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 _{^{Whats Moving the markets}} 
🤣 Bears get no Love on V-Day

Another crazy week filled with earnings & economics! The S&P 500 closed -0.42% even after the inflation report that dumped the markets on Tuesday. Surprisingly the market held. Bears really thought this was the start of the market crash… hopefully they’re not right, because even i’m seeing some red flags. ( Scroll down to see )

The Canadian market TSX gained +0.95% . The gains were led by oil giants like CVE, CNQ, SU & Manulife !

🥵 Michael Burry aka Mr. Big Short closes short position

In Burry's Q3'23 filing, he made headlines by betting against the Semi-conductor industry via puts of $47m on $SOXX which holds NVDA & AMD. In his recent filings he disclosed that he closed this position. The exact buy/sell dates aren't known, but $SOXX was up 16% in Q4'23 and that could mean more then 50% loss on his puts.

🚀 Social media posts you might've missed

🔎 ^{_{Earnings & hidden gems}}
  Jeff Bezos has sold $6 billion in AMZN stock the past week.

 🇺🇸 Buffet cuts APPLE holdings by 1.09% (10M shares)

Stellantis, parent company of Jeep adopts Tesla’s charging port.

🚨Insider sales

Sells by executives isn’t always a red flag, people can sell for many reasons. But people only buy for one reason. 👀 I share more insider sales in my discord. Bdinvesting.org 

^{_{Headlines you need to know}} 📰
 ❌ Market no longer expects a rate cut in March or May after inflation report

🚙 Lyft pumps 64% then dumps after CEO corrects earnings error

🕹️ Google leads in AD revenue

💰COCA-COLA $KO JUST RAISED ITS DIVIDEND FOR THE 62ND YEAR IN A ROW

Coca-Cola declared a quarterly dividend of $0.485 per share up from $0.46 per share. Warren Buffett and Berkshire own 400M shares of $KO meaning they're about to get a $194M quarterly dividend check from just its Coca-Cola holdings.

💀 Japan falls into a recession due to weak domestic consumption

🚨Economies currently in recession

• 🇩🇰 Denmark

• 🇪🇪Estonia

• 🇫🇮 Finland

• 🇯🇵Japan

• 🇱🇺 Luxembourg

•  🇲🇩 Moldova 

•  🇵🇪 Peru 

•  🇮🇪Ireland

•  🇬🇧United Kingdom

• Cisco Systems announced it will cut 5% of its workforce, over 4,000 jobs

• SpaceX has officially filed to relocate its incorporation from Delaware to Texas

• AAPL to introduce an AI-powered coding assistant to complete parts of code , based on the first lines written by a developer

• Uber Technologies said on Wednesday it will buy back up to $7 billion worth of company shares

• ROKU surpasses 80M accounts and 100B in streaming hours

• Activist investor Carl Icahn reported a nearly 10% stake in Jet blue

₿ Crypto Corner

• Bitcoin hit 53k

• Bitcoin regains $1 trillion market cap as the cryptocurrency hits over two-year high

• BlackRock & Fidelity now hold 191,657 $BTC worth over $10 billion for their spot #Bitcoin ETFs.

• Michael Saylor says MicroStrategy is "now a #Bitcoin development company

• Federal Reserve Governor says "I don't want banks holding large amounts of #crypto ETFs."

Oh Canada 🇨🇦

• Canadian Tire Corp. Ltd. reported a 68% decline in Q4 profit due to economic challenges and unusually mild weather, impacting consumer spending.

• Bank of Canada to Halt Its QT Program Within Months, RBC Says. They could start QE aka printing money soon.

• Ikea Canada is cutting prices on over 1,500 products due to high inflation

• Canada added 37,000 jobs in January, surpassing expectations, mostly due to and increase in part time jobs.

• CPA Canada cuts 20% of workforce ahead of split with Ontario and Quebec

• Canada Faces Skilled-Labor Shortage in Home-Construction Sector

• Canada Construction Apprenticeships Have Dropped Below 2010 Levels

• 9,317 Immigrants who were sent deportation letters between 2016 and May of last year that are still in Canada

• Makers of COVID-19 protective equipment seek over $5 billion in damages from Ottawa

• 18,000. Metric tonnes of EV battery materials GM and Panasonic have each agreed to buy annually over the next six to seven years from Québec producer Nouveau Monde Graphite. $nou.V

Toronto Uber,Lyft & Dash drivers go on strike, calling for more fair pay, better work conditions

Restaurants Brands expects to have 40,000 restaurants, $60B in sales by 2028

Economics 📊

• Mortgage rates surge higher again in US, causing homebuyers to pull back

• CPI comes in at 3.1% YoY

• RENT IS CONTRIBUTING TO INFLATION ONCE AGAIN. IN JANUARY, THE SHELTER INDEX, WHICH INCLUDES RENT, INCREASED BY 0.6%, FOLLOWING A 0.4% RISE IN DECEMBER

🚩 Market Red Flags

Now i’m a very optimistic & bullish investor but even I have to take a step back and assess the market.

1. Fear and greed index has reached extreme greed

2. Extreme insider selling. Billions sold by Bezos, Zuckerberg and other CEOs. AMZN, META, PLTR, COIN, ABNB & AAPL just to name a few.

3. Stocks over-valued. NVDA & AMD’s p/e ratio are 3 digits & are forming a tech bubble.

4. VIX has been below 14 for months. A healthy level is around 20. Treasury yields also very volatile on any economic news.

5. Feels like a recession, looks like a recession but no recession? New layoffs almost every week.

   

   The next 6 weeks not great for stocks

BD investing Discord 👥

Link to Join Discord. First 10 only.

This is the free version and does not give you access to trade signals.

This week we went 4/5 on our trades. 🚀 

02/12 Mara 30C 60%✅ 80% runner

02/12 Abnb 170C 84%✅ 120% runner

02/13 TSLA 195C -80%❌

02/15 TSLA 220C 75%✅

02/15 SQ 80C 77%✅

Make sure to go checkout my website. bdinvesting.org 

Meme Spot 🤣