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In today’s Recap, Marcello talks about how both China and the US have issued stark warnings about potential dangers accompanying this coming eclipse. Meanwhile, concerns arise in the tech sphere as Google’s A.I. is found venturing into uncharted territories, prompting questions about its ethical boundaries. Amidst these developments, the financial markets witness a historic moment as gold prices soar to record highs, signaling potential shifts in global economic dynamics.

U.S. services industry growth slowed further in March, while a measure of prices paid by businesses for inputs dropped to a 4-year low, which bodes well for the inflation outlook. Services are the main driver of inflation, via higher wages.The Institute for Supply Management (ISM) said on Wednesday that its non-manufacturing PMI fell to 51.4 last month from 52.6 in February. It was the 2nd straight monthly decline in the index since rebounding in January. Data last week showed services inflation excluding energy & housing cooling considerably in February, after accelerating in January.

The gold market continues its unstoppable run to record highs, as it touches an all-time high of $2,350 an ounce ahead of the weekend. The latest rally comes after geopolitical tensions in the Middle East heat up because of Israel’s war with Hamas in Gaza.

A 4.8 magnitude earthquake recorded in New Jersey that shook residents in surrounding states & New York City on Friday morning was one of the strongest in state history. The temblor was reported about 5 miles north of Whitehouse Station, New Jersey, Friday, according to the U/S. Geological Survey. The epicenter was about 45 miles from NYC, where residents reported shaking furniture & floors. It is the strongest quake to hit NYC in 139 years. The last one was dated on August 10, 1884. It is the strongest in New Jersey in 240 years, last recorded in 1783. The earthquake and its aftershocks have been felt in multiple U.S. states.

Archaeologists are now investigating claims about a long-lost group of giant humans who supposedly stood up to 10 feet tall & lived in caves in the southwestern U.S. Supersized human skulls, 15-inch sandals & massive hand prints have been uncovered in excavations inside a cave in Lovelock, Nevada since 1912, that have continued to spark the curiosity of scientists & the public at large for more than a century.

The post April 7: China & US Warn of Dangers During Eclipse, Google A.I. doing things it shouldn’t, Gold Record Highs! (Recap ep272) appeared first on Investing & Day Trading Education: Day Trading Academy.

Stay up-to-date with Marcello’s weekly recap! This time, we’re exploring the latest developments surrounding Tesla’s challenges, eclipse conspiracies, and a controversial water related decision in California. Morgan Stanley’s adjusted forecast for Tesla’s vehicle deliveries is causing a stir, while Xiaomi’s bold entry into the electric car market sparks intense competition in China. As the April 8th eclipse draws near, travel restrictions and safety concerns mount, with NASA and CERN preparing for scientific investigations. Meanwhile, California’s approval of Bill Gates’ sewage-to-drinking-water plan is causing people to debate.

Cocoa futures surged above an unprecedented $10K a metric ton this week an all time high with prices of the key chocolate ingredient doubling this year. Cocoa has more than tripled in cost over the past year. The market is being hit by poor crops in key West African growers, putting the world on course for a 3rd straight annual supply deficit. The world is facing the largest cocoa supply deficit in +60 years & chocolate consumers will see the effects w/higher prices soon. The International Cocoa Organization forecasts a supply deficit of 374K tons for 2023-24 season, a 405% increase from a deficit of 74K tons in the previous season.

Investment banker Morgan Stanley’s head of global auto & shared mobility research Adam Jonas, cut his forecast for Tesla vehicle deliveries saying he expects the electric vehicle behemoth to raise prices to compensate. He now expects Q1 deliveries of 425,400, a 9% decrease from his previous forecast of 469,400. Jonas’ new forecast still implies +0.6% y/y delivery growth. He also lowered his full-year delivery estimate to 1.95M, down from 1.99M, or 8% year-over-year growth.

The disgraced cryptocurrency mogul Sam Bankman-Fried was convicted last fall in the Southern District of New York on federal fraud & conspiracy charges related to his role in the collapse of his crypto exchange firm FTX in November 2022. On Thursday he was sentenced to 25 years in prison, after A jury found Bankman-Fried illegally used FTX depositor funds to bankroll a lavish lifestyle, purchasing luxury properties & private planes as well as making huge political donations.

Krispy Kreme shares surged +39.36% on Tuesday at $17.35, its best day on record for the stock. McDonald’s plans to sell the company’s doughnuts at its restaurants nationwide by the end of 2026, with the initial roll-out beginning later this year. McDonald’s shares were little changed during the session. Krispy Kreme stock is higher by +14.98% in 2024 & 11.58% year on year, with a market cap of $2.1B.

A report from the U.S. Labor Department on Thursday showed initial claims for unemployment benefits fell 2,000 to a seasonally adjusted 210K for the week ended March 23. Initial filings for unemployment were slightly lower than the 211K that economists had predicted.

The post March 31: Tesla in Trouble? Eclipse Conspiracies, California Drinking Water From Sewage (Recap ep271) appeared first on Investing & Day Trading Education: Day Trading Academy.

