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In this week’s recap, we find one of the most contested presidential elections in US history, where the vote puts Biden as president, but Trump assures that he will execute certain measures to contest the election. US stocks closed much higher on Thursday, in a fourth consecutive day of gains for major indices, the best week since April. The shares of the main technology-related companies led the profits. However, the month of October ended negatively for the main US indices.
In the U.S. nearly 99M early votes have been cast in person or by mail as of Monday night, about 72.3% of the entire turnout in 2016, representing about 40% of all Americans, who can participate in the U.S. election.
U.S. Big Tech was on a tear this week. From Thursday shares of Facebook gained +12%, Amazon & Apple rose +9.4% & +9.3%, respectively, while Microsoft surged +10.3%. Collectively they are expected to dip a bit in Friday’s down market.
Bitcoin rose 9% overnight to $15,913, its highest level in nearly 3 years, as mainstream investor interest in the cryptocurrency builds & the US dollar further weakens. The value of 1 Bitcoin has more than doubled in 2020. The price gains have been dramatic in the past few weeks, with it rising 40% since early October.
Bezos has sold over $3B worth of his Amazon stock; Qualcomm shares surged +12.75%; renewable energy stocks in the US fell on Wednesday; Wendy’s shares fall due to falling short of Q3 expectations; experimental Alzheimer’s drug skyrocketed Biogen’s shares; Ant Group’s A-share IPO suspended; the U.S. records more than 100,000 new covid infections in one day.
The post Recap November 8: Election Chaos – Stocks Skyrocket (for now) (Recap Ep096) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s recap, Marcello talks about what seems like a repetition of the beginning of the coronavirus crisis, with the stocks market falling at record numbers not seen since months ago.
U.S. stocks to record one of their worst weeks of the year. All 3 indices are in the red & on track for their worst performance since March, when the market tumbled under the 1st wave of coronavirus infections & business lockdowns.
U.S. stocks closed lower in the worst drop since June; Taiwan has achieved 200 days without a locally transmitted case; China could surpass US GDP in the next decade; AMD agreed to buy Xilinx
The post Recap November 1: Crisis 2020 – Stocks Dive Again (Recap Ep095) appeared first on Investing & Day Trading Education: Day Trading Academy.
Today, Marcello talks about that old saying that 90% of traders lose money and tries to find a study that backs up that asseveration but finds none.
But the real question is, why most people, in the beginning, lose money? Probably because people are sold a dream that they are going to open a small account and after a weekend-long course they will become millionaires and that is NOT TRUE. Trading is a skill that you have to develop over time.
The post Do 90% of traders lose money? FALSE appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s recap, we see that US stocks were heavily influenced by updates on the progress of the US government’s stimulus plans. Republicans now offer $ 1.9 trillion versus Democrats at $ 2.2 trillion. House Speaker Nancy Pelosi said a deal on the new aid was “almost ready.”
PayPal joins the cryptocurrency market Wednesday, thus allowing customers to buy, sell & hold Bitcoin & other virtual coins. PayPal customers can also use cryptocurrencies to shop at the 26M merchants on its network, starting in early 2021. PayPal shares +5.50% at $213.07 on the news, with Bitcoin surging over +7% to $12,760.00
U.S. Labor Department reports that initial weekly jobless claims came in at 787,000 falling by 55,000 for the week ending Oct. 17. Economists polled by Dow Jones expected gains to come in at 875,000. It is the 1st time since March that initial claims came in below 800,000.
The cost to service U.S. government debt now in excess of $27 trillion for the year came to $522.8 billion, which actually was the lowest total since 2017, due to low government bond yields, helped in part by the Federal Reserve, which helped keep debt service costs far lower.
IMF expects big downturns in Philippine, Malaysian and Indian economies; Remdesivir drug obtains authorization in the US as a treatment for Covid-19; the U.K. signs a trade deal with Japan; investment funds are focusing on European stocks; coronavirus threatens Europe’s economic recovery; Alibaba is spending $3.6B to take a controlling stake of Sun Art Retail Group; over 40M coronavirus infections worldwide; James Dyson is taking a big loss.
