Day Trading Academy

In this week’s recap, Marcello talks about an interview with Robert Kiyosaki in which he discusses the possible collapse of the US economy and the stock market, supporting the idea of seeking other safe havens away from stocks. The gasoline shortage crisis in the United Kingdom foreshadows the possible social conflicts that could be caused by a major crisis. Following the German parliamentary elections, the Social Democratic Party (SPD) has taken the majority of the government.

On Thursday, the UK announced that the gas station crisis, caused by an acute shortage of truckers, was now under control, but many pumps were still closed in London, leaving motorists searching or queuing for hours to fill up their tanks. British ministers have repeatedly said the crisis is easing, although on Wednesday they ordered soldiers to start driving fuel tankers.

Ford accelerates push toward electric vehicles with new US plants; Evergrande Group shares rose Wednesday; 3/4 of Venezuelans now live in extreme poverty; Dollar Tree shares rise after ending its $1 policy; failure to reach agreement in US Congress could trigger financial collapse.

The post Recap October 3: Robert Kiyosaki collapse October? Gas shortages London, Communism in Berlin (Recap Ep143) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello discusses the new ban imposed by China on Bitcoin transactions. The Financial Crisis that was on the verge of becoming a reality because of the Evergrande situation, seems to dissipate. Fearing the arrival of a leftist political movement to power in Germany, many millionaires started to move their fortunes out of the country.

On Wednesday, it was reported that the main unit of China’s biggest property developer Evergrande had negotiated a deal with bondholders to settle interest payments on a domestic bond, calming fears of an imminent default that could unleash global financial chaos. China’s central bank also injected 90 billion yuan ($14 billion) into the banking system, temporarily calming investor fears of imminent corporate debt contagion.

The U.S. federal government ended the second quarter owing $28.5B; U.S. households experienced another significant jump in net worth; Norway’s central bank is the first Western bank to raise interest rates.

The post Recap September 26: China Bans Bitcoin (again), Financial Crisis Averted, Socialism in Germany (Recap Ep142) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello talks about a financial Crisis to come due to several economic events that had occurred lately, including hyperinflation. A Hole in the Ozone is now a threat.

European power prices have risen to multi-year highs on a variety of factors in recent weeks, coming from extremely strong commodity & carbon emission prices, to lower wind output. What’s worse, the record run in energy prices is not expected to end soon, instead analysts are warning, it is likely to persist throughout winter. The present situation will stymie economic growth & add to inflationary pressures.

Firefighters wrap sequoias in fire-resistant blanket to prevent fires; AMC Entertainment to accept cryptocurrencies as a means of payment for tickets; MIT researchers create 20-tesla magnetic field with superconducting electromagnet.

The post Recap September 19: Financial Crisis 2022? Hole in Ozone, Hyperinflation (Recap ep141) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, U.S. stocks were mixed and global equities retreated from record highs as investors balanced growing concerns about the slowing pace of the economic recovery and expectations that the Federal Reserve will delay tapering its bond purchases and traders’ fear the Covid-19 spread will weigh on economic growth. The European Central Bank announced Thursday a slowing in the pace of net asset purchases, under its pandemic emergency purchase program, amid surging inflation & strong economic growth. Euro-zone inflation hit a decade high of +3% in August & GDP climbed +2% in Q2, exceeding analyst expectations. The interest rate on the ECB’s main refinancing operations will remain at 0%, on the marginal lending facility at +0.25% & on the deposit facility at -0.5%.

China posted a trade surplus of $58.34 billion in August, versus analyst forecasts for a $51.05B surplus & $56.58B in July. The trade surplus with the United States, a source of decades-long controversy between the two economic superpowers, rose to $37.68B from $35.4B in July. This situation will likely only increase the trade friction between the two countries.

