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In this week’s Recap, Marcello tells us how Tesla is making headlines with the launch of its new robots, driverless taxi, and driverless van, showcasing advancements in AI and automation. Meanwhile, Warren Buffett continues his massive sell-off, shedding billions of dollars in stocks over the past few months, signaling caution in the markets. And in the world of media, Joe Rogan’s highly anticipated interview with Donald Trump has sparked conversations about politics, media, and the future of the U.S. Hurricane Milton marched across Florida starting on Wednesday & into Thursday, as the storm hit Florida’s west coast as a Category 3 hurricane, whipping up deadly tornadoes, destroying homes & knocking out power to 3.3M customers, but the Tampa Bay metropolitan area appeared to have escaped without the catastrophic flooding that had been feared. Authorities were still waiting for rivers to crest, but so far water levels were at or below what they received with Hurricane Helene 2 weeks ago. Trump Media & Technology Group, the parent firm of Donald Trump’s Truth Social, rose 18.54% on Tuesday at $21.80, up for a 4th session of gains, in the longest rally since June, as investors assess Elon Musk support & latest media appearances by VP Harris as the Democratic nominee for president. More than 45M DJT shares were exchanged Tuesday, more than tripling its 30-day average volume. Trump owns nearly 57% of Trump Media, in a stake worth almost $2.5B as of Tuesday, gaining near $400M in valuation for the former president, who has vowed not to sell his shares. The stock is up +37.89% in the past 5 days & +30.70% in the past month. European stock markets were higher on Friday,at more than a 1-week high as investors shifted their focus to updates on China’s stimulus plans, corporate earnings and an interest rate decision by the European Central Bank. Traders were also digesting the return of growth in the U.K. for the month of August & the posting on Thursday of France’s national budget. Shares of the U.S. based electric vehicle (EV) maker Tesla fell -8.78% on Friday at $217.80, after its robotaxi event underwhelmed investors. Morgan Stanley analysts noted that the event overall disappointed expectations, due to a lack of details in several areas, including how the company is going to compete against ride-sharing companies, like Lyft & Uber. Shares of those firms jumped following the event, with Lyft surging +9.59% at $13.60 & Uber gaining +10.81% at $86.34. Tesla stock is down -12.26% in the past 3 months, -12.35% in 2024 & -13.27% y/y, with a market cap of $695.79B. The post October 13: Tesla launches Robots, Warren Buffet Keeps selling, Joe Rogan interviews Trump (Recap ep295) [https://daytradingacademy.com/october-13-tesla-launches-robots-warren-buffet-keeps-selling-joe-rogan-interviews-trump-recap-ep295/] appeared first on Investing & Day Trading Education: Day Trading Academy [https://daytradingacademy.com].

In today’s Recap, Marcello tells us that the tensions in the Middle East are reaching a dangerous peak as Israel escalates its military response, with commando and paratroop units launching raids into Lebanon on Tuesday. Hezbollah retaliated with missile strikes on Israel, targeting areas near Tel Aviv, while Iran fired over 180 ballistic missiles in a growing regional conflict. As fears of an all-out war loom, financial markets are also feeling the impact. Warren Buffett’s Berkshire Hathaway continued its massive stock selloff, offloading another $338M worth of Bank of America shares this week, bringing the total to over $9B since mid-July. It was reported on Thursday that Berkshire Hathaway sold another chunk of Bank of America shares during the past 3 trading sessions, bringing its remaining stake to just +10.2%. Warren Buffett’s conglomerate dumped more than 8.5M shares of the bank worth $338M, according to a new regulatory filing. Berkshire has shed more than $9B worth of the bank stock in a big selling spree, that started in mid-July. Once its stake drops below 10%, Berkshire will no longer have to disclose related transactions within 2 business days. According to the U.S. Labor Department data released Friday, the U.S. added 254,000 jobs in September & the unemployment rate ticked lower to 4.1% The September jobs report blew past economist expectations, which foresaw the addition of 140,000 jobs & a jobless rate of 4.2%. At least 215 people are known to have died as a result of the destruction wrought by Hurricane Helene, the 2nd deadliest storm in the U.S. in the last 50 years, since it made landfall in Florida a week ago.More than half of the deaths were in North Carolina, where several feet of fast-moving water destroyed entire communities.Hundreds are still missing, and officials have reported difficulties in identifying some of the dead. There is flood & wind damage that may end up costing $250B, in the states Florida, North & South Carolina, Georgia, Virginia, & Tennessee. U.S. listed shares of the automaker Stellantis fell around 4.04% on Thursday at $13.08, hitting a new 52-week low during the session, following a downgrade to equal weight from overweight at U.K. investment banker Barclays. Analyst Henning Cosman said that the firm was “wrong-footed” on the stock, as it was “too slow to acknowledge its US inventory issue & eroding E.U. & U.S. market shares. Shares of Tesla fell -3.49% on Wednesday at $249.02, after the U.S. electric vehicle company fell short of Q3 delivery estimates. Deliveries came in at 462,890, versus an earlier estimate of 463,310.Tesla is facing increased competitive pressure, especially in China, from companies like BYD & Geely, along with a new generation of automakers, including Li Auto & Nio It is being reported Thursday evening that negotiations on the U.S. port strike continue & the parties reached a tentative agreement on wages & agreed to extend the master contract until Jan. 15. The sources said they will return to the bargaining table to negotiate all outstanding issues. 50K of U.S. dockworkers had walked off the job early Tuesday morning, clogging dozens of ports along the East & Gulf coasts. The ILA, the union representing the East Coast & Gulf Coast dockworkers under the contract at issue, was seeking higher wages & a ban on the use of some automated equipment. On Thursday, Meta CEO Mark Zuckerberg surpassed Jeff Bezos as the world’s 2nd richest person.Zuckerberg’s net worth reached $206.2B topping the $205.1B net worth of the former Amazon CEO & president. The Facebook co-founder now trails Tesla chief Elon Musk by roughly $50B, With his 13% stake in Meta, Zuckerberg’s net-worth has risen by $78B since the beginning of the year, which is more than any member of the 500 richest people globally. Meta shares closed at a record high on Thursday at $582.77, representing a roughly 68% jump from early January, when its shares were trading at $346.29. The post October 6: Warren Buffet continues to sell, World War 3 is back, Elon Musk goes Dark Maga (Recap ep294) [https://daytradingacademy.com/october-6-warren-buffet-continues-to-sell-world-war-3-is-back-elon-musk-goes-dark-maga-recap-ep294/] appeared first on Investing & Day Trading Education: Day Trading Academy [https://daytradingacademy.com].

In today’s recap, Marcello talks about how Warren Buffett’s Berkshire Hathaway has been aggressively selling off billions in stock, including $896 million worth of Bank of America shares and around $8 billion in Vodafone since mid-July. Meanwhile, the Federal Reserve made headlines by cutting interest rates by 50 basis points on Wednesday—the first reduction in 2.5 years. Also, Apple shares fell -2.78% amid reports of sluggish demand for its latest iPhone models, with iPhone 16 sales down 12% compared to the previous year’s launch. The U.S. national debt has ballooned to $35.378 trillion, and the Treasury Department has already spent $1 trillion this fiscal year. By the end of 2024, interest payments on the debt are projected to total $1.2 trillion, second only to Social Security spending at $1.5 trillion. Under Trump, the national debt increased by $7.3 trillion, but Biden has already surpassed that with $8.4 trillion in new debt. Warren Buffett’s Berkshire Hathaway has been actively selling off its stake in major companies throughout 2024, including dumping $896 million in Bank of America shares, reducing its position to 836 million shares (a 10.8% stake). Berkshire has also offloaded around $8 billion worth of Vodafone stock since mid-July. Meanwhile, the Federal Reserve cut interest rates by 50 basis points on Wednesday, marking the first rate reduction in 2.5 years, bringing the fed funds rate to 4.75%-5%. Apple shares fell -2.78% on Monday to $216.32 after reports of sluggish demand for its latest iPhone models. Analysts noted that iPhone 16 demand is down 12% compared to the iPhone 15 during its launch weekend, with data suggesting weaker sales for the Pro models. The U.S. Federal Reserve cut interest rates by 50 basis points Wednesday, the central bank’s 1st rate reduction following a two-and-a-half year crusade against inflation that raged in the wake of the pandemic. The new federal funds rate is 4.75% to 5% , a large rate cut that signals the Fed’s confidence that its war against inflation is coming to an end. The Fed incrementally increased interest rates from near 0 in March 2022 to a range of 5.25 to 5.5% last July, as it battled rising inflation, which peaked at 9.1% in June 2022. Sugar futures surged to their largest weekly gain in years, driven by “unusual and persistent weather events” in Brazil. Roughly 59% of the country is currently facing drought conditions, with some Amazon rivers hitting all-time lows, making several waterways unnavigable. This severe drought has led to fears of reduced crop yields, causing a significant spike in sugar prices. Gold prices have soared to unprecedented levels, setting a new record high and closing price. This surge is attributed to a perfect storm of economic and geopolitical factors, primarily driven by the Federal Reserve’s recent monetary policy shift and escalating tensions in the Middle