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 […]
Day Trading Blog
July 31: Recession! Tesla sells Bitcoin, Germany turns off hot water (Recap ep186)
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 […]
July 24: World Famine start in 2022? Banks collapse China, Record Heatwave Melts cars & airports (Recap Ep185)
In this week’s recap, US markets and mostly all international markets ended the week higher. Value (IPO) in US/EU fell 90% this year due to postponing/canceling plans to go public. Globally, the value IPOs has fallen 71%, from $283B to $81B. The number of listings has fallen from 1,237 to 596. China’s homebuyer mortgage boycott: people stop paying their unfinished construction projects. Chinese property is likely the largest asset class in the world. Things like this, generated chaos in China’s economy, with […]
July 17: New York Prepares Nuclear Bomb New York Rents Explodes, Inflation Erupts 9.1% (Recap ep184)
In today’s recap, Marcello talks about a recent video from NYC Emergency Management that shares important steps for New Yorkers to follow in case a nuclear attack occurs; rent in New York skyrockets; and inflation keeps rising to new levels. Founders of bankrupt crypto hedge fund 3AC have gone missing, as investors try to recoup assets. Lawyers representing 3AC’s creditors say the location of Zhu Su& Kyle Davies are currently unknown. The court filing from Friday also alleges that the founders have […]
July 10: Elon Musk pulls out on Twitter, Internet Blackout Canada, Dollar EXPLODES (Recap Ep183)
In this week’s recap, the most important news was the high US dollar price, Elon Musk walking away from the Twitter deal, and the inflation striking world economies. Us and international markets mainly ended positively for the week. The USD appears to be an ultimate safe haven for investors, with global recession risks incoming. The USD ended the week at a 20-year high. Euro is fast heading towards parity, even if it is holding above 20-year lows in Europe Thursday morning. Japanese […]
July 3: 100 Food Processing Plants Closed, Mark Zuckerberg Recession, “Worst in Recent History” (Recap ep182)
In today’s Recap, Marcello talks about how suspicious it is that hundreds of food processing plants are closed due to unlikely situations, such as plane crashes; Mark Zuckerberg has said in an employee Q&A session that “this might be one of the worst downturns that we’ve seen in recent history.” The Atlanta Federal Reserve Bank’s U.S. GDP measure, which tracks economic data in real time, but adjusts continuously, sees Quarter 2 output contracting by a full -1%. Coupled with Quarter 1’s decline […]
June 26: Digital dolar 2023? Russia World War, Markets Recover (Recap Ep181)
In this week’s recap, the US markets and a big part of the international markets recovered gains, with strong news that will affect the next few weeks, specifically more aggressive Fed interest hikes. Also, the Fed says servers will be online by 2023 for the new “Government Coin,” a digital version of the dollar: “Rapid changes are taking place in the global monetary system that may affect the international role of the dollar.” A US central bank digital currency is being examined […]
June 18: Everything Colapses, Inflation Increases, Recession Starts? (Recap ep180)
In this week’s Recap, Marcello talks about the widespread collapse of the markets around the globe; Inflation is reaching a new high; we might be facing the start of a recession. World stock markets had the biggest weekly decline since a pandemic-induced meltdown in March 2020, hit by growing worries about an economic recession after interest rate increases in the United States & the U.K. which was followed by a surprise move at Switzerland’s central bank, to quell an inflation surge. Euro-zone […]
June 12: Food Rationing Begins, Consumer “Worst In History”, Ethereum Collapse? (Recap ep179)
In this week’s Recap, Marcello talks about how the German supermarket chain Rewe has warned customers can take only 1 “critical” product – such as pasta and flour; Consumer spending in the U.S. is the “worst in history,” which shows a clear sign of how inflation has affected the economy; Ethereum fell and is headed toward its lowest levels since May 12. Inflation in the U.S. surged from a year ago. Groceries up +11.9%, chicken up +17.4%, restaurants up +9%, fuel up […]
June 5: Elon Musk says economic collapse coming, 2/3rds US in blackouts, Solana crashes (Recap Ep178)
In the week’s recap, the US and global markets were mostly lower, except for the Asian markets. It’s increasing the likelihood of stagflation because the latest reports indicate the US labor market added jobs at a slower pace in May, but the inflation stays elevated. Elon Musk To Slash 10% Tesla Jobs, Has “Super Bad Feeling” About Economy. Everyone at Tesla is required to spend a minimum of 40 hours in the office per week: “If you don’t show up, we will […]