Global central bankers issue a new round of warnings about the utility & inherent volatility of crypto assets. Riksbank Gov. Stefan Ingves stated that doubts remain about the staying power of Bitcoin, the world’s most prominent digital asset if it isn’t government-backed. Meanwhile, Bank of Mexico Gov. Alejandro Diaz de Leon on Thursday separately stated that Bitcoin is a tool for barter, rather than legal tender & identified it as a poor store of value, citing its wild price swings.

U.S. Department of Labor released July’s increase in hiring figures; high volatility in Bitcoin just as El Salvador adopts it as legal tender; 7.0 magnitude earthquake strikes central Mexico; support for Merkel’s party at historic lows; Johnson to raise taxes in the UK to solve health crisis; U.S. pandemic unemployment programs ended over the weekend; Tech giants want to incorporate certain aspects of chip development; Aluminum prices climbed to the highest in over a decade.

The post Recap September 12: Bitcoin is money, SEC sues Coinbase, Inflation explodes (Recap Ep140) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello talks about the worst drought in 70 years and how that is affecting the market and Binance has been banned by a third country.

U.S. added just 235K jobs in August & unemployment rate fell to 5.2% from 5.4% in July, even as the economy appeared to falter w/surging coronavirus cases. Economists expected employment growth to slow slightly in Aug to a gain of 750K jobs, amid falling consumer confidence & disruptive school closures. Declines in restaurant reservations, air travel, & other drivers of recovery raised concerns. Steep drop in job growth raises alarm about the strength of the U.S. economy & boosts political pressure on President Biden.

Celebratory gunfire resounded across Kabul, Afghanistan on Tuesday, as Taliban fighters took control of the airport before dawn, after the withdrawal of the last U.S. troops, marking the end of a 20-year war that left the Islamist militia stronger than it was in 2001. It ended with a hasty & humiliating exit for both the U.S. & its NATO allies. 10’s of 1000’s of Afghans who helped Western nations during the war were left behind & possibly 1000’s of Westerners as well.

Apple has been quietly buying dozens of companies annually, often to acquire engineers w/ expertise in particular areas or to add key tech for ongoing initiatives. Some of the firm’s largest & highest-profile acquisitions have been in the music space: It bought streaming music service & headphone maker Beats for $3B in 2014, & music-identification service Shazam for around $400M in 2017. It quietly bought Platoon in 2018, a service for helping users discover artists, for an undisclosed sum.

Fuel shortages remain an issue for the Lebanese gov’t, as it grapples w/a 2-year-long economic crisis. Warning the U.S. to stay out of legitimate international trade on Monday, the Iranian Foreign Ministry has said Iran is ready to ship additional fuel to Lebanon, in order to alleviate the shortfall, despite U.S. sanctions on Iranian oil exports, which were reinstated in 2018. Hezbollah, a major power player in Lebanon & a close ally of Iran, is blacklisted by most Western countries as a terrorist group.

U.S. home prices have surged nationwide, in large part due to limited supply, with the median price for new single-family homes now topping $390K & for existing homes just under $360K. Available inventory has been squeezed to record-lows & has pushed prices to new highs.

Official manufacturing Purchasing Managers’ Index for August came in at 50.1, vs July’s 50.4. PMI readings above 50 represent expansion, while those below signal contraction. Meanwhile, the official non-manufacturing PMI for August came in at 47.5, in lowest reading since the height of the pandemic in early 2020.

Hewlett Packard Enterprise has won a 10-year contract with the NSA; August inflation is higher than expected in the Eurozone; Taiwan offers a stark assessment of the rising threat posed by China; New Orleans suffers major power outage after Hurricane Ida.

The post Recap September 5: Worst Drought in 70 Years, Binance BANNED 3x, Bitcoin Fraud (Recap ep139) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, U.S. stocks moved higher Friday & for the week, as the S&P 500 (1st time above 4,500) & Nasdaq hit new records, with Fed Chairman Powell stressing that the central bank shouldn’t overreact to the recent spike in inflation, meaning the easy money policies will continue for now. European stocks rose on Friday. The pan-European STOXX 600 index closed +0.4% higher, with mining stocks up +1.9%, while real estate stocks added +1.5%. Commodity-linked stocks were the best weekly performers, as they bounced back from steep losses. Asian-Pacific shares were mixed on Friday, as Chinese markets responded to a burst of central bank liquidity, as investors took comfort in the largest weekly cash injection into the banking system since February.