East. December gold was trading at $2,647.10 on Friday. The U.S. delivery giant FedEx shares plunged -15.23% on Friday at $254.64, after reporting a steep quarterly earnings drop. The firm also lowered its full-year revenue forecast. CEO Raj Subramaniam said industrial demand was softer than expected, while FedEx’s customers continued to shift to cheaper, slower delivery options, which has squeezed profits. The stock is up +0.66% in 2024, but down -2.47% y/y, with a market cap of $62.21B. Tesla shares +7.36% Thursday at $243.92, as the EV maker rallied along with other auto-makers due to the larger than expected interest rate cut by the Fed . Vehicle insurance registrations last week in China declined sequentially, but the firm is still trending towards its best ever quarterly deliveries total in the world’s largest EV market, with just 2 weeks left in Q3.Tesla registrations in China, a rough gauge for deliveries, are up +26% vs last quarter & have increased over +20% vs. a year ago.Tesla’s China vehicle registrations in Q3 are now nearly +5% above Q4 2023, the EV giant’s best ever quarterly performance. The stock is up +33.28% in the past 3 months, but still down -1.84% in 2024 & -0.39% y/y, market cap of $779.24B. The post September 22: Warren Buffet Sells Billions, Fed Drops interest rates, iPhone Demand Craters (Recap ep293) [https://daytradingacademy.com/september-22-warren-buffet-sells-billions-fed-drops-interest-rates-iphone-demand-craters-recap-ep293/] appeared first on Investing & Day Trading Education: Day Trading Academy [https://daytradingacademy.com].

This week saw a variety of significant developments across markets, commodities, finance, and international affairs. In the US, markets remained volatile with the Consumer Price Index (CPI) for core inflation showing an unexpected rise in August. Meanwhile, energy markets faced turbulence, with oil recording its worst week in nearly a year. On the other hand, precious metals rallied on Friday, fueled by optimism around potential interest rate cuts. In a notable legislative move, New Jersey eliminated sales taxes on gold and silver, adding momentum to the precious metals market. Financial and economic news remained a mixed bag. Bolivian inflation hit its highest level in nearly a decade at a 12-month rate of 5.19%, while Argentina’s inflation for August was projected at 3.9%. German inflation, on the other hand, dropped to its lowest point in over three years, prompting the European Central Bank (ECB) to cut interest rates by another 0.25%, bringing them down to 3.50%. This reduction follows a similar cut in June, putting the ECB within striking distance of its 2% inflation target. Japan’s second-quarter GDP also saw a positive uptick of 2.9% on an annualized basis, reflecting a more optimistic economic outlook. In the political arena, tensions were high with a second reported assassination attempt on former US President Donald Trump and an active shooter incident on a golf course. Violent crime statistics continued to paint a grim picture compared to 2020, with figures showing a 40% increase in violent crimes overall. Notably, car thefts were up 42%, aggravated assaults increased by 55%, and violent attacks by strangers surged 61%. These figures underscore growing concerns over public safety in many parts of the country. Corporate news highlighted both challenges and opportunities. Samsung announced plans to slash its global workforce by up to 30% amid stiff competition from Apple and Huawei. BMW had a rough week, with shares dropping 11.15%, marking the automaker’s worst day in more than four years, largely driven by sluggish demand in China. Boeing faced another setback, with over 30,000 workers poised to strike after rejecting a new labor contract, threatening to halt production of aircraft, including the best-selling 737 Max. Ally Financial, one of the largest US banks, reported rising delinquencies and charge-offs, causing significant concern in the financial sector, while Big Lots prepared for bankruptcy, planning to shut down 1,400 stores across the country. In technology, Nvidia shares rebounded significantly, climbing 8.15% on Wednesday and another 3% on Thursday, driven by rising demand for chips. Nvidia has seen an impressive 143% increase in stock price in 2024, reflecting the company’s growing dominance in the tech sector. SpaceX once again made headlines by successfully completing the world’s first private spacewalk, pushing the boundaries of commercial spaceflight. Meanwhile, internationally, South America’s Paraguay River hit a record low, hampering critical trade routes for soy, corn, and other exports, while Bolivia declared a national emergency due to raging forest fires. The post September 16: 2nd Trump Assassination Attempt, SpaceX 1st private spacewalk, Consumers take huge hit (Recap Ep292) [https://daytradingacademy.com/september-16-2nd-trump-assassination-attempt-spacex-1st-private-spacewalk-consumers-take-huge-hit-recap-ep292/] appeared first on Investing & Day Trading Education: Day Trading Academy [https://daytradingacademy.com].

