Day Trading Academy

In this week’s Recap, we talk about how mega-billionaire Ray Dalio warned that Bitcoin could be banned by the U.S. Government. Marcello also explains how the 10% richer are getting even wealthier by controlling 97% of the capital income.

The year 2020 saw the world suffer due to the COVID-19 pandemic & the global economy faced its worst recession since World War II. Yet, nearly 2/3 of the world’s billionaire class amassed even greater fortunes, with an increase of wealth of some 20%. Many of them will soon be relocating to countries & areas where the tax regimes & societies overall are friendlier for the mega-rich.

Colombia, Mexico, South Africa and the Philippines kept their interest rates stable; The US and Brazil still the countries with the most cases of covid-19 in the world; North Korea launched 2 ballistic missiles into the sea near Japan

The post Recap March 28: Ray Dalio Says Bitcoin Illegal, Rich Get Richer Poor Get Poorer (Recap ep116) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, Marcello talks about a new Crypto ban in India that might affect Bitcoin’s recent performance; Kanye West is now the richest africanamerican in the U.S.; and Elon Musk’s The Boring Company is working on a tunnels project in Florida.

Bitcoin has fallen over -10% from a record high of over $62K to just over $56K, after it was reported that India will now propose a law banning cryptocurrencies altogether. The total number of bitcoins in circulation over the weekend, were collectively worth over +$1 trillion.

The S&P 500 and the Dow Jones closed at new all-time highs on Monday; The U.S. economy added 379,000 jobs in February; The World Bank estimates that the world economy contracted by -4.3% in 2020; The EMA stated that the AstraZeneca vaccine is safe.

The post Recap March 21: Bitcoin Made Illegal, Kanye West Billionaire, Elon Musk Tunnels Florida (Recap ep115) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we found that US stocks were mostly positive, with the Dow achieving a fifth consecutive record up, despite doubts generated by the high national debt in the US, driven by the covid-19 aid package of Biden. Global shares were flat on Friday as benchmark debt yields climbed, helping to curb the latest stimulus-driven rally. Market optimism had helped Asian shares rise with Japan’s Nikkei up +1.7% but were lower in Hong Kong & India. It faded out in Europe, with the STOXX Europe 600 down -0.5%.

On Monday, the financial sector provided the biggest boost in the U.S. S&P 500, hitting a record, as higher market rates & a steeper yield curve helped banks. Industrials came next, also reaching a record high, while the materials sector neared an all-time peak as well. The technology sector ended the session deepest in the red.

Governments around the world borrowed unprecedented amounts of money to help support workers & businesses during the global pandemic. Collectively they issued $16.3T in debt in 2020, & they’re expected to borrow another $12.6T this year. Some analysts predict that a strong economic bounce back starting this summer, may well generate inflation, potentially forcing central banks to substantially raise interest rates sooner than expected. This will lead to a debt hangover when the new sovereign debt will need to be dealt with.

Elon Musk’s net worth plunged last week by $27B, as tech stocks got hammered & Tesla’s stunning rise where shares gained a total of +743% in 2020, thus propelling it to No. 5 on the list of most valuable firms on the stock market, quickly unraveled. Tesla stock which in the early weeks of 2021, gained another +25% to a record high close of $883.90 on January 26, fell -11.5% last week alone.

The ECB plans to increase the pace of its bond-buying; inflation in Europe could reach + 2% in 2021; Coupang becomes largest US IPO in 2021; North American Lumber Prices Rise Due To High Demand; the Australian economy will grow rapidly in 2021; Musk loses his position as the richest man in the world; GameStop shares surged +41.21% on Monday; relations between the United States and Saudi Arabia could deteriorate; Bitcoin closes its 2nd-best week ever.

The post Recap March 14: Tesla collapses, Record Highs, Storm blocks out Sun (Recap Ep114) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we find several relevant and decisive events for the world economy, such as the approval of the stimulus package for coronavirus in the US for a value of $1.9T dollars. During the week, US equities were steadily lower as investors sought less risky assets, yet they rallied strongly on Friday. Global stocks were mixed.

Oil prices surge to the highest level in 14 months on Friday, as OPEC & its allies extend production cuts for another month, despite a recent price surge, thus choosing to limit supply, until the global economic recovery is more firmly established. Its supply cut amounts to nearly 8M barrels per day, including the extra 1M Saudi contribution. (U.S.) +2.98% at $65.73 & (Brent) +3.16% at $68.85.

The U.S. to soon have to settle a Bitcoin issue with a decision that could have far-reaching implications, for the virtual currency industry. Concerns last-minute rules proposed by the outgoing Trump administration that would create new requirements for financial services firms to record the identities of holders, to lessen attempts to use Bitcoin & other cryptocurrencies for money laundering or to finance illegal activities. If adopted, could cause cryptocurrency prices to plunge.

Tesla’s market share in the critical European battery-electric-vehicle is crumbling. Volkswagen Group actually sold the most electric vehicles of any firm, in the key European market, during January 2021. In 2019, Tesla sold over 109K vehicles, making up 31% of the European EV market, in 2020 it was just 13%. At the same time, China is now reclaiming top ranking in the global Electrical Vehicle race.

UK-EU trade deal still with no vote date; General Motors further increases production cuts due to semiconductor shortages; Texas Governor Allows Businesses to Open at 100% Capacity; Zoom shares rose earlier in the week after Q4 results topped estimates; the number of Americans filing new claims for unemployment benefits rose last week.

The post Recap March 7: Tesla crashes, Texas Opens, New Vaccine (Recap Ep113) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we’ll talk about the collapse of Tesla’s stocks, how the US Dollar is getting into trouble and how we are witnessing what seems like a second round of the Gamestop vs Robinhood situation.

