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Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:President Trump’s choice to replace Janet Yellen as Fed ChairThe Fed’s rate decision, and what to look for in DecemberHow Sami Abusaad scored over $12K in a single tradeAnd more!So check out these links right now and get up to speed:1) Trump to Tap Fed’s Jerome Powell for Fed Chairman (Wall Street Journal) The White House has notified Federal Reserve governor Jerome Powell that President Donald Trump intends to nominate him as the next chairman of the central bank, according to a person familiar with the matter.Read the Story ==>2) Fed holds off on rate hike, opens door to December (CNBC) The Federal Reserve declined to raise interest rates at its policy meeting this week and said the late-summer hurricanes likely will not have much longer-term impact on overall economic activity. There was little in the post-meeting statement Wednesday to indicate that the Fed would hold off on raising rates again soon.Read the Story ==>3) Sami Abusaad: $12K+ in 1 Profit in 1 Day with Nautilus (T3 Live) In this special video, Nightly Game Plan Moderator Sami Abusaad takes you through an Earnings Play in fitness equipment company Nautilus (NLS). On Monday, October 30, Sami went short Nautilus at $16.35, just ahead of earnings. Sami got out Tuesday morning at $13.00 for a $3.35 per share profit. Continued Reading ==>4) Facebook Tops Sales Projections While Russia Ad Inquiry Unfolds (Bloomberg)Facebook Inc. reported another quarter of record sales, underscoring how far removed the social network’s business prospects are from the raging public debate about Russian political ads on its platform.Continued Reading ==>5) What’s the Economic Cost of Brexit? (Pineapples Tell a Tale) Britain is increasingly grappling with the bewildering economic consequences of its pending departure from the European Union. For one company, Nim’s Fruit Crisps, the impact is measured in the soaring cost of pineapple.Continued Reading ==>6) Catalonia: Puigdemont ‘will not return’ to Spain for questioning (BBC)Sacked Catalan leader Carles Puigdemont will not return to Spain to answer charges including rebellion, his Belgian lawyer has said. Speaking to the Associated Press, Paul Bekaert suggested Mr Puigdemont should instead be questioned in Belgium where he has been since Monday.Continue Reading ==>7) Options in Play: An Event-Driven CELG Trade (T3 Live) Earnings season is packed with opportunity if you know where to look. CELG came into the quarter reeling from a 1-2 punch of a downgrade and drug trial setback. There was reason to believe the stock still had room to move (either way), however, so we thought it set up well for a strangle into numbers.Continue Reading ==>8) Luxury auto brands are scrambling to avoid a blue Christmas (NPR) When financial markets surge to new records, sales of luxury cars usually rise, too. Instead, October U.S. auto sales reports on Wednesday showed that a collapse in sales of luxury sedans is accelerating.Continue Reading ==>9) The Dangerous Reason Why Bitcoin Just Hit Yet Another New High (Fortune)Bitcoin just keeps on rising in value. Just more than a week after breaking $6,000 for the first time, the Bitcoin price reached another new high of $6,300 a few days ago, and is now on track to set a new all-time record for the fourth day in a row. Continue Reading ==> 10) Hilde Lysiak, Reporter, Author, 10-Year Old (NY Times) The first book in the “Hilde Cracks the Case” series opens with 9-year-old Hilde Lysiak outside her local police station in the town of Selinsgrove, Pa., following up on a tip about a break-in on Orange Street. The on-duty officer refuses to divulge any information, but if she’s going to break the story in her newspaper, The Orange Street News, she has to investigate using six basic reporting questions: Who? What? Where? When? Why? How? Continue Reading ==>
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Can Apple Overcome iPhone 8 Rumors?Amazon Putting Packages In Your Home When You’re Not ThereHow Changing the World Starts With Making Your BedAnd more!So check out these links right now and get up to speed:1) Scott Redler: Can Apple Overcome iPhone 8 Rumors? (T3 Live) There is lots of talk about soft demand for Apple’s (AAPL) iPhone 8. There are also rumors that they will run short on iPhone X supplies. So let’s focus on the technicals.Read the Story ==>2) Amazon Can Soon Put Packages in Your Home When You’re Not There – Here’s How it Works (Business Insider) Amazon will now allow deliveries inside your home when no one’s there. It’s part of the new Amazon Key program announced on Wednesday. To participate, customers need to be Amazon Prime members and own some special equipment, including a compatible smart lock and a security camera specially made for the program.Read the Story ==>3) Jeff Cooper: The End of the Volatility Fire Sale (T3 Live) The SPX went flat Tuesday, unable to rally back to prior day’s highs. It appears there is a lot of shorting just as big mutual funds try to keep this leviathan levitating into their October 31 fiscal year-end.Continued Reading ==>4) How A Two-Person Montana Company Ended Up With The Biggest Energy Contract In Puerto Rico (BuzzFeed News)Ten miles south of Whitefish, Montana, a paved road turns into gravel, before turning into forest. On one side, there’s a small horse farm. On the other, signs read “Private Property” and suggest the area is being patrolled in order to prevent poaching. At the end of a long private drive lined with towering pines, an RV is parked on the grass in front of a log and stone cabin.Continued Reading ==>5) US New Home Sales Soar to Highest Level in a Decade (U.S. News) Sales of new U.S. homes jumped last month to the highest level since October 2007, a sign that Americans — unable to find existing homes — are turning to new construction. Damage from last month’s hurricanes may have also inflated the data.Continued Reading ==>6) Google and Cisco Have Teamed Up in the Cloud Wars Against Amazon and Microsoft (Business Insider) Google Cloud has signed a partnership with Cisco to bridge their two technological worlds, in a bid to catch up with Amazon Web Services and its domination of the fast-growing cloud computing market.Continue Reading ==>7) 32 Stocks I’m Watching for Earnings Season (T3 Live)In this special video, Nightly Game Plan Moderator Sami Abusaad walks you through his earnings season swing trading watchlist. With volatility so low, not many trades triggered this week, so Sami’s going to take you through the 32 stocks Sami is watching for potential opportunities this earnings season:Continue Reading ==>8) Honolulu’s ‘Distracted Walking’ Law Takes Effect, Targeting Phone Users (NPR) Police in Honolulu on Wednesday will begin writing tickets for people who get distracted by their cellphones while walking in a crosswalk. Honolulu is the first major city in the country to pass such a law, citing a high rate of pedestrians being hit in crosswalks.Continue Reading ==>9) Will Facebook Kill All Future Facebooks? (Wired)In 2010, FOURSQUARE co-founder Naveen Selvadurai believed that his company, and several other social-media upstarts—Twitter, Tumblr, Path—could carve out successful niches against Facebook.Continue Reading ==> 10) One of the Most Motivational Speeches You’ll Ever Hear (YouTube) Watch this video and learn how the simple task of making your bed can set you up for success.
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Why Hayman Capital Management’s Kyle Bass sees parallels with 1987The widespread belief that volatility is dead10 tips for success from Apple (AAPL) founder Steve JobsAnd more!So check out these links right now and get up to speed:1) Kyle Bass says this will be the first sign of a bigger market meltdown (MarketWatch) The stock market may never go down again. Maybe not such a far-fetched notion, when you consider the Dow industrials yesterday nailed its 50th record close of the year and paid a visit to the 23,000 milestone, which it looks set to revisit and maybe stick to today.Read the Story ==>2) Traders have never been more confident that volatility is dead (Business Insider) Traders have never been so sure that volatility in US stocks is over, at least looking one month ahead. Nothing quite demonstrates that mindset more than the chart below.Read the Story ==>3) How Implied Volatility Works (T3 Live) If you don’t understand implied volatility, you don’t understand options. Period. Read this article and learn how implied volatility impacts the price of an option.Continued Reading ==>4) China’s Xi lays out vision for ‘new era’ led by ‘still stronger’ Communist Party (Reuters)Chinese President Xi Jinping on Wednesday laid out a confident vision for a more prosperous nation and its role in the world, stressing the importance of wiping out corruption and curbing industrial overcapacity, income inequality and pollution.Continued Reading ==>5) Bitcoin is a ‘speculative bubble’ and unlikely to become a real currency, UBS says (CNBC) Cryptocurrencies like bitcoin are in a “speculative bubble” and are unlikely to become mainstream currencies, according to UBS. There are over 1,000 cryptocurrencies, bitcoin being the biggest by market capitalization, and many have seen huge rises in value over the past few years. Bitcoin for example is up over 470 percent year-to-date.Continued Reading ==>6) Treasury secretary: Pass a tax bill or markets will tank (Politico) Steven Mnuchin has a stern warning for Congress: You could blow up the stock market if you fail to cut taxes. The Treasury secretary said Wall Street’s big run-up following the election of President Donald Trump is largely