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That's all it takes to completely rewrite your financial future – starting now.
You see, something strange is happening in the financial markets...
Stocks are up 50% since the crash in March.
But investor fear is still near an all-time high, almost as high as the financial crisis in 2008.
If you're not sure what you should be doing with your money right now, this message is for you.
My name is Dr. Steve Sjuggerud.
I'm a Finance PhD and former hedge fund manager– and I'm reaching to as many people as possible to warn them about what's happening in the stock market today.
Right now a massive economic event is playing out right before our eyes...
But most Americans can't explain what or why it's happening.
It's something I've only seen a handful of times in my 25 years as an investor.
And each time it leads to incredible wealth for a select few who say "I saw it all coming"...
But most get left behind.
That's why I'm so glad you took the time to read this note today...
I boiled down what's happening in the market to just two simple words.
It's a comprehensive Special Report that explains everything you need to know, including:
How some people are already uniquely positioned to make more many than other in the coming months.
An unexpected financial consequence of COVID-19 that the mainstream media doesn't want you to know about. (It has nothing to do with bankruptcies, unemployment numbers.)
The REAL reason stocks are swinging wildly right now – while still rallying 50% higher since the crash.
A crash course on what the Federal Reserve has done in the past six months, and what it means for your money (in plain English)
And the massive economic event that's playing out as a direct result. (The last time this happened, a specific group of stocks soared 200% in 18 months.)
When you can expect in the coming months, how it will affect you, and what you must do to prepare.
Again, this is a 100% free resource for you... there's no credit card or subscription required.
You'll also start to receive my free daily email, called DailyWealth, where I'll keep you up to speed on all the moving pieces around this event. It's totally optional and you opt-out at any time if you're not enjoying it.
Here's the bottom-line:
The moves you make in the coming weeks could play a larger part in the type of retirement you're going to have than probably anything else you've done for your money to date.
And if you own U.S. assets – stocks, bonds, real estate, or just cash in the bank… essentially anything priced in U.S. dollars, you MUST be aware of what's unfolding.
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the beginning of the development of the bearish "Wolfe Wave" pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.4158. Moving averages indicate a short-term bullish trend. Prices push up from the area between the signal lines,…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the "Triangle" model. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 109.72. Moving averages indicate a short-term bullish trend for the pair. Prices…
Brent continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 68.16 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines up, which indicates pressure from buyers…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the beginning of the development of the “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2107. Moving averages indicate a short-term bearish trend for…
GOLD continue to move within the framework of the growth and the ascending channel. At the time of the publication of the forecast, the price of GOLD is 1897 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices went up from the area between the signal lines, which indicates pressure from the…
Silver continue to move within the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of Silver is $ 27.69. Moving averages indicate the presence of a bullish trend. Prices are retesting the area between the signal lines, which indicates pressure from the side buyers…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the formation of the “Wedge” reversal pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.8998. Moving averages indicate a short-term bearish trend for the pair. Prices are…
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To help you navigate the absolute best way to play it, a Bitcoin pioneer and crypto expert – who's followed by tens of thousands of readers around the world – is stepping forward with his #1 money-making strategy…
In short: Dr. Sjuggerud says economic forces in the wake of the COVID-19 crisis are combining to create a massive asset boom in the stock market. But not the kind most people expect.
This event will make millions of Americans incredibly rich, but only if you know exactly what's coming – and what to do with your money to prepare.
It explains everything you need to know, including:
How some people are already uniquely positioned to make the MOST money possible during the Next Great Asset Boom
An unexpected financial consequence of COVID-19 that the mainstream media doesn't want you to know about. (It has nothing to do with bankruptcies, unemployment numbers.)
The REAL reason stocks are swinging wildly right now – while still rallying 50% higher since the crash.
A crash course on what the Federal Reserve has done in the past six months, and what it means for your money (in plain English)
And the massive stock market event that could happen as a direct result. (The last time this happened, a specific group of stocks soared 200% in 18 months.)
When you can expect from this massive event, how it will affect you, and what you must do to prepare.
You'll also begin receiving Dr. Sjuggerud's free daily email, DailyWealth, where he covers the most important news, trends, and opportunities in the markets to help you make better investing decisions.
