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In today’s recap, Marcello talks about how the weakening position of the dollar facebing the other world currencies might lead to an eventual collapse of it and an hyperinflation in the US; Binance is struggling to find a bank to manage its funds after the collapse of SVB; Tesla is again delivering a record amount of vehicles.

U.S. dollar will weaken vs most major currencies in 2023 as the interest rate gap w/its peers stops widening, putting the currency on the defensive after a multi-year run, say a number of currency experts. Despite starting 2023 on a weak footing, the dollar bounced back in Feb, gaining nearly 3% for the month, on expectations the Fed would take interest rates higher than previously thought. The failure of 2 regional U.S. banks in March, forced the Fed to temper those expectations, pushing the dollar to retreat.

71 Chinese military aircraft crossed the median line of the Taiwan Strait on Saturday; U.S. employers maintained a strong pace of hiring in March, with nonfarm payrolls increasing 236K for the month; Finland’s outgoing Prime Minister Sanna Marin announced she is stepping down as leader of the Social Democratic party; U.S. manufacturing activity slumped in March to the lowest level in nearly 3 years

The post April 9: Dollar collapse incoming, Binance can’t find banks, Tesla record deliveries (Recap ep222) appeared first on Investing & Day Trading Education: Day Trading Academy.

Last week’s economic and financial news saw a mixed bag of updates. Global markets were mostly up, with the US facing a growing wave of global de-dollarization as BRICS push for a new common currency. Meanwhile, cryptocurrencies were in the spotlight with the US Fed judge temporarily stopping the $1.3B sale of Voyager Digital to Binance and CFTC suing Binance for alleged violations of federal laws governing commodities markets.

On the financial front, German consumer prices continued to rise, exceeding Euro-area average inflation rates in recent months. The failed Silicon Valley Bank was also in the news as First Citizens acquired its deposits and loans for up to $500M in stock. In France, 40% of the stocks for 65,000 tons of natural gas were owned by foreigners, as the country looks to buy more natgas from China in Yuan.

In corporate news, Alibaba announced its biggest restructuring in 24 years, splitting into six units and exploring fundraisings or listings for most of them. Meanwhile, Baidu launched an AI fold with “Ernie-bot,” and four artificial intelligence experts expressed concern after their work was cited in an open letter calling for an urgent pause in research. The letter was co-signed by Elon Musk and called for a six-month pause in developing systems more powerful than Microsoft-backed OpenAI’s new GPT-4.

Finally, in trade news, South Korea saw exports fall for the sixth month in a row in March, highlighting ongoing challenges for Asia’s fourth-largest economy. All in all, it was a busy week for the economic and financial world, with plenty of developments to keep an eye on in the coming weeks.

The post April 2: Countries Attack US Dollar, Attacks Food Cargo Begin, Binance Attacked (Recap Ep221) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, Marcello talks about how the banking crisis is affecting Europe as well; Deutshce Bank’s shares had a rough week after the cost of insuring the bank’s debt against the risk of default; Coinbase is seing its shares plunge again due to recent government statements on enforcement action for violations of federal securities laws; California has lost billions of dollars of food due to recent floods; Spain is likely to halve its olive oil output.

Germany’s largest bank Deutsche Bank shares tumbled on Friday after the cost of insuring the bank’s debt against the risk of default surged to over 4-year highs, highlighting concerns among investors about the stability of Europe’s banks. Deutsche shares, which have lost more than a 20% of their value so far this month, fell by as much as -14.9% on Friday to their lowest in 5 months. The shares ended down -4.30% at $9.23. The bank has seen $3B wiped off its market value in the space of just 1 week.

The visit by Chinese President Xi, his 1st to Russia since Putin invaded Ukraine just over a year ago, marked a political win for both leaders; Shares of GameStop surged +35.24% on Wednesday at $23.87, after the gaming retailer posted a quarterly profit for the 1st time in 2 years with net profits at $48.2M.

The post March 26: More Bank Failures now in Germany, War against Crypto, Food Shortages To Get Worse (Recap ep220) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, recent economic data have shown inflation in line with target and have eased investor concerns about bank contagion, although year-over-year inflation remains elevated at 6%. The inflation rate has declined for the eighth consecutive month, with a slowdown in food price increases offsetting higher gasoline prices and another rebound in rents. Food prices are up 9.5%, energy prices are up 5.2%, clothing prices are up 3.3% and new vehicle prices are up 5.8%. Housing costs are up 8.1%, accounting for more than 70% of the overall increase. In the banking sector, First Republic is the fourth bank to fail this year, but reports suggest that the nation’s largest banks are discussing a joint bailout of the lender. The Wall Street Journal has also reported that 186 banks have been found to have vulnerabilities similar to Silicon Valley Bank.

