😵Why Student Loan Debt Cancellation Won’t Boost the Economy😵

Good morning. The Biden Administration is finalizing plans to cancel $10,000 in student loan debt... 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. The Biden Administration is finalizing plans to cancel $10,000 in student loan debt per borrower. While some would prefer to see all student loan debt cancelled, the real question is – what happens to the debt? Someone lent out the money, and they likely want to be repaid. In short, to cancel this debt on the part of a student, it will simply be transferred to the government’s books. Those who see the measure as vote-buying ahead of the midterm elections are right. The additional government debt, at a time when interest rates are rising, could weigh against any economic expansion in the coming months. However, in the short-term, it may free up some spending ability by some consumers, which may help fuel the market rebound from its recent drop into bear territory. But longer-term, it’s a reason to remain cautious. Now here's the rest of the news: Sponsored Content [What Is the Next Gen Coin?]( Experts are saying it will be 20 times bigger than bitcoin at its all-time high. [Get the full story 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 were closed on Monday, in observation of Memorial Day. Today’s TOP TIPS [Despite Short-Term Trends, Big Data Will Lead to Big Profits]( Many tech trends are under way today that will lead to big growth, especially when looking past today’s weak economy. One of those trends is big data, which looks at data sets too large and complex to be reviewed manually. Big data is already allowing companies to find new ways of doing business, with substantial improvements already. Yet the real value of that will only compound in time. » [FULL STORY]( [Insider Trading Report: 3D Systems Corp (DDD)]( Jim Kever, a director at 3D Systems Corp (DDD), recently picked up 10,000 shares. The buy increased his holdings by 2.5 percent, and came to a total cost of just over $106,000. The buy comes one week after the company president and CEO picked up 10,141 shares, also for a total cost of around $106,000. Going back over the past three years, company insiders, including both executives and directors, have been inclined to be sellers of shares. » [FULL STORY]( [Unusual Options Activity: Bank of America (BAC)]( Shares of megabank Bank of America (BAC) have shed about 13 percent in the past year. One trader sees a potential rebound playing out through the next year. That’s based on the March 2023 $50 calls. With 290 days left on the option, 12,368 contracts traded compared to a prior open interest of 367, for a 34-fold rise in volume on the trade. The buyer of the calls paid $0.55 to get into the trade. » [FULL STORY]( IN OTHER NEWS • [Core PCE Inflation Shows Slowing Trend]( Core PCE, a measure of inflation preferred by officials at the Federal Reserve, rose at a 4.9 percent annualized rate through April. That’s down from a rate of 5.2 percent in March. The decline was largely in line with expectations. The measure excludes food and energy prices, so consumers may still have a rough few months ahead. • [Two-Thirds of American Workers Report Pay Increases Are Lagging Inflation]( Wages have substantially rose over the past few years, but according to most Americans, increased pay has come in under inflation. That indicates that there’s been a decline in real terms, which could put a squeeze on workers. It could also create an opportunity for companies looking to hire to increase pay expectations. • [Mortgage Rates Dip Slightly]( 30-year, fixed-rate mortgages dipped to 5.10 percent last week. That’s the second weekly drop in a row, down from 5.25 percent. However, one year ago, mortgage rates stood at 2.95 percent, offering homeowners a far lower cost to carry the costs of their property. • [SPACs Increase Going Concern Warnings]( Over 25 companies that have gone public over the past two years via a merger with a special purpose acquisition company (SPAC) are now issuing a going-concern warning in their SEC filings. Many retail investors piled into these companies following the early returns of some companies that used this method to go public. • [Snapchat Rolls Out “Shared Stories” Feature]( Snapchat is rolling out a new feature designed to make collaborations and shared memories easier. Dubbed “Shared Stories,” the posts are automatically deleted after 24 hours. The feature also has content and blocking moderation, but may add to the platform’s ability to entice users to stay on for long periods of time. 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 We think there’s a good chance for some more strength here. This is sort of a classic bear market rally or bounce off the bottom. Inflation expectations have rolled over recently. - Troy Gayeski, chief market strategist for FS Investments, on why the market may trend higher in the next few weeks, even if there’s still a longer-term downtrend in place. Sponsored Content [What Is the Next Gen Coin?]( Experts are saying it will be 20 times bigger than bitcoin at its all-time high. [Get the full story here.]( Not sure the best way to get started? Follow these simple steps to hit the ground running. › Step #1 - Get These FREE Reports: [Warren Buffett's Top 5 Stocks]( | [10 Great Stocks Under $10]( | [7 High Yield Dividend Stocks]( › Step #2 - Join Our Premium Advisory: [The Next Superstock]( › Step #3 - Claim Your Free Copy Of: [Big Book Of Chart Patterns]( | [How to Trade Weekly Options For Weekly Income]( We just wanted to take a moment and say thank you so much for being part of our family! We are dedicated to teaching people how to make the world a better place so we can all thrive, together. We love sharing stories and featuring past learners who have applied our teachings and changed their situations. It’s our passion to build a strong community centered around fun and mindset! We love to discover extraordinary and useful tools and share them with the world! We create a space where people can discover how to enjoy their lives by simply choosing to learn. Every day we are building and strengthening partnerships with our customers and clients and we do so in the most ethical way possible. We particularly love working with artisans, makers, and small businesses because through their passion and their craft they help make the world a better place.. Without all of you we wouldn't be able to do what we do on a daily basis and for that we say thank you. We've been living our dream for many years now and that wouldn't be possible without every single one of you. The idea of going from a typical nine to five life to a life of freedom doesn’t seem real to most people, but we want you to know it is definitely possible. We’ve done it. You have the power to control your life, your actions, and what you choose to focus on. We’re here to help you along that journey to achieve whatever goals you set out for yourself. However, we also care about keeping you and your privacy safe. We are committed to advising you of the right to your privacy. We strive to provide a safe and secure user experience. Our Privacy Policy explains how we collect, store and use personal information, provided by you on our website. It also explains how we collect and use non-personal information. By accessing and using our website, you explicitly accept, without limitation or qualification, the collection, use and transfer of the personal information and non-personal information in the manner described in this Privacy Policy. Please read this Policy carefully, as it affects your rights and liabilities under the law. If you disagree with the way we collect and process personal and non-personal information, please do not use this website. This Policy applies to this website as well as all webpages Company hosts. It regulates the processing of information relating to you and grants both of us various rights with respect to your personal data. It also informs you of how to notify us to stop using your personal information. We are located in the United States of America. You may be located in a country that has laws which are more restrictive about the collection and use of your personal information. However, by using our website, you agree to waive the more restrictive laws and agree to be governed by the laws of the United States of America. If you wish to view our privacy policy, you can find it below. Nothing in this email should be considered personalized financial advice. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing The Company, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions. As defined in the United States Securities Act of 1933 Section 27(a), as amended in the Securities Exchange Act of 1934 Section 21(e), statements in this communication which are not purely historical are forward-looking statements and include statements regarding beliefs, plans, intent, predictions or other statements of future tense. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.  This email was sent to {EMAIL} by editor@tradingtips.com TradingTips.com | 3435 Ocean Park Blvd. Suite 107-334 Santa Monica, CA 90405 [Manage Subscriptions]( | [report SPAM]( Â