Sincerely,
Kelly Brown Managing Director, Stansberry Research
P.S. I've worked with Dr. Steve Sjuggerud for nearly a decade now. There is simply no one else in America quite like him. He's been featured on Fox Business News, Bloomberg, CNBC… helped ring the bell at the New York Stock Exchange twice… and is in contact with multimillionaires (and even a few billionaires) who want to see what he's doing. In this report, you'll learn about his newest prediction and exactly how it will affect you in the coming months. By accessing this report, you are under no future obligation whatsoever. Get your FREE copy right here.
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He wrote to his small group of followers: "I am extremely bullish on stocks, starting now."
He put all of his investable assets to work. He even took out a line of credit on his home and invested it in the stock market.
And he doubled his money in 13 months.
They laughed at Dr. Sjuggerud again in 2013 when he went on CNBC and Bloomberg and predicted that stocks were about to skyrocket… even going so far to say that the Dow would hit 20,000.
Stocks went on to nearly double. And the Dow eventually soared past 29,000, making some American investors millionaires along the way.
Former hedge fund manager Dr. Steve Sjuggerud has built his career (and a following of over 500,000 people) by pinpointing the exact perfect time to invest in the stock market, when the potential for the biggest gains is at its highest.
And now, he's doing it all over again.
In short: Dr. Sjuggerud says economic forces in the wake of the COVID-19 crisis are combining to create a massive boom in the stock market. But not the kind most people expect.
This event will make millions of Americans incredibly rich, but only if you know exactly what's coming – and what to do with your money to prepare.
In this free report (which requires no credit card or subscription to access), you'll learn everything you need to know, including:
One chart that proves without a doubt that the Next Great Asset Boom is already underway.
How some people are already uniquely positioned to make the MOST money possible during the Next Great Asset Boom
A secret from the 2008 crisis that few people know today… but is the key to understanding exactly what's coming.
What might be the biggest prediction of Dr. Sjuggerud's career and how it led to gains of 420%, 133%, and 192%.
An unexpected financial consequence of COVID-19 that the mainstream media doesn't want you to know about. (It has nothing to do with bankruptcies, unemployment numbers.)
The REAL reason stocks are swinging wildly right now – while still rallying 50% higher since the crash.
A crash course on what the Federal Reserve has done in the past six months, and what it means for your money (in plain English)
And the massive stock market event that could happen as a direct result. (The last time this happened, a specific group of stocks soared 200% in 18 months.)
When you can expect from this massive event, how it will affect you, and what you must do to prepare.
Don't get left out of the biggest stock market event in a generation.
You'll also begin receiving Dr. Sjuggerud's free daily email, DailyWealth, where he covers the most important news, trends, and opportunities in the markets to help you make better investing decisions.
Sincerely,
Kelly Brown Managing Director, Stansberry Research
P.S. I've worked with Dr. Steve Sjuggerud for nearly a decade now. There is simply no one else in America quite like him. He's been featured on Fox Business News, Bloomberg, CNBC… helped ring the bell at the New York Stock Exchange twice… and is in contact with multimillionaires (and even a few billionaires) who want to see what he's doing. In this report, you'll learn about his newest prediction and exactly how it will affect you in the coming months. By accessing this report, you are under no future obligation whatsoever. Get your FREE copy right here.
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================================= Information, charts or examples contained in this email is for illustration and educational purposes only. It should not be considered as advice or an endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us is registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend or receive any payments from any broker. On certain occasions, we have a material link to the product or service mentioned in the email. This may be in the form of compensation or remuneration.
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In short: Dr. Sjuggerud says economic forces in the wake of the COVID-19 crisis are combining to create a massive asset boom in the stock market. But not the kind most people expect.
This event will make millions of Americans incredibly rich, but only if you know exactly what's coming – and what to do with your money to prepare.
It explains everything you need to know, including:
How some people are already uniquely positioned to make the MOST money possible during the Next Great Asset Boom
An unexpected financial consequence of COVID-19 that the mainstream media doesn't want you to know about. (It has nothing to do with bankruptcies, unemployment numbers.)
The REAL reason stocks are swinging wildly right now – while still rallying 50% higher since the crash.
A crash course on what the Federal Reserve has done in the past six months, and what it means for your money (in plain English)
And the massive stock market event that could happen as a direct result. (The last time this happened, a specific group of stocks soared 200% in 18 months.)
When you can expect from this massive event, how it will affect you, and what you must do to prepare.
