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In this week’s recap, US & world markets in general ended lower this week, with the Russian/Ukrainian conflict showing no signs of ending soon and the World Bank lowered its global growth forecast for 2022 by nearly 1%, from +4.1% to +3.2%. The IMF also cut its global growth projections for 2022 & 2023, now projecting a +3.6% GDP rate. This represents a -0.8% & -0.2% drop saying the economic impact from Russia’s invasion of Ukraine will propagate far & wide.

Corn is just one of a number of agricultural commodities that has seen surging prices in recent weeks, in part due to the war in Ukraine. The surging price of corn hit another milestone Monday morning, as the cost of global commodities continues to push higher. The contracts for July corn futures were trading above $8 per bushel, the highest level since September 2012. The contracts were trading near $6 per bushel at the start of 2022.

Netflix, a U.S. based subscription streaming service & production company saw shares plunge -35.12% on Wednesday at $226.19, thus losing $42B in value. Not only did its paying subscriptions fall in the 1st quarter for 1st time since 2011, but the firm forecast the loss of another 2M subscribers in the current quarter. Coupled with the drop of -21% in Q4 2021, the company is losing some $90B in valuation for 2 quarters.

It was announced on Thursday, SpaceX founded by Elon Musk had signed its 1st deal with an air carrier, the semi-private charter company JSX, to provide in-flight wireless internet using the Starlink satellite network, as it jostles with other burgeoning satellite firms to put high-speed internet on commercial airlines. Space X has launched some 2,000 Starlink satellites to low orbit since 2019.

Commerzbank (2nd largest bank in Germany) applies for crypto license; Coinbase launching NFT marketplace in BETA; the Headquarters of Azure Standard, the Nation’s Largest Independent Food Distributor, were completely destroyed in mysterious overnight fire; Florida Senate voted 23 to 16 on Wednesday to ending Disney’s tax privilege, self-governing power & special exemption; Amazon palm scanning system being tested in Austin; blackouts in India and the hottest March on record; Musk vs Gates on Twitter.

The post April 24: Food plants mysteriously burn down, SpaceX internet, Elon Musk murders Bill Gates meme (Recap Ep172) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello talks about the faceoff between Tesla’s CEO, Elon Musk, and Twitter when he made a public offer to buy 100% of the social media firm; Warren Buffet was called a sociopathic grandpa from Omaha by Peter Thiel; Inflation and food prices are still going up.

Elon Musk offers to buy 100% of Twitter for $54.20 a share (at a 54% premium), saying the social media company needs to be transformed privately, a little over a week after first revealing a +9.2% stake in the company. Musk’s offer values Twitter at about $43B. According to Musk, the company can “neither thrive nor serve” free speech in its current state. Shares of Twitter rose over 6%, in the U.S. pre-market on Thursday. On Friday, Twitter adopted what is called a poison pill that helps prevent it from undergoing a hostile takeover, after Elon Musk put in an offer to buy the entire social media firm for $43B. The board unanimously adopted the limited duration shareholder rights plan. If any person or group acquires 15% or more of Twitter’s stock without the board’s approval, other shareholders are allowed to purchase additional shares at a discount. It reduces the likelihood that any entity, person or group gains control of Twitter

U.S. lumber prices are falling; The real domestic inflation rate is now approaching 20%; OPEC is telling the EU that it is nearly impossible to replace Russian oil; Nokia is pulling out of the Russian market

The post April 17: Elon Musk War Against Twitter, Warren Buffet Sociopath #1 Bitcoin Enemy, Inflation & Food Prices Explode (recap ep171) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, the global stock markets ended lower as the US inflation rate reaches 40 year high. EU building up strategic reserves for chemical, biological, and radio-nuclear emergencies. Union mobilized the medical reserve unit to procure potassium iodide tablets. Biden Food Shortages continues with Walgreens Rationing Baby Formula.

Twitter shares soared +27.12% Monday to $49.97, with a market cap of $31.47B, after filings revealed that Tesla CEO Elon Musk had purchased a 9.2% stake in the social network. Musk’s 73,486,938 shares make him Twitter’s largest shareholder & were valued at $2.89B. It is just a fraction of the world’s richest man’s $273B fortune, leading to investor speculation that he will be further increasing his stake in the company. Shares of Twitter are now up +15.62% in 2022. The stock is still down -25.42% year on year. Tesla’s shares were up +5.61% at 1,145.45 on Monday, with a market cap of $1.12T. The stock has rallied from $800 to $1,100 in recent weeks & appears set to extend its gains.