based on expectations of Congress passing a major tax-relief bill, and failure to do so could have significant consequences.Continue Reading ==>7) 6 Tips for Picking the Right Stocks for Day Trading (T3 Live) You can spend years learning about moving averages, gaps, trendlines, and indicators. But if you’re day trading the wrong stocks, you’re setting yourself up for failure. If you ever find yourself asking yourself “what should I trade now,” then this article is for you.Continue Reading ==>8) Volvo Prepares to Take on Tesla with a Revamped Polestar (Wired) Volvo is in the midst of a reincarnation. The Swedish automaker is leaving behind its former life as the maker of super safe, super boxy wagons, and embracing an existence dedicated to technological prowess, electric propulsion, and svelte design.Continue Reading ==>9) Google’s AI can create better machine-learning code than the researchers who made it (TNW)Google’s AutoML system recently produced a series of machine-learning codes with higher rates of efficiency than those made by the researchers themselves. In this latest blow to human superiority the robot student has become the self-replicating master.Continue Reading ==> 10) Get Steve Job’s 10 Rules for Success (YouTube) Watch this video and learn 10 important rules for success from Apple (AAPL) founder Steve Jobs, including why you must have passion for what you do.
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:The message from the Fed in today’s Meeting MinutesWhat the incredible passive investing/ETF boom means for tradersTips for success from billionaire Richard BransonAnd more!So check out these links right now and get up to speed:1) Fed Inflation Debate Finds Some Officials on Rate-Hike Fence (Bloomberg)Federal Reserve officials held a detailed debate last month over whether forces holding inflation down were persistent or temporary, with several policy makers looking for stronger evidence of price gains before supporting a third interest-rate hike this year.Read the Story ==>2) Vanguard is nearing the $5 trillion milestone — but here’s where the rush could end (MarketWatch) Given how this market shakes and shakes it off, another record for the Dow may well be in the offing. It’s no secret, then, that this can’t-go-wrong bull market has pumped up the demand for low-cost, passive mutual funds and ETFs.Read the Story ==>3) 9 Tips for Picking the Right Stocks for Swing Trading (T3 Live) As a swing trader, one of the most important decisions you’ll every make is choosing which stocks to trade. You can learn all the winning setups in the world, but if you trade the wrong stocks, you’re going to lose money.Continued Reading ==>4) Spain takes step toward direct rule over Catalonia’s independence move (Reuters)Spanish Prime Minister Mariano Rajoy took the first step on Wednesday toward suspending Catalonia’s political autonomy and ruling the region directly to thwart a push for independence.Continued Reading ==>5) Ethereum First: Investment Product Opens for Trading on Nasdaq Exchange (CoinDesk) A first-of-its-kind investment product focused on ethereum is now open to investors on the Nasdaq Stockholm exchange. Announced today, CoinShares, headed by former JPMorgan Chase trader Daniel Masters, is launching an exchange-traded note (ETN) for ether, the cryptocurrency that powers the ethereum blockchain.Continued Reading ==>6) FX Markets Are Stuck in Low-Volatility Quicksand With No Escape (Bloomberg)Currency markets are trapped by low volatility and only a fundamental break of historic proportions can shake them free. Foreign exchange trading has become significantly less responsive to shocks, and when currencies do react it typically isn’t long before they go calm again, according to a study by Bank of America Corp.’s Alice Leng.Continue Reading ==>7) 8 Interviews with 8 Top Traders (T3 Live) One of T3 Live’s most successful content features has been our “Meet the Traders” series, which gives you the backstories of our top traders and educators.Continue Reading ==>8) Investors giving ‘cash incineration engine’ Tesla a lot of rope, but may soon lose patience (CNBC) Tesla shares have crushed the market’s performance for years, but patience is starting to run thin among some investors after Chairman and CEO Elon Musk’s too ambitious Model 3 production goals.Continue Reading ==>9) Market Wizard Tony Saliba on Options Trading (HowMuch.com)The Market Wizards books blew my mind. The original book was one of the first ones I read on trading when I jumped into the industry in 1998. And Tony was the only options trader profiled.Continue Reading ==> 10) Tips for Success from Billionaire Richard Branson (The Tim Ferriss Show/YouTube) Podcaster Tim Ferriss sits down with billionaire Richard Branson for a wideranging discussion on everything from coping with dyslexia, PR stunts, and even Bitcoin.