The post Recap October 25: Paypal Now Allows Bitcoin – Oil slides (Recap Ep094) appeared first on Investing & Day Trading Education: Day Trading Academy.
In today’s video Marcello talk to us about how we can make a fortune investing in Medellin, Colombia.
Colombia has an extremely dynamic economy when compared to other Latin American countries. It has an excellent bank for your buck, and because of the coronavirus pandemic, the dollar has exploded to the upside letting you get a very significant discount when looking for property around the world and especially in Colombia.
One of the great things about Medellin and its property value is that now that everybody thinks that it’s safe, there are a lot more people pouring into it, opening businesses, investing in Colombia. Also, tourism has increased significantly in Colombia, even though the coronavirus probably hurt that too, but it will recover and regain that soon. So it’s an opportunity you can’t miss since, as we already said, the strong dollar will make you get a property for 60%-70% the price of what the property is worth, due to the current amazing exchange rate, then the real state will continue to rise its value; according to the DIAN, which is like the Colombian IRS, the properties are valuating at 7% annually, but Marcello argues that the real value of a property is what someone is willing to pay for it, not what the organization says, so it can go really higher than that due to all the great characteristics of this growing region; and once the dollar goes back down when you bring back the money you will be able to make a fortune.
The post Making a fortune investing in Medellin appeared first on Investing & Day Trading Education: Day Trading Academy.
In today’s recap, we talk about the overall rapid reduction of unemployment in the U.S. and a possible second quarantine due to a new wave of coronavirus infections.
U.S. unemployment still has a long way to go to return to the under 4% rate before the pandemic & resulting recession, but the overall rapid reduction to 7.9% last month is an average, uneven growth of jobs, is the rule across the country. The jobless rate has fallen to just 6.6%, in the so called conservative Red States, but remains at a much higher rate of 10.5%, in the more leftist Blue States.
Saudi Arabia failed to become a member of the United Nations Human Rights Council; Norway is accusing Russia of being behind a cyber-attack; Azerbaijan denounces Armenia of trying to attack its gas & oil pipelines; China suspends purchases of Australian coal
The post Recap October 18: Unemployment Down – 2nd Quarantine (Recap ep093) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s recap, we talk about the plans of central banks of creating their cryptocurrency. Some anarchists had planned on kidnapping the governor of Michigan. Stocks rose on hopes of more stimulus.
The Bank for International Settlements in collaboration with a group of 7 major central banks, published its 1st joint report into central bank digital currencies on Oct. 9. The Bank of Japan, one of the members, released a document outlining its own specific approach from a Japan-centric perspective to begin in 2021.
Canada gained 378,200 jobs in September & the unemployment rate fell to 9.0%, beating analyst expectations, as schools reopened & the economy continued to reopen from coronavirus shutdowns, Analysts had predicted a gain of only 156,600 jobs & for the unemployment rate to fall to 9.7% from 10.2% in August.
Global oil prices dipped Friday, but both world benchmarks remained on course for their biggest weekly gains since early June, with U.S. WTI remaining above $41.00 a barrel & international Brent above $43.00 a barrel, due to supply cuts caused by a storm in the Gulf of Mexico & a strike of offshore workers in Norway.
The number of Institutional investors investing in Bitcoin continues to increase & it appears to be providing new confidence in the price, once again surpassing $11K. Square announced this week that it had purchased 4,709 Bitcoin for $50M, following MicroStrategy, which also announced a significant purchase of Bitcoin.
The number of Americans filing new claims for jobless benefits drifted lower last week, initial claims for state unemployment benefits totaled a seasonally adjusted 840K for the week ended Oct. 3, vs. an upwardly revised 849K in the prior week. Economists had forecast an even lower 820K applications in the latest week.