In this week’s Recap, Marcello shows us how the U.S. stock markets have seen over $2 trillion wiped out in just six days, a loss equivalent to the entire GDP of Canada. With growing recession fears sparked by the latest jobs report, stocks have taken their worst hit since March 2023. Meanwhile, Tesla’s stock has surged nearly 5%, as the company prepares to expand its Full Self-Driving technology to China and Europe, pending regulatory approval. There are also some concerns rising in California, there might be an earthquake coming. U.S. stock markets were far lower on Friday, in the worst trading week since March 2023, after the latest jobs report had investors increasingly concerned over possibility of recession. Concerns that AI demand won’t live up to lofty priced-in expectations hit tech shares. Anxiety about the economy has shaken markets again this week, sending the benchmark 10-year Treasury yield to its lowest level of the year, during a volatile trading day. Crude prices fell further Friday to its lowest level since June 2023, in the worst week in nearly a year. Saudi Arabia’s state-run oil company has cut its October pricing for its Arab Light crude oil for Asian buyers, according to the new price list. Saudi Aramco has cut its Arab Light crude oil by $0.70. Saudi Aramco has also lowered the price of Arab Light to Europe & the U.S. As an economic slowdown is impacting ever more of the global economy, it is likely oil demand will be impacted as well. Elon Musk’s satellite broadband firm, Starlink, on Tuesday stated that it is complying with Brazil’s top court order to block access to social media platform X in the country, a day after informing the country’s regulator it wouldn’t obey the order. Starlink had emerged as a fresh battleground between Musk & Brazil, as top court judge Alexandre de Moraes ordered the freeze of the company’s accounts for possible use to pay fines owed by X, which is also owned by Musk. Colombia’s government on Friday reached a deal with truckers to suspend a protest over a rise in diesel prices, after road blockades threatened to cause food & fuel shortages in the biggest cities. The deal came after the government backed down from its plan to increase the price of diesel by 1,904 pesos ($0.45 ) per gallon starting this month, instead agreeing to a rise of just 800 pesos in 2 equal increments during the rest of the year. Rancho Palos Verdes, a coastal community in the Los Angeles area,is a geological ticking time bomb. The affluent city sits atop steep cliffs overlooking spectacular views of the Pacific Ocean that, for 100’s of years, have been slowly shifting & giving way. Now, that movement is accelerating. Whereas the ground slid downward 8 inches annually in years past, it has lurched 13 inches per week in some places, between July & August. The resulting landslides have ripped apart seaside mansions, buckled roads & forced the utility provider to cut electricity to nearly 250 homes, to avoid the possibility of fires. This week the governor of California declared a state of emergency for the community. The post September 8: Stocks lost $2 TRILLION, Tesla full self driving in China/Europe, California earthquake coming (Recap ep291) [https://daytradingacademy.com/september-8-stocks-lost-2-trillion-tesla-full-self-driving-in-china-europe-california-earthquake-coming-recap-ep291/] appeared first on Investing & Day Trading Education: Day Trading Academy [https://daytradingacademy.com].