Archive for the ‘ValueWalk’ Category

Gold Bullion Demand Hits Record Volumes in USA

By James Anderson. Originally published at ValueWalk.

physical gold bullion gold supply chain

With ongoing bailouts exploding the fiat US dollar’s M1, M2, & M3 supplies at record paces. It is not surprising to see physical gold bullion USA imports now hitting 21st Century high levels.

Q1 2020 hedge fund letters, conferences and more

U.S. Physical Gold Bullion Imports

Most of this recent record-sized US gold import volume is being delivered from Switzerland which has four of the five largest gold refineries in the world.

It is safe to assume that the over $3 billion and then $6 billion of gold imported into the USA in March and April 2020 respectively are newly refined gold bars.

Judging by ongoing COMEX data (US gold futures exchange), most of these fractional reserve gold holdings have found their way into Brink’s NY.

Record Swiss-US Gold Imports While China & India Are Locked Down

physical gold bullion

Typically the Swiss refine physical gold where it is demanded most, in the east. Most gold from Switzerland since the 2008 GFC has been bound for China and India.

What is going to happen with the 2020s gold price and gold market once China and Indian demand return back towards normal pre-viral crisis levels likely by this coming September?

In the following bullion market update, we examine ongoing financial bailouts versus big bank gold trading losses versus record-paced Gold ETF and US physical gold bullion import demand.

Gold Bullion Demand is Overwhelming the System

So we now have looting and many riots in major cities amidst over 40 million recently unemployed in the USA. Much of this looting is ruining businesses that were likely already on the threshold of bankruptcy thanks in large part to being shut down for months due to the viral crisis.

And we have a private central bank that has used terms like infinite QE while it has effectively melded with the US Treasury to bail out over $4.5 trillion without any ability of US Citizens to audit where those fund flows are going.

Meanwhile, the NY Fed REPO loan ramp saga which began in September 2019 is still ongoing with tens of billions needing to be lent out overnight daily…
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Small Businesses Need PPP Flexibility Act To Become Law

By Jacob Wolinsky. Originally published at ValueWalk.

ppp flexibility act Tail risk strategies

Small biz need PPP Flexibility Act to become law, as well as a longer term program

Q1 2020 hedge fund letters, conferences and more

Small businesses need all these adjustments, but there are still multiple gaps, including data collection and money for PPE

The Passage Of The PPP Flexibility Act

On the passage of the PPP Flexibility Act in the Senate last night, Executive Director of the Main Street Alliance Amanda Ballantyne has this to say:

“The Paycheck Protection Flexibility Act is a first step in addressing the design flaws of the PPP and must immediately go to the President’s desk to become law, however, additional support is necessary to address the ongoing crisis millions of small business owners are still facing.

As protests continue across the nation, we cannot ignore that the PPP is another government program that has continued to expand racial wealth inequality with new data showing that Latinx and Black small businesses have closed at 1.5 times and double the rate respectively, compared to overall small businesses. The PPP fixes are necessary, but still fail to address the continued crisis of access to funding for these small businesses.

Expanding the time horizon, and reducing the fixed percentage on payroll for loan forgiveness are critical improvements.

Small Businesses Have Already Spent Their PPP funding

The PPP Flexibility Act extends the timeline — but not the funding for small businesses. Most small businesses have already spent their eight weeks of PPP funding — but it will be months or more before businesses are able to safely reopen and consumer confidence is back to create demand and profitable businesses.

We must make these short-term changes to PPP to improve functionality. But we need a comprehensive longer term solution that recognizes the financial crisis Covid-19 has created for small business and our entire economy. 

Payroll subsidy programs like the Senate’s Paycheck Security Act, also introduced last week by Senators Sanders, Warner, Blumenthal and Jones, reflect the on-going nature of this crisis, is a policy idea that has bipartisan support and would be part of larger set of policies that works in tandem with the PPP to provide the kind of support we need…
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Colleges Don’t Need Liability Protection To Open

By Jacob Wolinsky. Originally published at ValueWalk.

Assume risk Political Leaning

Colleges Don’t Need Liability Protection to Open; A Simple Proven Alternative Already Exists – Expert

Q1 2020 hedge fund letters, conferences and more

WASHINGTON, D.C. (June 3, 2020) -  At a Senate hearing on Thursday, many higher educational organizations will be asking for immunity from COVID-19-related lawsuits should they reopen campuses this fall, but Senator Patty Murray, among many others, said she opposes “granting a ‘liability shield’ because it would essentially say, ‘it’s okay if students or employees get sick.’”

A Third Option

But there’s a third option – a simple proven alternative compromise solution – which would help shield educational organizations without awarding them blanket immunity, while at the same time permitting them to return to in-classroom instruction for students who demand it, and are willing to accept the unavoidable risks of classroom instruction, says public interest law professor John Banzhaf.

