World war 3 & Costco gold

Office vacancies hit all time highs

Author

Bilaal Dhalech
April 12, 2024

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⏰ Read time 5 mins

 Whats Moving the markets 
❌ World war 3? Up, down, up ,down market

Staring Episode 2 GIF by The Office

investors are tired

The S&P 500 closed red with SPY doing -1.62% this week. The market pumped then dumped on high inflation then pumped on PPI then dumped on Friday because of tensions in the middle east. Sighhhh give me a break.

The Canadian market TSX pulled back -1.68% after hitting all time highs momentarily. 🇨🇦 

GOOG and AAPL led , Meta, AMD & JPM dumped

A good time to buy is when this goes to Fear/Extreme fear

🚀 Social media posts you might've missed

World war 3 & inflation will crash the market? Whos hiring? & Nofrills phone plans

Listen to this episode from BD Investing Radio- Canadian & US stock market on Spotify. Inflation came higher this week, BD also talks about stocks he bought and BDs prediction on where the stockmarket will go. BD also talks about how to find a job  

open.spotify.com/episode/2uhyPw9SMMB3bLVVpt8aKA?si=8MCFW3tnQLq7uTAQhV0KNg

🔎 Trending & hidden gems
  🔥 CPI inflation comes higher 3.5%, FEDs confused

Feds predicting 2 rate cuts ,dropped from 3 this year

 🇺🇸 Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates

Its reported gold bars are sold out now at Costco

 🚀 Uber Eats is piloting a TikTok like video feed

Auto insurance is sky rocketing

 🇺🇸 Biden Administration is canceling $7.4 billion in student debt

🇺🇸 Stubhub eyeing going public this summer

Stubhub sells tickets online & has valuation of at least $16.5 Billion

🚨 Whats happening next week

🚨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 📰
 💀 Google Launching AI photo eraser

Magic Eraser, which removes unwanted objects from photos

🚙 Tesla just lowered its monthly subscription for FSD

Full Self-driving (FSD) to $99 per month down from $199 a month

🚨 Iran warns U.S. to stay out of fight with Israel

The reason the market had a sell off today. US would have to aid Israel

 📈 Jamie Dimon says interest rates could hit 8%

CEO of JPMorgan

💀 U.S office vacancies hit record high of +19.8%

₿ Crypto Corner

Bitcoin at Extreme greed levels, be cautious

  • I am currently waiting for bitcoin to go to 60k before I buy the dip

  • Hong Kong set to approve spot #Bitcoin & Ethereum ETFs by Monday, Bloomberg reports.

  • BlackRock launches #Bitcoin ETF advertising campaign on Bloomberg's homepage.

  • GBTC used to have 619K bitcoin on Jan 10. Three months later it is down to 314K.

  • $855 million liquidated from the crypto market in the past 24 hours.

Oh Canada 🇨🇦

  •  $59.2 million Box office revenue Cineplex made in March

  • BoC pauses interest rates at 5%

  • Scotiabank to expand in Brazil.

  • CFO of RBC was fired after an investigation revealed that she had an undisclosed relationship with another high-ranking employee.

 ❌ Toronto office vacancies hit 13%+

📞 No name aka Nofrills launches their own phone plan

Looks like Telus, Bell & Rogers got competition

Economics 📊

  • CPI comes in at 3.5%

  • U.S auto insurance rates up +22% YoY. Biggest 1-year spike since 1976.

  • U.S 10-year yield hit +4.54%, the most since November 2023

  • US 30-year average mortgage rates hit 7% again

  • US gas prices +16% so far this year ($3.71/gallon)

  • Average interest rate on US credit card balances now 21.6% (Highest rate since data started in 1994)

  • Interest rate futures pricing in 13% chance of ZERO rate cuts this year. Now only 2 cuts expected in 2024. This is down from 7 cuts projected just a few month back.

    Peoples only hope to escape the high cost of living is to win the lottery

Car insurance was the driving factor for higher inflation

BD investing Discord 👥

This week we went 2/2 on our trades. 🚀 

12/04 SLV 27 C 85% ✅

12/04 INTC 33 P 35% ✅ went 60%

Make sure to go checkout my website. bdinvesting.org 

Meme Spot 🤣