😶While China’s Bursting Debt Bubble Be Contained?😶

Good morning. Yesterday marked the 13th anniversary of the collapse of Lehman Brothers... It’s the monthly jobs numbers today and they’re not going to be pretty and will be possibly the tip of the iceberg as we head into May. [Trading Tips] Good morning. Yesterday marked the 13th anniversary of the collapse of Lehman Brothers, a “victim” of overleverage on the US housing market. Yesterday also marked the day when Evergrande, a Chinese real estate firm, stated that it wouldn’t pay interest on its already-collapsing bonds. For years, many have warned about the size and rate of China’s real estate buildup, from empty cities to investment homes that sit unused (one of the few places where citizens can park cash). While we’re optimistic that the damage can be contained to China and not impact global growth too much, we also can’t help but feel that this may be a big catalyst for any market selloff in the coming weeks. If you haven’t started lightening up on your most leveraged trades (or adding some of the put trades from our recent Unusual Options Activity articles), time may be running out. Now here's the rest of the news: Sponsored Content [Man Who Predicted 2020 Crash Says "Do This" in September.]( Man who called the 2020 crash 45 days early shares "alarming" signals from the stock market today and what it means for September... [Learn More]( MARKETS DOW 34,805.34 +0.66% S&P 4,479.65 +0.82% NASDAQ 15,161.53 +0.82% *As of market close • Stocks shot higher on Wednesday, shaking off early losses. • Oil rose 3.1 percent, closing at $72.65 per barrel. • Gold declined 0.7 percent, last going for $1,795 per ounce. • Cryptocurrencies trended higher, with Bitcoin at $48,062 at the stock market close. Today’s TOP TIPS [New Leadership Can Revitalize Even a Top Company]( Company leadership changes over time. New leadership can bring about fresh energy, new ideas, and potentially find new ways to grow a business. Such leadership doesn’t always have to come from the CEO seat as well. That could be the case with Goldman Sachs (GS), which just announced a new CFO to replace the retiring one after a three-year tenure. » [FULL STORY]( [Insider Trading Report: Teledyne Technologies (TDY)]( Jason VanWees, an Executive Vice President at Teledyne Technologies (TDY), recently picked up 1,500 shares. The buy increased his stake by nearly 4 percent, and came to a total price of $639,000. This marks the first insider buy since March, when a cluster of company insiders picked up shares. Prior to that, company insiders have been sellers going back to 2018. Insiders own about 1.3 percent of the company. » [FULL STORY]( [Unusual Options Activity: Comcast Corporation (CMCSA)]( Shares of cable giant Comcast Corporation (CMCSA) slid on Tuesday as the company warned on declining cable subscribers. One trader sees the room for a further drop in the months ahead. That’s based on the November $50 puts. With 64 days left on the trade, over 32,100 contracts traded against an open interest of 201 contracts, for a 160-fold jump in volume. The buyer of the puts paid $0.85 to make the trade. » [FULL STORY]( IN OTHER NEWS • [Mortgage Demand Jumps as Listings Rise]( Applications for home mortgages rose 7 percent compared to the prior week, jumping back to the highest level since April. Home listings have been on the rise as well. In the meantime, applications to refinance a home have dropped 3 percent compared to the prior week, a sign that many homeowners may have already taken advantage of low rates. • [High Steel and Aluminum Prices Point to Continued Production Issues]( Prices for steel and aluminum have been at their highest in years, with capital and labor flowing into the sector. Manufactures expect China, which produces more than half the world’s supply, to slow production in the months ahead, which could lead to higher prices and supply issues in everything from cars to soup cans. • [Consumer Confidence Drops in China]( China, the world’s second largest economy, is seeing slower growth in the months ahead as Covid outbreaks and flooding in the country are impacting the economy. After retail sales there rose 8.5 percent in July, the growth slowed to 2.5 percent in August. While industrial production is up for now, rolling lockdowns in some areas and reduced travel and tourism spending may continue to weigh. • [Walmart Developing Autonomous Delivery Service]( Retailer Walmart (WMT) is working on an autonomous delivery service, partnering with carmaker Ford (F) and startup Argo AI for self-driving technology. The company plans to roll out the service initially in Miami, Austin, and Washington DC. Users will be able to place online orders for groceries, and have vehicles deliver them to homes. • [Amazon Bumps Starting Pay to $18 Per Hour]( Amazon (AMZN) is looking to hire 125,000 drivers and warehouse workers in the months ahead in various locations throughout the country as it expands locations. They’re also raising starting pay to $18 per hours, and as high as $22.50 in some markets. S&P 500 MOVERS TOP EOG 8.329% FANG 7.796% MRO 7.673% XEC 7.428% DVN 7.287% BOTTOM WYNN 6.298% EA 5.73% SBUX 3.55% MGM 2.487% LYV 2.413% Quote of the Day What we need to see to be fundamentally markets supportive is a continued easing in the inflation piece without deterioration in the economic outlook… The next couple of weeks, economic data points become even more important to see whether it confirms the weakness that we saw on the August jobs report or starts to suggest that maybe we’re seeing an improvement. - Liz Ann Sonders, Charles Schwab chief investment strategist, on why economic data needs to continue to improve in order to justify the continued rise in the stock market. Sponsored Content [Man Who Predicted 2020 Crash Says "Do This" in September.]( Man who called the 2020 crash 45 days early shares "alarming" signals from the stock market today and what it means for September... [Learn More]( Not sure the best way to get started? 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