Day Trading Academy

Day Trading Academy

By Marcello Arrambide: Founder - Day Trading Academy Learn to TradeBusinessEducationInvesting
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Day Trading Academy episodes

  • January 21: Tesla Best Selling Car Europe, Apple discount IPhone 15, Stocks Record Highs (Recap ep262)

    In this week’s Recap, Marcello talks about Tesla Model Y seting a record when it became Europe’s best selling car for 2023; Apple is offering Ultra-Rare discounts on its flagship iPhone 15 in China amid sliding demand fears; The S&P500 has reached an all-time high for the 1st time un 2 years.

    According to the Federal Reserve’s Beige Book report released Wednesday. U.S. economic activity over the past 7 weeks has been largely stagnant, with both hiring & prices rising at a modest to moderate pace. The summary of conditions across the Fed’s 12 districts found economic activity to be relatively unchanged since the last report Nov. 29, 2023. From a sector standpoint, housing weakened, as did the demand for mortgages amid elevated interest rates. Companies were reporting that inflation weighed on consumer activity & noted difficulty in pricing power. Wage pressures remained elevated.

    Tesla shares fell -1.98% on Wednesday at $215.55, after the U.S. electric vehicle maker slashed prices for its Model Y cars across Europe, not long after announcing similar price cuts in China. The stock is down -13.25% in 2024, but still up +69.50% year on year, with a market cap of $699.08B.
    U.K. inflation unexpectedly moved upwards to 4% year-on-year in December, fueled by a rise in alcohol & tobacco prices. Analysts had expected a modest decline in the annual headline Consumer Product Index (CPI) to 3.8%, after November’s sharper than expected fall to +3.9%.The closely watched core CPI figure, which excludes volatile food, energy, alcohol & tobacco prices, came in at an annual +5.1%, above a +4.9% analyst forecast & unchanged from November.
    The disruption of the Red Sea as of 1 of the world’s busiest shipping routes, has exposed the vulnerability of China’s export-reliant economy to supply disturbances & external demand shocks. At stake for China now is the danger that firms will reassess their de-risking strategy, opting potentially to shift production closer to home, an approach known as near-shoring. Further Red Sea & issues will pile additional pressure on a struggling Chinese economy, already contending with a property crisis, weak consumer demand & a shrinking population along with sluggish global growth.

    Scientists in China on Tuesday announced that they have cloned the 1st healthy rhesus monkey, a 2-year-old named Retro, by tweaking the process that created Dolly the sheep. Primates have proved particularly difficult to clone & the scientists overcame years of failure, by replacing the cloned cells that would become the placenta, with those from a normal embryo. They hope their new technique will lead to the creation of identical rhesus monkeys, that can be experimented on for medical research. However, outside researchers have warned that the success rate for the new method was still very low, as well as raising the usual ethical questions around cloning.

    The post January 21: Tesla Best Selling Car Europe, Apple discount IPhone 15, Stocks Record Highs (Recap ep262) appeared first on Investing & Day Trading Education: Day Trading Academy.

    16 min
  • January 15: Coldest winter on record, Bitcoin ETF approved, Beginning of United States Collapse (Recap ep261)

    In today’s recap, Marcello talks about the new record cold temperatures in a century for Sweden, reaching up to -48.8ºC or -56ºF; The SEC has finally approved the first Bitcoin ETF after a “false tweet” leaked on their official X account; The US debt has reached a level in which the government needs to pay $100B dollars per month in interest only. This is a big warning to the comming months.

    Savage winter weather hit much of the U.S. on Tuesday & was forecast to continue through the week in many areas, with forecasters predicting heavy rains up to 3 inches & high winds in the east & several feet of snow for parts of the Pacific NW. High winds & tornadoes ripped through parts of the South with at least three deaths attributed to weather. Tornadoes caused heavy damage in parts of the Florida Panhandle. Storms had taken out power for over 418K homes & businesses in 12 states on Tuesday. Snow will continue on Wed. in the Midwest & Great Lakes region, large portions of which saw blizzard conditions this week.