Ukrainian President Zelenskyy is accusing Russian forces of committing genocide, saying Ukrainian people were being destroyed & exterminated. His comments came in the aftermath of the reported devastation in Bucha, a town 23 miles northwest of the capital city of Kyiv, that has been liberated by Ukrainian forces. Ukraine’s top prosecutor has stated that 410 bodies were found in towns recaptured from retreating Russian forces near Kyiv, as part of an investigation into possible war crimes.

Fed officials agree on double roll off of balance sheet; Viktor Orban clinches a 4th consecutive term in power; HP Inc’s reached a record high; EU approved 5th round restrictive measures against Russia; Finland and Sweden now considering joining NATO; some 16,000 foreign fighters have flocked to Ukraine to fight Russia; research at the Babraham Institute has developed a method to time jump human skin cells by 30 years, turning back the aging clock for cells, without losing their specialized function.

The post April 10: Elon Musk buys Twitter, Europe Prepares Nuclear War, New Cardano & Solana Futures (Recap Ep170) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello talks about how the U.S. House of Representatives passed a bill to Federally Legalize Marijuana; Europe bans anonymous crypto wallets, like Trezor, or Metamask, to protect against money laundering by attempting to complete “Know Your Client” (KYC) checks; “world leaders” are talking about a coming new world order.

Tesla announced it wants to split its stock so it can pay a stock dividend to shareholders, according to a Securities & Exchange Commission filing on Monday. The electric car maker will ask at its annual shareholders meeting for an increase in the number of authorized shares of common stock. Tesla last split its stock in August 2020. The stock has more than doubled since that 5-for-1 stock split. Shares were up +5% in U.S. premarket trading to about $1,061.50. Market cap is already over $1T.

The latest round of restrictions in China may have a profound impact on world markets; It is being reported that President Putin has signed a decree demanding payment in rubles for Russian gas supplies.

The post April 3: Marijuana Legalized! New World Order Confirmed, Cryptos Banned in Europe (Recap ep169) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello talks about how President Biden confirmed that food shortages due to Ukraine’s conflict are going to be real; Warren Buffet invested in a Brazilian digital bank that invests in Crypto; Opensea daily volume dropped 72% to $70M from $250M.

Business activity in Germany, Europe’s largest economy, dipped in March as output price inflation hit a new record high & the war in Ukraine impacted demand as well as supply chains. In France business activity accelerated unexpectedly to an 8-month high, as easier COVID restrictions boosted the service sector & eclipsed concerns about the Ukraine crisis’ impact on manufacturing. In the U.K. the private-sector services PMI hit its highest in 9 months, but manufacturing output was reported at its lowest in 5 months.

Singapore to ease most of its Covid restrictions including outdoor mask mandates starting March 29; Former President Donald Trump sued former Democrat presidential candidate Hillary Clinton & ex-British spy Christopher Steele; China has introduced broad & sweeping new rules across its technology industry.

The post March 27: Biden Confirms Food Shortages, Warren Buffet Invests in Crypto, NFT Bubble Explodes (Recap ep168) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello talks about how the ongoing conflict between Russia and Ukraine is going to affect the surge of supplies to harvest and produce food; Saudi Arabia is now in talks with China to create yuan-priced oil contracts, which will discourage the use of US dollars, thus worsening inflation.

The Labor Department stated Tuesday that wholesale inflation in the U.S. shot up +10% last month from a year earlier in another sign that inflationary pressures remain intense at all levels of the economy. Producer price index rose 0.8% from December, in line with forecasts. Excluding volatile food & energy prices, wholesale inflation rose +0.2% from January & +8.4% from February 2021.

Major obstacles still stand in the way of an agreement between Russia and Ukraine; Berkshire Hathaway’s share price reached $500,000 for the first time; China’s industrial production increased 7.5% year-on-year in January and February; China is battling its biggest wave of COVID-19 since the start of the pandemic; Germany completely changes its foreign economic policy towards Russia.

The post March 20: Food Shortages, China Encourages Collapse Of Dollar, Inflation To Get Worse (Recap ep167) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, Marcello talks about what Robert Kiyosaki warned on Twitter about Bitcoin and Biden’s administration(Bitcoin to be Seized?); Gasoline has been hit by inflation, reaching and surpassing $8 USD per gallon in California; Russia’s military activity against Ukraine is increasing.

