The End of the Meme Stock Era

What Robinhood's wild move on retirement shows us ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ The End of the Meme Stock Era. It may sound risky to proclaim something like this, but we're definitely seeing some signs an age has come to an end. AMC is down almost 75% this YTD. BB is down almost 51% in the same period. GME is down almost 39% in the same period. Perhaps that's why Robinhood (HOOD), itself down more than 49% this year so far, is trying to draw investors back in with a "Robinhood Retirement" plan. That's right, it's offering IRAs. Basically, beginning in January, everyone will get access to a program where you pick a traditional or Roth IRA and build a portfolio. Then Robinhood says it will match 1% of all eligible contributions. I'll give it this - it's creative. It may even offer a vast opportunity for the company. But it comes with major, major risk. And you can't help but think of this as a marketing ploy. As the market becomes more volatile and consumers worry about the prospect of a recession in 2023, the appeal of meme trading has vanished. While some of the classics from 2020 will come back for a day or two, there's no longer a feeling of mass exuberance around certain stocks. Investors have been scared off. Perhaps many are backing away entirely. This is a mistake. It's precisely when markets are like this to be looking for more trades. It's times like this where you can build the foundations of a fortune. You never want to be entering at the top - you want to make your trades when everyone else has hit bottom. That's why we work so hard to bring you all the weapons you need to win this economic war. And it's about to get bumpy - Mr. X looks at some of those predicting a recession in 2023. Bad news - Jim Cramer thinks there won't be a recession. So we're probably getting one. At least everyone else is getting one. We won't be. Keep Moving, [TRADECOMMAND]( perhaps the single greatest weapon ever put in the hands of Main Street investors. THE OFFENSIVE is already underway. [Don't be left behind.]( WORD ON THE STREET Warnock Wins in GA, Trump Org Convicted, $65 Trillion GONE? - No Surprises In Georgia - Senator Raphael Warnock cruised to a re-election victory over Republican nominee Herschel Walker. The defeat will be seen as another rebuke for former president Trump, who endorsed Walker. Republican governor Brian Kemp easily defeated Democrat gubernatorial candidate (and supposed up-and-comer) Stacey Abrams back in November, so it seems this was about the candidates, not the parties.  - Trump Organization Convicted In NY Case - A New York City jury convicted two subsidiaries of the Trump Organization of tax fraud, falsifying business records, conspiracy, and other crimes. The jury ruled "guilty" on all 17 counts. The Organization may face fines of up to $1.6 million. President Donald Trump was not a personal defendant in the case - So, $65 Trillion Is Missing - I'm sure it's not a big deal. The Bank for International Settlements says there is confusion about how to record currency derivatives held in non-American institutions. This, the bank warns, means all this debt is essentially missing from corporate records, making it harder to predict the next financial crisis. The paper is titled "huge, missing, and growing."  - Walmart: Inflation Is Easing - CEO Doug McMillon gave shoppers some good news for the holiday season - consumer prices for household goods are coming down. "In toys, sporting goods, apparel, categories like that, prices have come down more aggressively," he said. "We're still inflated but we're not inflated nearly as much as we are in the other categories." Trade of the Decade: The Most Critical Stock to Own Now Mr. X identifies “the most important company that you’ve never heard of…” and how you can take advantage of it to reap potentially life-changing profits. [Click the link here before it’s too late.]( HOT SPOTS: What's Going on in Geopolitics - Argentina VP Convicted For Fraud - Vice President Cristina Fernández de Kirchner was convicted of fraud and faces six years in prison. However, there are two catches. First, she dodged a conviction on the charge of running a criminal organization. Second, while in office, she remains immune from arrest - so if she keeps getting elected, she'll never serve time. - Russia Slowly Begins Mobilizing To War Economy – Russia expected little resistance when it invaded Ukraine, and that mistake has cost them. Ever so slowly, Moscow is adjusting to the reality it faces an existential conflict. The Russian government is raising defense spending by 30% and is taking charge of some private enterprises for war production. However, Russia faces a difficult task because of Western sanctions and a new cap on oil prices.  - New Regime Change Just Dropped - Protesters in Mongolia marched to the presidential residence and demanded accountability on an alleged theft of 385,000 pounds of coal. The coal reportedly ended up in China, though the Chinese government has denied any awareness of that "specific situation." Whatever you say.  CUTTING EDGE: What[']( Happening In Tech - Buzzfeed Hits All Time Low - The Internet news publication is going viral for all the wrong reasons. BZFD dropped more than 6.1% during the trading day, as the company is letting go 12% of its staff. The company blamed a "combination of worsening macroeconomic conditions." - Vietnamese EV Company Files To Go Public – VinFast, an EV startup out of Vietnam, has filed for an IPO with the NASDAQ exchange. The proposed ticker is VFS. The company is building a new factory in North Carolina after receiving $1.2 billions in incentives. - Mongodb GOES PARABOLIC After Surprise Profit - Utterly shocking expectations, database company MongoDB posted earnings of $0.23 per share - compared to an expected loss of $0.17 per share. It's the fourth consecutive quarter that the company has beaten expectations on earnings reports.  MDB Was Up About 27% In After-hours Trading FOR YOUR CONSIDERATION “Perhaps Jim Cramer is right, but personally, when Cramer is optimistic, I get nervous.” sudden suspense about what the Federal Reserve's next move on interest rates is going to be. There's a risk it could push the economy into recession if it overreacts. And as uncertain as America's situation is, the rest of the world looks even worse. Mr. X breaks down the emerging consensus. [PERHAPS A SANTA RALLY BUT THEN RECESSION]( Enjoying Dawn Report? Learn something, made some money? 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