A supply chain crunch that was meant to be temporary now looks like it will last well into 2022, as the surging delta variant upends factory production in Asia & further disrupts shipping, posing more shocks to the global economy. Manufacturers continue to reel from shortages of key components & higher raw material & energy costs are being forced into bidding wars to get needed inputs, unsettling world trade.

U.S. President Biden commits to his Aug. 31 deadline for completing a frantic airlift of Americans, at-risk Afghans & foreign nationals wanting to escape Afghanistan. Decision defies allied leaders & G7 who want to give the evacuation more time, & opens Biden to further criticism that he once again, caved to Taliban deadline demands. New reports of human rights abuse fuel concern about the fate of 1000’s of people who fear retribution if they are not evacuated in time. Many analysts see a hostage situation quickly developing.

Tesla plans to sell electricity directly to customers in Texas; South Korea to make antitrust changes to its Telecommunications Law; Waymo launches autonomous cab service in San Francisco; South Korea’s central bank raised its key interest rate to 0.75%; Hermeus receives $60M to fund testing of world’s fastest aircraft; China has dominated the rare earths market globally; uncontrolled wildfires in Siberia break records; a treasure trove of Nazi artifacts uncovered after the flood in Hagen, Germany.

The post Recap August 29: Food Shortages Accelerating, Chaos in Afghanistan, Inflation (Recap Ep138) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we see that U.S. and global stocks ended generally lower, although the S&P 500 reached a new all-time high for the week. This indicates that it may be time for the market upswing to begin to decline. The American dollar rose to a 9-month high vs the Euro, Australian & New Zealand currencies on Thursday, with U.S. Federal Reserve policymakers mostly now in agreement that a stimulus taper will start later this year.

As U.S. President Biden scrambles back to the White House to contain an absolute unmitigated disaster, after he ordered a sudden U.S. pullout from Afghanistan, his administration has decided to send 1000’s troops back, as the Taliban insurgents overran the country in a matter of days. He has ordered another 1K paratroopers to Kabul. It brings the total number of U.S. ground forces to 7,000. On Monday, shocking scenes of 1000’s desperate Afghan civilians fleeing their homes & mobbing the Kabul international airport in response to the rapid Taliban takeover of Kabul. U.S. troops are now attempting to secure order at the airport, as military airlifts of American personnel continue. Shots were being fired as U.S. troops arrived, to find the situation spiraling out of control.

Robinhood, a U.S.-based financial services company, saw shares drop -10.26% on Thursday at $44.69, its lowest price since shortly after its IPO 3 weeks ago. Although the company reported that revenue more than doubled in Q2 to $565M, an outsized amount of its growth came from dogecoin, a cryptocurrency with an uncertain future. Revenue from crypto transactions surged over 45x from a year ago to $233M, accounting for 52% of total transaction-related revenue. Present market cap it at $42.34B.

The COVID-19 pandemic is forcing numerous companies to rethink their overall investment strategies. Palantir, for example, purchased $50.7M worth of 100-ounce gold bars in August, according to the company’s latest earnings statement, in preparation for a possible “black swan event”.

Over 90 policy & rights groups globally published a letter Thurs urging Apple to abandon plans of scanning children’s messages nudity & phones of adults for images of child sex abuse concern is used to censor protected speech, threaten privacy & security of people around the world.

For the first time in history, rain falls on Greenland’s highest point; Russia fined Alphabet for violating the country’s rules on banned content; huge demonstrations in Latvia against the prospect of compulsory vaccination; Tesla shares fall due to accidents with its Autopilot system; New Zealand dollar falls after the announcement of a national blockade.