Shares of Tesla up +325% in the past 12 months, fell over -8% on Monday & by Tuesday had fallen some -7% more, to a weekly loss of over -15%, in worst market days since September, thus turning negative for the year, down a total of -27% from its record close of $883 on 01/26. Shares down to $697, late Tuesday morning.

AT&T will sell part of DirectV to TPG Capital; Increasing the minimum wage in the US cannot be part of Biden’s relief package; Commodity prices rise to their highest in 8 years; London is losing its role as Europe’s financial center.

The post Recap February 28: Tesla Collapses, US Dollar in Trouble, Gamestop vs Robinhood Rd 2 (Recap ep112) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we found that global equities generally fell for a third straight session on Thursday, as signs of rising inflation led by higher oil prices and the strongest copper prices in nearly a decade held back reserved traders after stocks hit a record earlier this week. US stocks were also affected by growing inflation concerns, supported by rising new claims for unemployment benefits and negative sales data from some companies.

As the price of a Bitcoin passes $57,000, the total valuation of the cryptocurrency has surged. The total number of bitcoins trading is now collectively worth over $1 trillion. There are about 18.6 million Bitcoins now in circulation, with the total number of Bitcoin eventually available being capped at 21 million.

Total U.S. crude oil production has now plunged by close to -40%, more than 4M barrels a day nationwide, the largest decline ever recorded, as an unprecedented cold blast freezes well operations across the central part of the U.S. Permian Basin production is said to have dropped as much as -80%. Before the weather event, the U.S. was pumping about 11M barrels a day.

The pandemic sent the global public debt to a new record high; 11-day rally of global stock markets ends; extreme cold generate energy crisis in Texas; NASA’s Mars rover Perseverance arrived Mars on Thursday; German and British 10-year bond yields rise; Walmart shares fell -6.6% on Thursday; platinum has reached a 6-year high; protests continue over the military coup in Myanmar.

The post Recap February 21: Bitcoin Explodes $57,000, Texas Freezes, Inflation is Coming (Recap Ep111) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello talks about the effects of Tesla buying a large amount of Bitcoin, how Elon Musk is getting even more bonuses from his performance as Tesla’s CEO, and how Germany’s green electricity generation is being affected by the unfavorable weather.

New applications for unemployment benefits drop in the US; Platinum reached 6-year high; Lyft a competitor to Uber, saw a Q4 net loss of $458.2M on revenues.

The post Recap February 14: Tesla buys Bitcoin, Elon Musk Bonuses, Renewable Fail Germany (Recap ep110) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, Marcello talks about how Gamestop traders made a move on the silver market trying to replicate what they achieved with Gamestop’s stocks. There’s a possible ban coming for Bitcoin in India since governments are starting to focus on their own digital currencies. A translucent pyramid was re-discovered, is it Atlantis?

The Hunt brothers had moved to corner the silver market in 1979 & 1980, by buying up 1/3 of the entire global supply outside reserves held by governments. Within 1 year, the price for silver surged +713% to a record high of $49.45 per troy ounce, but then later collapsed in an event called Silver Thursday.

Royal Dutch Shell fell short of expectations in Q4; The semiconductor shortage is slamming the auto industry; German economy could shrink in the first quarter of 2021; Parler CEO John Matze has been terminated by the board.

The post Recap February 7: Gamestop War on Silver, Possible Bitcoin Ban, Atlantis Found (Recap ep109) appeared first on Investing & Day Trading Education: Day Trading Academy.

On today’s recap we talk about the big situation surrounding Robinhood & Gamestop. We also talk about how redditers are looking at silver as their new possible target.

The GameStop phenomena up over 100% on Friday again at over $400.00 a share has investors & much of the internet, spellbound. Shares are up nearly 1,800% already for 2021 & over 9000% year on year. It’s largely because an army of traders in a Reddit group, have been buying the stock to hurt short sellers & the hedge funds that have bet against GameStop

General Motors plans to be carbon neutral by 2040; US economy contracted by -3.5% in 2020; American Airlines Group shares soar; Italian prime minister resigned on Tuesday.

The post Recap January 31: WAR! Robinhood & Gamestop – Attacking Silver Market (Recap ep108) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, the global shares fell from record highs on Friday as new data reminded investors of the obstacles facing the economic recovery, slowing the rally provided by the new proposed U.S. stimulus. U.S. stocks ended higher on Tuesday and Wednesday, as each of the 3 major indices reached record intraday & closing highs, on investor hopes of massive new federal stimulus coming soon. However, the U.S. stock ended lower on Friday, after hitting record levels, as shares of blue-chip technology giants Intel & IBM tumbled following their lackluster quarterly results.

The volatility of Bitcoin continues, fell -9% on Friday & was on track for the biggest weekly fall in price since the -12% drop in September. Bitcoin recovered from a sharp fall overnight at around $28K in early Asia trading, to stand at $31,500 in early U.S. trading. Bounced back to near $34K, as big institutional investments buying on the dip, helped to stabilize the price.

U.S. President Biden’s executive order to rescind the permit for TC Energy to build the Keystone XL pipeline becomes the 1st hit to the U.S. economy from the new administration, which will cost 11K Americans their jobs, including 8K union positions, according to the company. It Will cost 1000’s Canadian jobs as well.

Blackrock adds Bitcoin futures among its investments; home construction in the US increased in December; the FAANG group reached a capitalization of $6.15T; Netflix’s business model requiring debt to operate is ending; General Motors shares rise due to Cruise’s partnership with Microsoft; the gap between the ultra-wealthy and other Americans grew due to the pandemic.

The post Recap January 24: US Dollar collapsing – Hedge Funds investing in Bitcoin (Recap Ep107) appeared first on Investing & Day Trading Education: Day Trading Academy.