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today?We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:The latest twist in the Fed’s rate policy adventureThe danger of individual investors are jumping into stocksWhy the $1,000 iPhone X may actually be cheapAnd more!So check out these links right now and get up to speed:1) Fed Signals Another 2017 Rate Hike, Asset-Shrinking to Start Next Month (Bloomberg)Federal Reserve officials set an October start for shrinking their $4.5 trillion stockpile of assets, moving to unwind a pillar of their crisis-era support for the economy. They continued to forecast one more interest-rate hike later this year, saying storm damage will have only a temporary impact on the economy.Read the Story ==>2) The masses are going all-in for stocks, and that’s not a good thing (MarketWatch) The latest Wells Fargo/Gallup Investor and Retirement Optimism Index hit 138 in September, its highest level in 17 years. That was in September 2000, when investors still couldn’t shake their denial that the bull market of the 1990s was over.Read the Story ==>3) Tim Cook says the $1,000 iPhone X is a ‘value price’ – and he’s right (Boy Genius Report)The iPhone X represents a number of firsts. The iPhone X is the first iPhone in history to incorporate facial recognition. The iPhone X is also the first iPhone to do away with the home button, a staple of every single iPhone since the beginning. And economically, the iPhone X is the first iPhone to ever break the $1,000 threshold.Continued Reading ==>4) From Russia with fuel – North Korean ships may be undermining sanctions (Reuters)At least eight North Korean ships that left Russia with a cargo of fuel this year headed for their homeland despite declaring other destinations, a ploy that U.S. officials say is often used to undermine sanctions.Continued Reading ==>5) Merkel warned Germany needs a policy rethink to keep economy growing (CNBC)Angela Merkel is likely to win a fourth term as chancellor after a national election on Sunday but business leaders are already warning her that the next government must implement growth-friendly policies to ensure Germany remains the euro zone’s largest economy.Continued Reading ==>6) Ray Dalio, the Steve Jobs of Investing (Tim Ferriss Blog)Ray Dalio (@raydalio) grew up a middle-class kid from Long Island. He started his investment company Bridgewater Associates out of a two-bedroom apartment at age 26, and it now has roughly $160 billion in assets under management.Over 42 years, he has built Bridgewater into what Fortune considers the fifth most important private company in the U.S.Continue Reading ==>7) Why You Need to Know the Only 4 Stages of Market Movement (T3 Live) If you want to be an expert swing trader, then you have to understand the Foundation of stock movement, broken down into 4 clear stages:AmbivalenceGreedIndecisionFearContinue Reading ==>8) Bitcoin’s Parimutuel Problem (Or Why Shorting Doesn’t Pay Today) (CoinDesk) When the price of bitcoin plunges — as it did last week — seasoned investors are caught in a market that doesn’t exactly have the mechanisms they’re used to. Case in point, hedging long positions, is today a difficult prospect. Unlike most traditional stocks, where investors can open a margin account with their broker that allows them to short most shares, the tools in bitcoin are few and far between.Continue Reading ==>9) What Makes a Great Trader? An Interview with Jack Schwager (CFA Institute)If you peruse the Wikipedia entries that describe some of the world’s great investors, you’ll often find that they share a common footnote: a series of books entitled “The Market Wizards” which feature Jack Schwager’s profiles of a number of successful traders.Continue Reading ==> 10) How to Get Out of Your Own Head and Take Action (YouTube) In this video, author Mel Robins shows you how to stop worrying about your troubles, and start taking action.
