Monday, May 10, 2021

How to Play the Gasoline Pipeline Hack

The stock market rally finally suffered substantial losses Thursday as the 10-year Treasury yields continue to rise. So, do we find ourselves staring down the barrel of a broad stock market retreat or a sector rotation?

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May 10, 2021

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James West, CEO Midas Letter.
James West is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets.

Here's How We're Playing the Gasoline Pipeline Hack

If you're watching the news, you've likely heard of the pipeline hack Friday afternoon.

For those who somehow missed it, the largest refined fuel pipeline in the country — the Colonial Pipeline — was the victim of a ransomware cyber attack and remains largely shut down.

Well, our good friends over at Venture Society had quite a bit to say on the subject, and frankly, we agree.

The pipeline, which consists of more than 5,500 miles of pipe and can deliver a top capacity of three million barrels per day of refined oil products, stretches from the Texas Gulf Coast all the way up to its termination in Linden, NJ.

And yet again, the media is trying to whip you into a panic.

But Here's the Honest Truth

Why the April Jobs Report Was Better Than Mainstream Media Thinks

May 07, 2021

The media would have you freaking out about the "disappointing" jobs number that came out early Friday morning… But what they aren't recognizing is that details do, in fact, matter.

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