This time around, Marcello’s diving into the some of the most important topics of the week. We’re talking about record-breaking stock markets, wild predictions for Bitcoin hitting $250,000, and Tesla’s sneaky move to bump up the price of the Model Y by $1,000.

NVIDIA made waves as they unveiled their next-generation chips, propelling shares up by 1.07% to $893.98 on Tuesday. The company also announced plans to introduce their first iteration of AI graphics processors, dubbed Blackwell, later this year. This move marks a significant step forward in the realm of artificial intelligence and graphics technology, showcasing NVIDIA’s ongoing commitment to innovation.

The post March 24: Record Highs for stocks, Bitcoin to $250k?, Tesla raising Model Y price $1k (Recap ep270) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello informs us that the Tesla stock was downgraded due to converns volume by Wells Fargo; In a controversial moment at the unveiling of a ‘male’ humanoid robot in Saudi Arabia, dubbed Inapp, the machine apparently touched a female reporter inappropriately; Bitcoin’s meteoric rise continues as it surpasses gold in investor portfolio allocation, according to JPMorgan. Additionally, Bitcoin now ranks as the 8th largest asset in the world, overtaking silver, and has also surpassed the Swiss Franc to become the 13th largest currency globally.

Tesla stock fell 4.54% on Wednesday at $169.48, after Wells Fargo downgraded the electric vehicle maker to underweight from equal weight, noting risk to volume as price cuts are having a diminishing impact. Shares of Tesla are down -32.49% in the past 3 months, -31.79% in 2024 & -7.96% y/y, with a market cap of $565.43B.

The post March 17: Tesla downgraded, Robot Touches women inappropriately, Bitcoin surpasses gold/silver (Recap ep269) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello tells us how Bitcoin reached a new record high during this week of trading, also gold reached also a new historic high on Tuesday; Elon Musk is now the second richest person in the world. Musk has suffered a lost in his net worth of about $31B over the past year. There is another regional bank in the US that is facing trouble as the New York Community Bancorp halted trading on the NYSE.

Despite the present political rhetoric in the U.S. concerning inflation over time, the actual evidence is quite shocking. In January 2021, the cost of a monthly fixed 30 mortgage on a $400K home was $1,349.00. In January 2024, just 3 years later the cost was $2,148.00 at 7.09% interest, a +59.2% increase.

The post March 10: Bitcoin/Gold Record high, Elon Musk/Tesla Crash, Another Bank Failure (Recap ep268) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this recap, signs of consistent strength in consumer spending persisted, with the NASDAQ achieving its first record close in over two years. NVIDIA, for the first time, reached a market capitalization of $2 trillion, experiencing a 66% surge in its stock value in 2024 and a 244% increase year-over-year. Investors continue to favor mega-cap technology stocks as a hedge against slowing inflation.

In commodities, the world’s largest chocolatier, “Barry Callebaut,” announced a significant workforce reduction of about 19%, affecting 2,500 jobs. Meanwhile, cocoa prices reached record highs for nine consecutive days, reflecting supply concerns. Financial and banking news revealed that despite reported growth of $334 billion in Q4, US GDP expansion came at the cost of adding $834 billion in debt. The US national debt reached $34.4 trillion on Wednesday, increasing by approximately $1 trillion every 100 days.

In economic news, India’s economy outpaced expectations in Q4, growing at its fastest pace in six quarters with a growth rate of 7.6%. Conversely, China’s manufacturing activity contracted for the fifth consecutive month in February. Corporate developments included Google’s parent company suffering a $70 billion loss in market value in a single trading day following an incident involving a controversial AI chatbot. The CEO of Kellogg’s suggested that low-income individuals should consider eating cereal for dinner to save money. On a positive note, Warren Buffet, at 93, continues to lead Berkshire Hathaway, which posted its second straight record annual profit. Berkshire’s annual operating profit climbed by 21% to $37.4 billion, surpassing analysts’ expectations.

In the realm of technology, Telegram announced plans to share 50% of ad revenue with channel owners. Apple canceled its plans to build an electric car and is focusing on generative AI. Elon Musk sued OpenAI for breach of contract. Investment news highlighted the Walton family’s sale of over $1.5 billion worth of Walmart stock, along with notable figures like Bezos, Zuckerberg, Dimon, and Gates also selling significant amounts of stocks as the market hits record highs. Internationally, agricultural ministers from the EU convened in Brussels to address the crisis as farmers blocked border crossings between Poland and Germany. Sanctuary cities in the US are facing financial pressure due to the recent surge of illegal migrants, with cities like Chicago and NYC imposing restrictions on busing migrants from the South. Many experts argue for more federal assistance to ensure these cities can cope with the influx of migrants. NYC, for example, received $145 million, less than 10% of what it spent on migrant services in fiscal 2023.

The post March 3: Billionaires sell Billions stocks, Apple cancels electric cars, Warren Buffett hits record (Recap Ep267) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello talks about the recent success NVidia is having thanks to its essential participation into the rising AI race; Elon Musk’s Neuralink has succesfully implanted a chip into a human patient; Trump announced the launch of his own sneakers line.