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Why Apple May Have Pulled Off a Genius Move with the $1,000+ iPhone XAn important lesson learned from superstar money manager Seth KlarmanHow T3 Live’s Jeff Cooper spotted a home run trade in Fairmont Santrol Holdings (FMSA)And more! So check out these links right now and get up to speed: 1) Don’t laugh — that $1,000 iPhone could be a genius move for Apple (MarketWatch) Is the $999 price tag for the iPhone X too high? Some people clearly think so. They think Apple has finally overreached. They think this thing could be Tim Cook’s folly. Apple stock, which had risen on news of the new cellular Apple Watch, slid after the high-end phone was unveiled. Read the Story ==> 2) Markets Are Hard: Seth Klarman Edition (A Wealth of Common Sense) Klarman isn’t as well known to the general investing public as some of his peers but his track record ranks right up there in terms of the greatest of all-time. When someone like Klarman makes these types of warnings it’s hard to ignore. Read the Story ==> 3) Secrets of Successful Speculation: Riding the FMSA Rocket (T3 Live) A trader’s job is to narrow one’s field of vision and cull for the very best setups: the more one tries to see, the less one sees. In this game, there is so much going on that it’s easy to get overwhelmed. As the old saw goes, less is more. Continued Reading ==> 4) Top House Tax Writer Says Overhaul Framework Coming Week of Sept. 25 (Bloomberg) Kevin Brady, the chief House tax writer, told the chamber’s Republicans that White House advisers and congressional leaders working on a tax plan will release a framework the week of Sept. 25. Specifics, including such basic matters as where to set the corporate tax rate and how to set up individual tax brackets, have yet to emerge. Continued Reading ==> 5) Brazil police detain JBS CEO Batista on suspicion of insider trading (Reuters) Brazil’s federal police on Wednesday detained the chief executive officer of JBS SA, the world’s No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year. Continued Reading ==> 6) Pandit Says 30% of Bank Jobs May Disappear in Next Five Years (Bloomberg) Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years. Artificial intelligence and robotics reduce the need for staff in roles such as back-office functions, Pandit, 60, said Wednesday in an interview with Bloomberg Television’s Haslinda Amin in Singapore. Continue Reading ==> 7) 9 Ways to Destroy Your Account with Options (T3 Live) Options trading is fun. Options trading is sexy. And options trading can destroy your account if you don’t know what you’re doing. Continue Reading ==> 8) Why Is North Korea So Interested in Bitcoin? (FireEye) In 2016 we began observing actors we believe to be North Korean utilizing their intrusion capabilities to conduct cyber crime, targeting banks and the global financial system. This marked a departure from previously observed activity of North Korean actors employing cyber espionage for traditional nation state activities. Continue Reading ==> 9) U.S. middle-class incomes reached highest-ever level in 2016, Census Bureau says (Washington Post) The incomes of middle-class Americans rose last year to the highest level ever recorded by the Census Bureau, as poverty declined and the scars of the past decade’s Great Recession seemed to finally fade. Continue Reading ==> 10) Miami Nun Uses Chainsaw to Remove Downed Trees (CBS Miami via YouTube) Hurricanes Harvey and Irma did untold amounts of damage to countless families. But it’s also brought out the best in Americans all across the country, as everyday people step up to help their neighbors. In this video, watch a nun pick up a chainsaw to clear trees in her Miami neighborhood. As a YouTube commenter pointed out, she wasn’t exactly following chainsaw safety protocol, but it’s heartwearming nonetheless…
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:The retirement of Fed Vice Chair Stanley FischerWhat the iPhone will change about smartphones foreverHow a Navy SEAL commander thinks you should start your dayAnd more! So check out these links right now and get up to speed: 1) Fed Vice Chairman Fischer Resigns, Says Economy Is Stronger (Bloomberg) Federal Reserve Vice Chairman Stanley Fischer has resigned effective on or around Oct. 13 after serving three years at the U.S. central bank. Fischer, 73, was appointed to the Fed by President Barack Obama in 2014 to a term as vice chair that would have expired in June 2018. He cited “personal reasons” in a Sept. 6 resignation letter to President Donald Trump, released Wednesday by the central bank. Read the Story ==> 2) Kohl’s is the latest retailer to partner with Amazon, selling Echo devices in its stores (CNBC) Add Kohl’s to the list of brick-and-mortar retailers signing deals with Amazon. The department store chain unveiled plans on Wednesday to roll out a “smart home experience” in 10 stores, ahead of the holiday shopping season. Read the Story ==> 3) Scott Redler’s Chart Attack: SPX, QQQ, IBB, AAPL, NFLX, TSLA (T3 Live) T3 Live Chief Strategic Officer Scott Redler breaks down 6 key charts so you can understand how he’s reading the rocky market action. Continued Reading ==> 4) A legendary volatility pioneer says one of the market’s hottest trades is like ‘betting on the roulette’ (Business Insider) One of the market’s hottest trades this year has involved betting on stocks to sit still. The wager in question is shorting the CBOE Volatility Index, or VIX, and many investors are big fans. Following a recent short-term increase in the VIX, traders added almost $400 million of exposure to the trade. One guy — a former manager at Target — says he’s made millions betting against the VIX. Continued Reading ==> 5) Three things that will never be the same after the iPhone 8 (The Verge) Apple, like everyone else, sometimes takes multiple iterations to complete its most ambitious goals. But as we face up to the culmination of another year of hyped-up iPhone speculation, I do see three particular ways in which the iPhone 8 (or whatever Apple calls its new flagship) will indeed be the harbinger of massive and irrevocable change. Continued Reading ==> 6) Hurricane Irma batters Caribbean as Florida braces for weekend landfall (Reuters) Monster Hurricane Irma slammed across islands in the northern Caribbean on Wednesday, packing a potentially catastrophic mix of pounding winds, raging surf and rain en route to a possible Florida landfall this weekend. Continue Reading ==> 7) 7 Ways to Be Just Another Failed Trader (T3 Live) Do you want to fail as a trader? Do you want to miss your next mortgage payment? Or pull your daughter out of private school because you can’t make tuition next month? Well you’re in luck! Because we’ve got 7 surefire tips for failing as a trader. Continue Reading ==> 8) The ‘demonetized’: YouTube’s brand-safety crackdown has collateral damage (Digiday) This past May in New York City, YouTube held a summit for its top 100 or so video personalities, individuals and networks. It was a chance for these creators to get face time with senior YouTube executives and discuss what was happening on the video platform. One issue that some attendees felt YouTube needed to address: declining ad revenue. Continue Reading ==> 9) Putin Rejects Cutting Off Oil to North Korea (NY Times) President Vladimir V. Putin of Russia said his country opposed cutting off oil supplies to North Korea as part of new sanctions being considered in the wake of the country’s latest nuclear test, according to official accounts of his meeting Wednesday with President Moon Jae-in of South Korea. Continue Reading ==> 10) Life Advice from a Navy SEAL Commander (YouTube) Retired United States Navy Admiral William H. McRaven, a former Navy Seal has 10 tips to help you make the world a better place. And it starts with making your bed every day:
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:Why gold may no longer be the safe haven you think it isApple’s plans to lock you in its iOS ecosystemHow Hurricane Harvey is bringing out the best in some peopleAnd more! So check out these links right now and get up to speed: 1) Why Gold Is Less of a Haven These Days (Bloomberg) Having waited patiently for the “any-minute-now” moment, gold investors are taking comfort from the recent rise in price in response to geopolitical tensions. Yet the responsiveness of gold, as well as the overall price, appears weaker than would have been expected from historically based models — and for understandable reasons. Read the Story ==> 2) Trump hits road to tout tax reform as helping workers (Reuters) President Donald Trump will turn his signature populist rhetoric toward tax reform on Wednesday in a speech expected to tout tax cuts as a way to help workers and the middle class in an economy “rigged” against them, senior White House officials said. Read the Story ==> 3) Scott Redler’s Chart Attack: SPX, QQQ, TSLA, BABA, and AAPL (T3 Live) T3 Live Chief Strategic Officer Scott Redler breaks down 5 key charts so you can understand how he’s reading the market action at a confusing juncture. Continued Reading ==> 4) This is Apple’s long game to ‘trap’ you inside the iPhone (Boy Genius Report) No matter how much greener the grass might get on the other side, I’m certain I’ll never leave the iPhone/Mac ecosystem. I have everything I need inside iOS/macOS that switching to other operating system seems like a very bad idea. Like me, there are millions of other people, and it looks like Apple is really interested in extending the iPhone “trap” for as long as possible. Continued Reading ==> 5) Top Analyst: Amazon is about to take off (CNBC) A widely followed research analyst said Amazon’s acquisition of Whole Foods Market will add to the e-commerce giant’s bottom line, quickly. In his first note to investors since the buy-out of the organic grocery chain became official on Monday, Mark Mahaney of RBC Capital Markets raised his estimate for Amazon’s 2018 profit by 10 percent. Continue Reading ==> 6) What Getting Punched in the Face