Here at Day Trading Academy (DTA), we provide a weekly review of markets and geopolitical events. Below you will find our most recent updates.
Feel free to peruse the most recent Day Trading Academy Blog articles by scrolling down, or choose your topic of interest below:
In this week’s recap, Marcello tells us about how the IMF has some ideas about also pursuing a digital SDR mechanism; Forbes reports that Zuckerberg lost more than half his fortune and dropped from #3 on The Forbes 400 list of the U.S.’ wealthiest people to No. 11; and Hurricane Ian has caused significant damage to Florida, North and South Carolina’s infrastructure. Florida, North & South Carolina faced a massive clean-up on Saturday, from the destruction wrought by Cat 4 Hurricane Ian, […]
In today’s Recap, Marcello talks about the negative results of the markets overall; Tesla is “recalling” some vehicles to fix a bug on them; and Russia is said to be ready to use nuclear weapons if necessary. Electric vehicle manufacturer Tesla is recalling nearly 1.1M U.S. vehicles because the window automatic reversal system may not react correctly, after detecting an obstruction, thus increasing the risk of injury. The National Highway Traffic Safety Administration was told that Tesla will perform an over-the-air software […]
In this week’s recap, US & international stock markets remained negative, as investors brace for interest rates to keep rising rapidly. FedEx warns about the overall health of the U.S. economy with its dropped guidance. FedEx shares were down -21.65% at $160.52. Goldman Sachs warning further -27% drop S&P could be coming if inflation hawks are right. Inflation continues damaging US economy: Total US debt reaches 31 trillion; US inflation rose more exp in August +8.3% over the past year; US Grocery […]
In this week’s recap, US markets ended higher, as US household net worth fell over $6 trillion in Q2. 69 million households are canceling vacations, driving less & cutting grocery bills, with inflation hitting homes. Internationally markets mixed this week. Europe and Latin America mostly higher. Bitcoin higher this week: Up +7.40% from $19,850.90. Energy crisis continues around the world: European gas prices up by +35% on Monday; Japan currently imports about 94% of its energy supply; gas futures surging over +280% […]
In this week’s recap, the global markets continued mostly lower, but Russia went up +8.92%. Russia also cut off the gas to Germany. 40% of the Chinese economy (real estate) started to collapse, as China’s housing volume sales went down 30%. Inflation continues to rise. Not a great week for the economic world. Europe is having an exorbitant rise in energy prices, forcing Europe’s steelmakers to close plants. A cafe was charged nearly USD 10k for two months of usage. The UK […]
In this week’s recap, US stocks plunged after comments from Fed Chairman Powell, who warned of rising interest rates as long as inflation remains elevated. International markets ended mostly lower this week, as the world’s economic powers struggle with various social, natural, and inflationary problems. According to National Energy Assistance Directors Association (NEADA) over 20M US households, about 1 in 6 American homes are currently behind on utility bills. NEADA said households owe a combined $16B in unpaid utility bills. Surging electricity […]
In today’s recap, Marcello reminds us of the quote he usually uses: “Look at what they do, not what they say” when he talks about investing guru Michael Burry, who has liquidated almost all his entire portfolio; another food processing plant has “mysteriously” burned; and a trader just made USD 100 million USD trading Bed Bath and Beyond shares before its collapse. Shares of Bed Bath and Beyond fell. Activist investor Ryan Cohen who co-founded Chewy & is chairman of GameStop, has […]
In today’s Recap, Marcello talks about how some stock markets are climbing; the UK is preparing to do planned blackouts to deal with the energy crisis that might come; New IRS special agents are being hired, and part of their job duties include “carry a firearm and use deadly force, if necessary”. A power outage in Toronto’s downtown core on Thursday, left the offices of Canada’s top businesses dark & forced the evacuation of 1 of the city’s biggest shopping malls & […]
In this week’s recap, all the US Major indexes finished the best month since 2020. International markets ended mostly higher. On Monday, the SEC said charged 11 people for their roles in creating & promoting fraudulent crypto pyramid/Ponzi scheme, that raised over +$300M from millions of retail investors globally, including the U.S. The crypto scheme was called Forsage and claimed to be a decentralized smart contract platform. Coinbase said on Thursday it’s partnering with BlackRock, the world’s largest financial asset manager, providing […]
In today’s recap, Marcello talk to us about how the recession is “official” since Q1 and Q2 of 2022 were negative; Tesla said they have sold 75% of all their crypto assets; Hanover, a city in Germany, is shutting off hot water to save energy. They are also shutting off lighting in spotlights on public monuments and turning off fountains. The U.S. is officially in a recession since GDP fell at a yearly pace of -0.9% in Q2, according to the Commerce […]