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- Monday Market Open - 13th of May
Monday Market Open - 13th of May
$GME, CPI report, Fed remarks, Alibaba earnings and more
Monday Market Open
Dear Winner,
Hope you had a killer weekend. I know you’re taking this week by storm because you opened your inbox to our Monday Market open (Common YOU dub)
This week I want you to try and embrace the journey of life. Much like the investment game, life can be unpredictable.
But see that’s where all the fun lies. If we knew the outcome every time why the FUCK would we watch the game.
In life, you have to take what you have and try to live on a prayer hoping for your outcome. Much like chatting up a girl at the bar, wayyy out of your league….. You hope the results favor you.
And when they do…..
That’s what living is all about.
Hope you are fired up for the week. Let’s get into it.
Market Indices & Commodities
Gold | $2,336.36 | -1.01% |
Copper | $4.75 | +2.02% |
Silver | $28.20 | +0.28% |
NASDAQ | $16,379.40 | +0.24% |
S&P 500 | $5,218.95 | -0.07% |
TSX | $22,247.30 | -0.28% |
CSE Comp | $193.16 | +1.26% |
What happened?
The Recap of the Week
Jim Simons passed away (RIP).
Biden said he would stop funding Israel if they invade Rafah. 🏹
Chinese stocks have risen sharply over the past three weeks, gaining more than 14% compared with a roughly 5% rise for the S&P 500. 💲
UK economic rebound. The United Kingdom’s economy has returned to growth after experiencing a shallow recession in the second half of 2023 📈
Graph of the Day
$GME is BACK
I woke up this morning to see $GME on a fuckin tear, all because of the man himself. The Roaring Kitty.
All because of this tweet he put out pre-market… (see tweet here)
After a 3 year X hiatus, the legend himself simply just tweeted that photo which led to $GME +44% pre-market.
Yet again, Robinhood has turned off the buy button (see here)
Fucking crooks….
However this time, this tomfoolery has caught the eyes of famous influencer Andrew Tate and this guy is fuckin losing his mind all over X, pouring his money into $GME & even giving money away to followers to buy $GME.
He is framing it as a “Matrix Attack”
It seems that Tate is anti-Hedge Fund & Anti Billionaire Wallstreet type personality because his whole dialogue and motivation on this is to fuck over the big wig short funds who are shorting the piss out of this.
I’m sure the billionaire short funds are connected to the buy button getting turned off, I’m too lazy to dive into that, this story has already delayed the newsletter send enough.
But, it seems that his tactics among other social media groups and channels are beating the shorts.
It was reported that the Short Funds were down as much as 1 billion dollars within the first hour of trading.
I love it, crazy what a bunch of degenerates can do when we work together (I don’t own stock, but I think its cool to watch unfold)
News
What on the Horizon?
Monday - Federal Reserve Vice Chair Phillip Jefferson and Cleveland Fed President Loretta Mester deliver remarks.
Tuesday - Home Depot (HD), Alibaba Group (BABA) and Sony Group (SONY) report earnings
Wednesday - Consumer Price Index report
Thursday - Walmart (WMT), Applied Materials (AMAT), JD.com (JD), Baidu (BIDU), Take-Two Interactive Software (TTWO), and Deere & Company (DE) report earnings
Friday - U.S. leading economic indicators (April)
⭐Main focus will be on CPI report as investors will find out if inflation path remains ‘bumpy’.
The Secret Sauce
Stock markets record run faces crucial CPI meeting.
US stocks may encounter obstacles on their way back to record levels, particularly considering that this week's assessment of consumer prices could significantly shape the trajectory of the year.
Inflation in the past three months has been out of whack, with the Federal Reserve's goal of achieving a 2% annual rate, with energy and housing costs helping push the consumer-price index, or CPI, for March up to 3.5% yearly rate.
What does this mean for investors?
Well, high inflation can make the stock market uncertain. The Federal Reserve, which is like the US money boss, watches this closely. They might change how much they charge for interest rates to control inflation. This could affect how much money you make from your investments.
It’s suggested to invest in things like bonds and stocks that are less affected by inflation. It’s also recommend looking into things like home builder stocks or gold. These are seen as safer options when prices are rising fast.
Now please don’t come after me with pitchforks calling me a pussy because I suggested some safe alternatives. I’m not telling you to ditch the small-cap rockets for some boring ass EFT that will show you results when you are shopping for coffins. However, I’m not a fucking idiot either, and when there are danger signs. I try to take notice and evaluate from there.
Overall, this may be something to keep an eye out for if inflation keeps rising and while the FED is on a higher for a longer policy path.
Thank you
That’s all Folks
Hey, thank you for checking out Monday Market Open. I hope you can take something away from this for your week. Check your email tomorrow to learn something new and keep stacking on the alpha.
Cheers,
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