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Institutions
Institutions
Institutions control the overwhelming majority of the power to sway the markets. Blue chip companies – check who hold their largest voting blocs – it’s the institutions: BlackRock, Vanguard, et al. Who controls the ETFs? The pension funds that the peasants store their measly savings in? The same old boys’ club. It is they who set the share prices, period.
Everyone talks about how it’s FOMO that’s driving prices up the wall. But because they aren’t allowed to, no one ever talks about the puppet masters behind the scenes. Yes, maybe the retail trade sector has some nominal influence to an extent but the real clout is held by the big guns. AND the exchanges that the populace punt on. That’s why, if you’ll notice, the markets move in almost perfect lockstep. They move these massive blocks at the precise time of their choosing. No one ever talks about how the institutions know exactly where the market is going at any given point in time not because they can predict the future but because they are the ones that manipulate it and set the prices.
Who came out and called the bottom after the smoke cleared and the dust settled? Larry Fink who advises Trump and heads BlackRock, a firm that has been tasked by the Fed to run several stimulus programmes, and strategists’ at Goldman Sachs, among others. Rick Rieder, also of BlackRock, sits on a committee of the New York Fed. The lion’s share of the newly printed stimulus trillions is flooding into their coffers and washing out all the bad debt. Voila, their books are squeaky clean all of a sudden. Where do they pour this fresh cash? Into the markets, inflating it and thereby locking out everyone else.
In this thinly-veiled vulgar display of crony capitalism, they have flaunted that they will never be held accountable and thus the same tired behaviour will continue ad infinitum, and the next decade/s-long bull market will no doubt be a repeat of the infantile card pyramid debt-stacking that we’ve all seen eventually fall over and over, time and time again, the mess promptly swept under the rug by Uncle Sam in a mammy apron.
Meanwhile, stimulus for main street and the working class quickly runs out, having been reduced to sloppy seconds by the ruling class who must always have their fill first, yields of anything other than equities, and maybe gold, are negative or at best infinitesimal, market valuations are at exorbitant and hardly-justifiable all-time highs, and the commonfolk are once again caught holding the bag with a quickly-sinking economy, ever-increasing and never-before-seen levels of unemployment and rapidly-rotting debt, and of course, the piece-de-resistance, the cherry on the creampie, a horrendously-manhandled health crisis, haphazardly steered by a drunk driver who’s only destination is reelection, passengers’ destination be damned.
Needless to say, with election season swiftly approaching, Trump, with a fire under his ass, has persisted to vigorously whip JPow’s already-red-raw booty, to get him to crank that printer ever faster in an explosion of meaningless paper.
submitted by /u/TonyDarkSky
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Invested in 6 companies – what’s next?
Hi guys,
About a month and a half back I figured out it's about time I begin investing since I'm 26.
Encouraged by using Revolut as my financial management instrument I bought a bunch of stocks and have driven minor analysis. Decisions that I have made are based on two factors:- Products that I am personally using + a lot of buzz among my millenial friends.
- Reading charts + checking most recent news.
Within a month and a half I have built a portfolio of 6 different companies and my picks were:
ETSY -> up 52.96% to date
BYND -> up 62.67% to date
UBER -> up 54.78% to date
HLTN -> up 14.81% to date
NPTN -> up 9.7% to date
GRPN -> down 14.07% to date
Overall my portfolio is up 30%. How do I keep growing from that point? I really would like to make sure my portfolio is well maintained but I don't want to make it my daily obsession. I would really like to make it as passive as possible while keeping my portfolio healthy. Should I sell some of the stocks sometimes? Should I keep on investing in the ones that I currently have – if so when is the right time? How to best manage what I currently have?
Thanks a lot in advance for your help, and wish all the best to everyone on the journey to secure their future.
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Mark Cuban and Elon Musk disagree on how to save the US economy
The two businessmen are incredibly influential on Twitter and beyond. Their views have shaped the stock market. Evidence suggests that Bitcoin still tracks the stock market.
In brief:
- Elon Musk and Mark Cuban disagree on how to relaunch the US economy.
- It has been hit hard by the coronavirus pandemic.
- Musk is pushing for the economy to reopen. Cuban doesn’t things to go back to normal just yet
- They are influential and their words have moved markets.
