🏴‍☠️ The Pirate's Weekly Buried Treasure Bulletin - 2/12/24

February 12, 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 – direct, efficient, and available in your inbox every week. Here’s what we got on deck for you today: 💣 S&P 500 Sets New Record 💸 💣 Sam Altman's Trillion Dollar Plan 😱 💣 Mike's Indices Outlook 👀 Quick Glance 🔎 As of February 12 , 2024, 2:30 PM MST Why Do Pirates Wear Eyepatches? In every story, tale or movie about Pirates, they're always in search of lost treasure and they always have eyepatches. I always assumed the eyepatch covered some sort of injury, or a missing eye -- being as Pirates were constantly around swords, combat, etc. Make sure to read this week's Fog Cutter to discover what the real reasons for eyepatches were! --P S&P 500 Sets New Record 💸 Whether you're celebrating or mourning the win of the Chiefs yesterday, Wall Street is still celebrating the record close of the S&P 500 index which surged above 5,000 for the first time ever. Investors were ecstatic over lower-than-expected inflation data and positive quarterly earnings reports, particularly in the tech sector. - Amazon, Meta, Microsoft, and Nvidia have each generated around a 20% return to start the year, collectively contributing to about 70% of the S&P 500's gain. - Earnings reports were a focal point for investors during the week, influencing market direction due to their significance to Federal Reserve policy decisions. - Fed officials are monitoring price pressures and emphasizing the importance of confirming that inflation is genuinely cooling before considering any interest rate adjustments. [See Full Article]( Sam Altman's Trillion Dollar Plan 😱 OpenAI CEO Sam Altman aims to revolutionize the semiconductor industry with trillions in investments, per The Wall Street Journal. Facing supply-demand issues with AI chips, Altman wants to boost global chip-building capacity, engaging various investors, including the UAE government. - Altman addresses supply-and-demand challenge in AI chip sector, hindering OpenAI's growth. - OpenAI's ChatGPT success highlights importance of innovative AI infrastructure for global adoption and impact. - Potential need to raise $5-7 trillion for the initiative (WSJ). See Full Article Indices Outlook 👀📈 Last week we saw the markets continue to climb higher. On Friday we saw the S&P 500 break above the 5,000 level to set a fresh record high. If the index holds above this level, it's a psychological threshold that can symbolize the market's strength in Q1. You may have also seen the headline... "14 out of the last 15 weeks the markets have notched gains". Pretty impressive. At Trader's Edge, we discuss trading with the broad markets and why it should be a major focus in your investing strategy. Trading with the market momentum will make trading and investing much easier. Analyzing trends and using that info to influence how you're structuring your portfolio will make a big difference... so always keep that broad market analysis in the back of your mind as you trade. Preston likes to say, "Do you know when a stock is done going up? It starts going down." We usually get a slight chuckle from people when we say that, but until we start seeing the market drop or start trying to break from this uptrend, we will continue to ride the wave. Yes... everything feels extended to the upside, and some profit taking at some point is still to be expected, but we will analyze that once we start to see it happen. To wrap up, inflation data is going to be released this week and the market may be looking for a reason to take some profits... so be mindful of the CPI report coming out Wednesday and PPI being released Friday. Have a great one and see you next week! Mike Curtis Mumsy's Meme of the Week 😂 Happy Valentine's Day! GET YOUR COPY TODAY! The Money Press Method Is an extra $3-5k per month keeping YOU from being able to retire right now? If so, you need to see this... [Download PDF](=) Need more help? Gain exclusive benefits as a WOW Insider, including access to LIVE Friday morning webinars, 31+ training videos on Preston's option strategies, a member forum for Q&A, and updated trade journals. [Learn More]() Treasure Trove Tidbits: Top headlines in a glance 💰 [Disney (DIS) announced on Wednesday a 50% increase in its cash dividend]( alongside a robust fiscal first-quarter earnings report that surpassed expectations, with streaming losses showing improvement. The positive report sparked a nearly 12% surge in the company's stock price on Thursday. [The government's latest revisions, released Friday, revealed that consumer prices in the marketplace increased at an even slower pace than initially reported.]( While the adjustment is modest, it underscores a trend of moderating inflation as 2023 drew to a close, potentially giving the Federal Reserve more flexibility to consider interest rate cuts later in the year. [This week's IPO standout, Samsara (IOT), surged from a significant chart level recently,](=)signaling a bullish move and positioning the artificial intelligence frontrunner in a promising buy zone. Samsara's stock has earned a spot on Investor's Business Daily's IPO Leaders screen. Why Do Pirates Wear Eyepatches? Here's the explanation as to the real reasons why Pirate's wore eye patches! Historians have learned some interesting perspectives, mainly that pirates wore eye patches to enhance their night vision! If you think about it, there's a stark contrast from a sun drenched day above deck (not to mention the sun also reflecting off the water), compared to the dark environs below deck. Life at sea: Pirates had to know how to navigate every inch of their vessels, keeping in mind that below deck it was windowless and crowded. And for fast decisions, they had to act quickly! By wearing a patch over one eye, pirates could "trick" their vision, allowing them to adjust to darkness instantly. (They did so by switching the patch to the other eye, or simply lifting it up). Normally, it takes from 10 to 30 minutes for the human eye to completely adjust/see in the darkness. However, by wearing a patch over one eye, the covered eye was instantly ready for whatever the Pirate needed to see in the dark! Avast me hearties, now you know! 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 8180 South 700 East Suite 210 Sandy, Utah 84070 United States (801) 733-4190