    Voters in Taiwan swept the ruling Democratic Progressive Party’s (DPP) presidential candidate Lai Ching-te into power on Saturday in an definitive rejection of China’s warnings not to vote for him in an election that the Chinese framed as a choice between war & peace. Current Vice President Lai’s DPP, which supports Taiwan’s separate identity & rejects China’s territorial claims, was seeking a 3rd term, unprecedented under Taiwan’s current electoral system.
    Shares of the Texas based electric vehicle maker Tesla fell 3.67% on Friday at $218.89, following price cuts on the Model 3 & Model Y in China. The firm also said on Thursday that it will temporarily halt production at its factory in Germany, over supply chain constraints stemming from attacks in the Red Sea. The stock is down -12.83% in the past 3 months & -11.91% in 2024, but remains up +78.83% y/y, with a market cap of $722.31B.
    On Tuesday in Ecuador, gunmen with explosives stormed a TV station on-air during a wave of violence around the nation that prompted President Daniel Noboa to name 22 gangs as terrorist organizations, to now be hunted by the military. Police eventually rescued the TV staff & arrested the 13 men who burst into the studio during a live broadcast with long-range guns, grenades & dynamite, according to witnesses in the coastal city of Guayaquil. Elsewhere in Ecuador, at least 7 police officers were kidnapped & there were several explosions.

    U.S. banking giants are expected to report lower profits for Q4, after they put money aside to cover non-performing loans, while also paying more to depositors. German automakers like Mercedes-Benz & Volkswagen have warned in recent months that EV sales are not developing as quickly as expected

    The post January 15: Coldest winter on record, Bitcoin ETF approved, Beginning of United States Collapse (Recap ep261) appeared first on Investing & Day Trading Education: Day Trading Academy.

    20 min
  • January 7: Elon Musk launches Cell Phone Satellites, Aliens in Miami Mall?, Beg of US Dollar Collapse (Recap ep260)

    In today’s Recap, Marcello talks about a number of Starlink satellites that will allow for cell capabilities anywhere on Earth; A massive police response was reported in a Miami mall after a misterious sight of unidentified walking beings was made. Reports talk about a group of teenagers that let off several fireworks. US federal debt has passed $34T making its payment larger than the whole military budget.

    Argentina’s cash-starved government will raise $3.2B in hard currency in order to meet debt repayments via an issuance of 10-year bills to the central bank. The new administration of libertarian president Javier Milei is fighting against the country’s worst economic crises in 2 decades, including inflation ratcheting towards 200%, a lack of foreign currency reserves & rising poverty. While the central bank has built up gross foreign currency reserves since Milei took office in December, analysts estimate that net reserves remain some $8B in negative territory. Argentina recently paid some $920M to the IMF, but faces an upcoming capital payment to the fund for about $1.95B in mid-January.

    Local news media said on Friday that the South Korean government has reportedly ordered civilians on the border island of Yeonpyeong to move to shelters, after North Korea fired 200 artillery shells into the sea near the island. Yeonpyeong Island is close to what is known as the “Northern Limit Line,” the de facto maritime border that separates the 2 Koreas, which are still technically at war. None of the shells fired on Friday actually crossed the NLL.
    The US has become the world’s biggest exporter of liquefied natural gas (LNG) for the 1st time, with 2023 shipments overtaking leading suppliers Australia & Qatar. The US exported 91.2M metric tons of LNG in 2023, a record for the country. The expanded output was due to last year’s restart of Freeport LNG in Texas, which had been closed for months after a June 2022 fire & explosion. Qatar, the top LNG supplier in 2022, saw its volumes shrink for the 1st time since at least 2016, with a 1.9% decline dropping the nation into 3rd slot for shipments. Australia ranked 2nd, with exports basically unchanged from 2022.
    On Friday, the U.S. Supreme Court agreed to take up whether former President Trump can be disqualified from appearing on Colorado’s ballot over his supposed actions surrounding the Jan. 6, 2021, Capitol attack, setting up a historic case that could upend the presidential election. The justices’ order sets the case up to be heard at a speedy pace, with oral arguments scheduled for Feb. 8 & a decision to follow. Dozens of challenges to Trump’s eligibility under the 14th Amendment have been filed nationwide, though many cases have been rejected by lower courts.
    Shippers around the world have been switching away from the Red Sea, the shortest route from Asia to Europe via the Suez Canal used by roughly 1/3 of global container ship cargo, after Iranian-backed Houthi militants in Yemen stepped up attacks on vessels in the Gulf region to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza.
    It was reported on Friday that Danish shipper giant Maersk which controls 1/6 of global container trade, is now diverting all container vessels from Red Sea routes around Africa’s Cape of Good Hope for the foreseeable future, warning customers to prepare for significant disruption, while German shipper Hapag Lloyd tallied a big increase in costs of diverting ships. It is expected to cost up to $1M extra in fuel for every round trip between Asia and Northern Europe. Higher costs have stirred worries about a resurgence in inflation, particularly in the Euro- zone.
    Finland’s record low temperatures this week inspired a tourist on a trip to the Arctic to try throwing boiling water in the air Lauri Untamo, a 49-year-old sales manager from southern Finland, was on holiday in Finnish Lapland with friends when the temperature fell to minus 30 degrees Celsius (-22°F) on New Year’s Day. Lauri said he boiled water in his cabin, quickly brought it outside & threw it in an arc over his head, surviving the attempt without burns as the water immediately turned into an icy cloud that drifted away. The lowest temperature in 25 years was recorded in Finland at minus 44.3 C (-47.74°F) which was recorded on Friday in Enontekio.

