Midas Letter
12/07/2020
The big news last week was the mass hospitalizations of new Coronavirus cases. It was reported that U.S. hospitalizations surpassed 100,000 for the first time. This pressure on healthcare threatens the entire system. Meanwhile, U.S. stocks have continued their uptrend. The NASDAQ-100 (INDEXNASDAQ: NDX) and S&P 500 Index (INDEXSP: .INX) hitting highs. Although cases […]
12/01/2020
Markets reversed investor sentiment on Cyber Monday. The sentiment that has sent stocks soaring to all-time highs this month. November has been another record month for the overall stock market, but this week shows perhaps some profit-taking and a period of investors taking a breath. The technology-focused NASDAQ, which has […]
11/25/2020
Ever heard of the Santa Claus rally or Black Friday stock rally? It’s not a celebratory parade or a rush through shopping malls to get the newest gifts before the next person… It’s a stock market phenomenon that sees an increase in stocks due to strong retail sales… There are […]
11/24/2020
Today, we want to discuss emerging trends in the market. Trends that should see plenty of profits moving forward, regardless of economic shocks caused by COVID-19 or the election volatility. Some trends that we see moving prices higher and some to the downside. First, let’s talk about how the major […]
11/24/2020
Options trading may seem complex and overwhelming, but once you understand the basics and a few terms, it can be a new trading direction with many advantages. Options trading can provide investors with unlimited profits, limited downside risk, and hedging abilities. But what is a strike price, expiration date, calls, […]
11/20/2020
Mind Medicine (MindMed) Inc (OTCMKTS:MMEDF) has been on an absolute tear of late. Due to its groundbreaking work in the psychedelic field, the company’s stock has gained more than 200% in the last 2 months! Co-founder and Co-CEO JR Rahn is a former Silicon Valley tech executive who partnered with drug […]
11/16/2020
Moderna Inc (Nasdaq:MRNA) announced Monday that its vaccine appears to be 94.5% effective. The ongoing study is still based on preliminary data, but U.S. sentiment appears high as this is the second major vaccine breakthrough in as many weeks. This news follows last week’s announcement that a Pfizer Inc. (NYSE:PFE) […]
11/13/2020
One of the outcomes of president-elect Joe Biden and vice president-elect Kamala Harris winning is the clear path now laid out to full federal decriminalization and regulation of cannabis. Both Biden and Harris are unequivocal in their support for broad access to cannabis across recreational and medicinal landscapes and will […]
11/09/2020
Now that we know the outcome of the presidential election and the breaking news of Pfizer’s (NYSE: PFE) 90% effective vaccine, it’s game on for risk-on trading. Markets have taken a collective sigh of relief and seem to be on their way back to “normal” before the craziness of 2020. […]