☹️Don’t Get Too Excited for Stocks Yet—This Trend Shows More Pain Ahead☹️

Good morning. While the stock market posted a strong rebound in the past week, this may simply be... 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. While the stock market posted a strong rebound in the past week, this may simply be a bear market rally. Such a rally can take stocks of extreme oversold conditions, and potentially set the stage for a further decline. Last week’s confirmed GDP numbers, showing further weakness than originally reported, increases the risk that the economy is already in a recession. And other trends, such as a divergence between the US dollar and China’s yuan, which is usually loosely pegged to the dollar, indicates that there could be more downside ahead. Investors should continue to avoid leverage on the upside, look for downside plays, and stay defensive in long-term holdings by using strategies such as covered call writing. Now here's the rest of the news: Sponsored Content [The Dark Secret of the Energy Industry]( Most people don’t know this… But sixty percent of the energy that’s generated each year in America is wasted. That’s right — sixty percent! Yet a [tiny Silicon Valley company]( has just discovered how to use AI to tap this trillion-dollar treasure trove of wasted energy … and turn it into power we can use… Meaning this company’s growth could be almost unimaginable… [To watch this video for free, click here.]( MARKETS DOW 33,213.35 +1.77% S&P 4,158.27 +2.47% NASDAQ 12,131.13 +3.33% *As of market close • Stocks rallied on Friday, thanks to an early sign that inflation rates may finally be receding. • Oil rose 0.3 percent, closing at $114.47 per barrel. • Gold rallied 0.2 percent, ending at $1,852 per ounce. • Cryptocurrencies traded slightly lower, with Bitcoin at $28,816 at the stock market close. Today’s TOP TIPS [Even With Weak Earnings, Industry Leadership Matters]( In a bull market, great companies will rise… but so will ones that aren’t the leaders of their sector. When markets are in turmoil, it’s industry leaders that will likely perform best, even if they’re suffering from a drop in earnings. That can be seen with the most recent earnings season. Many companies across the board were down. But those that are leading in their industry have been faring relatively better. » [FULL STORY]( [Insider Trading Report: Blackstone (BX)]( James Breyer, a director at Blackstone (BX), recently picked up 9,326 more shares of the company. The buy increased his holdings by 37 percent, and came to a total purchase price of just under $1,000,000. This follows from a series of buys from another director over the past four months, totaling just over 10,000 shares. Going back over the past three years, these are the only insider buys at the company, with sales by company executives and insiders occurring on a regular basis. » [FULL STORY]( [Unusual Options Activity: Macy’s (M)]( Shares of department store Macy’s (M) soared nearly 20 percent last Thursday, as the company announced better-than-expected earnings. One trader sees the potential for shares to move higher. That’s based on the July $27 calls. With 46 days until expiration, 20,375 contracts traded compared to a prior open interest of 326, for a 63-fold jump in volume on the trade. The buyer of the calls paid $0.66 to get in. » [FULL STORY]( IN OTHER NEWS • [Americans Plan Holiday Travelling Despite High Gas Prices]( An estimated 39.2 million Americans are hitting the road this Memorial Day weekend, based on data from AAA. That’s an 8.3 percent increase compared to last year, but is also about 8 percent below Memorial Day 2019. This weekend marks the start of the summer driving season, which may be a bit muted this year given record-high gas prices. • [Justin Timberlake Sells Music Catalog]( Singer Justin Timberlake has sold his entire song catalog of around 200 songs. The buyer is Hipgnosis Song Management based out of London. While an exact dollar amount hasn’t been discussed, sources say the catalogue is valued at upwards of $100 million. • [Twitter Shareholders File Class Action Against Elon Musk]( A group of Twitter (TWTR) shareholders is suing Elon Musk, claiming that the billionaire has engaged in market manipulation, among other violations. The move comes as Musk’s plans to buy the social media platform have stalled over the issue of how many users are simply bots on the platform. Twitter is down less than half that of Tesla Motors (TSLA) since Musk announced his bid. • [Substack Cancels Plans for Series C Offering]( Newsletter platform Substack has been working on raising capital, potentially seeking between $75 to $100 million at a valuation between $750 million and $1 billion. However, those plans have been put on hold for the time being. At its Series B founding in March 2021, the firm was valued at $650 million. • [Fed Says Digital Dollar Could Coexist with Stablecoins]( The Federal Reserve has been looking at ways of implementing digital dollars. Vice Chairwoman Lael Brainard states that a US digital currency could compete in the marketplace with digital assets like stablecoins. Such assets today are privately-issued projects, and having a mixture would offer consumers more choices. S&P 500 MOVERS TOP ULTA 12.467% ADSK 10.306% MRNA 8.733% MPWR 8.106% TSLA 7.333% BOTTOM WDAY 5.567% BMY 1.869% CF 1.024% PM 1.018% C 0.869% Quote of the Day Rising mortgage rates have caused the housing market to shift, and now home sellers are in a hurry to find a buyer before demand weakens further. - Daryl Fairweather, Chief Economist at Redfin, on why housing prices may likely start to drop as more inventory comes onto market and sales slow. Sponsored Content [The Dark Secret of the Energy Industry]( Most people don’t know this… But sixty percent of the energy that’s generated each year in America is wasted. That’s right — sixty percent! Yet a [tiny Silicon Valley company]( has just discovered how to use AI to tap this trillion-dollar treasure trove of wasted energy … and turn it into power we can use… Meaning this company’s growth could be almost unimaginable… [To watch this video for free, click here.]( Not sure the best way to get started? 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