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 […]
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September 11: US networth Craters $6 trillion, Housing Markets Collapses, Banned ads for meat products (Recap Ep192)
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% […]
September 4: Another Food Processing Plant mysteriously burn down, Cost of Energy explodes, No gas for Germany (Recap Ep191)
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 […]
August 28: Everything Collapses, Fed says “pain is coming”, Tesla stock split (Recap Ep190)
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 […]
August 21: URGENT: Michael Burry LIQUIDATES Portfolio, Another Food Processing Plant Burns, Trader $110 million Bed Bath & Beyond (Recap ep189)
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 […]
August 14: Stocks Rise, Planned Blackouts in UK, IRS to Use Deadly Force? (Recap ep188)
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 & […]
August 7: Rivers run dry in Europe, Solana Hacked $200 million, Tesla Stock Split (Recap Ep187)
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 […]
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 […]