You'll also begin receiving Dr. Sjuggerud's free daily email, DailyWealth, where he covers the most important news, trends, and opportunities in the markets to help you make better investing decisions.
Sincerely,
Kelly Brown Managing Director, Stansberry Research
P.S. I've worked with Dr. Steve Sjuggerud for nearly a decade now. There is simply no one else in America quite like him. He's been featured on Fox Business News, Bloomberg, CNBC… helped ring the bell at the New York Stock Exchange twice… and is in contact with multimillionaires (and even a few billionaires) who want to see what he's doing. In this report, you'll learn about his newest prediction and exactly how it will affect you in the coming months. By accessing this report, you are under no future obligation whatsoever. Get your FREE copy right here.
This email was sent to edwardlorilla1986.paxforex@blogger.com because you made a great decision to receive our Digest Daily.
This ad is sent on behalf of Stansberry Research, 1125 N Charles St, Baltimore, MD 21201. If you would like to unsubscribe from receiving offers from Stansberry Research please click here
Argent released two albums to crickets before they broke through. No one was waiting for the band, today they would have gone out as the Zombies, just like Led Zeppelin started out as the New Yardbirds, sans name recognition you're starting at zero.
As for the Zombies?
They'd had legendary hits, but they were years before, except for "Time of the Season" from "Odessey and Oracle," which Al Kooper rescued from the dustbin and made a hit after the band had broken up. Meanwhile, Rod Argent may have written "Time of the Season," but Colin Blunstone was the frontman, the vocalist, then again all of the Zombies' success occurred prior to the explosion of rock rags, back then most people hadn't even heard of "Rolling Stone," which might have launched in 1967 but truly didn't hit critical mass until the seventies.
But Argent was a different band. In this case, the frontman was Russ Ballard, who was also the primary songwriter. And the end result sounded nothing like the Zombies, but there was a certain magic, which eluded the public.
The first album, the eponymous "Argent," contained one of the best records of all time, "Liar." Doubt me? Pull it up, the dynamics alone will close you. A year later, Three Dog Night" covered "Liar" and made it a hit, and that take is pretty good, but the dynamics, the ethereal sound, is absent.
As for the second Argent album, "Ring of Hands," a year later Three Dog Night included "Chained" in their 1972 LP, "Seven Separate Fools," but it wasn't a single and...I'd see Argent albums in the bins, but I never ever knew anybody who owned one.
And then came "Hold Your Head Up."
1972... Let me see, that summer also saw the release of "Thick as a Brick." In the U.K., T.Rex was dominant, and David Bowie was exploding with "Ziggy Stardust," never mind the debut of Roxy Music...but those acts took a long time to cross the pond. Interesting how they're all English.
And so was Argent.
Now by 1972, every hamlet had an FM rock station. And free-form was history, the music was programmed. And what they were looking for was instant smashes, tracks people would get on one listen and clamor to hear again.
That was "Hold Your Head Up." The ethereal squeal of the intro followed by the pounding drums entranced you immediately, and then when the guitar riff was introduced, you were completely sold. And then Russ Ballard emerged atop it all and the cake was baked, the whole concoction rose.
This was the era of the extended track. The album version was six minutes and seventeen seconds long, it was cut down to just over three for AM radio after it had such an impact on FM, it blared out of car windows ALL OVER THE WORLD, this is the rock that has been pooh-poohed by the critics, those rewriting history, but this was the music that dominated back then, when it became about bigger and bigger shows, when politics was fading and only the sound remained. All Argent had to do was follow it up.
2
"God Gave Rock and Roll to You"?
The title alone will swear you off the track. Sure, the Jesus movement had fomented, but tying in religion and self-congratulation, the power of rock and roll...it was all just a bit too over the top, to the point of appearing ersatz.
Needless to say, the track stiffed. And since Argent had little commercial history to speak of, so did the album, "In Deep."
The act made two more albums on Epic, even one on RCA, but it was almost like they didn't come out, there was no attention, no radio action, and Russ Ballard left after "Nexus," the band's 1974 follow-up to "In Deep."
Ballard went on to be a songwriter, he also recorded, not that anybody seemed to know, but he's got enough classics in his catalog to be living on royalties. Yes, in addition to "Liar" and "Hold Your Head Up," he also composed "New York Groove" for Ace Frehley, "You Can Do Magic" for America, "Winning" for Santana, and even "I Know There's Something Going On," from my friend Frida's first English solo album, produced by Phil Collins.
Rod Argent went behind the scenes to work with Tanita Tikaram, who had a big MTV track "Twist in My Sobriety," and then promptly disappeared.
Argent's cousin, bass player Jim Rodford, decamped for the Kinks.
And drummer Rob Henrit ultimately followed him, after doing some session work.
But then something strange happened, in 1989 the stoner comedy "Bill & Ted's Excellent Adventure" was released and succeeded smashingly. And then there was a sequel, "Bill & Ted's Bogus Journey" in 1991, and this being the twentieth century, there were attendant soundtrack albums for both flicks, and the one for "Bogus" featured cuts from Slaughter, Megadeth, Primus and KISS. And the KISS track was a cover of what was now called "God Gave Rock 'N' Roll To You II." One can argue quite strongly this is perfect KISS fodder, over the top bombast, subtlety is excised, Paul Stanley is singing with all the power of his lungs, the band sludged through this forgotten song and gave it the attention it deserved, it was ultimately released as a single and also included in a subsequent KISS album. Today everybody knows "God Gave Rock and Roll to You"... Well, not Gen-Z. Maybe some millennials. This sound is out of fashion, but it still had dominance until the turn of the century.
3
So I was driving on the freeway today, twisting the steering wheel of my four-wheel drive car, not able to avoid the influence of "Formula 1: Drive to Survive," and I'm listening to the radio.
The news is scary and too often repetitive.
Howard's on vacation, although I did enjoy hearing them beat up Memet again.
So ultimately I switched the channel to Classic Vinyl. And "Roadhouse Blues" started pouring out of the speakers, the subwoofer thumping as Jim Morrison got himself a beer and I contemplated how great this basic song is, played constantly on classic rock stations today, even though the album it opens, "Morrison Hotel," was pooh-poohed by critics.
And then...maybe I switched to Deep Tracks, but on one of those rock stations, after pushing some buttons, I heard the inimitable sound of Argent's "God Gave Rock and Roll to You."
And now I'm really in the groove, I turn up the stereo, not only does this original version of the song sound fresh and exciting, I'm gaining new insight, even though the cut is almost fifty years old.
Yes, God gave us rock and roll, or maybe he didn't, but we've certainly got it, but it doesn't mean what it did back in 1973 when this cut was released.
As for loving our friend and our neighbor...a sixties hangover back then, an impossibility today, peace and love are out the window.
But it was the second verse that truly resonated.
"If you want to be a singer or play guitar Man you've gotta sweat or you won't get far"
That's how it was, it's not how it is. We saw the Beatles, we all wanted to be one, but the lift for almost all of us was too heavy. We had to learn to play, to write and we needed to be good-looking, we got guitars but most gave up, or turned into hobbyists, but not everyone...
The best song about this is AC/DC's "It's a Long Way to the Top (If You Wanna Rock 'n' Roll)," but art is not a competition, these tracks exist side by side quite nicely, both ultimately coming from the same spot, the same feeling.
But it was the line thereafter that stuck out.
Funny you can know a song by heart and then you hear it again and it reveals itself even further...
"'Cause it's never too late to work nine to five"
YES! You can sell out whenever you want. McDonald's is always looking for workers. Never mind low level office jobs. If you want to give up, go straight, the world is ready for you, you're not losing a step, because if you're working nine to five there's no upward mobility, there's no career. And in truth, most of the English musical stars were facing work in the factory, that kept them focused on their careers. So why not stay the course?
"And if you're young then you'll never be old Music can make your dreams unfold How good it feels to be alive"
I don't feel 68. I was in a Zoom conference with the immunologist yesterday and he mentioned my age and I thought to myself...THAT'S NOT ME! When someone verbalized it, I internalized it, I'm old, how in the hell did that happen.
But I only own one suit. One pair of real shoes. I'm living my fantasy life. Sure, the music business might have moved on, to dreck, but I haven't, nor have so many of my brethren.
And I'm zipping along beyond the speed limit, not a cloud in the sky, enveloped in this wonderful sound and all I could think was how great it was to be alive.
Because someone gave me rock and roll. Maybe God, maybe Ike Turner, we can debate the origin story all day long, but it's here...
Set your alarm for 8:30am ET - If you know me, you know I often get started early in the morning.