The post Recap August 22: Magnetic Pole Danger, Warren Buffett Prepares for Crisis, Afghanistan (Recap Ep137) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we found that U.S. and global stocks, in general, ended the week higher and at several all-time highs, despite the expansion of the Delta variant of Covid-19 and global supply shortages. U.S. wholesale prices rose sharply in July for the 6th consecutive month & offered little evidence that a big wave of inflation is on the verge of cresting. The producer price index jumped +1% last month. Analysts had forecast just a +0.6% increase. The pace of wholesale inflation over the past 12 months moved up to +7.8% from +7.3% in June. That’s the highest level since the index was reconfigured in 2010, & likely 1 of the highest readings since the early 1980s. U.S. gov’t posted July budget deficit of $302B, a record for that month. U.S. deficit 1st first 10 Mos of fiscal 2021 came to $2.540T

As the U.S. stock market reaches new all-time highs & inflation hits a 13-year high as well, at its highest levels since 2008, with the currency circulation increasing by $226.3B, Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted as follows: “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one.”

Poly Network said Thursday nearly all of the over $600M stolen in 1 of the biggest cryptocurrency heists ever, has now been returned by hackers, except $33M worth of the tether digital coin has been transferred back. However, the last $268M of assets is locked in an account that requires passwords from both Poly Network & the hacker to gain access.

Soccer superstar Lionel Messi’s new team, PSG, said Thursday that his wage package includes a cryptocurrency called “PSG Fan Tokens.” The move to partially pay Messi in crypto makes it 1 of the “most innovative and avant-garde brands in the sport globally.” Messi signed a 2-year deal with PSG this week. The deal will net Messi a yearly salary of $41M & a reported signing bonus of $30M.

U.S. oil prices dropped on Wednesday; the Taliban control 65% of Afghanistan and could take its capital in 90 days; NASA is launching a mission to study an asteroid with more than $10,000 quadrillion worth of precious metals; China’s measures to combat Delta variant will affect energy demand; world coffee price continues to rise decided by the shortage of world supplies; Berkshire Hathaway reports 21% increase in Q2 profit.

The post Recap August 15: Mother of all crashes is coming, record highs, Lionel Messi cryptos (Recap Ep136) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, Marcello talks about a new bill that would make mining Bitcoin nearly impossible of it passes; Is the FEMA prepares for an emergency? Jets are landing on highways and a nationwide alert test is on its way.

According to the CDC, the 7-day average of daily coronavirus cases in the U.S. reached 72,790 last Friday, surpassing the peak seen last summer, when the nation didn’t have a Covid-19 vaccine. On the other hand, the U.S. has already reached the 70% of the population vaccine milestone, even as the spread of the delta coronavirus variant continues to cloud the outlook for the U.S. economy.

Allianz shares fall after U.S. Justice Department investigation; July’s job growth in the U.S. was the smallest gain since February; U.S. employment rises even as Covid-19 cases continue to climb.

The post Recap August 8: Bitcoin Mining Illegal USA? FEMA Preparing For Emergency (Recap ep135) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello talks about Tesla’s earning report, how inflation is truly above what the government is saying, and that there might be a food shortage coming due to various natural disasters.

For U.S. restaurants, reopening from COVID lockdown has been difficult. They’ve struggled to hire staff, often being forced to offer double-digit pay hikes. Have been hit by cost increases & shortages on all kinds of items. A jump in seafood prices, part of the broader inflationary surge is only further squeezing restaurateurs. Seafood prices have risen about 11% in the 12 months through early July & short supplies of many kinds of seafood abound.

Most of the S&P 500 companies have already reported their Q2 results; Water level in Utah’s Great Salt Lake below record low; A 6-meter-high seawall will be built in Miami.

The post Recap August 1: Tesla Crushes Earnings, Inflation Explodes, Food Shortages Coming? (Recap ep134) appeared first on Investing & Day Trading Education: Day Trading Academy.