🐡Don’t Breathe a Sigh of Relief Just Yet

Tech stocks helped save the market last week, and with progress being made on the debt ceiling...

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, and Happy Memorial Day! Tech stocks helped save the market last week, and with progress being made on the debt ceiling front, it certainly seems like we could be set up for a quiet summer, with markets potentially moving slightly higher and adding to their gains this year. But chances are we'll see more volatility. Even without the debt crisis, the banking sector still faces some challenges. And the bank bailout facility that was created earlier this year to avoid more seizures by regulators continues to see assets flow in, with over $90 billion so far. So keep your head on a swivel in today's markets, and look for opportunities both long and short. Now here's the rest of the news: Sponsored Content Fed's Shocking New Plan to Control Your Money The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine.  Click Here to Discover How to Protect Your Money MARKETS DOW 33,093.34 +1.00% S&P 4,205.45 +1.30% NASDAQ 12,975.69 +2.19% *As of market close • Stocks rallied higher on Friday, ahead of a potential debt ceiling deal. • Oil rose 1.4 percent, closing at $72.83 per barrel. • Gold rose 0.1 percent, ending the day at $1,946 per ounce. • Cryptocurrencies moved higher, with Bitcoin at $26,780 at the stock market close. Today's TOP TIPS The Highest-Yielding Big Box Store Play Is Moving In the Right Direction Most industries tend to consolidate over time. Retail is no exception, as many stores have gone by the wayside. Today, most big box stores compete with online retailers in some capacity, and those that run a niche tend to have the brick-and-mortar business to themselves. That's allowed these companies to continue growing, which can benefit shareholders. It's an even better benefit when they're also generous with ever-increasing dividend payouts. » FULL STORY Insider Trading Report: Energy Transfer (ET) Kelcy Warren, Chairman of the Board at Energy Transfer (ET) has bought 1,500,000 shares in 3 separate transactions over the past week. In total, those buys have added up to over $19 million. And that doesn't include a series of buys earlier in May, or even back in February. Warren has been the sole active insider this year with massive buys, but other company executives were buyers last year at similar prices to where shares trade today. » FULL STORY Unusual Options Activity: Taiwan Semiconductor Manufacturing (TSM) Chipmaker Taiwan Semiconductor Manufacturing (TSM) recently jumped 12 percent and is back near its 52-week high. One trader sees a further rally ahead. That's based on the August $105 calls. With 81 days until expiration, 8,187 contracts traded compared to a prior open interest of 155, for a 53-fold rise in volume on the trade. The buyer of the calls paid $5.45 to make the bullish bet. » FULL STORY IN OTHER NEWS • Mortgage Rates Climb Again The average 30-year, fixed rate mortgage hit 6.57 percent last week, its highest level since March, and a 0.18 percent increase over the week before. The rate stood at 5.1 percent at the same point last year. Higher rates continue to keep potential buyers away, and potential sellers with low mortgage rates seem more reluctant to move given the higher costs of borrowing today. • Americans Concerned About Financial Comfort in Retirement 43 percent of non-retired American adults think they will have enough money to live on comfortably when they retire. That's the lowest reading since 2012, and a 10-point drop since 2021. Overall, it's a sign that the recent bout of inflation and concern over a slowing economy continue to weigh on potential retirees. • ChatGPT App Hits 500,000 Downloads In Six Days Just six days after hitting the market, OpenAI's ChatGPT app has hit 500,000 downloads. The app has been released only on iOS, further limiting the potential market right now. But that still makes it the fastest growing app this year, and second to February 2022's launch of Truth Social. • Crypto Hacks Drop 70 Percent in Q1 2023 A new study shows that hacks based on cryptocurrency related scams have dropped 70 percent in the first quarter of 2023. Slow activity in the crypto market, which faced a massive price and volume decline across the space last year, is most likely to blame for the drop. • Disney, Comcast Argue Over Hulu Media giants The Walt Disney Company (DIS) and Comcast (CMCSA) are in a contentious legal battle over the fate of streaming platform Hulu. One of the first streaming platforms, Hulu was built by multiple media companies, but the rise of multiple streaming services has resulted in a push by both companies to be the sole owner of the service. S&P 500 MOVERS TOP AVGO  11.63% WDAY  9.895% ANET 9.011% DLR 7.437% MPWR 6.698% BOTTOM ULTA 13.364% KR 3.209% ES 3.006% RE 5.947% MDT 2.502% Quote of the Day The macro point is that innovation in technology can outweigh the headwinds of a slowing economy, or higher interest rates. Technology in particular and growth stocks are not dead. - Dylan Kremer, co-chief investment officer of Certuity, on how tech stocks have helped the market move higher this year, particularly companies that are embracing the high growth potential of artificial intelligence. Sponsored Content Fed's Shocking New Plan to Control Your Money The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine.  Click Here to Discover How to Protect Your Money 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! We are dedicated to teaching people how to make the world a better place so we can all thrive, together. We love sharing stories and featuring past learners who have applied our teachings and changed their situations. 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