Taught Me About Trading (T3 Live) On August 26, 2017, Conor McGregor and Floyd Mayweather squared off in the biggest combat sports spectacle of all time. To celebrate this historic sporting event, T3 Live’s Ifan Wei, a former collegiate boxer, will teach you a simple boxing lesson that directly applies to trading. Continue Reading ==> 7) Traders are no longer impressed by the biggest driver of stock market gains (Business Insider) The stock market is becoming a victim of its own success. Even when companies turn in impressive earnings reports, that strength isn’t translating to higher stock prices. Continue Reading ==> 8) Nation’s largest oil refinery forced to shut down as Harvey floods Port Arthur (CNBC) The largest oil refinery in the country is shutting down as Hurricane Harvey causes more catastrophic flooding.Early Wednesday, Motiva said it started closing its Port Arthur refinery “in response to increasing local flood conditions.” The plant won’t open until flood waters recede. Continue Reading ==> 9) What Floyd Mayweather Can Teach You About Negotiation (Inc.) Whether you have engaged personally in the sport of boxing or are just a fan of watching, there is much to be learned from the boxer mindset and performance that you can apply to your own life. Here’s how to dominate in a business negotiation in the same manner as Mayweather did this last weekend. Continue Reading ==> 10) The Cajun Navy to the Rescue! (YouTube) There’s not much to say. In an era of unprecedented divide, the Cajun Navy shows America at its absolute best:
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:What the Fed is saying about inflation and interest rate policyWhat ECB President Mario Draghi could say at Jackson HoleApple’s Hollywood invasionAnd more! So check out these links right now and get up to speed: 1) Wall Street Banks Warn Downturn Is Coming (Bloomberg) HSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle. Analysts at the Wall Street behemoths cite signals including the breakdown of long-standing relationships between stocks, bonds and commodities as well as investors ignoring valuation fundamentals and data. It all means stock and credit markets are at risk of a painful drop. Read the Story ==> 2) Euro powers ahead against sterling as hawkish Draghi shrugs off exchange rate worries (The Telegraph) Mario Draghi, the ECB’s president, said the eurozone economy is firing on all cylinders as super-easy monetary policy continues to flush the system with liquidity. “It is before our eyes,” he said. Read the Story ==> 3) Scott Redler on Cheddar TV: AAPL, TSLA, and More! (T3 Live) T3 Live Chief Strategic Officer Scott Redler appeared on Cheddar TV to discuss some key investing topics, including why long-term investors are actually helped by market declines, and his thoughts on the 8-year old bull market.Continued Reading ==> 4) Report: Carrier sources indicate Apple iPhone 8 event date set for September 12 (9 to 5 Mac) Mac4Ever is reporting that they know when the September Apple event will take place, where Apple will announce three new iPhones: the OLED iPhone 8 and the iterative ‘7s’ phones. The report says that the event will happen on September 12 citing carrier sources Continued Reading ==> 5) True price of an Uber ride in question as investors assess firm’s values (Reuters) What is the true cost of an Uber ride? That simple question is often lost among the many controversies facing the ride-services company as it tries to hire a new chief executive and resolve a bitter dispute with the old one, Travis Kalanick. Continue Reading ==> 6) The 7 Deadly Sins of Trading, and How You Can Cure Them (T3 Live) Greed can eat you alive… even if you have all the money in the world. It’s one of the 7 deadly sins you’ve heard about from religious texts or pop culture. And as you’re about to learn, they all apply to trading, and they all have cures if you understand them. Continue Reading ==> 7) WPP faces worst year in a decade as advertisers cut spending (The Guardian) Sir Martin Sorrell’s WPP is facing its worst year in a decade as the world’s largest advertising group was forced to slash growth forecasts for the second time after sales went into reverse in the first half. The company cut its full-year growth forecast for revenues and net sales to between zero and 1% after reporting a marked deterioration in the second quarter that missed City expectations by some distance. Continue Reading ==> 8) 50 million could watch Mayweather-McGregor in the US alone (CNBC) Conor McGregor’s improbable challenge of Floyd Mayweather Jr. could be seen by a staggering 50 million people in the United States as fans and the curious gather in small and large parties. The fight Saturday night threatens the pay-per-view revenue record set by Mayweather and Manny Pacquiao two years ago and could dwarf it in viewership as people use the event as a reason to have friends and family over for a little escapism and controlled violence. Continue Reading ==> 9) IRS Uses Chainalysis to Track Down Bitcoin Tax