    The post January 7: Elon Musk launches Cell Phone Satellites, Aliens in Miami Mall?, Beg of US Dollar Collapse (Recap ep260) appeared first on Investing & Day Trading Education: Day Trading Academy.

    19 min
  • January 1: Stocks melt up, New heart failure pandemic?, Trump off Maine ballot (Recap ep259)

    Happy New Year! In this first recap of the year, Marcello talks about the great overall performance of the US markets and stocks, with Nvidia reaching +241% due to its heavy presence in the AI scene. A new strain from the last pandemic might be arising and causing a global “heart failure pandemic,” according to some experts. The state of Maine has ruled through its secretary of state, Shenna Bellows, that Trump is constitutionally inelegible on the state’s primary ballot in 2024.

    Ethiopia, Africa’s 2nd most populous country, became the continent’s 3rd loan default in as many years on Tuesday, after it failed to make a $33M payment on its only international government bond. It had announced earlier this month that it intended to formally go into default, having been under severe financial strain in the wake of the COVID-19 pandemic & a 2-year civil war that ended in November 2022.

    The world’s 2nd-largest container line A.P. Moller-Maersk A/S, said it’s preparing to resume shipping through the Red Sea, thanks to a new multi-national maritime task force to protect vessels from attacks by Houthi rebels from Yemen. “We are currently working on plans for the first vessels to make the transit and for this to happen as soon as operationally possible,” the company said Sunday in an advisory. The shipping & logistics company however, noted in a customer advisory, that the overall risk in the area is not eliminated & it could again initiate diversion plans if there are further safety concerns.
    Higher food prices in recent years, have prompted farmers globally to plant more cereals & oil-seeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather, more export restrictions & higher overall biofuel mandates. Global wheat , corn & soybean prices, after several years of strong gains, are now headed for losses in 2023, on easing Black Sea bottlenecks & fears of a global recession, although prices remain vulnerable to supply shocks & food inflation in 2024.
    U.S. Energy Information Administration (EIA) data showed strong oil demand in October.

    The post January 1: Stocks melt up, New heart failure pandemic?, Trump off Maine ballot (Recap ep259) appeared first on Investing & Day Trading Education: Day Trading Academy.

    16 min
  • December 23: Warren Buffet sells Billions stocks, Another War Middle East, Cybertruck Water package (Recap ep258)

    In today’s recap, Marcello talks about how Warren Buffet is selling billions of dollars from his stocks; Another conflict is arising in the Middle East and putting in danger the shipping procedures that go through the Suez Canal; and Tesla is delivering a new water package for its Cybertruck to make it work in water.

    Argentine President Milei Wednesday signed a decree outlining economic reforms including an end to limits on exports, plus measures to loosen regulations, as his new govt combats a severe economic crisis. Among the reforms are plans to privatize state-owned firms, but he did not name specific firms. His govt, which has devalued the local peso currency by over +50%, plans to hike taxes for Argentina’s grains exports which are a key source of global supply for processed soybeans, corn & wheat. Grains exports remain a crucial source of foreign currency reserves for the central bank, needed to finance imports & pay down debts.

