Good morning. With companies and families alike looking for a safe place to park their money...
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.
| |  | | | | Potential 500% Return From A Unique $1 Asset? | | |  | | I've spent the better part of my career making macroeconomic predictions… helping investors decipher "what comes next"… I've helped hundreds navigate bull markets, bear markets, recessions… you name it, I've been through it.
But it's THIS terrifying revelation that keeps me up at night… I've watched in shock as prices on everything from apples to iPhones and everything in between have risen faster than the summer temperatures…
In the first half of this year alone we've broken record after record… at last look, we're living through the highest inflation in over 4 decades.
Like I said, I've spent most of my life helping investors protect their wealth and profit… no matter what the market does… but I've never been THIS concerned. Millions of Americans are now rushing towards life at "Ground Zero".
A frightening new financial reality that has the potential to erase the wealth of millions. And the worst part of it all?
It's largely avoidable… if you know what to look for. I've put together a brand-new presentation outlining exactly what I see coming.
It all hinges on a single, simple $1 asset that skyrockets during strange times like these.
Discover how to stake your claim NOW… before this stock takes off. | |
| | |  | DOW 32,155.40 | +1.06% | | | | | S&P 3,920.56 | +1.68% | | | | | NASDAQ 11,428.15 | +2.14% | | | | | *As of market close | | | • | Markets rallied on Tuesday, as traders priced in an end to the Fed hiking interest rates. | | | • | Oil slid 4.4 percent, last going for $71.53 per barrel. | | | • | Gold dipped 0.4 percent, ending at $1,909 per ounce. | | | • | Cryptocurrencies moved higher, with bitcoin at $25,013 at the stock market close. | | | | | | | |
| | | In a Flight to Safety, Look for Cash-Generating Giants | | | | Market sentiment has turned on a dime, as fears about the solvency of several banks has surged. In this flight to quality, investors are moving into assets such as Treasury bonds and gold. However, some stocks could be a better option here.
That's because some companies will continue to grow their income. And that can be used to buy back shares, pay out a growing dividend, or otherwise reward those with the willingness to buy in a fearful market.
» FULL STORY | | | | |
| | Insider Trading Report: Dollar Tree (DLTR) | | | | Richard Dreiling, CEO at Dollar Tree (DLTR), recently added 7,100 shares to his holdings. The buy increased his stake from just 18 shares, and came to a total cost of just over $1 million.
This marks the first insider buy in nearly a year, when a director bought 425 shares at a cost of just over $66,000. Otherwise, there has been one insider sale over the past year, by the company's chief strategy officer.
» FULL STORY | | | | |
| | Unusual Options Activity: Marqeta (MQ) | | | | Transaction processing services company Marqeta (MQ) has seen shares get cut in half over the past year. One trader sees further downside in the months ahead.
That's based on the June $3.50 puts. With 93 days until expiration, 67,259 contracts traded compared to a prior open interest of 100, for a staggering 673-fold jump in volume on the trade. The buyer of the puts paid $0.23 to make the downside bet.
» FULL STORY | | | | |
| | • | Shelia Blair Warns Fed to Stop Hiking Rates
Former FDIC chairwoman Shelia Blair has called on the Federal Reserve to stop raising interest rates. The collapse of Silicon Valley Bank indicates that the Fed has acted too harshly to bring down inflation, and there may be some ongoing risks to the financial system. | | | | • | Mortgage Rates Drop Amid Bank Failures
Investors have pushed into bonds following the collapse of a number of banks in recent days. That's pushed interest rates down, and with them, mortgage rates. 30-year fixed-rate mortgages dropped to 6.57 percent, and a further drop may entice marginal buyers back into the housing market. | | | | • | Ride Sharing Companies Score Victory Against Contractor Law
A California court has ruled that the gig-economy business model can stay in place, despite a series of laws that were designed to treat such gig workers as contractors. The ruling is a relief to big players such as ride-sharing companies Uber (UBER) and Lyft (LYFT). However, the ruling does open the door for potential collective bargaining. | | | | • | Momentive Global to Go Private
Momentive Global (MNTV), the parent company of Survey Monkey, has agreed to go private in a $1.5 billion deal. A group led by private equity firm Symphony Technology Group will own the company. The deal is about a 20 percent premium to where shares traded before the announcement. | | | | • | Y Combinator Announces Layoffs
Early-stage investment firm Y Combinator is looking to scale back its staff by about 20 percent, or about 17 employees. The company is also scaling back investment activity. The company also reports that about 30 percent of its startup investments have exposure to Silicon Valley Bank. | | |
| | | | TOP | | | FRC | 26.402% | | | | SCHW | 10.277% | | | | CTLT | 6.594% | | | | FIS | 6.443% | | | | META | 6.004% | | | | BOTTOM | | | UAL | 6.175% | | | | BXP | 4.925% | | | | ALK | 4.515% | | | | ZION | 4.338% | | | | JBHT | 3.668% | | | | |
| | |  | | This news really is really a deflationary shock that the Fed has to consider. It's definitely a game changer. | | - Gina Bolvin, president of Bolvin Wealth Management Group, on the collapse in confidence in the banking system that's erupted over the past week. The fears may result in the Fed pausing its interest rate hikes, or even reversing them sooner than expected in the months ahead. | |
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