Lots of Data Is Hitting the Markets Today

March 06, 2024

By the way: 30 spots just opened up in my Catapult Alerts trading service. No guarantees, but go here to see if you can snag an open slot. 

Markets started cutting yesterday’s losses early… at the cost of stiff volatility. How volatile? The S&P 500 hit its daily expected move just as markets were opening.

A bounceback after a terrible day like Tuesday isn’t unusual, but volumes were impressive. Volume in the bond markets was up there, too, suggesting traders are feeling uneasy about all this - as they should. 

We’ve got a ton of economic data hitting today and over the next few days, plus some tea leaves from Jerome Powell to interpret.

TheoTrade Daily Chatroom Schedule for Thursday, March 7, 2024
9:20 AM to 10 AM: Don Kaufman
10 AM to 11 AM: Tony Rago
11 AM to 12 PM: Prof. Jeff Bierman
12 PM to 1 PM: Gianni DiPoce
1 PM to 2 PM: Brandon Chapman
2 PM to 3 PM: Blake Young
3 PM to 4 PM: Corey Rosenbloom

The Truth About Gold ETFs
The yellow stuff is hitting all-time highs as we speak, so naturally, interest in gold-backed funds is up there, as well. Some folks think a share of, say, GLD, is the same as having a bar stashed in your mattress. Nothing could be further from the truth. That’s what Brandon’s talking about right here… 

How Bitcoin Firms Deal with High Costs
Plenty of investors don’t think of this, but Bitcoin companies can actually wrestle with stiff carrying costs… that they pass on to you. Here’s Brandon with more… 

I Just Barely Managed to Swing This for You
We normally strictly cap our trading alert services, but inevitably, for all sorts of reasons, a spot or two opens up. I talked it over with our office manager and we’re able to fit a few more of you into Catapult. Go here for the details…

We’ll talk again soon,

Don Kaufman
Co-founder, TheoTrade