Good morning. While inflation numbers are finally starting to show a drop year-over-year, 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.
| | IRA/401(k) ALERT: Secret IRS Loophole May Change Your Life | | | | | The savings of regular working class Americans could be in serious trouble.
But there IS something you could do…
If you're concerned (and you should be) don't wait around for something to happen — you can do something NOW.
Request a copy of this FREE GUIDE that explains exactly why THOUSANDS have used this IRS Loophole to possibly save their IRA/401(k).
Act now! It only takes seconds.
The next step is yours, and it could mean a future of wealth… or poverty. It's up to you. All you have to do is request the free guide now. | | | | | | DOW 33,743.91 | +0.03% | | | | S&P 4,016.22 | -0.02% | | | | NASDAQ 11,313,36 | -0.18% | | | | *As of market close | | • | Markets traded mixed on Wednesday, with the Dow once again posting a small gain. | | • | Oil rose 0.5 percent, closing at $80.52 per barrel. | | • | Gold rose 0.6 percent, going for $1,947 per ounce. | | • | Cryptocurrencies traded lower, with Bitcoin at $22,936 at the market close. | | | | | | | | | | Slow and Steady Wins the Investment Race | | | | Wall Street treats stocks like they're sprinting. Each quarter, beating or missing investment results can lead to a big move higher or lower. But investing is like a marathon. Companies that consistently grow over time are rewarded over the long haul, no matter what the market is doing in the short-term. Investors can take advantage of short-term market fears to capitalize on great companies by buying them at a discount, and then letting the long-term take care of itself. » FULL STORY | | | | | | Insider Trading Report: Delta Air Lines (DAL) | | | | Francis Blake, a director at Delta Air Lines (DAL), recently bought 12,880 shares. That came to a total cost just under $497,000, and increased the director's holdings by 16 percent. This marks the first buy at the airliner since another director bought $293,000 in shares back in July. A third director also rounded out the total insider buying over the past year. Otherwise, company executives have been modest sellers of shares in the ensuing months. » FULL STORY | | | | | | Unusual Options Activity: Paramount Global (PARA) | | | | Shares of media giant Paramount Global (PARA) have shed one-third of their value in the past year. One trader sees shares moving higher in the weeks ahead. That's based on the February 17 $21.50 call. With 22 days until expiration, 3,066 contracts traded compared to a prior open interest of 114, for a 27-fold rise in volume on the trade. The buyer of the calls paid $0.97 to make the trade.
» FULL STORY | | | | | | • | M2 Money Supply Shrinks
The M2, a measure of the US money supply, is set to shrink for the first time ever. The M2 exploded higher during the pandemic, as newly created money via stimulus payments hit bank accounts. The move comes as the Fed continues to raise interest rates and tighten economic conditions to bring down inflation. | | | | • | Money Market Fund Inflows Soar
Since the start of the year, investors have added about $135 billion to money market funds. These low risk funds tend to earn a slightly higher rate than cash in a bank account, and offer high liquidity with nearly no downside risk. The fund inflows are at their highest level since May 2020. | | | | • | Mortgage Demand Rises as Interest Rates Slide
30-year fixed rate mortgages hit a 6.2 percent rate this week, their lowest since September. That's led to a 7 percent rise in mortgage application volume, according to the Mortgage Banker Association. Applications to refinance also jumped 15 percent compared to the prior week, but are still down about 77 percent compared to a year ago. | | | | • | Walmart Raises Minimum Wage to $14 Per Hour
Walmart (WMT) is raising its minimum wage to workers from $12 per hour to $14. The company is America's largest private employer, with 1.7 million workers. Of those, 94 percent are hourly employees. The move is expected to lead to other retailers raising their wages to retain talent as well. | | | | • | Crypto Recruiters Eye Laid Off Tech Workers
The past few months have seen a substantial jump in tech companies announcing layoffs. Recruiters are looking to pick up some of those terminated workers, with an eye towards using that talent at new tech startups or even cryptocurrency-related projects. | | | | | | TOP | | MKTX | 10.13% | | | COF | 9.07% | | | WBD | 7.847% | | | T | 5.924% | | | PARA | 5.545% | | | BOTTOM | | NEE | 8.463% | | | NDAQ | 6.412% | | | NSC | 5.424% | | | ISRG | 5.419% | | | ADP | 4.798% | | | | | | | | | With the bulk of earnings still in front of the market, the question as to whether the shift towards growth being signaled by recent rallies is warranted could be answered by upside earnings surprises and solid guidance. | | - Quincy Krosby, chief global strategist at LPL Financial, on why traders should be prepared for some unexpected moves in the market this earnings season. | | | | IRA/401(k) ALERT: Secret IRS Loophole May Change Your Life | | | | | The savings of regular working class Americans could be in serious trouble.
But there IS something you could do…
If you're concerned (and you should be) don't wait around for something to happen — you can do something NOW.
Request a copy of this FREE GUIDE that explains exactly why THOUSANDS have used this IRS Loophole to possibly save their IRA/401(k).
Act now! It only takes seconds.
The next step is yours, and it could mean a future of wealth… or poverty. It's up to you. All you have to do is request the free guide now. | | |
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