Bitcoin & other cryptocurrencies were trading higher on Wednesday after U.S. President Biden announced his highly-anticipated executive order on digital assets, which somewhat appeared to take a supportive stance toward the industry. Bitcoin was trading over +9% higher at $42,291.10. The order attempts to address the lack of a framework for the development of cryptocurrencies in the U.S.

Dow Jones closed in correction territory for the first time in 2 years; The Hang Seng Index is now at its lowest level since July 2016; Australia is being devastated by major flooding and storms; Oil prices continue to climb as fears of Russian import ban rise

The post March 13: Govt Seizing Bitcoin? $8 Gasoline, Russia War Escalates (Recap Ep166) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, the US markets closed lower this week, with oil prices surging to multiyear highs, as Russia’s invasion of Ukraine continued to roil markets. Euro & Asian markets ended far lower due to the Russian-Ukraine crisis. Latin American markets ended mostly positive. The food crisis begins in Europe and Asian countries.

The American Petroleum Institute (API) estimated there was a surprise draw this week for crude oil of 6.1M barrels after a prediction of a build of 2.79M barrels. U.S. crude inventories have shed some 80M barrels since the start of 2021 & about 22M barrels since the start of 2022. Global crude stockpiles are also low & could fall even lower should Russia’s crude oil exports be curtailed with sanctions. Futures contracts of 23 main commodities climbed +4.1% on the day alone. Crude oil April/May futures on Wednesday morning: (U.S.) +5.79% at $109.40 & (Brent) +5.74% at $111.00.

The economic turmoil over President Putin’s decision to invade Ukraine eliminates some 1/3 of the wealth of Russia’s 20 richest billionaires. The impact of Western sanctions on oligarchs, along with the collapse of the Russian ruble & economy, as well as worldwide outrage over events in Ukraine, have resulted at the end of an era, for an entire class of Russian elites globally. Russia’s top billionaires have lost over $80B in wealth in recent weeks, with even more to come, as sanctions & seizures escalate.

On Wednesday, U.S.-based Ford Motor announced it will reorganize operations, to separate its electric & internal-combustion engine businesses into separate units within the automaker. The move is expected to streamline its growing electric vehicle business & thereby maximize profits. It’s a similar strategy to how Ford is operating its Ford Pro commercial vehicle business under CEO Jim Farley’s Ford+ turnaround plan. Shares up +4.55 in the pre-market at $17.46.

The world’s 3 largest shipping lines have all suspended non-essential deliveries to Russia, joining a growing list of companies shunning the country amidst Western sanctions over its invasion of Ukraine. Danish shipping giant Maersk, Switzerland-based MSC & France’s CMA CGM all announced on Tuesday, that they will no longer take bookings for goods from Russia & were suspending most deliveries to the country.

Scientists in Australia plan to bring the Tasmanian tiger back; Canada becomes the first Western nation to ban Russian crude oil imports; Russian oligarchs move yachts as the U.S. looks to “hunt down” and freeze assets; U.S. mortgage rates fall on Ukraine-Russia crisis; Putin loses the support of longtime ally Viktor Orban; Finnair’s share price ended Monday down by -20.35%; Shares of European defense companies rose sharply; Russian banks removed from the SWIFT system and the ruble reaches an all-time low.

The post March 6: Food Crisis has arrived, Energy war, Russian Wealth Collapses (Recap Ep165) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, the most important news is the Russian invasion of Ukrainian territory, which affected global markets throughout the week. The high volatility caused the markets to collapse after the invasion and recover again at the end of the week. Russia’s main equities index, the MOEX, collapsed -by 45% and was temporarily suspended to stop the fall. Was the worst 1-day drop on record. Financial firms in Europe & the U.S. suffered heavy share price falls on Thursday, as they grappled with the impact of Russia’s invasion of Ukraine, digesting newly-imposed sanctions. Asian Pacific markets were largely higher on Friday, as investors recalculate the domestic Russian economy doesn’t matter much to the global economy & Russian oil keeps flowing.

Crude oil prices soared past $100 for the 1st time in over 7 years on Thursday, after Russian President Putin announced a military operation in Ukraine, confirming fears he would invade.