    The U.S. Labor Department reported Thursday that the number of Americans applying for unemployment benefits rose slightly last week, but still remained at historically low levels, despite high interest rates intended to slow hiring & slow down the economy. Jobless claims were up by 2,000 to 205K the week that ended Dec. 16. The 4-week average of claims, which smooths out week-to-week ups & downs, fell by 1,500 to 212K. Overall 1.87M Americans were collecting jobless benefits the week that ended Dec. 9, little changed from the week before. Unemployment claims are a proxy for layoffs.
    Amid ongoing speculations of Federal Reserve Bank interest rate cuts, gold prices stabilize near the $2,050 range, while copper nears a 4-month high on further Chinese stimulus hopes.
    Warner Bros Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish to discuss a potential deal between the 2 media companies, it was reported on Wednesday. Zaslav has also spoken to Shari Redstone, who owns Paramount’s parent company, about a deal. It is unclear whether Warner Bros would buy Paramount Global or its parent company, National Amusements Inc (NAI). Paramount is controlled by the Shari Redstone-led media company that owns 77% of Paramount’s Class A voting shares. Talks between Warner Bros & Paramount are still early, and may not ultimately result in a deal.
    Oil posted the biggest weekly gain since October, as attacks in the Red Sea forced 100’s of ships to take safer but far longer (+40%) routes, thus delaying the delivery of oil cargoes.
    FedEx shares plunged -12.05% on Wednesday at $246.25, after the U.S. package delivery behemoth cut its revenue outlook due to weaker demand.
    Social media platform X, formerly known as Twitter, was restored globally early Thursday, with over 77K U.S. users facing issues at the peak of the outage, according to Downdetector data. Users in Canada, France, the U.K. & other countries reported issues with accessing both X & X Pro, earlier known as TweetDeck. Over 7K users in Canada & the U.K. experienced issues with the platform. Downdetector tracks outages by collating status reports from several sources including users.
    An artifact stolen from Pompeii, has been recovered from a family home in Belgium. For the past 50 years, it has been installed in a wall lining the staircase leading down to the basement. The son of the home’s owner, Geert de Temmerman, explained that it had been brought back from Italy as a souvenir as a result of a family vacation where his father was offered the marble relief sculpture by an anonymous man, who then fled the scene as soon as the deal was over. Dating from about 62 C.E., depicting an earthquake that happened that same year

    The post December 23: Warren Buffet sells Billions stocks, Another War Middle East, Cybertruck Water package (Recap ep258) appeared first on Investing & Day Trading Education: Day Trading Academy.

    18 min
  • December 17: UK Warns of Blackouts, Mark Zuckerberg builds Doomsday Bunker, Coinbase Sues SEC (Recap ep257)

    In this week’s Recap, Marcello talks about a warning shared by the UK about possible future blackouts in the country; Mark Zuckerber, the head of Meta, is reportedly building a massive underground bunker and escape hatch inside a $270 million fortress in Hawaii; Coinbase is set to sue the SECfollowing the denial of transparent crypto regulation.

    Argentina to weaken its peso over 50% to 800 per dollar, cut energy subsidies & cancel tenders of public works, new Economy Minister Luis Caputo announced on Tuesday, beginning the economic shock therapy aimed at fixing the country’s worst crisis in decades. Caputo said the plan would be painful in the short-term, but was needed to cut the fiscal deficit & bring down triple-digit inflation. He said the country needed to tackle a deep fiscal deficit he put at 5.5% of GDP, adding Argentina had a fiscal deficit for 113 of the last 123 years, the root cause of its economic woes.