Read more: Mark Cuban and Elon Musk disagree on how to save the US economy
submitted by /u/SaneFive
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US$59.83 – That’s What Analysts Think Moderna, Inc. (NASDAQ:MRNA) Is Worth After These Results
Shareholders of Moderna, Inc. (NASDAQ:MRNA) will be pleased this week, given that the stock price is up 17% to…
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Musk Emerges as Loudest Reopen Proponent With Tesla Threats
(Bloomberg) — Tesla Inc. asserts that restarting its operations in the midst of the coronavirus pandemic doesn’t make the company an outlier, nor is it going against the grain.But its chief executive officer’s handling of the health crisis has been anything but ordinary. Tesla sued the county blocking its car plant from reopening, with Elon Musk calling the local health officer — a former infectious diseases professor with a master’s degree in public health — “unelected & ignorant.” He threatened to move Tesla’s headquarters out of California, warning that all its manufacturing may leave the state, too.The weekend flare-up was without precedent in the three months since the first confirmed Covid-19 death in the U.S. — a resident of Santa Clara County, home to Tesla’s headquarters and neighbor to its factory in Fremont, California. As the nation’s death toll approaches 80,000, Musk has emerged as arguably the loudest voice in corporate America advocating for the economy to reopen.“I’m not messing around,” the 48-year-old billionaire tweeted after Tesla filed its lawsuit against Alameda County. “Absurd & medically irrational behavior in violation of constitutional civil liberties, moreover by *unelected* county officials with no accountability, needs to stop.”Tesla shares fell 2.7% as of 7:20 a.m. Monday in New York, before the start of regular trading. The stock has soared 96% this year.Auto RestartTesla does have a case to make for being unexceptional within the auto industry. Ford Motor Co., Fiat Chrysler Automobiles NV, Toyota Motor Corp. and others also have set dates for restarting their operations, only to then call off those plans due to shutdown orders.Daimler AG has reopened a Mercedes-Benz plant in Alabama, as has its German peer BMW AG in South Carolina. Toyota and Honda Motor Co. will resume work at U.S. factories this week, followed by General Motors Co., Ford and Fiat Chrysler on May 18.But no carmaker other than Tesla has publicly attacked local health officials or threatened states over shelter-in-place measures that virtually wiped out North American vehicle production for more than a month.Read more: What you need to know about the U.S. auto industry’s restartDuring GM’s first-quarter earnings call on May 6, CEO Mary Barra said the automaker was having “very constructive” conversations with government officials.“We’re in a good position as we talk to country leaders and state leaders,” she said. “We’ll continue to have dialogue with our unions, as well as with the government leaders, to do the right thing.”Bay Area ExceptionTesla’s handling of the health crisis also has been unique among companies in the San Francisco Bay area. Ajay Shah, the CEO of Smart Global Holdings Inc., last month credited Alameda for allowing the manufacturer of memory modules to continue operating.“We’ve had discussions with the Alameda County health authorities and show them exactly what we’re doing and they’ve been satisfied with it,” Shah said on an April 7 earnings call.Earlier: Tesla’s drive to stay open irked officials who saw health riskFaceboook Inc. CEO Mark Zuckerberg, whose staff can more easily work from home than Musk’s manufacturing employees, has voiced his concern about lifting stay-home measures too soon.“While there are massive societal costs from the current shelter in place restrictions, I worry that reopening certain places too quickly before infection rates have been reduced to very minimal levels will almost guarantee future outbreaks and worse longer-term health and economic outcomes,” Zuckerberg said during Facebook’s April 29 earnings call.Back to WorkOn the same day, Musk called shutdown orders “fascist” and unconstitutional, likening them to forcible imprisonment and saying they were “breaking people’s freedoms in ways that are horrible and wrong.” His comments were embraced by some Silicon Valley venture capitalists and political conservatives.Tesla released a 38-page “Return to Work Playbook” late Saturday laying out the safety protocols it will adopt at all of its facilities. While the company will disinfect work areas, enforce social-distancing precautions and provide personal-protective equipment, among other measures, the document doesn’t include any plans to test workers other than by checking their temperatures.Alameda officials have said more testing needs to come online and that Covid-19 case counts need to drop before they’ll feel comfortable moving to the next phase of reopening.Tesla has signaled it may disregard Alameda’s order, saying in a blog post Saturday that it had “started the process of resuming operations.” Several Fremont workers shared text messages with Bloomberg News in which supervisors were calling them back to the factory.“Our employees are excited to get back to work, and we’re doing so with their health and safety in mind,” the company said.(Updates with pre-market trading in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Bristol-Myers Squibb Company (NYSE:BMY) Just Reported, And Analysts Assigned A US$65.94 Price Target
Last week saw the newest quarterly earnings release from Bristol-Myers Squibb Company (NYSE:BMY), an important…
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BA owner says burning cash, quarantine plan will make it worse
British Airways owner IAG has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the aviation industry warned of the fresh damage it would suffer if Britain quarantines international arrivals. Willie Walsh told parliament’s transport committee IAG would have to review plans to resume flying in July if the government pressed ahead with plans to introduce a quarantine on most people coming into the country by air as part of measures to prevent a second peak of the coronavirus pandemic. While Walsh said IAG was not in a position where it had to ask for a specific bailout from the government, he added the quarantine plan would add to the pressure on the group.
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5/11 Critical Resistance, Long List
Market Notes:
Last week the S&P 500 had a strong rally off of support. As earnings season winds down the S&P 500 is up against some old resistance from last August.
The VIX remains relatively low this morning in a positive sign for the bulls. Futures are drifting lower ahead of the open. We may be entering summer with lower volatility, I think the market is waiting on the next catalyst.
Bitcoin failed to hold $10,000 this weekend. The halving is tomorrow. On watch but no trade planned at this point.
Watchlist:
RVP is a low float with resistance in the $5.30s
NBSE is a low float with resistance at $8.85
TORC is a lowish float Resistance at $2
PRTS is an earnings winner, lowish float, watching for some volume to come in first
VUZI another lowish float, support at $2.50, resistance at $3
MARK has resistance at $1.18
MCRB has support at $4.50
ZEST watching for a setup above $1.40
VHC watching for a continuation
BCRX has support at $4.30
SWN watching for a setup above $3.25
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