⬆️ Market’s All-Time Highs Mask a Struggling Economy

Good morning. Besides taking a loss on your portfolio to reduce your total taxes, there are a few..

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. Besides taking a loss on your portfolio to reduce your total taxes, there are a few more things to do before the end of 2020 that can help lower your tax burden. For example, the IRS is allowing a cash donation of $300 that can be deducted for those who use standard deductions this year. This is an "above the line" deduction that lowers your gross and taxable income. With many Americans unable to make ends meet, much less profitably play the stock market during this pandemic, now's the time to make the season bright for a charity in need— while lowering your total tax burden at the same time. That's a win-win this holiday season, and a way to take a little bit of capital off the table with stocks at all-time highs. Now here's the rest of the news: Sponsored Content The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options. Watch his 32-second options trading "training video" here. MARKETS DOW 30,403.97 +0.68% S&P 3,735.36 +0.87% NASDAQ 12,899.42 +0.74% *As of market close • The stock market roared higher on Monday, , with the Dow hitting a fresh all-time intraday high. • Oil dropped 1.1 percent, closing at $47.68 per barrel. • Gold declined 0.3 percent, ending at $1,878 per ounce. • Cryptocurrencies generally rose over the holiday weekend, y, with Bitcoin last trading at $26,891. Today's TOP TIPS This Underperforming Giant May be a Top Performer of 2021 Many investment ideas run on the idea of a reversion to the mean. That's just a fancy way of saying that stocks that have performed well will eventually underperform the overall market. And companies that have performed poorly will start to fare better. With the turning of the calendar year, a strategy of buying underperformers is appealing, depending on the name. One such name? Berkshire Hathaway (BRK-B), which has lagged the market by 44 points since early 2019. » FULL STORY Insider Trading Report: United Insurance Holdings Corp (UIHC) Michael Hogan, a director at United Insurance Holdings Corp (UIHC), recently picked up 24,009 shares, which increased his stake by nearly 20 percent. The trade cost just over $123,000. That's the second buy from that director in the past month, following a buy at the end of November. He's also been joined by three other directors and the company's Chief Claims officer in that timeframe. Overall, insiders own just over 53 percent of the company. » FULL STORY Unusual Options Activity: GameStop (GME) After a massive move higher, at least one trader is betting that video game retailer GameStop (GME) is likely to drop. That's based on the February 2021 $21 puts. Over 8,000 contracts traded against a prior open interest of 337, making for a 23-fold rise in volume. The option expires in 52 days. The buyer paid about $4.60 for the contracts. Shares of the stock last traded at $21, making this an at-the-money trade. » FULL STORY IN OTHER NEWS • China lays out a "rectification" plan for Jack Ma's Ant Group. • Following a free trade agreement with the EU, the UK's future remains ambiguous. • Holiday sales rise 3 percent, led by home décor and furniture spending. • Novavax starts a trial of its Covid vaccine in the United States. • The House of Representatives is set to vote on President Trump's call for a $2,000 stimulus check. • Over 616,000 Americans flew on Christmas Day, only 23 percent of Christmas 2019's numbers. • Apple's self-driving car announcement is unlikely to deliver a product until 2028, predicts one analyst. • SpaceX is looking to double its launch pad usage for Starship tests and Super Heavy flights. • Grocery stores have rising concerns over Instacart due to its high fees. • In earnings, Weibo beat analyst expectations despite higher spending lowering earnings. S&P 500 MOVERS TOP M 8.465% ULTA 5.113% DXC 5.066% CTAS 4.666% TRIP 4.654% BOTTOM ETSY 6.405% ZM 6.339% WHR 4.146% JD 3.409% ROL 3.096% Quote of the Day American consumers turned the holiday season on its head, redefining 'home for the holidays' in a uniquely 2020 way. They shopped from home for the home, leading to record e-commerce growth - Steve Sadove, senior advisor for Mastercard, on the initial retail sales trends showing a rise over last year, led by growth in home furnishings and décor. Sponsored Content The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options. Watch his 32-second options trading "training video" here. 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 Advisory: The Next Superstock › Step #3 - Claim Your Free Copy Of: Big Book Of Chart Patterns | How to Trade Weekly Options For Weekly Income 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. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. 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