Vietnam, world’s top producer of robusta, is fueling a surge in prices for the bean variety used in blends & espressos.

The post July 28: Worst Day Stocks since 2020, Blackout Paris for Olympic Games, Kamala officially running President (Recap ep286) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, we’re diving into some major stories shaking things up around the world. First off, we experienced the largest IT outage in history, which has thrown businesses and services into chaos across the globe. From banking systems to airports and transport, the outage has exposed vulnerabilities in our digital infrastructure. Meanwhile, Elon Musk is relocating SpaceX’s headquarters from California to Texas in response to new state regulations, marking a significant shift for the tech industry. And a recent study shows that over half of cancer deaths in the US could be avoided with lifestyle changes, highlighting the impact of our daily habits on our health.

Elon Musk has announced plans to move the headquarters of SpaceX and X (formerly Twitter) from California to Texas. This decision comes in response to a new law signed by California Governor Gavin Newsom that prohibits schools from requiring parents to be notified of a child’s gender identification change. The relocation to Texas, a state known for its more business-friendly regulations and policies, is seen as Musk’s stance against California’s legislative direction. This move could have significant implications for the tech and aerospace industries, highlighting the ongoing tension between state policies and corporate decisions.

The post July 21: Largest IT outage in history, Elon Musk moves SpaceX to Texas, Cancer can be avoided by Lifestyle (Recap ep285) appeared first on Investing & Day Trading Education: Day Trading Academy.

This week, the main news is the shooting at Donald Trump’s rally in Butler, Pennsylvania, which is being investigated as an attempted assassination of the former president and presumptive Republican nominee. The Secret Service killed the suspected shooter, who attacked from an elevated position outside the rally venue. Trump called for unity and resilience as leaders across the political spectrum reacted to the shooting.

In U.S. Market News, Federal Reserve Chair Jerome Powell suggested that the central bank is paying greater attention to when it will cut interest rates as economic growth and the labor market continue to cool. The S&P 500 closed at +0.55%, marking its 25th record close for the year.

In Bitcoin & Other Cryptocurrency News, the German government has been selling hundreds of millions of dollars worth of Bitcoin for weeks.

In Commodities & Energy, India and Russia are likely to agree on a long-term uranium supply pact for nuclear power in the southern state of Tamil Nadu. Indian Prime Minister Narendra Modi will visit Russia on Monday and Tuesday for the first time in five years, and is expected to hold talks with President Putin and possibly deliver strategic deals, including a military agreement.

In Financial & Banking News, unemployment jumped to a four-year high, triggering the Federal Reserve’s dreaded Sahm Rule, indicating a recession. The monthly inflation rate dipped in June for the first time in over four years, decreasing by 0.1% from May and putting the 12-month rate at +3%, the lowest level in over three years. This makes it more likely that the Fed will start lowering interest rates later this year.

In Economic News, U.S. consumer sentiment fell to an eight-month low in July as high prices continued to weigh on Americans’ views of their finances and the economy. The U.S. Labor Department reported that the producer price index (PPI) rose by 0.2% in June, slightly more than expected, due to the rising cost of services. Investors still expect the Fed to start cutting rates in September.

In Corporate News, Tesla shares rose by 3.71% on Tuesday to $262.33. Morgan Stanley maintained its overweight rating on Tesla. In May, Tesla’s market share in the U.S. EV market was 15%, but it fell below 50% in Q2. The stock is now in its 10th straight positive day, having erased all year-to-date losses and surged about 75% since hitting 52-week lows in April. The stock is up 40.91% in the past three months but down 3.00% for 2024.

In Technology, Samsung launched the Galaxy Ring, its first foray into “smart rings.” The Galaxy Ring is a lightweight ring equipped with sensors designed for 24/7 health monitoring.

In International Events, mass tourism troubles in Barcelona reached a fever pitch as protesters threw items and sprayed travelers with water guns and canned drinks while shouting “tourists go home.” Protesters used thick police-style tape to block hotel entrances and sidewalk cafes in Barceloneta and marched with a large banner demanding that city officials “decrease tourists now.” The U.S. National Weather Service said a widespread heat wave is expected to deliver record temperatures along the U.S. West Coast, with 36 million people under excessive heat warnings. Temperatures are running over 20 degrees above normal in places like Redding, with Death Valley National Park projecting highs near 130F (54C) through next Friday. Las Vegas hit 120 degrees, setting a new all-time record.

The post July 14: Trump Assassination Attempt, Barcelona Attacks Tourists, Tesla Explodes (Recap Ep284) appeared first on Investing & Day Trading Education: Day Trading Academy.