    On Wednesday, representatives from nearly 200 nations agreed at the COP28 climate summit to begin reducing global consumption of fossil fuels, to avert the worst of climate change, a 1st of its kind deal signaling the eventual end of the oil age.The deal struck in Dubai after 2 weeks of hard-fought negotiations was meant to send a powerful signal to investors & policy-makers that the world is united in its desire to break with fossil fuels, something some scientists insist is the last best hope to stave off a climate catastrophe.
    Oil prices ended lower on Friday, but still notched their 1st weekly rise in 2 months after benefiting from a bullish forecast from the International Energy Agency (IEA) on oil demand for next year & a weaker dollar.
    The U.S. economy accelerated at a 5.2% rate in Q3. Though growth is now cooling, most economists do not expect a recession right now, with the labor market continuing to push out jobs at a healthy clip.The Atlanta Fed is forecasting U.S. GDP to rise at a +1.2% rate in Q4, below what Fed officials regard as the non-inflationary growth rate of around +1.8%. October-December growth is also seen restrained by a wider trade deficit & slower inventory accumulation.
    U.S. Labor Department on Thursday showed initial claims for state unemployment benefits dropped 19K to a seasonally adjusted 202K for the week ended Dec. 9. Economists had forecast 220K claims for the latest week. The number of people receiving benefits after an initial week of aid increased 20K to 1.876M during the week ending Dec. 2, the claims report showed. Continuing claims have mostly increased since mid-September, blamed largely on difficulties adjusting the data for seasonal fluctuations after an unprecedented surge in filings for benefits, early in the COVID-19 pandemic.
    According to data from the World Federation of Exchanges. India’s stock market value has overtaken Hong Kong’s to become the 7th largest in the world, as investor optimism about the country’s economic prospects grows.

    The post December 17: UK Warns of Blackouts, Mark Zuckerberg builds Doomsday Bunker, Coinbase Sues SEC (Recap ep257) appeared first on Investing & Day Trading Education: Day Trading Academy.

    19 min
  • December 10: Last “Normal” Christmas, Blackouts in Sri Lanka, Google fakes Gemini presentation (Recap Ep256)

    The week began with Sri Lanka experiencing a nationwide power outage attributed to a system failure. Meanwhile, a foreboding sentiment emerged as experts warned that the current Christmas season might be the last celebrated in what we perceive as ‘normal’ times. The World Economic Forum added to this sense of unease, predicting that 2024 could bring about “cataclysmic” changes. Further aggravating the situation, a report highlighted a significant shrinkage of the middle class, with only the top 30% of households affording what was once within reach of the top 60% in past decades.

    In the commodities market, Saudi Arabia announced a daily production cut of 2.2 million barrels as part of OPEC+. Concerns about oversupply led to the possibility of deeper supply cuts in the first quarter of 2024, and the crude market experienced its lowest levels since late June. Retail gas prices hit their lowest point since January, just ahead of the holiday season. The complex dynamics of the oil market, including a stronger-than-expected US jobs report and plans to refill the Strategic Petroleum Reserve, resulted in the longest weekly losing streak since late 2018.

    Financial news featured YouTube personality Logan Paul’s announcement of a $1.5 million plan to compensate investors after his CryptoZoo NFT project experienced a rug pull. In the UK, house prices rose for the second consecutive month, albeit still 1% lower than the previous year. India’s central bank held its key lending rate for the fourth consecutive time as inflation slowed for three straight months, while Russia’s upcoming elections could see Putin retain power until 2030.

    On the political front, India’s ruling Bharatiya Janata Party secured victories in regional votes, providing a significant boost to Prime Minister Narendra Modi ahead of the upcoming national election. Venezuelan President Maduro won a sought-after referendum regarding sovereignty over the oil-rich region of Essequibo, though lackluster turnout suggested a declining government influence. Additionally, Putin’s announcement of running for a fifth presidential term in Russia’s 2024 elections drew attention, potentially extending his tenure until 2030.

    Economic indicators presented a mixed picture as job openings in the US fell to the lowest level since March 2021, while Japan’s GDP shrank. Corporate news highlighted the struggles of companies like Virgin Galactic, Alaska Air Group, and Shopify, each facing unique challenges and market responses. Meanwhile, Google faced scrutiny for misleading AI presentations, and the European Union took steps to regulate AI use, including in biometric surveillance and systems like ChatGPT.

    The post December 10: Last “Normal” Christmas, Blackouts in Sri Lanka, Google fakes Gemini presentation (Recap Ep256) appeared first on Investing & Day Trading Education: Day Trading Academy.

