Your daily source for trading strategies, tech news, and politically incorrect humor Sep 11, 2019 View in Browser Your daily source for trading strategies, tech news, and politically incorrect humor.
Your daily source for trading strategies, tech news, and politically incorrect humor.
Your Morning Bullets are here. Let’s dig in.
INVESTOR INSIGHTS – Market Update
The S&P 500 dropped to 2,957 yesterday.
However, the selling pressure wasn’t very strong.
If we look at High Yield Bonds (HYG) which is generally a market leading indicator, they made a new all-time high.
And that’s one of the reasons why I believe we won’t see a sharp decline in stocks for now.
Let’s see what the Fed says next week.
YOUR SILICON VALLEY (LIBERAL) OVERLORDS
Biggest IPOs of 2019 (so far):
1: Uber: $8.1 billion
2: Avantor: $2.9 billion
3: Lyft: $2.3 billion
4: Pinterest: $1.4 billion
5: SmileDirectClub: $1.3 billion (est.)
6: Peloton: $1.2 billion (est.)
Note: Estimates for $SDC and $PTON are based on top end of IPO range.
TRUMP DERANGEMENT SYNDROME
AOC is still talking about impeachment despite the fact that the House has yet to hold a full impeachment vote, as Democrats fall over 80 votes shorts of a pro-impeachment majority.
“I want to see every Republican go on the record and knowingly vote against impeachment of this president knowing his corruption, having it on the record … because this is outrageous to protect the amount of lawlessness.” she said.
I have yet to hear of an impeachable offense by President Trump. The best one I heard of what illegal use of a sharpie. I hope they go with that..
The U.S Department of Agriculture release a report showing 6.2 million individuals dropped off food stamps since February 2017.
And that’s a big win for President Trump.
The Trump administration also released a “public charge rule” last month which would deny green cards to immigrants or make it harder for them to obtain them if they have a history of using welfare benefits such as food stamps.
CRAZY-INTERESTING OR RIDICULOUSLY-WEIRD
Billionaire hedge fund manager Kevin Griffin bought a new mansion for $99.13 million.
Take a look…
Crazy or 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.
Have you heard of Teeka Tiwari? He was recently ranked the #1 most trusted person in cryptocurrency.
On September 18 at 8pm ET, he’s doing a LIVE (and free) online cryptocurrency event.
It’s called: 5 Coins to $5 Million.
Teeka will pull back the curtain on five tiny cryptos that trade for as little as $0.01… and could turn $500 into as much as $5 million. To prove it, Teeka’s going to tell you the name of his top pick during the event.
Click here if you want to register for it.
Your biggest fan,
P.S. We’d love your opinion.
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