In the commodities market, oil has continued to suffer losses as the ripple effects of the biggest U.S. banking collapse since 2008 continue to be felt across financial markets. Oil prices fell to 15-month lows on Wednesday, with U.S. crude down 14.89% from $76.68 to $66.74 and Brent down 13.44% from $82.78 to $72.97. Meanwhile, UBS AG has reported that China is stepping up its efforts to mine lithium and is expected to account for nearly a third of global supply by mid-decade. The bank expects Chinese-controlled mines, including projects in Africa, to increase production to 705,000 tons by 2025, up from 194,000 tons in 2022. This would increase China’s share of this essential mineral for electric vehicle batteries to 32% of global supply, up from 24% last year. In other news, the London Metal Exchange has found bags full of stones instead of nickel in one of its warehouses, raising fears that the claims about #gold and #silver are also true. On a positive note, gold had its best week in three years and jumped back above $1,900 an ounce.

In corporate news, United Airlines’ shares fell by 5.37% on Tuesday, closing at $46.21, after the carrier forecast a Q1 loss due to weaker demand growth compared to other months and higher fuel costs. Tesla has announced that it is returning to using electric vehicle motors with no rare earth elements, but this move may be problematic as China is a major producer of these elements. On Tuesday, Meta Platforms announced that it will cut 10,000 jobs this year, becoming the first Big Tech firm to announce a second round of mass layoffs as the industry braces for a deep economic downturn. The cuts are part of a restructuring effort that will end hiring for 5,000 openings, stop lower-priority projects, and flatten layers of middle management. Meanwhile, Samsung expects to invest $230 billion over the next 20 years to develop the government-called world’s largest chip-making base, in line with efforts to boost the national chip industry. On Wednesday, T-Mobile US Inc announced that it will buy Ryan Reynolds’ Mint Mobile for $1.35 billion, allowing T-Mobile to tap into a larger share of the pay-as-you-go customer base. The numbers are expected to swell as credit-challenged people shy away from hefty monthly bills. In other news, Saudi Aramco has reported a record-breaking net income of $161.1 billion, a staggering 46.5% surge in its net income due to strong crude oil prices, resulting in a blowout annual profit.

The post March 19: More bank failures, govt attacking crypto, stocks collapse (Recap Ep219) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, Marcello talks about the recent events that might indicate the beginning of the crisis that has been knocking on the world economy’s door for the last couple of months; this week, the 2nd largest bank collapse in history just happened to Silicon Valley Bank, and also Silvergate Bank apparently collapsed as well; both of these situations dragged down the markets with them.

Shares of SVB Financial Group fell -60.41% on Thursday at $106.04, after the firm said it intends to offer $1.25B of its common stock & $500M of depositary shares, weighing on the entire banking sector on concern that more banks, will incur heavy losses on their bond portfolios. SVB Financial also cut its Q1 net income guidance. Shares were down another -61% in premarket trading Friday at $36.10. The stock is down -53.92% in 2023 & -80.01% y/y, with a market cap of $15.83B.

The post March 12: Beginning of the crisis? 2nd largest bank collapse in history, Crypto Bank collapses as well (Recap ep218) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello tells us that Elon Musk is again the world’s richest man after the stocks from Tesla spike 70%; Crypto Companies Behind Tether/Bitfinex Used Falsified Docs & Shell Companies to Get Bank Accounts; The largest supermarkets in UK are now strictly rationing many fruits and vegetables, 22% British households skipped meals or even fasted for a whole day in January.

Russia’s grain exports are booming as buyers load up on its attractive bumper supplies. The country’s shipments of wheat, its main crop, almost doubled in January & February from a year earlier.

After 5 consecutive weeks of losses, the gold market posted its 1st weekly gain; Russia & the United States’ top diplomats spoke in person on Thursday, for the 1st time since the invasion of Ukraine, on the sidelines of a G20 meeting where ministers traded blame over the conflict; Elon Musk’s latest plan for Tesla Inc. fell flat as the electric-car maker shared few details about the next-generation models that will underpin its next phase of growth.

The post March 5: Elon Musk World’s Richest again, Tether USDT Bankrupt? Food rationing in UK (Recap ep217) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, Marcello talks about the hacking that the Dole Food Company suffered, leaving ALL its North America Production in a halt, This firm is one of the world largest producers of fruits and vegetables; Poland has started Installing Anti-Tank barriers along its order with Belarus; Tuesday was the worst session of the year so far for all the US stock indexes.

