👻 The Market Needs a New Boogeyman

Good morning. Whatever is bothering the market now will probably not be bothering it six months..

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.

Good morning. Whatever is bothering the market now will probably not be bothering it six months down the line. That's the case with 10-year Treasury yields. After starting the year around 1 percent, they rose to 1.75, causing a few mild selloffs in big tech companies along the way. However, the 10-year has now dropped to 1.58 percent, and the big-cap names in the market are back to all-time highs. This isn't the first time the market has been scared over some slight fluctuations. But even bigger events, like the pandemic selloff last year, have waned in time as a fundamentally strong economy (especially once fully reopen) is likely to be solid for the stock market for years to come. The market will find something else to worry about in time, but for now, rising bond yields isn't one of them. Now here's the rest of the news: Sponsored Content The Name of the #1 Stock to Trade in 2021 Expert Jeff Clark is releasing his #1 stock to trade in 2021. Since he started recommending this stock, you could have used it for gains as high as 269% and even 273%... in as little as 8 days. Click HERE now and get its name. MARKETS DOW 34,202.58 +0.49% S&P 4,185.66 +0.37% NASDAQ 14,052.34 +0.10% *As of market close • Stocks moved higher on Friday, with the Dow and S&P 500 setting record highs. • Oil dipped 0.5 percent, to $63.14 per barrel. • Gold rallied 0.5 percent, at $1,775 per ounce. • Cryptocurrencies traded down, with Bitcoin last at $61,880. Today's TOP TIPS The Best Defense is a Solid Offense, Like a Dividend Growth Play Earnings season is coming in strong so far, as companies are comparing to the start of the pandemic last year. A reopening economy is also helping. But with stocks already back to all-time highs, investors are starting to worry about possible inflation. That suggests a need to focus on companies that can pass on higher costs to consumers. One such play just reported better-than-expected results. » FULL STORY Insider Trading Report: Evergy (EVRG) John Wilder, a director at Evergy (EVRG), recently bought 2.27 million shares. The buy is an initial stake, and comes to a total cost of just over $113 million. Insiders have overwhelmingly been sellers at the utility company over the past few years, although a few company insiders have made small buys in March ahead of this sizeable director buy. Before this latest buy, company insiders owned less than 0.3 percent of shares. » FULL STORY Unusual Options Activity: Altice USA (ATUS) Telecom company Altice USA (ATUS) has been trending up in the past year, and performing well for a telecom. However, at least one trader sees the potential for a big drop. That's based on the January 2022 $20 puts. With 277 days until expiration, over 10,900 contracts traded from a 115 open interest, for a 95-fold rise in volume. The put buyer paid about $0.50 for each contract. » FULL STORY IN OTHER NEWS • 17 Triple Digit Wins – And Climbing Dr. Kent Moors would like to give you immediate access to perhaps the single greatest discovery of his career… A career that has seen him consult 29 world governments… perform covert operations for the CIA for 40 years… even advise royal families and one of the 10 most powerful corporations on the planet. But all of it has been distilled into a single achievement… The development of a powerful algorithmic trading system he calls SIGMA. You need to see this ASAP. (By clicking the link above you will automatically opt-in to receive emails from Rogue Investing.) • Corn Hits 8 Year High Since its bull run started last August, corn prices have been trending towards an 8-year high, and may possible move to an all-time high as well. The move isn't just a concern over inflation, however. Corn production figures have come in 10 percent lower than projections from March, and weather issues can always impact the supply of corn on the market, even as demand remains robust. • GM Expects Second Batter Plant Open in Late 2023 General Motors (GM) is looking to open its second battery plant with LG Chem in late 2023. The $2.3 billion facility will allow the company to scale up its production of electric vehicles. GM plans to have 30 models that are EV by mid-decade. The new factory will open next to the company's first battery, and create an estimated 1,300 jobs. • Dogecoin Prices Soar Cryptocurrency prices remain strong, with Dogecoin being a top performer in the past week. Originally started as a joke based on a meme, the crypto hit an all-time high of nearly $0.30, up over 100 percent. The move was partially fueled by Dogecoin fan Elon Musk, who has repeatedly tweeted about the cryptocurrency over the years (although Tesla Motors (TSLA) only accepts Bitcoin for cryptocurrency payments). • Morgan Stanley Reports $911 Million Loss from Archegos Banking giant Morgan Stanley (MS) reported reasonable earnings, but cited a $644 million hit from a "credit event" and $267 million in trading losses. Someone with knowledge of the matter states the total $911 million loss is from the company's client relationship with fund Archegos, which saw a liquditiy event last month and the forced liquidation of a number of media stocks. • SEC Warns on SPACS SPACs were a hot trade at the start of the year, although they've started to cool. The SEC has warned that these companies may face more scrutiny, particularly with how they issue warrants. Much like an option, the price of a warrant can soar with higher stock prices, but they can also dilute shareholders. Some SPACs may not have properly accounted for the impact of warrants. S&P 500 MOVERS TOP PPG 8.729% ALXN 3.897% SHW 3.803% WFC 3.788% DHI 3.568% BOTTOM STT 7.028% BK 4.041% EOG 3.186% MRO 3.186% MS 2.759% Quote of the Day We all know that distinctiveness – originality – is valuable. We are all taught to 'be yourself.' What I'm really asking you to do is to embrace and be realistic about how much energy it takes to maintain that distinctiveness. The world wants you to be typical – in a thousand ways, it pulls at you. Don't let it happen. - Amazon founder and CEO Jeff Bezos, in his final letter to shareholders before stepping down, and also reasonable advice for finding outperforming investment opportunities in the stock market and elsewhere. Sponsored Content The Name of the #1 Stock to Trade in 2021 Expert Jeff Clark is releasing his #1 stock to trade in 2021. Since he started recommending this stock, you could have used it for gains as high as 269% and even 273%... in as little as 8 days. Click HERE now and get its name. 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. 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