Login to the room by 9am ET (It never hurts to be early though)
See you soon,
TBUZ
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I made my mark on Wall Street over the past 20 years by starting my first hedge fund with just $1 million… which I ultimately grew into a series of funds worth more than 200 times that amount.
Along the way I met Presidents Clinton and Obama… have been asked to speak at the most prestigious business schools (like Harvard, Columbia, and Wharton)… and was fortunate to identify some of the best investments in the world, in the very early stages, including…
Netflix when it was $7.78 a share (today it's worth 4,800% more)
It's called TaaS—and if you haven't yet heard of this technological breakthrough, you soon will.
Over the next few years, TaaS will change the way you eat, shop, work, and travel. It will change the value of our homes and where we live. It will radically alter prices for airline and train tickets, gas, and even household goods. It could even help slow the spread of the coronavirus… and help get the American economy moving again.
Along the way, it could make you a small fortune.
Look, this is going to be the biggest trend affecting you and your money over the next few years—yet most Americans don't have a clue.
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P.S. It's not all good news, however. TaaS is going to cause a lot of people to lose money too. Dozens of well-known businesses will go bankrupt. But the truth is, the positive effects of this radical development far outweigh the negatives. Get the facts for yourself. Make sure you're not on the wrong side of this trend. Click here to see my brand-new analysis…
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Welcome back to Sneak. The political pressure builds before everyone blows This Town tomorrow.
⚡Situational awareness: Secretary of State Antony Blinken warned Israeli leaders evictions of Palestinian families from East Jerusalem or further unrest on the Temple Mount could spark renewed "tension, conflict and war," Axios from Tel Aviv author Barak Ravid reported today.
Today's newsletter — edited by Glen Johnson — is 1,499 words, a 5.5-minute read.
1 big thing: Missed deadlines hint at long congressional summer
Sen. Tim Scott. Photo: Stefani Reynolds/Bloomberg via Getty Images
Deadlines are hard to keep in a 50-50 Senate.
Driving the news: Members are gearing up to leave town tomorrow for a weeklong recess, having missed nearly every deadline they set for some of President Biden's biggest legislative priorities. The chamber's precarious balance of power is a big reason.
The state of play: The White House had wanted substantive proposals on police reform and infrastructure completed by the Memorial Day holiday weekend. Neither has happened.
Infrastructure: Democrats and Republicans still seem as far apart as ever on a bipartisan infrastructure bill, despite some GOP senators sending a new counteroffer to the White House today.
The two sides still don't even agree on the definition of infrastructure — with Republicans seeking to limit it to "hard" infrastructure, such as improving roads, ports and bridges, while the White House includes big increases for climate initiatives and child care.
Police reform: During his joint address to Congress, Biden set a goal of completing police reform legislation by Wednesday — the one-year mark since George Floyd's death.
With that deadline now in the rearview mirror, top congressional negotiators are saying — as Sen. Tim Scott (R-S.C.) put it — it's "June or bust" to get it done.
Jan. 6 commission: While it looks like the Senate could still vote at some point tonight on whether to set up a 9/11-style commission to investigate the Capitol insurrection, the measure is likely to fail, bringing lawmakers back to square one on how to move forward.
House Speaker Nancy Pelosi (D-Calif.) has several options she can invoke on her own, including setting up a select commission — but it almost certainly won't be bipartisan.
Schumer's China bill: Senate Majority Leader Chuck Schumer (D-N.Y.) was supposed to get his vote on his China-focused global competition bill before senators jet out of town for recess, but both parties are still haggling over final details.
"It's a big mess right now," Sen. John Thune (R-S.D.) told reporters in the Capitol tonight.
Even this bipartisan measure — which has heavy GOP input — was not without its own drama.
The bill has been held up for hours by Republicans who want to continue debating it. But Schumer is trying to force their hand.
Many lawmakers were hoping it would pass, so they could point to the bill as proof they're actually getting things done in D.C. and can reach across the aisle.
The bottom line: With Memorial Day marking the unofficial start of summer, lawmakers have a lot of required legislating left before their typical August recess.
If this run-up to recess has shown anything, it's that reaching quick resolutions may be aspirational rather than achievable — unless Democrats decide to go it alone and try to force bills into law.
"We're going to have to close this down soon," Biden said today when asked about the ongoing infrastructure negotiations.
