From Marvin Schulz, staff writer, Palm Beach Research Group: I assume you just found out about The Palm Beach Letter. And now you’re doing your due diligence to answer your burning question: Is The Palm Beach Letter any good? Two years ago, I asked myself the same question. Below, you’ll find my detailed report after […]
Twenty-four-year-old trader Matt Reed lost his entire life savings—$180,541.79—in less than a month. He put it all into the options market. His final trade was buying call options on wearable fitness device maker Fitbit. The trade went south, and his account went to zero. Here’s (some of) Reed’s account of what happened (posted on trading […]
Bloomberg reports former EOG Resources (an oil and gas company) CEO Mark Papa sees oil prices lagging for the next 16-24 months.
Car buyers in Venezuela—a country of 30.85 million people—bought 387 vehicles last month. No, not 387,000 cars… 387, according to Bloomberg. It’s a 99.6% crash from the country’s auto sales peak in 2007. If you’ve followed oil’s price over the last decade, you’ll notice an interesting correlation between Venezuelan car sales and the price of […]
Last month, we highlighted a bleak warning from legendary hedge fund manager Ray Dalio.
A recent Bloomberg poll shows 20% of economists believe a nationwide recession will hit this year. That’s the survey’s highest number of “bears” since 2013.
Safe manufacturers. The Wall Street Journal reports safe sales are up 250% over last year at Japanese hardware company Shimachu. One $700 model is sold out throughout the entire country. Regular Daily readers know what’s spurring the safe frenzy: negative interest rates. The Bank of Japan (BOJ) lowered interest rates into negative territory on January […]