Pre-Market Prep: 2 New Bitcoin ETFs and 5 More Things to Know

[Money Morning Live] A Note from the Editor: We want to welcome you all to Money Morning's premier source for the top headlines and stories our experts are watching. Each morning with our Pre-Market Prep, you'll receive insights from myself, Garrett {NAME}, Shah Gilani, Chris Johnson, and our stable of experts. And then each evening, we close out our day with Closing Bell Recap. So, take a look around, check out Follow the Money, Chart of the Day, and Around Money Morning. And we look forward to you starting and ending your trading day with us! - Matthew Carr, Editor-in-Chief, Money Morning Bad years leave a taste in everyone's mouth... and I'm not merely talking about wine. In 2022, equities suffered their worst year since 2008. Technology stocks were the hardest hit. The Nasdaq plummeted [33.1%](. Now, after a year like that, there's an unfortunate trend that follows... investors start looking for disaster around every corner. For decades, this has been as predictable as the seasons. Every data point is latched onto, believing it signals the early warning of the next crash. Every rally is side eyed with skepticism. Unfortunately, investors who fall into this emotional and psychological trap watch their returns circle the drain. The higher the market rebounds, the more convinced they become there's a cataclysm on the horizon. They double-down on their fears, as their portfolios fall further and further behind. Well, this week we have a number of data points about to be unleashed. [And this morning, I've cut through all the nonsense and noise to simply provide you with the facts... what to expect, and how to react...]( --------------------------------------------------------------- Follow the Money With Garrett {NAME} Last Friday's late-day selloff was an unexpected twist. It set the stage for this crucial week. We'll receive a batch of economic data and corporate earnings that could significantly affect momentum on both a daily and weekly basis. Most interesting, the performance of the Nasdaq and global central banks is out of sync. Balance sheets at global banks are declining as tech stocks are in rally mode. However, despite some early profit-taking in the mega-cap tech names, the "Buy the Dip" crowd continues to pile into the market's top performers. Across Money Morning Earnings Season Begins (Again) - Here's What to Expect This Week The real fireworks start on Thursday, as Delta (DAL), PepsiCo (PEP), and Conagra (CAG) release results. On Friday, too-big-to-fail banks like JPMorgan Chase (JPM) and Citigroup (C) open their books. Any and all of these could move markets in a flash, particularly if we get a surprise. It's dicey to play these names directly so close to earnings, so [Garrett {NAME} is watching these two liquid, easy-to-use ETFs for potential moves...]( There Are About 209,000 Things Wrong with the June Jobs Numbers - and That's Just for Starters... Four days later, hacks and cheerleaders are still rah-rah'ing the "unexpectedly strong" June employment figures. They say it points to a possible "soft landing" for the economy. But dig just a little deeper and you see the numbers aren't reassuring at all, they're alarming. Go deeper still and you find prospects for inflation to actually worsen. [Garrett will take you into the report and everything it means here...]( A Bitcoin Spot ETF Is Back on the Table - That Could Jolt These Altcoins... For the first time in more than a year, there are serious proposals for not one, but two, U.S.-listed Bitcoin funds in front of the SEC. Investors are pumped. In fact, the mere applications alone from BlackRock and Fidelity sent Bitcoin prices 11% higher in a matter of days. Now, Nick Black isn't a fan of ETFs. But he admits this is good news for BTC. Though, he thinks it's even better news for a handful of smaller tokens. [Here's what he's watching...]( This is the "Holy Grail" of Battery Stocks... This company makes lithium-ion batteries... and it's very likely to make investors who move right now a lot of money. The firm looks like a competition-killer from here, with a proprietary, new battery technology and, the cherry on top, exclusive contracts in the lucrative virtual/augmented reality segment. Its battery tech is the perfect match for power-hungry AI applications, too. This is a heavy momentum stock rolling like a freight train, so the potential for significant volatility is there... but so is the potential for extreme reward. [Garrett {NAME} has much more...]( Imagine Shooting Fish in the Ocean with Barrel-Like Accuracy... Success rates across activities are a funny thing. In baseball, if you average a hit in just 3 out of 10 at bats in your career, you're often immortalized in the Hall of Fame. In school, if you average a 3 out of 10 on pop quizzes, you're often immortalized for different reasons. Of course, no matter which realm you're talking, 9 out of 10 is considered a rousing success. In some instances, practically unheard of. Take trading... for most investors, a win/loss ratio above 1.0 is the ultimate goal - to win more than you lose. Which is why Tom Gentile's new trading technology that uncovers an invisible stock pattern with 90% historical success is so impactful. [And it can hand investors 100%-plus profits in as little as 30 days...]( Chart of the Day: Prime Time for Defense? Equities have surged in 2023. Despite declines in earnings estimates and several lagging economic data points - including falling ISM Manufacturing PMI - stocks haven't been derailed... particularly cyclicals. Meanwhile defensive stocks have been left behind. This is creating "huge gaps" in the market. With the Fed set for another interest rate hike, defensive stocks could end up more attractive as cyclicals are forced to re-adjust to the economic reality. And a recession would make defensive stocks "must-haves." Matthew Carr --------------------------------------------------------------- With One Click, You'll Get the Most from Money Morning... When you subscribe to our free Money Morning Daily e-letter you get a lot more - two daily market updates from our experts so you'll always know where your money stands. Even better, every issue is packed with our team's stock and trade recommendations, too. These folks have more than 200 years of combined "in the trenches" experience managing money, so they're uniquely qualified to help you protect and grow your wealth. And, of course, the e-letter is completely free and always will be - it'll never cost you a dime. 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