    14 min
  • December 3: Tesla Delivers First Cybertruck, Charlie Munger Dies, Cristiano Ronaldo Sued over Binance (Recap ep255)

    In today’s recap, Marcello talks about the first official delivery of Tesla’s renamed Cybertruck, which is now also known as Cyberbeast due to its characteristics and performance; Charlie Munger, Warren Buffet’s friend and business partner, has died at 99 years old; Cristiano Ronaldo, the world-famous football (soccer) player, is being sued for over one billion dollars due to his participation in promoting Binance.

    Henry Kissinger, the dominant U.S. diplomat of the Cold War era who helped the U.S. open up to China, forge arms control deals with the former USSR & end the Vietnam War, died at the age of 100 on Wednesday at his home in Connecticut. Kissinger was at the height of his powers during the 1970’s in the midst of the Cold War, when he served as National Security Adviser & Secretary of State under Republican President Richard Nixon. Kissinger, a German-born Jewish refugee whose career took him from academia to diplomacy & who remained an active voice in foreign policy far into his later years.

    OPEC+ alliance announced roughly 900K barrels a day of fresh output cuts for next year, but the curbs are voluntary, with Angola already rejecting its quota. In the US, the oil rig count increased by five in the most recent week, signaling a continued increase in the country’s already-record output.
    In an exciting recent auction at Christie’s, a Claude Monet which had been held in a private collection for 50 years came to light, selling for an impressive $74,010,000.
    The mystery of how the Egyptian pyramids were built may have finally been solved thanks to the discovery of an ancient branch of the Nile river that once flowed through Giza. 100’s of meters wide, the enormous waterway has long since dried up, but could have provided transportation for the colossal amounts of material & workers needed to construct the iconic landmarks 1000’s of years ago.
    Heavy snowfall in Bavaria, Germany prompted an all-day cancellation of flights & long-distance trains out of Munich the capital

    A senior U.S. State Department official said that Russian President Vladimir Putin won’t make peace in Ukraine, before he knows the results of the November 2024 U.S. election; According to the Commerce Department’s 2nd estimate, released on Wednesday U.S. economic growth was even stronger in Q3 than previously estimated.

    The post December 3: Tesla Delivers First Cybertruck, Charlie Munger Dies, Cristiano Ronaldo Sued over Binance (Recap ep255) appeared first on Investing & Day Trading Education: Day Trading Academy.

    19 min
  • November 27: Peace Deal, Thanksgiving Meal Up 30%, Freedom for Argentina (Recap ep254)

    In today’s Recap, Marcello talks about a 4-day cease-fire agreement between Israel and Hamas to exchange prisoners; Thanksgiving turkey dinner is 30% more expensive since Biden took office. Argentina has elected libertarian Gabriel Milei as its next president, and he promises to change heavily the way the country has been governed over the last decades.

    The U.S. home device maker iRobot shares surged +39.08% on Friday at $41.48. The jump came after it was reported, that Amazon is about to win regulatory approval in the European Union to go forward with its planned $1.4B acquisition of the company.

    The Monetary Authority of Singapore says the country will put into place tighter rules for cryptocurrency service providers, after feedback on its proposed regulations. In a statement on Thursday, the MAS said that the measures are set to limit potential consumer harm & will take effect in phases starting in mid-2024. The measures to include barring crypto service providers in Singapore from accepting locally issued credit card payments, offering incentives to trade in cryptocurrencies, as well as providing financing, margin or leverage transactions for retail customers.
    Irish police guarded looted stores & firefighters dealt with smoldering vehicles in the heart of Dublin’s city center early Friday, after the stabbing of 3 young children sparked a night of rioting rarely seen before in the capital. It took officers several hours to regain control, after the crowd grew to around 200 – 300 people. Police blamed far-right agitators for starting the violence, after a small group of anti-immigrant protesters arrived at the scene of the stabbing attack beside the main thoroughfare of O’Connell Street & clashed with police.
    Dutch anti-Islam, anti-EU populist politician Geert Wilders seems set to become the Netherlands’s next prime minister after his Freedom Party (PVV) was leading the exit polls in the parliamentary election on Wednesday. Beating all predictions, the exit poll put Wilders’ Freedom Party (PVV) at 35 out of 150 seats, 10 seats ahead of the closest rival, former EU Commissioner Frans Timmermans’ Labour/Green Left combination. That margin was far more than expected & appeared to be too great for the outcome to change.
    Gunung Padang, a megalithic structure in West Java, Indonesia, may be the world’s oldest pyramid. Recent research suggests the ancient site may predate Egypt’s famous pyramids & is even older than the stone structures of Turkey’s Gobekli Tepe. A team of archaeologists, geophysicists, geologists & paleontologists affiliated w/multiple institutions in Indonesia, found evidence showing that Gunung Padang is the oldest known pyramid globally. Led by a team at Indonesia’s National Research & Innovation Agency, the research suggests that Gunung Padang dates back to the last Ice Age, around 25K to 14K years ago.

