Tuesday, September 5, 2023

😤This Sector Will Give You a Heads Up for the Next Market Decline

Good morning. There are many economic indicators out there – most of which aren't too valuable...
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. There are many economic indicators out there – most of which aren't too valuable once the data is collected and reported on. However, some data is fairly timely. That includes data from credit card providers on items such as outstanding debts and loan delinquencies.

Right now, we're seeing a move over $1 trillion in total credit card debt for the first time ever. And interest rates on that debt are rising to their highest levels. Plus, over the past two years, the percentage of cardholders carrying a balance has increased from 39 percent to 47 percent.

Those trends point to a strained consumer. If the trend on balances and delinquent payments worsens, it's possible that could eventually show up in declining consumer demand – which would likely move markets lower. Traders and investors alike should remain cautious in the coming few weeks, and look to credit trends for a sign of improvement.

Now here's the rest of the news:

Sponsored Content
Fed's "Dollar Rocket" Gains Liftoff…
Designed to process up to 1.7 million financial transactions per second…

FedNow is like a booster rocket for the U.S. Dollar.

Why's the Fed need a dollar rocket? Because FedNow provides the real-time "rails" upon which a digital dollar must function.

My message to Main Street America?

Get positioned alongside FedNow's national rollout, stat! Because early investors have a shot to top some of the market's biggest winners lately (i.e. gains of 273%... 434%... even 638%).

Click Here for the Urgent Details >>

MARKETS
DOW 34,837.71 +0.33%
S&P 4,515.77 +0.18%
NASDAQ 14,031.82 -0.54%
*As of market close
Markets were closed on Monday, in observation of Labor Day.

Today's TOP TIPS
Stick With 2023's Winning Stocks of the Year
Markets tend to move in trends. Since bottoming out late last year, the trend has been higher, even with a few hiccups along the way like the drop in early August.

With stocks trending higher, last year's big losers have gained more ground than average. That trend will likely continue as well. That's good news for investors looking to catch up this year who may have missed out on the first part of the market rally.

» FULL STORY

Insider Activity Report: Markel Group (MKL)
Lawrence Cunningham, a director at Markel Group (MKL), recently bought 25 shares. The buy increased his holdings by 6 percent, and came to a total cost of $36,500.

The buy came a few weeks after the company CEO bought 100 shares, paying about $148,000 to do the same. Over the past six months, there have been nine insider buys, and two small sales from company directors, following a similar trend from 2022.

» FULL STORY

Unusual Options Activity: Comstock Resources (CRK)
Oil and gas exploration company Comstock Resources (CRK) is down by nearly a third over the past year, amid a decline in energy prices. One trader sees shares rallying higher in the coming weeks.

That's based on the October $13 calls. With 44 days until expiration, 18,969 contracts traded compared to a prior open interest 585, for a 32-fold rise in volume on the trade. The buyer of the calls paid $0.55 to make the bullish bet.

» FULL STORY

IN OTHER NEWS
Job Growth Continues, But Unemployment Rate Ticks Higher

The economy grew by 187,000 jobs in the U.S. in August, according to the latest data from the Bureau of Labor Statistics. That's just over expectations for gains of 170,000. The number has slowed in recent months, and July's day was revised downward by 30,000 jobs to 157,000. The news was enough to cause the unemployment rate to tick up to 3.8 percent.
White House Seeks Congressional Funding to Avert Shutdown

The federal government is expected to run out of funding on September 30, unless action is taken by Congress. The White House has asked for a short-term continuing resolution to maintain government spending past the end of the month.
Amgen and Horizon Therapeutics Reach FTC Settlement

The Federal Trade Commission has reached an agreement with Amgen (AMGN) and Horizon Therapeutics (HZNP), regarding their $28 billion merger. The regulatory agency is prohibiting the combined entity from bundling several of its products, but otherwise appears fine with the merger..
Saudi Aramco Considers Share Sale

Oil giant Saudi Aramco is considering selling shares to raise capital, after prior plans have fallen through. The company, the most valuable in the world, could sell up to $50 billion in shares. Oil prices have ticked up recently, which would offset the dilutive impact of issuing new shares now.
Robotics Sales Decline for Second Straight Quarter

For the second consecutive quarter, robot sales have declined, according to data from the Association for Advanced Automation (A3). Overall, sales dropped 37 percent year-over-year for the second quarter, and 29 percent from the first half of 2022. Last year saw a record year for sales, with a rise of 11 percent, and the current decline is being blamed on economic headwinds.

S&P 500 MOVERS
TOP
LULU 5.919%
HPE 5.68%
FCX 4.124%
INTC 3.97%
AMD 3.563%
BOTTOM
WBD 13.432%
PARA 8.946%
WBA 7.408%
FOXA 6.156%
FOX 5.898%

Quote of the Day
We're expecting globally a slowdown in growth, and that will have an impact on [emerging markets] Asia through trade conditions as well as access to financing in the region. There are still risks out there that inflation could prove stickier ... than currently expected, and that would lead to higher risks for longer and slower growth.
- Marie Diron, managing director at Moody's Investors Service, on why the ratings agency expects a global slowdown in growth in the quarters ahead, driven by higher interest rates and a slowdown in China.

Sponsored Content
Fed's "Dollar Rocket" Gains Liftoff…
Designed to process up to 1.7 million financial transactions per second…

FedNow is like a booster rocket for the U.S. Dollar.

Why's the Fed need a dollar rocket? Because FedNow provides the real-time "rails" upon which a digital dollar must function.

My message to Main Street America?

Get positioned alongside FedNow's national rollout, stat! Because early investors have a shot to top some of the market's biggest winners lately (i.e. gains of 273%... 434%... even 638%).

Click Here for the Urgent Details >>


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

The Perfect Under $10 AI Stock

Forget the big cap AI stocks... this is the one to own for the next decade. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ...