Thursday, August 17, 2023

😖China’s Credit Problems May Keep Markets Volatile

Good morning. China's real estate problems have been building for years, kicking off about two...
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. China's real estate problems have been building for years, kicking off about two years ago. Now, with a slow economy and a rising debt-to-GDP-ratio, ratings agency Fitch may downgrade the country's A+ credit rating. It also doesn't help that China has quickly shut down trading in troublesome bonds on its troubled property development companies.

Downgrade or not, China's slowdown could lead to slower global growth. It may not mean a recession, as China is more dependent on Western capital markets, and western nations have worked to diversify their manufacturing supply chains. But it could likely cause some turmoil in the markets, likely increasing some of the volatility in recent weeks.

Higher volatility gives traders more profitable opportunities, and a market decline can allow investors to buy beaten-down names at better valuations. Just don't get too bullish quite yet.

Now here's the rest of the news:

Sponsored Content
Tried, Proven, and Ahead of the Curve: Learn Free to Trade with A.I.
These A.I. Stock Predictions are WOW.

Are you ready for some jaw-dropping insights that could skyrocket your trading performance? Brace yourself because we have some exciting news to share.

Recently, this dual-patented artificial intelligence (A.I.) that's been pioneering A.I. in the stock market since the late 1980s accurately predicted massive bullish reversals (in advance) for three specific stocks.

It was a truly remarkable feat that left traders in awe.

The momentum is still building, and we have more intriguing predictions in store for the upcoming week going down in our Free Live A.I. Stock Market Training.

MARKETS
DOW 34,765.74 -0.52%
S&P 4,404.33 -0.76%
NASDAQ 13,474.63 -1.15%
*As of market close
Markets continued lower on Wednesday, following the latest Fed meeting minutes.
Oil slid 2.2 percent, closing at $79.18 per barrel.
Gold dipped 0.7 percent, last going for $1,922 per ounce.
Cryptocurrencies traded lower, with bitcoin at $29,089 at the stock market close.

Today's TOP TIPS
Retail Sector Fears Have Been Overblown, For Now
The past few months have seen retail stocks underperform on concern that consumers have been slowing their spending. The latest retail sales data indicates that consumers are fine overall. If anything, they're just cutting back on spending unless they can get a big bargain.

Investors looking at the retail space should focus either on companies that can offer big, regular sales, or on big box stores that cater to consistent demand.

» FULL STORY

Insider Activity Report: Keycorp (KEY)
Devina Rankin, a director at Keycorp (KEY), recently bought 10,000 shares. The buy is an initial stake for the director. The total cost for the stake came to $114,900.

This marks the first insider buy since the company's institutional bank head bought 75,000 shares in May. He paid $733,500 to do so. Company insiders have mostly been buyers since March, following the drop in bank stocks. And they were largely sellers last year at higher prices.

» FULL STORY

Unusual Options Activity: Sea Limited (SE)
Singapore-based e-commerce and digital finance platform Sea Limited (SE) dropped nearly 30 percent on Tuesday. One trader expects shares to decline further in the next month.

That's based on the September $35 puts. With 28 days until expiration, 15,097 contracts traded compared to a prior open interest of 376, for a 40-fold rise in volume on the trade. The buyer of the puts paid $0.60 to make the bearish bet.

» FULL STORY

IN OTHER NEWS
Consumer Debts Rise as Payments Slow

While consumers are still holding strong on total cash balances, they are declining from their pandemic-era peak. Now, credit card debt has topped $1 trillion for the first time, and delinquent payments are on the rise. That indicates that some consumers may be getting into trouble, even as others have the ability to increase their debt load.
U.K. Inflation Drops to 6.8 Percent

Inflation in the United Kingdom dropped to 6.8 percent in July, a 17 month low. Overall, food and energy prices declined overall, which helped lead the drop. Food inflation remains high in the U.K., with a 14.9 percent increase for the year ending July.
Apple Starts iPhone Production in India

Tech giant Apple (AAPL) has started production of the iPhone 15 in India. The move is part of the company's plan to diversify manufacturing operations out of China, and improve supply chains. In fiscal 2022, Apple produced nearly 7 percent of all its iPhones in India, or about $7 billion.
Intel Calls Off Tower Semiconductor Merger