U.S. inflation data for January was hotter than expected. The core price index y/y came in at +4.7% vs the estimate of +4.3%. January’s rate M/M was +0.6% vs +0.4% estimated. Price index inflation for the month y/y is at +5.4%. Personal spending was up +1.8% vs +1.3% estimated. January’s personal income up +0.6% vs. +1.0% expected. Inflation is now costing American consumers an extra $395.00 a month.

South Africa is now experiencing an unprecedented level of power blackouts; The Labor Department Thursday said that the number of Americans filing new claims for unemployment benefits unexpectedly fell last week; House Depot misses its revenue expectations for 1st time since Nov 2019.

The post February 26: Cyber Attack At Food Companies, Poland preparing Russia Invasion, Stock Markets Puke (Recap ep216) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we have a lot of “strange world” and “Marcello conspiracy” moments. The WSJ published an article advising to skip meals to save money, perhaps starvation is the solution to inflation. Microsoft’s IA chatbot said manufacturing a deadly virus, making people argue with other people until they kill each other, and stealing nuclear codes. Damage from chemical train derailment in Ohio continues to emerge. A theory is emerging that Nord Stream was blown up by the CIA.

Continue layoffs in US: Docusign – 700 employees = 10% of company, Yahoo – 1,600 = 20%, Twilio – 1,500 = 17%, Wix – 370 = 6%, irobot (roomba maker company) 85 = 7%. Amazon closed its slowest year of growth in the company’s history. Expectations US earnings-worst earnings season outside of a recession in 24 years.

Lawsuits rising against freight rail operator Norfolk Southern facing public backlash train derailments: First one led to a chemical disaster in East Palestine, Ohio;2nd one SE Michigan outside Detroit (same company); 3rd plant nursery fire in Kissimmee – no hazardous materials; 4th Truck Overturns In Arizona, Spills Nitric Acid, Shelter-In-Place Reinstated.

Russian Finance Ministry decides to sell gold to cover January budget deficit; PM Albin Kurti of Kosovo says accept EU proposal, for full normalization of relations between Kosovo & Serbia; International team astronomers confirms existence of K2-415b, an Earth-sized exoplanet circling just 72 light years away from Earth; 10’s of 1000’s of homes North New Zealand now without electricity due to powerful cyclone.

The post February 19: Microsoft AI threatens to kill humanity, Binance leaving USA? Natural Disasters Increase (Recap Ep215) appeared first on Investing & Day Trading Education: Day Trading Academy.

Marcello is bringing us some news about a moment of internet blackout in Italy this week, As well as a new direction from the US’s IRS that might cause heavy consequences on the middle and lower class; We have also reached a new record regarding crypto hacks.

Days after a huge earthquake brought death & destruction across southern Turkey & northwest Syria, the confirmed death toll from the deadliest quake in the region in 2 decades stood at 21K in both countries on Friday. 100’s of 1000’s more people have been left homeless & short of food in very bleak winter conditions, now desperate for a multi-national relief effort to alleviate their suffering.

On Friday, a U.S. F-22 fighter jet shot down an unidentified object flying high over Alaska; The global gas & oil industry had historic gains from the fallout of the war in Ukraine; Credit Suisse is dealing with a disaster. Shares fell -14.73 on Thursday to the bottom of the European STOXX 600 index; The U.K. economy indicated zero growth in Q4 2022 – enough for it to avoid entering a recession for now, but faces tough prospects in 2023.

The post February 12: Internet Blackout Italy, IRS targets waiters, Record Crypto Hacks (Recap ep214) appeared first on Investing & Day Trading Education: Day Trading Academy.

The United States World Order may be coming to an end, according to Marcello’s analysis in today’s Recap. More and more countries are analyzing the idea of trading directly among them, using their own currencies and leaving the dollar out of the negotiation. January’s rapid job creation dents concerns about a coming recession, reducing the likelihood that the Federal Reserve will be forced to cut interest rates soon. U.S. Traesury Department will make more Tesla vehicles elegible for tax credits.

On Friday the U.S. Treasury Department said it will make more Tesla, Ford Motor, General Motors & Volkswagen electric vehicles eligible for up to $7,500 tax credits, after it revised its vehicle classification definitions in a win for automakers which had pressed the Biden administration to change the vehicle definitions. Under the $430B climate bill approved in August, SUVs can be priced at up to $80K to qualify for EV tax credits, while cars, sedans & wagons can only be priced at up to $55K.

U.S. based Ford Motors shares fell -7.61%; Shares of Amazon fell -8.43% on Friday at $103.39; The number of Americans filing new claims for unemployment benefits dropped to a 9-month low last week; U.S. job creation in the private sector plunged in January.

The post February 5: United States World Order Coming To End, Recession Coming in Hot, Tesla Beats! (Recap ep213) appeared first on Investing & Day Trading Education: Day Trading Academy.