Cheats (The CoinTelegraph) The IRS is actively seeking out tax evaders using Bitcoin, employing tools like Chainalysis to unmask them. Many people believe that Bitcoin is anonymous, but it is in fact pseudonymous. All transactions linked to a particular address are visible on the Blockchain, which is public and transparent. However, it is not possible to link a particular wallet address to the real world identity of a person/company without any additional information. Continue Reading ==> 10) Ray Dalio – How to Find Financial Success (YouTube) Ray Dalio, founder of mega hedge fund Bridgewater Associates, is one of the richest men in the worth, with a net worth of $17 billion. But while most hedge fund masterminds keep a low profile, Dalio is quite outspoken and happy to share his views on the world. In this video, Dalio identifies the 5 steps to financial success, and gives you his unique take on the American and European economies:
Continue Reading -->Trader’s Digest: The 10 Stories We’re Reading Right Now
Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like:What the Fed is saying about inflation and interest rate policyWhat ECB President Mario Draghi could say at Jackson HoleApple’s Hollywood invasionAnd more! So check out these links right now and get up to speed: 1) Fed Sees Balance-Sheet Move Soon as Inflation Debate Heats Up (Bloomberg)Federal Reserve officials engaged in a detailed debate about inflation while keeping the door open for a September announcement on the timing of balance-sheet reductions, according to minutes from their policy meeting in July. Read the Story ==> 2) ECB’s Draghi will not deliver fresh policy steer at Jackson Hole: sources (Reuters) European Central Bank President Mario Draghi will not deliver a new policy message at the U.S. Federal Reserve’s Jackson Hole conference, two sources familiar with the situation said, tempering expectations for the bank to start charting the course out of stimulus. Read the Story ==> 3) Scott Redler Ultimate Access Interview (T3 Live) Welcome to your FREE preview of T3 Live’s Redler All-Access newsletter. Redler All-Access gives you a complete trading plan from T3 Live Chief Strategic Officer and frequent CNBC guest Scott Redler. Continued Reading ==> 4) Apple is bringing a billion-dollar checkbook to Hollywood, and wants to buy 10 TV shows (Recode) Apple is officially open for business in Hollywood. The company is telling content makers it wants to spend $1 billion on its own stuff over the next year. That’s music to studios’ ears, and a tune they have been expecting for some time — especially after Apple hired two top Sony TV executives in June. Continued Reading ==> 5) Amazon Shares Fall After Trump Says It Hurts Retailers (Bloomberg) U.S. President Donald Trump once again unloaded on Amazon.com Inc., tweeting that the company is hurting other retailers and implying that it’s killing industry jobs across the U.S. Amazon is causing “great damage to tax paying retailers,” Trump said in a Twitter post Wednesday, causing shares in the online retailer to fall as much as 1.2 percent in early trading. Continue Reading ==> 6) 7 Ways to be Just Another Failed Trader (T3 Live) Do you want to fail as a trader? Do you want to miss your next mortgage payment? Or pull your daughter out of private school because you can’t make tuition next month? Well you’re in luck! Because we’ve got 7 surefire tips for failing as a trader! Continue Reading ==> 7) Which Came First, The Taco or the Egg? (AdvertisingAge) Taco Bell is getting “naked” again, dropping its usual taco shell for a Naked Egg Taco, where a fried egg is the shell. Folks eager to try it early can do so by reserving — yes reserving — on Open Table. Chick-fil-A, meanwhile, is replacing its breakfast burrito with an updated version and offering a breakfast bowl with either sliced chicken nuggets or sausage. Continue Reading ==> 8) The Maloof brothers made what is believed to be the biggest bet yet on Mayweather-McGregor fight (Business Insider) Gavin and Joe Maloof are so confident Floyd Mayweather Jr. will beat Conor McGregor that they bet $880,000 on it. And if the Maloof brothers are big winners along with Mayweather on Aug. 26, they are giving the proceeds of their whopping wager to charity. Continue Reading ==> 9) What You Should Know About the Pro-Vegan Netflix Film ‘What the Health’ (Time) The recent pro-vegan Netflix documentary, What the Health, is under fire from nutrition experts. The film, which is co-directed by Kip Andersen and Keegan Kuhn—the creators of another Netflix documentary, Cowspiracy—and co-produced by actor Joaquin Phoenix, is being criticized by some health professionals for exaggerating weak data and misrepresenting science to promote a diet that avoids all animal foods. Continue Reading ==> 10) Life Advice from 100-Year Olds (YouTube) Want some real perspective on life? Listen to a 100-year old, because they’ve seen, heard, and experienced more than 99% of the population.
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