Tuesday Market Wrap and Must Reads

  The only way to end your day   📉Stocks Fall As Earnings Continue Major averages fell on Tuesday as investors brace for the first mega cap tech earnings after the closing bell. The Russell 2000 ETF (IWM) led the way to the downside, falling 2.46%. The S&P 500 Index ETF (SPY) shed 1.57%, while the tech-heavy Nasdaq-100 ETF (QQQ) lost 1.89%. Google (GOOGL) and Microsoft (MSFT), which each report earnings after the closing bell, fell % and % respectively. 🏦First Republic earnings reignite fears Shares of beleaguered regional bank First Republic (FRC) cratered more than 40% after reporting its latest quarterly results, saying late Monday that deposits dropped 40% in the first quarter. The bank has shed more than 90% in value so far this year. 🛢️ Oil, nat gas drop West Texas Intermediate (WTI) oil contracts fell 2%, while natural gas dropped 2.8%. ⛏️ Alternative investments mixed Gold futures added 0.46%, while Bitcoin added 0.4% and Ethereum (ETH) dropped 0.2%. 🏠New home sales rise New home sales, a leading indicator of economic health, came in 50K higher than expected. However, Consumer Confidence numbers can in below forecasts, indicating consumer spending may be slowing down. Manufacturing activity slowed according to the Richmond Manufacturing Index, which measures the rate of relative business conditions. ☀️Earnings season continues While MSFT and GOOGL report quarterly results Tuesday after the closing bell, 210 total companies will announce numbers on Wednesday. Highlights include Meta (META), Boeing (BA), and Thermo Fisher (TMO). Traders and investors get a relative reprieve from economic data, with Durable Goods Orders on the docket for tomorrow morning. Today’s leading sectors: Utilities (XLU -0.1%) Today’s lagging sectors: Energy (XLE -1.88%), Technology (XLK -2.1%)   Must Reads     Why everyone needs to worry about the Fed Florida Gov. Ron DeSantis is now taking aim at the Federal Reserve. Somebody's got to. DeSantis is calling attention to the ongoing failures of Chairman Jerome Powell to tack inflation, job stability, and other mandates. [He also criticized the Fed's efforts to develop...]( [Continue Reading](     This New VIX Index Will Shake UP the Volatility World As We Know It The newest volatility indicator just dropped yesterday, Monday, April 24. Although it is not intended to replace the VIX, VIX1D has its own unique value as an independent measure of daily market sentiment. [VIX1D will be an insanely useful tool for both day traders and swing traders. Here’s how it works and why I’m so excited about it…]( [Continue Reading](     There’s “Rich”... And Then There’s “Texas Rich” As we speak, a massive bidding war in the oil fields of the Permian Basin is setting up for a new generation of “Texas Rich.” All you need to know is the right acquisition targets and how to play ‘em. On Wednesday April 26 @ 8pm ET, Garrett {NAME} is sharing the full game plan: his targets, the buyers, and the date of every single deal. If you’re ready to learn the meaning of “Texas Rich,” [RSVP by clicking here.]( [Continue Reading](     This stock is 26% off and pays a massive 12% yield - buy it now For your “Take It to the Bank” Tuesday this week, we’re sticking with energy stocks, because one of the biggest opportunities in the oil sector that we’ve seen in decades is currently underway in the Permian Basin. [Trillions of dollars (yes, really) are up for grabs right now as major oil companies like...]( [Continue Reading](     You need to protect against what's coming with oil [I told you last week that I’m bearish oil](. That piece was a fundamental analysis of the situation that uniquely impacts the price of this commodity. Fundamentally speaking, you cannot trust the price of oil at face value. [But that’s not the only reason I’m bearish on oil...]( [Continue Reading](     Crypto is about to disrupt a $6 trillion industry For Every Dollar You Could Make With Bitcoin... [Tom Gentile Has a Plan to Deliver 10X More With Microcurrencies Instead!]( [Continue Reading](   We’d love to hear from you! There’s nothing more that we value than hearing from our loyal Money Morning LIVE audience! (Especially hearing how much you LOVE the content you receive from Trading Today) So whatever your pleasure - whether it’s [Twitter]( [Instagram]( [TikTok]( or [Facebook]( - give us a like, a follow, or leave us a comment (or an emoji 💸)! 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