    Japan’s factory activity remained in contraction territory in November; Germany has been among the weakest economies in Europe in 2023; China’s property market, which makes up a substantial portion of the country’s economy, needs more government support to prevent it from deteriorating further.

    The post November 27: Peace Deal, Thanksgiving Meal Up 30%, Freedom for Argentina (Recap ep254) appeared first on Investing & Day Trading Education: Day Trading Academy.

    22 min
  • November 19: Chaos with Chat GPT, SpaceX Launches Falcon Heavy, Consumer Spending Alarm (Recap Ep253)

    In this recap, Goldman Sachs’ David Kostin reports resilience in S&P 500 Q3 earnings per share, marking the first growth since last year. Meanwhile, a significant development emerges from Switzerland, where a systematic review has prompted the banning of mammograms due to uncertainties about their effectiveness, false positives causing harm, and unfavorable cost-effectiveness ratios in screening programs.

    Commodities make waves with a Texas study revealing that the hidden costs of fueling electric vehicles far outweigh the upfront savings, equivalent to roughly $17 per gallon. Additionally, Rolex and Patek prices hit a two-year low, while US beef prices reach record highs, driven by a shrinking cattle herd and challenges faced by ranchers amid years of drought and high feed costs. A surprising twist unfolds as a coal mine in Wyoming, purchased 12 years ago, might hold a treasure trove of rare-earth elements, potentially becoming America’s first new source since 1952.

    In Financial & Banking News, the US experiences flat October inflation, offering a glimmer of hope for easing high prices. Swiss banking giant UBS predicts a significant Fed rate cut of up to 275 basis points in 2024, diverging from market consensus, as concerns of a US recession loom. On the other side of the Atlantic, UK inflation falls sharply to 4.6%, a two-year low from the previous month.

    Political News highlights New York’s Governor monitoring social media for hate speech, China’s ambitious construction of two coal plants per week, and massive protests in Spain following a controversial deal by Socialist Pedro Sanchez to grant amnesty to Catalan separatists. Critics accuse him of jeopardizing the rule of law for personal political gains.

    Corporate News sees SpaceX launching Falcon Heavy, OpenAI (ChatGPT) firing and potentially rehiring CEO Sam Altman, Citigroup planning major layoffs, and Tesla shares rallying after unveiling updated terms for Cybertruck agreements. Notably, buyers are restricted from selling the vehicle within the first year without permission, facing potential legal consequences and a possible ban on future Tesla purchases.

    In Trade News, Singapore’s non-oil domestic exports continue to decline, albeit at a slower pace, with a -3.4% fall in October. The slump is attributed to a slowdown in exports to key markets such as Taiwan, the U.S., and South Korea.

    International Events unfold as Iceland declares a state of emergency, urging residents to evacuate a coastal town due to intense earthquakes linked to a potential volcanic eruption. In the realm of Interesting Facts, archaeologists discover a pyramid structure in Kazakhstan dating back over 3,000 years, while Alaska’s largest city declares a ‘snow emergency’ after a record snowfall of 65 inches in less than 24 hours, causing widespread disruptions.

    The post November 19: Chaos with Chat GPT, SpaceX Launches Falcon Heavy, Consumer Spending Alarm (Recap Ep253) appeared first on Investing & Day Trading Education: Day Trading Academy.

    18 min

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Everything you need to know to learn how to trade and invest in the stock. We are starting this podcast a weekly recap of the financial markets and economy in order to allow you to start to understand…