Marty Walsh (right). Photo: Al Drago/Bloomberg via Getty Images
A dispute about what Labor Secretary Marty Walsh knew or didn't know before he left Boston for Washington is now threatening one of Biden's more popular Cabinet members, Axios' Sarah Mucha reports.
Why it matters: Rep. Seth Moulton (D-Mass.) has said Walsh should resign if he was aware of past domestic violence allegations facing the Boston police commissioner he appointed before resigning as mayor. Walsh has denied any knowledge, but sworn filings in court are challenging that claim.
Sen. Elizabeth Warren (D-Mass.), whose support could be vital to Walsh keeping his job, recently dodged a question about whether the secretary should resign if he were aware.
The White House declined to comment, although Walsh has continued to be a prominent face for the administration at events and through travel.
Walsh placed White on leave and ordered an independent investigation. A 19-page report detailed the allegations, as well as on-again, off-again support for the probe by the Walsh administration.
What they're saying: Walsh has vehemently denied any foreknowledge.
His supporters say he was duped by the former police commission, William Gross, for whom White served as deputy and who is his close friend.
In a court filing this month, Gross swore under oath that he had informed Walsh of the allegations in 2014.
Suffolk County District Attorney Rachel Rollins, who is being vetted as a potential U.S. attorney for eastern Massachusetts, told a Boston radio station this week that a sworn statement "has to trump somebody just saying, 'Yeah, that never happened.'"
Biden will call for $6 trillion in government spending next year when he unveils his FY2022 budget Friday, as the New York Times first reported.
The big picture: Annual government spending has been rising for years, but it spiked last year because of the nation's coronavirus recovery efforts, Axios' Stef Kight and Hans Nichols report.
Although the most recent OMB data estimated government spending to be $4.8 trillion in 2020, the federal government ended up spending $6.55 trillion when coronavirus relief measures were included, according to USAspending.gov.
By the numbers: Biden's first budget proposal includes his massive infrastructure and education and families plans.
If enacted, it would be the most sustained federal spending in more than 50 years and would drive the federal deficit to more than $1.3 trillion over the next 10 years, according to the Times.
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4. House Democrats attack GOP over bill members also oppose
Illustration: Annelise Capossela/Axios
House Democrats are following the money in a series of new ads hitting Republican opponents of major drug price legislation —but the trail also leads back to their own members, Axios' Lachlan Markay reports.
What's happening: The Democratic Congressional Campaign Committee is accusing House Republicans of doing the bidding of drug industry donors by opposing the bill. Unremarked upon are the House Democrats who've also received money from the industry — and whose opposition is seen as potentially fatal to the legislation.
The big picture: The DCCC leveled the allegations in a new round of digital ads unveiled Tuesday. They take Republicans to task for opposing a bill that would effectively cap drug prices.
The campaign is a response to recent ads by the GOP-aligned American Action Network hitting Democrats for supporting the legislation. The group has received funding from the Pharmaceutical Research and Manufacturers of America, the drug industry's largest trade group.
The DCCC pegged the line of attack to a recent report from the House Oversight Committee, which found the company AbbVie dramatically raised prices for a number of drugs while it hiked executive pay. AbbVie is also a high-dollar contributor to PhRMA.
"Unlike Republicans," the DCCC declared in a news release on its new ads, "House Democrats aren't going to bow down to Big Pharma and will continue fighting to lower the costs of prescription drugs. "
Between the lines: The Democrats are not quite as united as that statement makes it sound. Ten members recently sent a letter to Pelosi expressing concerns about the drug pricing legislation as written.
Democrats currently have an eight-seat majority in the House, meaning 10 defections could doom the legislation.
Of those 10 members, seven got contributions last cycle from PhRMA, according to Federal Election Commission records. Six received donations from AbbVie's political action committee.
The DCCC did not respond to requests for comment about those donations in the context of its new ads.
Be smart: The pharmaceutical industry's D.C. presence is massive, and it gives handily to legislators of both parties.
That provides Democrats and Republicans with plenty of opportunities to knock the other side for cronyism.
It also can leave colleagues vulnerable to friendly fire.
5. Mexico's deadly, deadly campaign comes to a close
The bullet-riddled, armored campaign car of Guillermo Valencia, who's running for mayor of Morelia, Michoacán. He survived a May 8 attempt on his life. Photo: Enrique Castro/AFP via Getty Images
At least 88 politicians have been killed in Mexico and more than 100 report they've been threatened or kidnapped in the run-up to next week's midterm elections, Russell Contreras reports as part of his Axios Latino newsletter produced in c0njunction with Marina E. Franco of Noticias Telemundo.
