Choppy Market, Facebook Fiasco and More Jun 13, 2019 View in Browser Your daily source for trading strategies, tech news, and politically incorrect humor. Dear eMBers, Your Morning Bullets are here.
Your daily source for trading strategies, tech news, and politically incorrect humor.
Your Morning Bullets are here. Let’s dig in.
INVESTOR INSIGHTS – Market Chops Around
S&P chopped back and forth all day yesterday.
I didn’t see increased selling pressure.
But if selling pressure kicks in, it’s possible the market can test 2,850.
Traders seem to be looking for spots at which to put fresh money to work.
I expect more choppiness ahead.
Oil is up 3% overnight on news. Take a look…
2 oil tankers damaged in suspected attack in the Gulf of Oman
Oil prices also typically rise as we head into Independence Day holiday.
I’m still long the VIX (VXX calls) and I picked up some Facebook puts.
I expect Facebook will be hit with negative headlines over the next few days.
How do I know?
Find out in the next section…
YOUR SILICON VALLEY (LIBERAL) OVERLORDS
Yesterday, Facebook shares tumbled.
According to WSJ, CEO Mark Zuckerberg knew about the questionable privacy practices.
In April, Facebook said it anticipates paying up to $5 billion to settle the case.
Read more here
TRUMP DERANGEMENT SYNDROME
Sleepy Joe called President Trump an “existential threat to America.”
He also said President Trump will do anything to frighten people…
President Trump is thrilled.
Because Sleepy Joe isn’t competition.
He only talks about President Trump.
In fact, he said his name 76 times in his latest speech.
Because he has nothing else to hang on to.
Watch President Trump’s response
The data shows that the current US economic expansion is the longest on record.
It began in mid-2009.
And it was powered by monetary policies coupled with accelerating advances in new technologies.
And it was given another boost with deregulation and tax cuts.
U.S. unemployment rate is at 3.6%. And GDP growth rate is above 3%.
President Trump’s economy continues to soar to a new high.
And everybody agrees:
CNBC: Jobs Surge in April, Unemployment Rate Falls to the Lowest Since 1969 (read more)
CNN: Trump’s Approval Rating on the Economy Hits a New High
MARKETWATCH: Productivity Soars 3.6% in First Quarter, Drives Fastest Yearly Gain Since 2010
THE WALL STREET JOURNAL: Workers, Retirees Are Feeling Better About Retirement Finances
THE WALL STREET JOURNAL: U.S. Steel to Invest $1.2 Billion at Pennsylvania Mills
CRAZY-INTERESTING OR RIDICULOUSLY-WEIRD
Central Park Tower will be the tallest residential building in New York (1,550 feet)
And they listed their first condos for sale…
From $6.9 million (2 bedroom) to $63 million (5 bedroom).
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.
If you’re interested in learning more about a conservative options trading strategy…
Check out Jeff Clark Trader. It’s only $19.
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Your biggest fan,
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