In Q4 of fiscal 2024, NVIDIA data center segment, where its high end AI chips are manufactured saw revenue rally $18.4B. In the same quarter, a year ago, the entire company’s revenue came in at $6.1B. Net income for Q4 2023 was $12.8B. Annual profits in fiscal 2024 have reached $32.3B. In fiscal 2024, NVIDIA revenue grew 126% from the prior year with the 4th Quarter revenue up +265% from the prior year period.

Israel intensified its bombardment of Rafah in Gaza’s south ; Greek farmers were expected to drive into Athens with tractors to protest outside parliament over the impact of rising energy costs; NVIDIA last week’s market capitalization eclipsed Amazon’s & Alphabet’s to make it the 3rd-most valuable company, behind Microsoft & Apple.

The post February 25: Nvidia Crushes, Elon Musk Neuralink 1st Successful patient, Trump Gold Sneakers (Recap ep266) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello talks about some massive explosions in the sun that have caused blackouts near Australia and Asia similar to what they called the Carrington event in 1859; Mutan wolves that roam in the Chernobyl exclusion zone have been found to have some cancer-resilient genomes that could help humans fight cancer; China’s central bank has injected the financial system with liquidity to stimulate production growth.

As China’s central bank unleashes liquidity into the financial system to prod growth, banks are now chasing factories with cheap loan offers. But squeezed out by bigger rivals, smaller firms are unwilling to take on loans to finance new business, in what economists see as a broken link in China’s increasingly inefficient monetary policy. Investment by private companies, which according to state officials provide 80% of urban jobs, fell -0.4% last year, while state investment rose +6.4%.

The post February 11: Sun Explosion causes blackouts, Wolves Immune to Cancer, China in trouble (Recap ep265) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello talks about how a judge from Delaware voided Elon Musk from receiving his agreed $56B pay package in shares; Tesla Model 3 was the world’s best-selling vehicle in 2023, surparsing Toyota’s Rav4 and Corolla; Google has revealed that a newly developed AI might start reading all your private messages.

The regional bank New York Community Bancorp stock plunged -37.67%, on Wednesday at $6.47 falling to its worst day since it went public in 1993 & another -13.52% at $5.60 early Thursday morning at $5.60. The company reported that it recorded an adjusted Q4 loss of $193M, as well as a $552M provision for credit losses. NYCB took over the failed Signature Bank during the regional bank crisis in 2023. Shares fell -45.31% in 2024 & -46.25% y/y, with a market cap of $4.67B.

The post February 4: Elon Musk screwed, Tesla Model 3 best selling car, Google reading private messages (Recap ep264) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, global markets experienced mostly positive trends across the board. In 2024, health insurance policies were updated to include new exclusions and expenses not covered, notably citing “treatment of an injury or sickness due to war, declared or undeclared, riot, or insurrection.”

Oil prices rallied to their highest in two months on Friday after a fuel tanker was struck near Yemen, highlighting once again the geopolitical risks to global crude supplies. In contrast, lithium futures prices plummeted as demand for electric vehicles slowed in China, falling more than 80% from its December 1, 2022, high of $85,000 per metric ton to $14,627.73.

China took steps to boost liquidity by cutting the number of reserves banks are required to hold early next month. The reserve ratio requirement for banks was reduced by 50 basis points from February 5, providing 1 trillion yuan ($139.8 billion) in long-term capital. Meanwhile, Turkey’s central bank increased interest rates by another 250 basis points to 45%, with inflation in Turkey reaching 64.8% year-on-year in December.

Florida Governor DeSantis suspended his presidential campaign on Sunday, endorsing his bitter rival Donald Trump. The US revised its sanctions policy against Venezuela after a court upheld a ban preventing an opposition candidate from holding office, sparking debates about negotiating with dictators.

The manufacturing sector in the US hit its highest level in 15 months in January, and the services sector also outperformed expectations. South Korea’s economy grew at a faster-than-expected pace in the fourth quarter of 2023, with GDP expanding by 2.2%. The US Commerce Department reported that the US economy grew at a much more rapid pace than expected in the final quarter of 2023, avoiding a recession that many forecasters had deemed inevitable.

LVMH exceeded forecasts with a 13% organic growth, reaching $86.15 billion (equivalent to $93.34 billion USD). The conglomerate owns renowned brands such as Louis Vuitton, Moët & Chandon, Hennessy, Givenchy, Bulgari, and Sephora. Spirit Airlines appealed a Federal Judge ruling blocking its planned merger with JetBlue, and there are indications that JetBlue may terminate the $3.8 billion merger with the company. Berkshire Hathaway reached all-time highs on Wednesday, achieving a record high of $572,325.80 per share.

Neuralink, a company associated with Elon Musk, faced fines for violating US Department of Transportation rules regarding the movement of hazardous materials. DOT investigators found that the company failed to register itself as a transporter of hazardous materials and engaged in improper packaging of hazardous waste, including flammable liquid Xylene.

The post Jan 28: Health Insurance companies won’t cover war, Warren Buffett hits record, Stocks Surge (Recap Ep263) appeared first on Investing & Day Trading Education: Day Trading Academy.