😐Why We’re Not Done Selling Off Yet😐

Good morning. Markets turned higher Thursday afternoon and soared on Friday, just as the S&P 500...

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. Markets turned higher Thursday afternoon and soared on Friday, just as the S&P 500 index touched on a 20 percent decline from the top. Does that mean we hit a bear market and now we're ready to move higher? After all, that's pretty similar to a drop in late 2018 – with the bottom occurring that year on Christmas Eve. Not so fast. As with late 2018, the Fed is still hiking interest rates. And they're still earlier in the rate hike cycle. What's more, inflation is much higher than the last time we touched on bear market levels. So traders should expect continued volatility, but it would be best to view rallies right now as a bear market rally, not a return to a bull market. Now here's the rest of the news: Sponsored Content Fed Rate Hike Announcement Spells DISASTER… On Tuesday, May 4th the Fed raised interest rates for the second time in a row That means the market crash I've been predicting is right on schedule. In fact, I've pinpointed the exact date and time I see it happening… And I've prepared a simple, straightforward "Crash Rescue Kit" for you to make sure you're 100% ready for the coming crisis. NOTE: This is not some risky strategy or wildly expensive research service. I created this "Crash Rescue Kit" so that anyone who wants one can claim it. Click here NOW to claim it while it's still available. This ad is sent on behalf of Paradigm Press, LLC, at 1117 St. Paul Street, Baltimore MD 21202. If you're not interested in this opportunity from Paradigm Press, LLC, please click here to remove your email from these offers. MARKETS DOW 32,196.66 +1.47% S&P 4,023.89 +2.39% NASDAQ 11,805.00 +3.82% *As of market close • Stocks closed higher on Friday, significantly reducing last week's losses. • Oil rose 4 percent, closing at $110.34 per barrel. • Gold slid 0.9 percent, ending at $1,808 per ounce. • Cryptocurrencies rallied, with Bitcoin at $30,004 at the stock market close Today's TOP TIPS Long-Term Trends Bode Well for Tech Infrastructure Plays Now Even with a modest slowdown in the overall economy in the first quarter of the year, and even with a potential recession if the second quarter also shows a slowdown, the world continues to improve. New technologies and networks are rolled out. New ideas hit the drawing board. And there's still ample demand for those products to make an investment in the right tech stocks now a worthwhile one. » FULL STORY Insider Trading Report: Fastenal (FAST) Michael Ancius, a director at Fastenal (FAST), recently added 1,000 shares. The buy increased his stake by 3 percent, and came to a total purchase price of $51,000. This is the fourth buy from the director this year, who in total has now acquired over 2,100 shares. Going back further, sellers at the company have exceeded buyers over the past three years. » FULL STORY Unusual Options Activity: Nu Holdings (NU) Shares of Brazilian bank Nu Holdings (NU) have been in a steep downtrend since the company went public late last year. One trader is betting on a further decline in shares. That's based on the June 17th $2 puts. With 32 days until expiration, 3,758 contracts traded compared to a prior interest of 112, for a 34-fold increase in volume on the trade. The buyer of the puts paid $0.18 to get into the trade. » FULL STORY IN OTHER NEWS • Consumers Sour on the Economy Consumer sentiment has dropped 9.4 percent between April and May, according to the latest data from the University of Michigan. That's reversed a small gain seen in April as gas prices moderated. Continued high inflation and bare shelves in stores are keeping consumers from having an optimistic outlook on the economy going forward. • Soybean Prices Set to Drop Amid high food inflation, a bumper crop of soybeans, met with declining demand for the commodity, are likely to lead to a drop of as much as 27 percent this year. The grain is the key ingredient for tofu, and can be used for other food products and feedstock for livestock as well. • Diesel Prices Hit Record High Diesel fuel has hit a record high. That's a big problem in Europe, where diesel fuel is used more often, and as Russian sanctions kick in. It's also a problem in the US, as diesel fuel is used primarily for transportation of goods via trucks. The trend is likely to continue given a shortfall of fuel. • Inflation Costing Households $341 Per Month With consumer prices up 8.5 percent in the past year per official government sources, households are now spending an extra $341 per month on the same goods and services compared to a year ago. That price rise may moderate in the coming months, but the total nominal price is unlikely to increase. • Musk Says Twitter Deal on Hold Elon Musk has put his deal to buy Twitter (TWTR) on hold, citing the company's potential valuation in light of how many users may be spam bots. On Twitter, Musk noted that he still wants the deal to go through. If the deal doesn't go through, Musk faces a $1 billion kill fee for not going through with the acquisition of the social media company. S&P 500 MOVERS TOP LVS 15.063% WYNN 13.166% ENPH 11.955% MPWR 11.135% CZR 10.355% BOTTOM TWTR 9.672% DVA 2.911% WRK 2.634% NLSN 1.988% CHRW 1.783% Quote of the Day You're getting this market that really is begging for a bottom, for a relief rally. But, at the end of the day, there really hasn't been a capitulation day. - Andrew Smith, chief investment strategist at Delos Capital Advisors, on why the stock market may not have finished holding off yet, and why bullish investors should wait for a severe selloff with all the signs of capitulation. Sponsored Content Fed Rate Hike Announcement Spells DISASTER… On Tuesday, May 4th the Fed raised interest rates for the second time in a row That means the market crash I've been predicting is right on schedule. In fact, I've pinpointed the exact date and time I see it happening… And I've prepared a simple, straightforward "Crash Rescue Kit" for you to make sure you're 100% ready for the coming crisis. NOTE: This is not some risky strategy or wildly expensive research service. I created this "Crash Rescue Kit" so that anyone who wants one can claim it. Click here NOW to claim it while it's still available. This ad is sent on behalf of Paradigm Press, LLC, at 1117 St. Paul Street, Baltimore MD 21202. If you're not interested in this opportunity from Paradigm Press, LLC, please click here to remove your email from these offers. 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 We just wanted to take a moment and say thank you so much for being part of our family! 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