Your daily source for trading strategies, tech news, and politically incorrect humor.
Dear eMBers,
Thank you for voting the tag line for President Trump’s 2020 campaign.
I will reveal the results on Saturday.
And next week I will send the results to the White House.
Let’s dive in…
INVESTOR INSIGHTS – Fed stands pat on rates (for now)
The Fed wrapped up its policy meeting yesterday.
As expected, they didn’t change the interest rates.
However, the Fed said they are ready to cut the rates if the trade war intensifies.
The market was happy with the news. And continued its rally.
The volatility (VIX) declined and we are right back on track.
I’m not chasing stocks higher here but I’m also not going short.
It’s very likely that the market will make a run at its all-time high.
Now, let’s talk about gold.
Gold is soaring. It broke through its resistance (1,360).
It was an impressive move… almost 30 points.
I’m on the sidelines. Watching. And waiting for the right opportunity.
Stay tuned… a big trade is coming (very soon).
YOUR SILICON VALLEY (LIBERAL) OVERLORDS
Slack is a team collaboration software tool.
It’s handy. And many companies use it as their internal messenger.
Slack will start trading on the New York Stock Exchange today.
And the reference price is set at $26.
But that doesn’t mean that’s where it’ll start trading.
Slack is not going IPO. It’s a direct listing.
A direct listing will allow existing shareholders to sell shares. But they are not selling new shares or raising funds.
TRUMP DERANGEMENT SYNDROME
Alexandria Ocasio-Cortez (AOC) is a frequent contributor to this section.
On Tuesday, she compared detention facilities at the U.S. boarder to Nazi “concentration camps.”
And she drew a lot of criticism.
Even CNN stepped in and said AOC has gone “across the line.”
CNN’s John Avalon added:
“It’s not that hard to apologize. She should do it. It’s unacceptable.”
Kevin McCarthy (House Minority Leader) also said she should apologize.
Her response?
She said she would never apologize.
But guess who has her back (again)?
Nancy Pelosi.
Pelosi refused to condemn those statements.
The conclusion?
AOC = All Out Crazy
TRUMP IS WINNING
President Trump’s Orlando reelection rally was a huge success.
He raised $24.8 million in less than 24 hours…
And the total was more than $30 million in two days.
The Republican National Committee reported he’s on track to his best fundraising quarter since he became president.
To put things in perspective. In 2016, Sen. Bernie Sanders brought in $6.5 million in the 24 hours after the New Hampshire polls. At the time, it was a single-day record for his bid.
President Trump is off to a great start. And his reelection operation is financially dominating the Democratic primary candidates.
CRAZY-INTERESTING OR RIDICULOUSLY-WEIRD
ADDITIONAL READING AND RESOURCES (ARR)
I can’t get into all the news and interesting information out there in this one email, so what you’ll find here are articles, presentations, and resources I’m digging into and believe you should as well.
Your biggest fan,
P.S. We’d love your opinion.
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