Day Trading Academy

In today’s recap, Marcello tries to explain how Chat GPT, which recently announced a paid version, has the potential to become the latest billion-dollar venture for Elon Musk; UAE and India are talking about using rupees instead of dollars to settle non-oil trades, which adds pressure on the dollar as a global reserve currency; and a new study suggests that the earth’s core may have stopped spinning or may even be spinning backwards.

U.S. orange juice prices are expected to rise to over $6.00 a gallon. Lowest crop in Florida in 90 years expected. First there was Hurricane Ian, followed by frosts, then Hurricane Nicole & then a greening disease working its way across the state. There will be 18 million boxes of 80 pounds each. 56% less than last season. Lowest since the 1936-37 season. There were 24 million boxes at the peak in the industry.

Shares of U.S. based Sherwin Williams engaged in the manufacture & trade of paint & coatings fell -8.92% on Thursday; Despite high inflation, rising interest rates & an energy shock U.S. gross domestic product (GDP) grew +2.1% in 2022.

The post January 29: Elon Musk’s next Billion dollar Co, Dollar Collapse immenent? Earth is in trouble (Recap ep212) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello addresses the situation where tech firms are on their way to more massive layoffs and its possible effects on the market; WEF assistants are being questioned for using thousands of private jets to attend the forum while claiming for greener ways of living; and Brazil’s lower than expected coffee harvest might cause an unprecedented coffee shortage across the globe.

According to data compiled by the Layoffs.fyi website over 55,000 global tech-sector employees have already lost their jobs in 2023. The total of global tech layoffs in 2023 has doubled this week. It had recorded just over 25,000 as of Tuesday. The data suggest 2023 is on pace to surpass 2022 for global tech redundancies, with 154 tech firms laying off 55,324 employees in the 1st few weeks of 2023. Last year, 1,024 tech firms laid off 154,336 employees.

the U.S. Federal Reserve is investigating Goldman Sachs Group’s consumer business to determine whether the bank had appropriate safeguards in place; India is now set to export a record 50M eggs this month; Cryptocurrency firm Genesis filed for Chapter 11 bankruptcy; New Zealand Prime Minister Jacinda Ardern will not seek reelection & plans to step down no later than early Feb; The U.S. has now had 2-consecutive monthly declines in retail sales.

The post January 22: More Massive Layoffs, WEF Saves Planet 1,000 Private Jets, Coffee Shortages (Recap ep211) appeared first on Investing & Day Trading Education: Day Trading Academy.

The egg shortage in the US brought on by the avian flu is leaving retail locations like Costco without eggs on their shelves; The Fed is likely to keep on track to further slow the pace of interest rate hikes due to inflation data showing cooling price pressures; and Airplanes across the USA were grounded and flights were canceled due to an FAA outage. This is the first time since 9/11 that all flights within the USA have been grounded. Last week, the airspace of Canada and the Philippines was also closed. These and other topics are discussed by Marcello in this week’s recap.

SEC charged crypto firms Genesis & Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors. Gemini, a crypto exchange & Genesis, a crypto lender, partnered in Feb. 2021 on a Gemini product called Earn, which touted yields up to +8% for customers. SEC says, Genesis loaned Gemini users’ crypto & sent a portion of the profits back to Gemini, which deducted an agent fee, sometimes over +4% & returned the remaining profit to its users.

The post January 15: Egg Shortages, Inflation Down, Airplanes Grounded over “Software Glitch” (Recap ep210) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, US & global markets ended mostly higher. High inflation has been a feature of the economy for about the last year. But how has inflation actually impacted the prices of everyday goods? We show you in a list of selected goods how everything has been impacted by inflation.

The world is short of everything: corn, coffee, wheat, soybeans, plastic cardboard, semiconductor chips, appropriately skilled workers, and so on. Now, the time has come to add sand, the most extracted solid material in existence, to this ever-growing and eclectic list. The importance of sand cannot be overemphasized. Water is the world’s most consumed natural resource; sand is the second. China has sent sand pirates to secure the supply. Both desert and sea sand are totally useless for construction.

