March 25, 2024 Dear , Welcome to The Pirate's Weekly Buried Treasure Bulletin. Your one stop shop for all things finance. Picture our newsletters as the GPS for your investment journey â direct, efficient, and available in your inbox every week. Hereâs what we got on deck for you today: ð£ Boeing CEO Departure Sparks Concerns ð© ð£ Oppenheimer Strategist Predicts Year-End Surge ð ð£ Mike's Indices Outlook ðµ Quick Glance ð As of March 25, 2024, 11:20 PM MST Boeing CEO Departure Sparks Concerns ð© More and more people have been questioning if it's still safe to fly after the terrible start to the year Boeing has had. Boeing's (BA) tumultuous year began with a fuselage rupture on a 737 Max 9 due to misplaced bolts at 16,000 feet. Three months later, repercussions include lawsuits, government probes, plummeting stock value, diminishing margins, reputation damage, and impending CEO Dave Calhoun's departure. Boeing now faces investor skepticism amid stock decline, resulting in tens of billions shaved off market valuation. [See Full Article](=) Oppenheimer Strategist Predicts Year-End Surge ð Wall Street has witnessed a remarkable surge in the S&P 500 index, reaching unprecedented heights. Oppenheimer's chief investment strategist, John Stoltzfus, has revised his year-end projection for the benchmark index to 5,500, indicating a 5% increase from the previous Friday's closing. This adjustment follows a rapid escalation in stock prices, surpassing Stoltzfus's earlier target of 5,200 within just three months into the year. Stoltzfus remains steadfast in his outlook, citing ongoing positive trends in corporate earnings, resilience in US economic growth, and a notable shift in sentiment among skeptics. [See Full Article](=) Indices Outlook ðð Welcome back! Last week was all about interest rates and the Fed. Tuesday we saw the market bounce off the lows and then react favorably to the Fed meeting late in the session on Wednesday. With that renewed buying, we saw the Nasdaq and S&P 500 push up to new highs to continue the uptrend. With the uptrend still intact, we continue to ride this move and keep our bullish mindset. The "plan for the worst, hope for the best" attitude would apply here... as we want to see this trend hold, but continue to plan for when the market decides to take a break. We will look at trend lines, support lines, and momentum to see where the trend might try to break down and make our adjustments when/if that happens. Until we see some weakness, we can continue to ride this bullish wave! See you next week! Mike Curtis Mumsy's Meme of the Week ð Want more market insights? Join Our Mastermind Group Get exclusive access to weekly webinars with Mike Curtis (a.k.a. âRight-hand Mikeâ or Mentor Mike) and other guest Mastermind contributors! [Find Out More]() Free Resource LEARN HOW TO DO IT YOURSELF Head to the TEAM HUB for more options training. Learn the basics of options, how to setup an account, and place your first Money Press trade through the Onramp. [Go to T.E.A.M. Hub](=) Treasure Trove Tidbits: Top headlines in a glance ð° [Lululemon has noted a change in the purchasing habits of it's U.S. clientele,]( resulting in a downward revision of its sales projections for both the first quarter and the entire fiscal year. [The rise in gasoline prices this week,](surpassed last year's average due to increased oil prices, decreased inventories, and the introduction of a pricier summer gas blend. [Apple Inc. investors face uncertainty as the company's services business outlook weakens.]()Shares plunged on Thursday, following a Justice Department lawsuit alleging antitrust violations. I hope you enjoyed this edition of "The Fogcutter". You can expect this in your inbox every Monday moving forward. Have a great week! - Preston [Unsubscribe]( Traders Edge Network
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