😩 The Biggest Danger in Today’s Market Isn’t What You Think… 😩

Good morning. The Nasdaq and S&P 500 have hit new record highs this week. But it doesn't feel..

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. The Nasdaq and S&P 500 have hit new record highs this week. But it doesn't feel like a bull market. Why? That's because the market is undergoing a rotation. Tech stocks started underperforming at the start of the year, as other sectors took the lead. Some tech names are heading higher now, but there's no clear sign that tech is taking the lead. This rotation is a healthy sign that when the feeling of a sideways market is over, the market will trend higher. That's the good news. The bad news? Periodic selloffs might be just enough to scare out investors of stocks that have the potential to move a lot higher. Traders may not want to get overly leveraged here, if stocks are only going to move gradually higher, and some trades on the short side can do well here. But when markets are in a sideways pattern, the key trap to avoid is boredom. Now here's the rest of the news: Sponsored Content Read This Before You Invest In Lithium! The old way of lithium mining won't meet booming demand... and this one company has the solution: Read THIS Now! MARKETS DOW 34,196.89 +0.95% S&P 4,266.47 +0.58% NASDAQ 14,369.71 +0.69% *As of market close • Stocks traded higher on Thursday, with investors shrugging off inflation fears. • Oil rose 0.2 percent, closing at $73.25 per barrel. • Gold declined 0.5 percent, hitting $1,774 per ounce. • Cryptocurrencies traded slightly higher, with Bitcoin last at $34,944. Today's TOP TIPS The World's Most Successful Conglomerate Buys… Itself The pandemic saw a rapid drop in companies paying out dividends or buying back shares. That trend has now reversed. Even though most stocks are above pre-pandemic levels and have been for some time, buybacks are still moving higher. One such company that's gotten into the buyback game in recent quarters is Berkshire Hathaway (BRK-B). The conglomerate operated by Warren Buffett has been making small purchases of its shares, with an estimated $6.4 billion buyback in the current quarter. » FULL STORY Insider Trading Report: FutureFuel Corp (FF) Donald Bedell, a director at FutureFuel Corp (FF), recently picked up 10,000 shares. The buy increased his stake by 17 percent, and came to a total purchase price of $9,660. This marks the first insider buy since a director picked up shares in March of 2020. Two insiders sold in 2020, otherwise, company insiders haven't been particularly active. Overall, company insiders own over 41 percent of shares. » FULL STORY Unusual Options Activity: SoFi Technologies (SOFI) Shares of fintech firm SoFi Technologies (SOFI) have been trading in a narrow range since the company's IPO via a special purpose acquisition company, or SPAC. One trader sees the potential for a move higher in the coming weeks and months. That's based on a number of unusual options in the stock. The most interesting is the January $7.50 calls. With 210 days until expiration, over 8,300 contracts traded against an open interest of 228, for a 36-fold jump in volume. » FULL STORY IN OTHER NEWS • Jobless Claims Still Over 400,000 Per Week For the second week in a row, jobless claims have held over 400,000, coming in at 411,000. That's a decline from last week's 418,000, but still higher than the estimated 380,000. In the meantime, in a sign of a slowly-recovering labor market, continuing claims dropped to 3.39 million. • Big Tech Antitrust Legislation Moves Forward in House A number of potential laws aimed at breaking up big tech companies advanced in the House of Representatives this week. One committee approved far-reaching legislation across six bill that will now potentially move to a floor vote. Big tech companies are lobbying against substantial changes in regulation, so the potential for the bills to be passed as-is remains uncertain. • Biden to Meet with Senators on Compromise Infrastructure Deal President Biden expects to meet with a group of 20 senators this week who have come up with a framework for a bipartisan infrastructure bill. The overall bill will create just $600 billion in new spending over the next 5 years, with other funds from existing spending also supporting an upgrade to the nation's infrastructure. • Andreessen Horowitz Bets Big on Blockchain Andreessen Horowitz is starting a third crypto fund, looking to raise $2.2 billion. The fund will look specifically at blockchain technologies, and represents the fund's largest specific asset class holding. The company's first fund in 2018 raised $300 million, and a second fund for blockchain last year raised $515 million, making this third fund a triple-down as the crypto sector endures a bear market. • John McAfee Dies at 75 Tech software pioneer John McAfee has died at 75. The creator of antivirus software that still bears his name, McAfee spent the past year of his life in a Spanish prison, awaiting extradition to the United States over accusations of tax evasion. S&P 500 MOVERS TOP LLY 7.31% M 3.568% TSLA 3.541% VMC 3.27% DR 3.248% BOTTOM BIIB 6.115% GNRC 3.324% AMBD 3.017% LVS 2.717% APD 2.409% Quote of the Day Beneath the optimism, markets are at risk of becoming complacent – and vulnerable to shocks. Any signal that interest rates and bond yields could rise, even in the absence of pronounced inflationary pressure, could shatter market exuberance. - Gaurav Mallik, chief portfolio strategist at State Street Global Advisors, on why the stock market bounce this week isn't a sign of a return to a bull market, but why there could be some further drops ahead. Sponsored Content Joe Biden's War On Oil Fuels Lithium Explosion World powers are fighting over valuable lithium resources. Here's how one European company may win. Get Your FREE Report 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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