Chipmaker Intel (INTC) is calling off its plan to buy Tower Semiconductor (TSEM), in what would have been a $5.4 billion deal. Intel will pay a breakup fee of $353 million. The breakup is coming as a number of countries have cited regulatory concerns for the merger of the two companies, which would impact Intel's ability to close the deal in a timely manner.
Coinbase Gets Approval to Trade Crypto Futures

Cryptocurrency brokerage firm Coinbase (COIN) has received approval to trade futures on cryptocurrencies and offer that product to US customers. Unlike owning a crypto outright, futures contracts are similar to options in that they provide a low-cost way to profit from a big price move higher or lower in an asset.

S&P 500 MOVERS
TOP
PGR 8.733%
MKTX 5.349%
ALL 4.359%
TJX 4.168%
TGT 2.896%
BOTTOM
JKHY 7.151%
RHD 4.834%
MPWR 4.396%
SEDG 4.171%
SBAC 3.908%

Quote of the Day
When considering valuation, we believe the 'E' must substantiate the 'P' in the P/E ratio. As it stands, we are still not convinced corporate profits can sustain a move above the 4,800-range the S&P 500 achieved early last year, particularly given the current level of interest rates.
- John Lynch, chief investment officer of Comerica Wealth Management, on why the market can rally through the end of the year, but why it may not move too far past its prior all-time high.

Sponsored Content
The Scariest Retirement Fact of 2023
The Scariest Retirement Fact of 2023

Trader, there's an alarming fact about retirement that demands your immediate attention.

Last year, a staggering number of Americans were forced to take out hardship withdrawals from their retirement savings, painting a dire picture of the state of our financial security.

I am excited to introduce you to a groundbreaking trading strategy that has been creating a buzz in the financial world.

To secure your spot for this crucial event, click on this link to save your seat without delay.

Don't wait, save your seat now because there will be NO replays.


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 Live Trading Room:

Trading with Manny

› 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. It's our passion to build a strong community centered around fun and mindset! We love to discover extraordinary and useful tools and share them with the world! We create a space where people can discover how to enjoy their lives by simply choosing to learn. Every day we are building and strengthening partnerships with our customers and clients and we do so in the most ethical way possible. We particularly love working with artisans, makers, and small businesses because through their passion and their craft they help make the world a better place.. Without all of you we wouldn't be able to do what we do on a daily basis and for that we say thank you. We've been living our dream for many years now and that wouldn't be possible without every single one of you. The idea of going from a typical nine to five life to a life of freedom doesn't seem real to most people, but we want you to know it is definitely possible. We've done it. You have the power to control your life, your actions, and what you choose to focus on. We're here to help you along that journey to achieve whatever goals you set out for yourself. However, we also care about keeping you and your privacy safe. We are committed to advising you of the right to your privacy. We strive to provide a safe and secure user experience. Our Privacy Policy explains how we collect, store and use personal information, provided by you on our website. It also explains how we collect and use non-personal information. By accessing and using our website, you explicitly accept, without limitation or qualification, the collection, use and transfer of the personal information and non-personal information in the manner described in this Privacy Policy. Please read this Policy carefully, as it affects your rights and liabilities under the law. If you disagree with the way we collect and process personal and non-personal information, please do not use this website. This Policy applies to this website as well as all webpages Company hosts. It regulates the processing of information relating to you and grants both of us various rights with respect to your personal data. It also informs you of how to notify us to stop using your personal information. We are located in the United States of America. You may be located in a country that has laws which are more restrictive about the collection and use of your personal information. However, by using our website, you agree to waive the more restrictive laws and agree to be governed by the laws of the United States of America. If you wish to view our privacy policy, you can find it below.



Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

As defined in the United States Securities Act of 1933 Section 27(a), as amended in the Securities Exchange Act of 1934 Section 21(e), statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense.

Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.



 

This email was sent to edwardlorilla1986.paxforex@blogger.com by editor@tradingtips.com

TradingTips.com | 3435 Ocean Park Blvd. Suite 107-334 Santa Monica, CA 90405

Manage Subscriptionsreport SPAM


 

No comments:

Post a Comment

Why are billionaires loading up on oil?

JP Morgan analysts have pegged the future price of oil at $380.............................................................................