😣 Stocks Throw a Stimulus Tantrum

Good morning. Even though interest rates are at zero percent, the stock market still wants to see..

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

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Good morning. Even though interest rates are at zero percent, the stock market still wants to see more stimulus—and soon. After negotiations broke down on Monday for putting more money into the hands of Americans, stocks slid to lows of the day. Add in the upcoming election as well as the ongoing earnings season, and it's easy to see why the market is likely to be in for a volatile few weeks. While many investors may not like volatility, it tends to be where traders get better returns. Now heres the rest of the news: Sponsored Content [Download] Airbnb Private IPO Filing Private sources tell The Wall Street Journal… Airbnb plans a confidential IPO in 2020. And you could secure Pre-IPO shares before the stock even starts trading. These Pre-IPO gains are typically 5-times bigger than IPO profits. Do not wait for the IPO. Morgan Stanley and Goldman Sachs will NOT allow regular investors to get IPO shares. Click HERE to download your FREE report. MARKETS DOW 28,195.42 -1.448% S&P 3,426.92 -1.63% NASDAQ 11,478.88 -1.65% *As of market close • Stocks gave up early morning gains, with all indices closing near lows of the day. • Oil dropped 0.5 percent, closing at $40.68 per barrel. • Gold traded flat, right around $1,906 per ounce. • Cryptocurrencies generally rose, with Bitcoin topping $11,707. Today's TOP TIPS One Contrarian Fund Bets Big on This Bank Banks are an out of favor part of the market right now. With interest rates back at zero, the profits from lending are lower as well. And while some big banks have reported solid earnings thanks to trading and investment banking, that can be an inconsistent source of revenue. Nevertheless, one fund that describes itself as contrarian recently added shares of a big bank to their holdings, after taking profits in gold mining companies. » FULL STORY Insider Trading Report: Citigroup (C) Lew Jacobs, a director at Citigroup (C), recently added 10,000 shares. The buy came to just over $440,000, and increased the director's stake by 77 percent. He now owns over 22,900 shares. The trade marks the first move by insiders since August 2019. Insiders have mostly been sellers in the past two years, but have been inactive for a prolonged time. The last sales were at prices 30-37 percent higher than where shares currently trade. » FULL STORY Unusual Options Activity: Nvidia (NVDA) One of the top performing stocks of the past year, at least one trader sees a drop ahead for Nvidia (NVDA). That's evidenced by the January 2022 $450 puts. Over 1,060 contracts traded hands, a 6-fold rise over the 180 contracts with open interest. Expiring in 458 days, the bet would move in-the-money if shares dropped 18 percent from their current price around $548 per share. The trader paid about $58.50 per contract on average. » FULL STORY IN OTHER NEWS • China reports a 4.9 percent growth in GDP in the third quarter of 2020. • Alibaba invests in Hypermarket Chain, to take on Walmart in China. • Rising lockdowns in Europe suggest more pain ahead for the global economy. • American Airlines expects the 737 Max to start flying again in December. • SpaceX launches 60 more Starlink satellites, bringing its total to over 800. • Battery EV sales are expected to make up 31 percent of the global market by 2030. • Six more EV companies are expected to go public. None have any revenue. • ConocoPhillips will buy shale giant Concho for $9.7 billion. • Blackstone Group may sell or take public BioMed Realty Trust, which the firm acquired in 2016. • AMC offers theater rentals starting at $99. S&P 500 MOVERS TOP WDC 7.855% UAL 3.923% TPR 2.714% UA 2.301% UAA 2% BOTTOM IT 4.405% ROST 4.373% VFC 4.326% FANG 4.268% VNO 4.175% Quote of the Day The many cross-currents we have been fretting over in recent weeks remain omnipresent…The US elections are close at hand, fiscal stimulus remains a key near-term potential catalyst, and developments on the virus front remain critical to the longer-term outlook. A lot is very likely to happen over the next several weeks, and the broader macro picture could thus change pretty massively depending on developments along all of those fronts - Sherif Hamid, a strategist at Jefferies, outlining the challenges the stock market is facing in the next few weeks, and why investors would be wise to be cautious here. Sponsored Content FREE Report: Airbnb Plans Confidential IPO Airbnb will be the biggest IPO of 2020. Yet the company's planning a CONFIDENTIAL IPO. And it's designed to keep important details completely private. Top private equity firms aren't waiting for the IPO. They're scooping up shares right now. And my special report reveals urgent details. Click here to download the FREE report: Inside Airbnb's Confidential IPO. Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: Warren Buffett's Top 5 Stocks | 10 Great Stocks Under $10 | 7 High Yield Dividend Stocks › Step #2 - Join Our Premium Advisories: The Next Superstock | Triple Digit Returns | Options Cash Cow › Step #3 - Connect With The Community: Trading Tips Official Facebook Group Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. 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