It’s Approval Day – Was the SEC Hacked?
Today is the day we expect to see the SEC approve multiple Bitcoin ETFs including $GBTC. The announcement could come at any time, but is most likely to be after the close. A few points: 1) Yesterday, the SEC posted on X (Twitter) that it had approved the ETFs, then withdrew that stated approval claiming … Read more
5 Things to Know – Video Version – The Panic Issue
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The Panic Issue This week, we’ll address the following topics: – 3Q GDP revised down. Should we panic? – FedEx ($FDX) lowers guidance. Should we panic? – Philly Fed announces a huge … Read more
Weekly Points – December 22nd, 2023 – 5 Things to Know in Investing This Week – The Panic Issue
GDP was revised down, but is still at a high level due largely to massive Congressional overspending. FedEx provides a warning about future demand which is then confirmed by November’s PCE data. The Philly Fed shows a massive decline in new orders. Even retail powerhouse, Nike ($NKE) had a bad quarter and gave disappointing forward … Read more