Commodity prices were volatile amid supply concerns over the Ukrainian crisis. The country, along with Russia, accounts for 1/3 of the world’s wheat exports, 20% of its corn trade & nearly 80% of sunflower oil production. Prolonged tensions could risk shipments from Black Sea ports, as well as production & transportation within the countries. Wheat prices have already risen by +20% in 2022, while corn costs up +15%. Prices skyrocketed Thursday, w/wheat futures at their highest levels in nearly 14 years. Russia is a key supplier of not just oil, but several strategic commodities, all of which should benefit in price from heightened geopolitical tensions in Eastern Europe. Russia globally is the number 1 producer of palladium & 2nd largest producer of platinum & the 3rd largest wheat producer. Russia remains a very strategic country when it comes to commodity production especially minerals, commodity exports & therefore the direction of the global economy.

As Russia began its invasion of Ukraine, the ruble fell to its lowest level ever versus the dollar, trading at 89.89, with USD up more than +10% against the Russian currency. Russia’s main equities index, the MOEX, collapsed as much as -45% after trading was temporarily suspended shortly after opening, its worst 1-day drop on record. It ended down -33.28% at 2,058.12, erasing more than $150B in value.

In response to Russian aggression, U.S. President Biden announced sanctions on Russian bank VEB & its military bank, Russia’s sovereign debt & a number of wealthy oligarchs & their families. The U.K. has also started targeted economic sanctions against 5 Russian banks & wealthy individuals. Germany took steps to halt certification of the Nord Stream 2 gas pipeline from Russia. Japan will ban the new issuance & distribution of Russian government bonds.

U.S. national debt has officially surpassed $30 trillion; increased use of non-renewable energy sources; U.K. consumer price index set to top +7% in April; Truth Social launches on Apple’s App Store this week; Singapore wants to introduce net wealth taxes; Nueva Pescanova plans to open the first commercial octopus farm; Opensea was hacked, 254 tokens stolen over the course of the attack.

The post February 27: War Ukraine/Russia, Food Shortages, Opensea NFT hack (Recap Ep164) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this recap, the world markets were mostly lower, with renewed anxiety over tensions between Russia & Ukraine, despite Russia’s claims to seek diplomatic lines to resolve the conflict. A German army convoy reached Lithuania on Thursday, bringing almost half of the planned reinforcements for the country’s German-led NATO battlegroup, amid fears of a Russian invasion of Ukraine. At the same time, German Air Force Eurofighters arrived at a military airbase in eastern Romania as part of a deployment to NATO’s eastern flanks in response to Russia’s military buildup in the region.

On Friday, Canadian police started arresting protesters as part of an operation to end a 3-week blockade of Ottawa by 100’s truck drivers that crippled movement in the capital & prompted Prime Minister Trudeau to take emergency powers. The drivers, joined by 1000’s demonstrators & some 400 vehicles, turned the streets around Parliament into a noisy party zone, since 1st arriving on Jan. 28, in what has become 1 of the worst crises to hit Trudeau since he assumed power in 2015. Canada authorized banks to freeze protesters’ accounts without a court order.

FBI Launches New Virtual Asset Unit Focuses on Blockchain/Seizure of Virtual Assets Including Cryptos, which means regulation. 

The surge in energy prices hit the Eurozone’s trade balance hard moving it into a seasonally unadjusted trade deficit of 4.6B Euros ($5.22B) in Dec., from a surplus of 28.3B Euros ($32.14B) a year earlier as exports rose +14.1% while imports skyrocketed +36.7%. Adjusted for seasonal swings, the Eurozone trade deficit was even larger at 9.7B Euros in Dec, up from a 1.8B gap in Nov & surpluses throughout the rest of 2021. It boosted the EU’s energy trade deficit to 276.7B Euros ($314.25) in 2021, up from 157.2B ($178.53) in 2020.

Travelers from 59 countries will need to register to enter Europe in 2023; Laser-based system could reduce trips to Mars to just 45 days; new Google restrictions to reduce tracking of third-party applications; Blackstone consolidated as the largest residential & commercial landlord in the US; Musk still owns the largest stake in Tesla despite his stock sale; Virgin Galactic open ticket sales to the general public for the first time; Moderna shares have fallen 30% in one month; avocado prices have doubled in the U.S.

The post February 20: Seizure of Bitcoin in Canada/USA, metal protected meat, Bank blackouts (Recap Ep163) appeared first on Investing & Day Trading Education: Day Trading Academy.