- Word on Road by BD
- Posts
- Markets red for the 2nd week ๐
Markets red for the 2nd week ๐
Trump loves bitcoin hates Meta
Make sure youโre subscribed to this newsletter and share it with your friends !
โฐ Read time 5 mins
Link for free access to the discord at the bottom
Whats Moving the markets
๐ Markets red for the 2nd week
The S&P 500 closed red 2 weeks in a row with SPY doing -0.11% this week. We had semis like AMD, AVGO bleeding and also stocks like Meta and TSLA after comments from Trump and analyst downgrades. Bitcoin hit 73k before coming down to as low as 66k. SCARY! In my opinion we need a healthy pull back so no complains from this guy.
The Canadian market TSX gained +0.59% finally outperforming the S&P 500 and just shy from new all time highs. The gains were led by commodities like oil & gold. Good to finally see some strength. ๐จ๐ฆ
S&p 500 performance
weekly TSX performance
๐ Social media posts you might've missed
๐ Trending & hidden gems
US House votes Bill to Ban tiktok or sale to US company
Does he know something we dont??
๐บ๐ธ Trump says Bitcoin is "additional form of currency" with a lot of use.
Michael Burryโs Portfolio
๐ฎ๐ณ India accounts for 78% of equity options contracts traded worldwide
๐จ Whats happening next week
๐จInsider sales
Sells by executives isnโt always a red flag, people can sell for many reasons. But people only buy for one reason. ๐ I share more insider sales in my discord. Bdinvesting.org
Headlines you need to know ๐ฐ
๐ Boeing whistleblower found dead โsuicideโ
John Barnett, a former Boeing employee who had reportedly raised concerns about the company's production issues, was found dead
๐ฐ Dollar tree to close 1000 stores
๐จ Inflation came in at 3.2%
๐ Wells Fargo says Tesla will fall to $44 within the next 12 months
๐ Fisker to go bankrupt, stock down -90% YTD
IBM to replace nearly 8,000 jobs with AI and a reduction of 3,900 positions last year.
Putin Tells State TV Russia Is Ready to Use Nuclear Weapons If Threatened
Dodge is bringing its first all-electric muscle car to market this year, but itโs still planning to give customers the option of a gas-powered engine
APPLE TESTING AI-POWERED AD PRODUCT FOR APP STORE
RUMP: WITHOUT TIKTOK, FACEBOOK WOULD BE BIGGER AND I CONSIDER FACEBOOK 'AN ENEMY OF THE PEOPLE'
A BOEING 737 OPERATED BY UNITED WAS FORCED TO MAKE AN EMERGENCY LANDING AFTER THE PLANE LOST A PANEL MID FLIGHT
โฟ Crypto Corner
Bitcoin at Extreme greed levels, be cautious
Bitcoin hit a high of 73k ๐
Bitcoin surpasses silver to become the 8th largest asset in the world.
MICROSTRATEGY HAS JUST BOUGHT ANOTHER 12,000 BITCOINS FOR $820 MILLION
MICROSTRATEGY NOW OWNS 205,000 BITCOINS IN TOTAL
Vanguard CEO says they will not offer spot #Bitcoin ETFs because "it does not belong in a long-term portfolio" and it's "not a store of value."
El Salvador purchases another #Bitcoin, brining its total to 5,690 worth $397 million.
Oh Canada ๐จ๐ฆ
Recipients of CERB are only now just finding out they were not eligible and must pay thousands of dollars back to the government.
Bank of Canada holds off on a rate cut, per Reuters
Canada's GDP grew by 1.1% between the 4th quarter of 2022 and 2023,
๐จ๐ณ Decrease in Chineese tourists after being accused by Canada
Only 225,100 Chinese visitors came to Canada, down from ~750,000. China removed Canada from list of approved destinations.
๐ก Average rental unit in Canada reached $2,193
Alberta retained the title as the province with the fastest-growing asking prices, which were up a staggering 20%
Economics ๐
CPI comes in at 3.2% YoY
JANET YELLEN: I REGRET SAYING INFLATION WAS TRANSITORY
JANET YELLEN:
DOLLAR HAS ALWAYS BEEN AND WILL REMAIN RESERVE CURRENCY
The odds of the economy tipping into a recession are "very high," as the US is poised to see a wave of unemployment and a major drop in consumer spending. That's according to Joe LaVorgna
Market predicts 99% chance of US rate pause next week March 20
Used car prices have continued to decline sharply. Down another .73% over the last month and are down 10% since June 2023.
BD investing Discord ๐ฅ
This week we went 3/3 on our trades. ๐
14/03 TSLA 160 P 50% โ runner 136%
14/03 MSFT 440 C 50%โ runner 99%
13/03 XLE 93 C 60% โ runner 80%
Make sure to go checkout my website. bdinvesting.org
Meme Spot ๐คฃ
inflation