Sam Bankman-Fried, pleads not guilty to all criminal charges in federal court. The billionaire pleaded not guilty to 8 charges ranging from wire fraud to conspiracy to prosecute money laundering before federal judge Lewis Kaplan in NYC. A trial date has reportedly been set for October 2.

If you own your home, eat full meals and drink clean water, have a smartphone, can surf the Internet, and have gone to college, you are in the tiny privileged lot (in the less than 7% category). Under current conditions, out of every 100 people, only 8 can live to be 65 or older.

California snowpack highest in 40 years; last week of 2022 mortgage applications fell 42% year-on-year; Croatia, with almost 4 million inhabitants, is the 20th country to adopt the euro; Missouri bill would treat gold and silver as money; IMF Managing Director global economy faces a tough year, expects 1/3 world economy in recession; Salesforce plans to lay off 10% of the workforce, or near 8K employees; Chinese officials are discussing plans to resume some imports of Australian coal; Qualcomm Tech unveiled processor chip for a car called Snapdragon Ride Flex SoC; Mexican security forces captured drug cartel boss Ovidio Guzman.

The post January 8: World running out of Sand, NFT scams, Largest Crypto Bank Bank? (Recap Ep209) appeared first on Investing & Day Trading Education: Day Trading Academy.

On today’s recap, Marcello goes over the aftermath of the Fed’s interest rate increases that have occurred throughout the year in order to control inflation. Despite all the efforts made by the government, 2022 is looking to be the worst year for the economy since 1871.

The U.S. Federal Reserve is committed to a historic tightening monetary path, with interest rate hikes at the most rapid pace since the early 1980’s. But as the domestic economy grinds to a halt & inflation likely cools, as government spending increases slip, a growing number of economists expect the Fed to be forced to cut interest rates in 2023.

The post January 1: The worst year since 1871 (recap ep208) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, Marcello discusses how Elon Musk has lost ground to Bernard Arnault as the richest person in the world as a result of a sharp decline in Tesla stock prices; rolling blackouts have affected many US states in recent days due to extreme weather; and one of the largest bitcoin miners, Core Scientific, has filed for bankruptcy.

Elon Musk once worth $340B, is no longer the world’s richest man after a sharp drop in the value of his shares in electric car company Tesla this year down -57.35% in 2022, losing the top spot to France’s Bernard Arnault, the chief executive of LVMH, the luxury group that owns brands like Louis Vuitton. Musk has seen his total wealth fall by over $100B since January, to $168.5B. That’s less than the $172.9B net worth of Arnault, whose wealth largely derives from his 48% ownership of LVMH.

The U.K. economy contracted more than originally thought in Q3, putting it bottom among the Group of 7 top advanced industrial nations in terms of quarterly growth; China is planning to scrap quarantine requirements for overseas travelers next month; Taiwan Semiconductor is in talks with suppliers to build its 1st European chip plant in Dresden, Germany.

The post December 26: Elon Musk loses $100 billion, Blackouts In USA, more Crypto bankruptcies (Recap ep207) appeared first on Investing & Day Trading Education: Day Trading Academy.

Marcello explains us in today’s Recap that Binance lost its key auditor and saw $5 billion in withdrawals in only one day; Colorado has started to pour recycled sewer sludge back into people’s drinking water faucets; the Fed interest rates were raised as anticipated but also hinted additional future rises in an effort to contain inflation.

Canadian Securities Administrators (CSA), Canada’s financial regulator has provided new measures designed to strengthen its oversight of cryptocurrency exchanges, including a ban on margin/leverage trading. For the purposes of these securities regulations, “Platforms located outside of Canada that are accessible by Canadians, are regarded as operating in Canada,” the CSA has stated.

U.S. software giant Adobe reported a great 4th quarter, with shares rising 2.99%; Argentina’s annual inflation accelerated less than expected; scientists made a breakthrough discovery at a U.S. federal facility creating more energy from nuclear fusion reactions.

The post December 18: Is Binance Bankrupt? Fed Raises Rates, Colorado Sewage Water for Drinking (Recap ep206) appeared first on Investing & Day Trading Education: Day Trading Academy.

