[Charts] The Great Economic and Crypto Awakening - This week, the Old School (Wall Street) collided with the New School (Bitcoin), as the largest cryptocurrency exchange, Coinbase Global, Inc. (COIN), officially debuted as a public company.
- Trend Trader Daily editor, Lou Basenese shares, “A true investor class is rapidly emerging from the speculator masses.”
- And, our business partners share - HUGE profit potential for investors who get in on Elon’s next big bet…
Recommended Link "Warning! The Fed is rigging markets" You need to see this urgent warning about the Fed. This warning is NOT a best guess about things to come… It’s not a prediction about what the Fed may or may not do in the near future. It’s a warning about what the Fed is doing… right now! You only have a few hours left to see what’s going on. | | Lou Basenese Editor and Founder, Trend Trader Daily
Dear Wall Street Daily Reader, Today we have this past Friday’s issue for the Trend Trader Daily Nation! That means the longwinded analysis is out. And some carefully selected charts are in. I’ll shut up now and get to the pretty (and telling) pictures. Bitcoin Behavior This week, the Old School (Wall Street) collided with the New School (Bitcoin), as the largest cryptocurrency exchange, Coinbase Global, Inc. (COIN), officially debuted as a public company. Rather than opine on the merits of the expensive exchange operator, here’s a crypto observation I find most telling… A true investor class is rapidly emerging from the speculator masses. As you can see below, at the start of the last decade, virtually no one held bitcoin for more than six months, let alone five years. Now? Over 20% of investors have held onto the digital currency for five years or more, and almost 60% have held it for over a year. While I remain convinced that the market for Bitcoin is frothy (this is an “asset” that represents a limited supply of nothing, yet has some value — head scratcher, I know), one thing’s for sure: bitcoin’s not going away any time soon. Recommended Link Start Your (Economic) Engines And here are two more things to keep in mind this week: stocks love jobs, and consumers love stimulus checks. On the heels of a dramatic drop in initial jobless claims, U.S. stocks jumped to record highs. More specifically, initial claims decreased a staggering 193,000 to 576,000. Economists expected claims to come in at 700,000. (Swing and a miss!) More people back to work means more wages being earned (and spent). And make no mistake, Americans love to spend. Their own money, and other peoples’ money. Look no further than retail sales. Recommended Link Strange 2021 Prophecy Rapidly Coming True America’s #1 Futurist George Gilder is telling American’s to “brace yourself” for the coming $16.8 trillion revolution. This same revolution could redefine millions of jobs and radically transform the way just about every major corporation does business. It could even change the way you get paid, save and invest for retirement. | | Believe it or not, total retail sales are now above their pre-Covid peak. Thanks to record stimulus, the rate of return has never been faster, either. It only took five months to hit new highs versus 40 months during the last major economic slowdown. Giddy up! The investment takeaway: Forget about any Johnson & Johnson (JNJ) vaccination slowdown fears getting in the way of the global economic opening. It’s happening! And it’s time to start positioning our portfolios accordingly. I’m wrapping up research on my top reopening trade for 2021. So stay tuned! Ahead of the tape, Lou Basenese Editor and Founder, Trend Trader Daily P.S. Before I go one last question… if you could go back in time… And put $15,000 in TSLA when Elon Musk first took it public back in 2010… You’d be a millionaire today. Would you do it? Today I’m here to tell you about Elon Musk’s next BIG BET… And how, if you get in BEFORE July 1, you could see the next set of huge gains! Elon is betting it ALL on this radical new tech. Click here to find out about the HUGE profit potential for investors who get in early on Elon’s next big move Please note, Trend Trader Daily is not affiliated with Paradigm Press. Louis Basenese is a professional investor, and one of the country’s leading technology analysts. He’s spent the past 20 years analyzing emerging technologies, and developing a proven methodology to consistently profit from them. Lou began his investment career at Morgan Stanley, where he was eventually tasked with directing over $1.5 billion in capital. Based on his proven track record as a financial analyst and investor, Lou became a television commentator on Fox Business and CNBC, and a market expert in the pages of The Wall Street Journal and Business Insider. But ultimately, Lou found he preferred helping Main Street investors like you. By providing ordinary investors with extraordinary research, he discovered that he can help his readers change their financial futures, and change their lives for the better. And that explains why he recently launched Trend Trader Daily. With this new service, Lou can share his research with you on groundbreaking new technologies and emerging sectors — well before he shares this information with the general public on TV, the internet, or anywhere else. So what's one of Lou's top recommendations for right now? Click here to see what he's recommending you do to profit in 2021 and beyond... |
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