Today is Monday, March 28, 2022.
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Is the Stock Market Rigged?
The stock market is rigged and manipulated, according to Stefanie Kammerman, the founder and managing director of The Stock Whisperer Trading Company, in a new episode of the Early Bird podcast.
Tale of the Tape: Kammerman says that she examines the tape in order to see bad practices from large banks and institutional investors.
Swimming: The dark pool, which is an alternative market for trading used by institutional investors, is contributing to these problems, according to Kammerman.
Go for the Gold: Kammerman is also seeing some trends with the dollar right now and suggests that people buy real gold and solver.
Final Thoughts: How can investors profit off a rigged market? Kammerman explains in a new episode of the Early Bird podcast.
Notable Earnings Today: XPeng (NYSE: XPEV), Progenity (Nasdaq: PROG), Science Applications International (NYSE: SAIC), Marrone Bio Innovations (Nasdaq: MBII), Jefferies Financial Group (NYSE: JEF), Dave & Buster's Entertainment (Nasdaq: PLAY), CASI Pharmaceuticals (Nasdaq: CASI), Ginkgo Bioworks Holdings (NYSE: DNA), Venus Concept (Nasdaq: VERO), Aveanna Healthcare Holdings (Nasdaq: AVAH), Viomi Technology (Nasdaq: VIOT), Enthusiast Gaming Holdings (Nasdaq: EGLX), Bitfarms (Nasdaq: BITF), Lucid Diagnostics (Nasdaq: LUCD), Advent Technologies Holdings (Nasdaq: ADN), TPG (Nasdaq: TPG).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Peerless Public Safety Solutions (StartEngine), 7 Grain Army (MainVest), Vxtra Health (StartEngine), Dirty Lettuce (SMBX), Arboretum Trail Brewing Company (HoneyComb), Daily Blends (Honeycomb), TalkSocket by TalkGo (StartEngine), dexFreight (StartEngine), Bond Containers (StartEngine), Lonerider Spirits (Wefunder).
Notable Economic Events Today: Goods Trade Balance (8:30 a.m. ET).
Tesla Temporary Suspends Shanghai Plant
Tesla (Nasdaq: TSLA) wants to temporarily suspend production at its Shanghai factory for at least one day, according to a report on Sunday by Bloomberg.
Details: The report, which has not been confirmed by Tesla yet, says that the factory will be shut down for at least Monday, with plans to extend the suspension beyond that.
Background: Amid surging Covid-19 infections, Shanghai announced plans on Sunday to initiate shutdowns in the city.
Numbers: Shares of Tesla are up 16% in the past 30 days and up nearly 30% in the past six months.
Final Thoughts: Tesla is also trying to compete in China, which is home to other growing electric vehicle makers as well.
Is the Flattening Yield Curve All Bad?
Looking at the current flattening yield curve, is this all bad for investors?
Definition: A flattening yield curve refers to there being no discernible change in rates between short-term and long-term bonds. It is a popular economic indicator for investors.
Labor: While there is a flat yield curve, parts of the economy are still strong. This includes the robust labor market.
Slowdown: Economists see activity slowing down at some point this year.
Final Thoughts: The Federal Reserve’s ability to increase its rates will also impact the markets this year as well.
Trends to Watch
Peril: The Riskiest Bets in the Stock Market Are the Most Popular (The Wall Street Journal)
Increase: Bitcoin and Ethereum Spike 5% Amid Crypto Market Sunday Surge (Decrypt)
Unbelievable: Elon Musk says he's seriously considering creating a new social media platform (CNN)
Rejection: Hasbro snubs Alta Fox board nominee offer in settlement talks (Reuters)
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