Why it matters: This Mexican election cycle is already the second bloodiest ever. In 2018, about 140 people involved in politics were murdered.
A municipal candidate, Alma Barragán, was assassinated this past Tuesday during a campaign stop.
Electoral violence, according to experts, comes from organized crime trying to eliminate candidates they think will challenge them or their business, and from politicians trying to get rid of rivals.
By the numbers: 75% of the assassinated politicians were opposition candidates running for state-level office, according to risk analysis firm Etellekt.
It's been estimated that a politician in Mexico is twice as likely as a civilian to be killed, in a country where the murder rate is among the highest in the world.
Around 94% of crimes in Mexico aren't reported to authorities, per the public statistics agency, and of those that are, only 0.9% get solved, according to analyses.
— President Biden, holding a list of Republicans who voted against the COVID-19 stimulus law but have touted its benefits back home.
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In hindsight, we know this was a fantastic time to buy back into the stock market. It marked the end of the worst bear market since the Great Depression.
But if you were an investor back then, it certainly didn't feel that way.
The employment rate in the U.S. fell for another eight months after stocks bottomed in March.
By late October, 10% of the American workforce was out of a job.
But do you know what happened to stocks during those same eight months?
They soared 55%.
The media called it "The Bear Market Rally of 2009."
Instead, it was the beginning of the longest bull market in history.
Almost no one saw it coming – except one young Finance PhD, with an extraordinary track record of accurate market predictions.
He called the peak of the dotcom bubble in 2000. Recommended gold before it soared from $400 to $1,900 an ounce. And even predicted the start of the real estate bubble.
And in March 2009, Dr. Steve Sjuggerud wrote to his followers, urging them to get back into stocks.
He personally put all of his investable assets to work. And doubled his money in 13 months.
For those who followed his prediction, it was an incredible opportunity to get in on the greatest bull market in history.
But Dr. Sjuggerud says that's nothing compared to the opportunity that's right in front of us.
You see, he believes the global pandemic has actually accelerated a financial event that could soon disrupt the stock market.
This opportunity will make millions of average Americans incredibly wealthy.
You could be one of them – but only if you understand exactly what's coming, and what to do with your money to prepare.
You'll also begin receiving Dr. Sjuggerud's free daily email, DailyWealth, where he covers the most important news, trends, and opportunities in the markets to help you make better financial decisions.
Sincerely,
Kelly Brown
P.S. After working with Dr. Steve Sjuggerud for nearly a decade now, I've realized there is simply no one else in America quite like him. He's been featured on Fox Business News, Bloomberg, CNBC… helped ring the bell at the New York Stock Exchange twice… and is in contact with multimillionaires (and even a few billionaires) who want to see what he's doing. In this report, you'll learn about his latest prediction and exactly how it will affect you in the coming months. By accessing this report, you are under no future obligation whatsoever. Get your FREE copy right here.
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Buffet's all in on this "bargain"
Dear Reader,
I just found three stocks that are set to soar—all located in a corner of the market Buffett refers to as "a BARGAIN right now."
Buffet recently shocked the financial world when he shed a bunch of energy, financial, and drug stocks.
And his new focus on this "bargain" sector might surprise you.
But he's not alone in his excitement.
Because some of his fellow wealthy investors are also piling in more than $100 billion into the exact same corner of the market thanks to this.
It's a rare event decades in the making that has likely minted more millionaires than any other investment the last time it took place.
To help everyday investors benefit...
One former Wall Street trader is using his experience as an insider to break down what's taking place.
His identity, the "bargain" corner of the market, and the three stocks that are primed to explode upward are all revealed in his latest video briefing.
Tune in and you may never have to worry about retirement or money ever again.
Bill Spencer Editor and Chief of True Market Insiders
PS . Now that you know America's wealthy are moving their money, you just need to see where and which trades are likely to be the biggest winner. This urgent briefing reveals what they know that you don't...watch it today!
The information contained herein has been prepared without regard to any particular investor's investment objectives, financial situation, and needs. Accordingly, investors should not act on any recommendation (express or implied) or information in this material without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis for their investment decisions. True Market Insiders LLC is not an investment advisor and is not licensed to give specific financial advice. The chairman of True Market Insiders, Chris Rowe, is also the CEO, CIO and owner of Rowe Wealth Management LLC, which is not owned by and is not the owner of True Market Insiders.
Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources believed to be reliable ("information providers"). However, such information has not been verified by True Market Insiders or the information provider and TMM and the information providers make no representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein. TMM and the information provider accept no liability to the recipient whatsoever whether in contract, in tort, for negligence, or otherwise for any direct, indirect, consequential, or special loss of any kind arising out of the use of this document or its contents or of the recipient relying on any such recommendation or information (except insofar as any statutory liability cannot be excluded). Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice. Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation or an offer to buy any securities, commodities or exchange traded products. This document does not purport to be complete description of the securities or commodities, markets or developments to which reference is made.
Unless otherwise stated, performance numbers are based on pure price returns, not inclusive of dividends, fees, or other expenses. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. You should consider this strategy's investment objectives, risks, charges and expenses before investing. The examples and information presented do not take into consideration commissions, tax implications, or other transaction costs.
The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.
Some performance information presented is the result of back-tested performance. Back-tested performance is hypothetical (it does not reflect trading in actual accounts) and is provided for informational purposes to illustrate the effects of the True Market Insiders LLC strategy during a specific period. The relative strength strategy is NOT a guarantee. There may be times where all investments and strategies are unfavorable and depreciate in value. Relative Strength is a measure of price momentum based on historical price activity. Relative Strength is not predictive and there is no assurance that forecasts based on relative strength can be relied upon.
Back-tested performance results have certain limitations. Such results do not represent the impact of material economic and market factors might have on an investor's decision making process if the investors were actually managing money. Back-testing performance also differs from actual performance because it is achieved through retroactive application of a model investment methodology designed with the benefit of hindsight. True Market Insiders believes the data used in the testing to be from credible, reliable sources, however; True Market Insiders makes no representation or warranties of any kind as to the accuracy of such data. All available data representing the full platform of investment options is used for testing purposes.
In December 2008, legendary investor Whitney Tilson explained to 60 Minutes anchor Scott Pelley that there would be a second wave of the U.S. mortgage crisis, but nevertheless the stock market would soar.
Soon after... stocks started the biggest bull market run in U.S. history.
Then, in March 2015, Tilson appeared again on 60 Minutes, this time with Anderson Cooper, and revealed a huge scandal at one of America's largest home-improvement companies.
Soon after, the company's stock price fell nearly 80%.
And that brings us today...
Whitney Tilson – one of the most famous former hedge fund managers in America, who's appeared numerous times on national television to explain major financial news stories – is stepping forward again...
Sam Latter Editor in Chief, Empire Financial Research
P.S. Tilson has met with Presidents Clinton and Obama... attended Warren Buffett's last 21 Berkshire Hathaway meetings in Omaha... and spoken at the country's most prestigious business schools, such as Harvard, Columbia, and Wharton.
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When people think about trading or any other type of investment strategy, the last thing they tend to think of are utility stocks.
They're just not that flashy or sexy, so they don't get as much TV time.
I mean, they typically don't have great stories associated with them. Utilities experience less volatility than the overall stock market most of the time, and aren't exactly known for being high-flying tickers — like FAANG stocks or big tech names.
But even in a bad economy, we still need utilities...
I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you'd like to see rankings for! All you have to do is reply directly to this email with your tickers!
Mid-cap stocks have been trading sideways recently. And I've identified three stocks with recent pullbacks that could bounce back higher.
The gross domestic product (GDP) report was released today and backed the Federal Reserve's stimulus and interest rate actions. Investors have been worried that the economy was running "too hot." Although inflation is present, the report shows that growth for this year's first quarter was not excessive.
The Nasdaq has now traded two straight days above its 50-day moving average and is back in a bullish trend. Futures were slightly down this morning ahead of the GDP report. Large-cap tech stocks are the most sensitive to interest rate moves. I expect the bond market to rally as stocks may find some support from the first quarter economic data.
In today's video, I'll go over the impact of the GDP on the bond market… which index remains neutral… which index is bullish once again… which sectors to stay away from… and the top industrial, engineering and energy stocks right now.
The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
This email was sent to edwardlorilla1986.paxforex@blogger.com by WealthPress LLC
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Millionaire Media, LLC cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing.
Millionaire Media, LLC in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media, LLC accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.
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