Trump will support Independent Stimulus Check Bill; The U.S. trade deficit rose to its highest level in 14 years; Apple to unveil its latest iPhones on the 13th; India is giving new incentives to attract smartphone manufacturers.
The post Recap October 11: The End of Bitcoin? Michigan Govt Kidnapping, Stocks Rise (Recap ep092) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this week’s recap we talk about forecasts on lay offs coming anytime soon, President Trump and Melania testing positive for COVID, and the Irish Supreme Court ruling that Subway’s bread does not qualify as bread.
American Airlines & United Airlines say they will begin to furlough a total 32K employees, after lawmakers failed to agree on a broad pandemic relief package, that includes more federal aid for airlines. American Airlines CEO says a deal with $25B for airlines would allow the company to reverse 19K furloughs set to begin. United made a similar statement with concern over 13K workers.
Volatile beginning of the 4th quarter; Signing of contracts to buy homes in the U.S. is on the rise; New claims for jobless benefits remains at near recession levels; Rolls-Royce RR will sell shares at a 41% discount; Devon Energy & WPX Energy will move forward with a merger of equals
The post Recap October 4: Lay offs are coming, Trump gets COVID, Subway Has Sugar Bread (Recap Ep091) appeared first on Investing & Day Trading Education: Day Trading Academy.
In this recap, the US stocks had several declines and slight recoveries over the week, falling in tandem with oil & gold prices & worries among investors of further turbulence ahead due to concerns over new coronavirus lock-downs & the inability of Congress to pass more fiscal stimulus, thus hurting the domestic economy.
Global shares fall with USD hitting a 2-month high, on investor concerns over another economic hit from the coronavirus pandemic, ahead of key U.S. jobless data. The infection rate has begun to rise sharply in Europe, with several countries including the U.K. re-introducing rules to help limit the spread of the virus.
Tech giant Apple shares fell -4.19% on Wednesday & are down another -1.36% in the Thursday pre-market at $105.67 with a market capitalization of $1.86T. Shares are still up +46% in 2020. UBS downgrades Apple on the expectation that services revenue is linked to iPhone sales to materially decelerate.
Despite political polls that continue to show former U.S. Vice-President Joe Biden ahead of President Trump nationally & in some key swing states, many analysts & pundits doubt the veracity of these voter surveys, based on methodology & the political motivation behind them, 39 days to the election.
Nike shares continue to rise, exceeding sales expectations; Microsoft shares hit $ 207 on Tuesday; former Ecuadorian President convicted for corruption; Venezuela’s GDP would fall another 15% this year; new single-family home sales in the US rose 4.8% in August; the U.S. hits the milestone of 200K deaths somewhat attributed to the coronavirus; Iran has 10 times the amount of uranium that the 2015 agreement allows.
The post Recap September 27: New Quarantine, Stocks Dumped, Tesla makes promises (Recap Ep090) appeared first on Investing & Day Trading Education: Day Trading Academy.
Today we are talking about why the market crash and if the bubble has finally popped.
2020 has been a pretty crazy year; The pandemic, the hurricanes, and now the elections of the U.S. next president. A lot of Marcello’s followers have been asking about what happened to the market and why it is crashing, so that’s the reason for this video.
The recent passing of supreme court justice Ruth Bader Ginsburg has spiced up things around the elections and created an uncertainty climate around them, especially if the elections get to the point of being like they did between Gore and Bush when the case went to the supreme court and the supreme court was who decided who the winner was.
This is only said as context. Marcello doesn’t like to take political subjects to the show but this particular situation is affecting the markets and how they will behave in the future.
The pandemic related lockdowns caused big damage to the global economy. Almost 60% of all small businesses had to close due to that situation. Also, the governments are creating a stimulus to push the economy back up but to do that, they are creating more and more debt. Almost reaching the point that would make that debt unpayable.
All of this is making the economic situation unstable and causing what looks like the market bubble finally popping.
The post Crisis 2020: Did the stock market bubble just pop? appeared first on Investing & Day Trading Education: Day Trading Academy.
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