There’s no way to sugarcoat it… The latest economic data is terrible. And it’s causing stocks to plunge.
Daniel and I start today’s show by discussing the “S” word (stagflation)… the Fed’s major dilemma when it comes to interest rates… and a few recent earnings reports that show just how bad off the economy really is.
Speaking of earnings, Meta Platforms (META) is down over 10% after reporting higher-than-expected costs for 2024… and Mark Zuckerberg’s conservative statement on artificial intelligence (AI). Daniel and I explain why investors are blowing the situation way out of proportion… and completely misconstruing Zuck’s comments.
We also go over earnings from ServiceNow (NOW), IBM (IBM), Comcast (CMCSA), and Chipotle (CMG).
Which one is a short at current levels? Find out on the show.
Bitcoin continues to trade over $60,000 as investors cheer ETF approvals in Hong Kong—but I see that number soaring. In fact, I believe Bitcoin will eventually surpass $300,000.
That’s why I’m hosting part 3 of my Crypto 2024 LIVE series on April 30 at 7 p.m. ET… to explain how best to position yourself for life-changing gains in the crypto space.
It’s called Crypto 2024: After the Halving. And it’s 100% free to attend.
Click here to make sure you don’t miss it… and send me your questions for the live Q&A.
Finally, I reveal this week’s Dollar Stock Club pick—an industry leader that’s gotten crushed in 2024. I explain why, following its earnings results, this stock is setting up for a great short-term trade.
