✌️Two Crises Are Hitting Middle America: Which One Will Hit You First?

Good morning. Data acquired by Bloomberg indicates that the steep rise in energy prices in the...

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. Data acquired by Bloomberg indicates that the steep rise in energy prices in the past year has caused a surge in unpaid power bills in the US. With billions of dollars now overdue, potentially 20 million homes could face a shutoff in the months ahead. Add to that the higher costs for energy and fertilizer costs, and several warnings about a coming crisis with food costs, it seems more like a matter of time when a crisis will hit home. Investors may want to avoid utility companies given rising overdue balances. Such companies tend to be defensive and pay generous dividends, but that could easily change if 1 in 6 American homes remain behind on their bills. And it may be prudent to stay invested in commodities like energy and agricultural foodstuffs, given the likelihood that prices there will continue to trend higher than in other parts of the market. Now here's the rest of the news: Sponsored Content Just ONE Pattern… This one pattern is quite honestly one of the biggest breakthroughs of my entire career. And here's the best part… All you have to do is focus on one predictive candlestick pattern. And trading can become much more straightforward! Click here to see how to get the free eBook and I'll show you examples with Apple, Amazon and Microsoft too. MARKETS DOW 32,969.69 +0.18% S&P 4,140.78 +0.29% NASDAQ 12,431.53 +0.41% *As of market close • Stocks moved higher on Wednesday, reversing three days of losses. • Oil rallied 1.6 percent, closing at $95.23 per barrel. • Gold rose 0.2 percent, last going for $1,765 per ounce. • Cryptocurrencies traded slightly higher, with Bitcoin at $21,723 at the stock market close. Today's TOP TIPS Fortune Favors Those Making Bold Deals Now In a bull market, investors may ignore valuation in the hope of getting into a deal with more upside potential. However, in a bear market, deals get much more scrutiny, and potentially offer more upside with less downside risk. So those companies inking deals now are likely getting good, if not great, deals. That means they can benefit over time as the deal plays out, and as markets get bullish once again. » FULL STORY Insider Trading Report: Desktop Metal (DM) Ric Fulop, CEO of Desktop Metal (DM), recently added 6,000 shares. The buy increased his holdings by 0.03 percent, and came to a total cost just over $19,250. This follows upon a 5,000 share buy from the prior week from the CEO, for $16,000, and a buy of 30,000 shares two weeks ago for just under $93,000. The CEO was also a buyer in March. One company director was a seller of shares last year. » FULL STORY Unusual Options Activity: Ring Energy (REI) Shares of oil and gas exploration company Ring Energy (REI) have lagged its peers, with just a 30 percent gain in the past year. One trader sees the company narrowing that gap with a move higher. That's based on the December $5.50 calls. With 113 days until expiration, 10,126 contracts traded compared to a prior open interest of 225, for a 45-fold surge in volume on the trade. The buyer of the calls paid $0.13 to make the trade. » FULL STORY IN OTHER NEWS • Laid Off Workers Finding New Jobs Quickly Although first-time unemployment filings have been on the rise in recent weeks, a high number of workers are able to rapidly obtain interviews and receive multiple jobs offerings right now. That's thanks to the high ratio of available jobs relative to workers, and may explain some of the strength of the economy right now, even amid many signs of a slowdown. • Rents Rise to Record High for 17th Month in a Row US rents have hit a record high of $1,879 per month in July. That's a 12.3 percent increase compared to a year ago. It's also the 17th month in a row for rents hitting a new record high. The year-over-year rate has slowed over the past six months. New leases are averaging about a $300 monthly increase over prior rents, compared to an average $160 monthly increase from renewals. • Pending Home Sales Drop 1 Percent In July Pending home sales dropped 1 percent in July compared to June. Compared to one year ago, pending home sales have dropped nearly 20 percent. Pending home sales look at signed contracts on existing homes. Part of the decline is due to the sharp rise in mortgage rates, which have made housing less affordable. • Bitcoin Drops Ahead of Fed Speech Friday Bitcoin and other cryptocurrencies have been trading in a range in the past few weeks. However, they've been trending lower ahead of a speech from Federal Reserve Chairman Jerome Powell on Friday. Speaking from Jackson Hole, Wyoming at the annual Fed retreat, the speech may give more insight into the Fed's moves in its upcoming September meeting. • Peloton to Sell Equipment on Amazon Exercise equipment and service company Peloton (PTON) has confirmed that it has begun selling equipment and apparel on retailer Amazon (AMZN). Amazon has been rumored for several months to be interested in acquiring the company outright. The move may help the company return to growth after a sharp slowdown last year. S&P 500 MOVERS TOP NCLH 8.405% ILMN 8.166% RCL 7.623% MOS 5.991% WBD 5.708% BOTTOM AAP 9.616% NWL 3.418% AZO 2.604% LH 2.553% DOW 2.481% Quote of the Day We're witnessing a housing recession in terms of declining home sales and home building. It's not a recession in home prices. Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price. - Lawrence Yun, chief economist for the National Association of Realtors, on the slowdown in the housing market, which has impacted new construction and time on the market, but hasn't hit prices hard yet. Sponsored Content Just ONE Pattern… This one pattern is quite honestly one of the biggest breakthroughs of my entire career. And here's the best part… All you have to do is focus on one predictive candlestick pattern. And trading can become much more straightforward! Click here to see how to get the free eBook and I'll show you examples with Apple, Amazon and Microsoft too. Not sure the best way to get started? 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