Marcello addresses Tesla’s intentions to significantly reduce Model Y production at its Shanghai facility by over 20% (relative to November) in today’s recap. In a contentious effort to encourage the use of digital payments, Nigeria has outlawed ATM transactions up to $45 per day; in North Carolina, two nights without electricity resulted in frigid temperatures when vandals shot up two electrical substations.

U.S. producer prices (PPI) rose +0.3% last month, which was more than expected in November. Data for October was revised higher to show the PPI gaining +0.3% instead of +0.2%, as previously reported. In the 12 months through November, the PPI increased +7.4% after advancing +8.1% in October. The underlying trend in inflation is slightly moderating, which may allow the Federal Reserve to slow its pace of interest rate hikes next week.

A team of chemical engineers at MIT have manufactured a new material that they now claim to be sturdier than steel, but still as light as plastic. The 2-dimensional polymers can put themselves in order into sheets. It potentially gives objects like car parts or cell phones extraordinarily resistant skin. The team is even going as far as to say that it can be easily mass generated.

Crude oil has posted the biggest weekly loss since April; U.S. state of New Mexico is set to overtake Mexico’s crude oil production in the current month.

The post December 11: Tesla Production Collapses, Countries Limit ATM Withdrawals, Blackouts USA (Recap ep205) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello tells us about how the snowball of bankruptcies following the collapse of FTX is growing nonstop; A group of scientists has found and replicated some frozen viruses found in the Siberian permafrost; The dollar is still driving down a complicated road: Ghana wants to pay for oil products with gold rather than dollars.

U.S. cryptocurrency brokerage Genesis says it is seeking to avoid bankruptcy after a report on Tuesday that creditors to the firm are organizing with restructuring lawyers to prevent insolvency. The news comes as U.S. state securities regulators are investigating Genesis Global Capital as part of a wide-ranging inquiry into the interconnections of crypto firms, citing a comment from the Alabama Securities Commission director. The crypto lending arm of U.S. digital asset broker Genesis Trading suspended customer redemptions earlier this month.

German exports fell more than expected in October; Baidu plans to establish the world’s largest fully driver-less ride-hailing service area in 2023; An experimental Alzheimer’s drug from Eisai & Biogen slowed cognitive decline in a closely watched trial, but may carry a risk of serious side effects for certain patients; World’s largest active volcano by volume burst into life for 1st time in 40 years.

The post December 4: Crypto Bankruptcies Cont, New Virus Found, last Nail in collapse of dollar? (Recap ep204) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello warns us about the hike in prices that food has suffered. While governments claim that inflation is low, food prices for the Thanksgiving holiday have risen by 20%; Elon Musk has stated that he may build his own phone in response to suggestions that Twitter be removed from the Android and Apple app stores; and Europe will undoubtedly suffer from blackouts during the coming winter due to the ongoing energy crisis.

Chinese officials imposed more restrictions Wednesday to attempt to rein in a rapid rise in COVID-19 infections, adding to investors’ worries about the economy, just as new unrest at the world’s largest iPhone factory highlighted the financial & social cost of these curbs. Across China, cities including the capital Beijing & the financial capital Shanghai have closed malls & parks as well as imposing limits on the movement of people arriving from elsewhere, as infections near record highs last seen in April.

It has been confirmed that thieves broke into the German Roman-Celtic Museum & stole 450 gold coins thought to be worth several million Euros. It has been suggested that the criminals were professionals who disrupted local phone & internet services. The coins are 2,000 years old & were uncovered in 1999, during an excavation of a large Celtic settlement in the modern-day region of Bavaria, Germany. It was the largest discovery of Celtic gold in the last century & a landmark find at 1 of the most important archaeological sites in central Europe.

New U.S. single home sales defied expectations & rose 7.5% to a seasonally adjusted annual rate of 632,000 in October; The Bank of Korea raised its benchmark interest rates by 25 basis points to 3.25% on Thursday, slowing the pace of rate hikes; Bitcoin reversed & moved higher on Tuesday, after briefly hitting a new 2-year low.

The post November 27: Thanksgiving cost explodes 20%, Elon Musk Building Phone, Blackouts Europe (Recap ep203) appeared first on Investing & Day Trading Education: Day Trading Academy.