We’re now at the tail end of what has arguably been the most important earnings season ever!
Investors were updated on business trends for the first time since the pandemic shut down the global economy.
Economic shutdown or not, the world still needs a way to process payments. With people shifting away from paying merchants with physical cash, electronic volume is set to skyrocket!
Finding energy is a daily challenge. Whether you are a parent trying to keep things from falling apart mid-week or a field operator trekking through war-torn territory, energy is at the core of your success.
Four times a year it’s 13F Form day. The form required to be released by all Hedge Fund managers with over $100 million in assets. The latest 13F day fell on May 15 this week.
U.S. markets were choppy on Thursday’s following better-than-expected earnings from the Retail sector but worse-than-expected economic news. Adding to the negative sentiment was the release of complaints about China from the White House that accused Beijing of predatory economic policies, military build-up, disinformation, and human rights violations.
The mostly lower close kept the major indexes near the upper end of their current 4-session trading ranges with new monthly highs still in play. Volatility was slightly elevated throughout the session but was able to hold key levels of support and resistance.
Joy of the Trade Head Trader Jeff Zananiri joined Midas Letter to discuss the reflationary measures set by the Fed since the onset of the Coronavirus epidemic.
Numbers coming out of Wall Street are looking good today. The market is currently up 1.5%-2% across the board.
Years ago, a smart guy told me that if I want to explain financial concepts to people, I should use house analogies.
A house is a tangible asset. You can see it and touch it. And most people can identify with buying or selling a house…or at least paying rent.
U.S. markets rebounded on Wednesday with the major indexes closing in positive territory for the 4th time in 5 sessions after setting fresh monthly highs. The opening gains held steady into the FOMC Minutes which had little impact with no change in policy.
Looking at the economic calendar, there are a lot of major economic releases coming at us this week. One of the most important numbers you’ll see is that another 2 million people are expected to lose their jobs.
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Roger Scott is a professional trader and a successful entrepreneur with over 20 years of experience in the financial markets.