Banzhaf, who has been called “a Driving Force Behind the Lawsuits That Have Cost Tobacco Companies Billions of Dollars,” and “The Man Big Tobacco and Now Fast Food Love to Hate,” helped persuade Congress not to grant immunity to the tobacco industry and to the food industry (in the infamous “cheeseburger bill”).

Although the risks of becoming infected in a classroom cannot be completely avoided – even if students are required to wear masks, are seated far apart, and a 6-foot social separation rule can somehow be maintained without a single exception – that doesn’t necessarily mean that no classroom instruction should begin in the fall.

Since the individual risk to mostly young and largely healthy college students is very small, they may be willing to assume it for the benefits they see from in-classroom instruction, at least for some classes, and to avoid the kind of bad on-line instruction most just experienced – largely so unfavorable that they call it “ZOOM U.”

Students “Assume The Risk” Of Getting Infected

If these students are willing to assume the risk of infection, then universities can, if they wish, ask the students to sign a release or waiver, similar to the releases they are accustomed to signing when they go skiing, engage in organized commercial activities such as rock climbing, or rent an e-scooter.

In all such cases – i.e., skiing, rock climbing,…
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JDE Peet’s IPO: Classic Story, Classic Investment Case

By Alex Gavrish. Originally published at ValueWalk.

fall luckin coffee JDE Peet

Alex Gavrish discusses JDE Peet’s IPO

Previous IPO we discussed was TeamViewer AG which started trading on September 25th, 2019. Teamviewer priced its IPO at EUR 26.25 per share, with Permira funds selling a 42% stake in the company.

Q1 2020 hedge fund letters, conferences and more

Since our recommendation on October 23, 2019 shares of TeamViewer performed extremely well (both before and especially after COVID-19 crisis developments). At the current market price of about EUR 46 per share, shares returned 95%.

JDE Peet’s IPO

We believe that the recent IPO of coffee maker JDE Peet’s provides investors a classic story and classic investment opportunity.

JDE Peet’s started trading at Euronext on May 25, 2020. Company raised approximately EUR 700 mil by issuing 22.2 mil new shares while existing shareholders sold an additional 49.2 mil shares at an IPO price of EUR 31.5 per share. Funds managed by Soros Fund Management LLC have subscribed for an aggregate amount of EUR 761 million, taking approximately 33% of IPO shares.

Mondelez international will retain a 23.4% stake while Acorn Holdings (JAB) will retain a 62.2% stake. JDE Peet’s free float post IPO will therefore be 14.4% percent only.

At the current market price of EUR 37 per share, the company has a market capitalization of EUR 18.3 billion and an Enterprise Value of about EUR 24.1 billion, valuing the company at an EV/Adj EBITDA multiple of x15. Assuming a 70% free cash flow conversion rate (according to IPO prospectus), JDE Peet’s has a Free Cash Flow Yield of 6.15%.

Soros Fund Management’s Participation Makes JDE An Attractive Investment

We believe that participation of Soros Fund Management in the IPO (33% of IPO shares), low free float, reasonable valuation multiple and attractive free cash flow yield make JDE Peet’s shares an attractive investment.

In addition to this, current dislocations in the market due to COVID-19 crisis make the company extremely attractive due to the defensive nature of its products and sector. Investors do not have many investment opportunities of such kind in the current market environment, and we believe that shares warrant a higher valuation multiple. Expansion of valuation multiple to x18.5 and an annual growth of 5% in Adj EBITDA could…
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COVID-19 Puts AI M&A In The Spotlight

By Jacob Wolinsky. Originally published at ValueWalk.


COVID-19 puts artificial intelligence AI M&A in the spotlight on the back of record deal volumes in 2019, says Hampleton Partners’ report

Q1 2020 hedge fund letters, conferences and more

  • AI-driven remote security and monitoring of social distancing and mask-wearing, plus fever detection technology is in play
  • AI technology is adding value across all sectors with healthcare, automotive, finance, education and security benefitting most in current conditions


London, UK – 4 June 2020.  The AI M&A market report from Hampleton Partners, the international technology mergers and acquisitions advisor, reveals the year 2019 saw a total of 279 deals – more than the 261 AI deals recorded across 2017 and 2018 combined. The first quarter of 2020 recorded a promising 95 deals.

Heiko Garrelfs, Sector Principal, Hampleton Partners, said: “On the back of record AI deal volumes in 2019 the arrival of Covid-19 is putting artificial intelligence innovators and companies further in the spotlight for strategic buyers.

“New norms such as health checks and social distancing at work are driving AI adoption and adaptation. Companies are having to find new ways of automating processes and drive cost-efficiency as, in many sectors, their profits are coming under pressure.

“On the home front, if ‘stay at home’ and ‘shelter in place’ orders continue, we expect to see more language analysis, chatbot and personal assistant AI deals beyond the usual suspects of Apple, Amazon and Google.”

Hampleton’s Artificial Intelligence M&A report analyses transactions, trends and activity across the quantitative analysis, vision, and language analysis segments. It also features interviews with two of the sector’s pioneers: Albert Stepanyan, founder and CEO,, the AI-based protective intelligence suite that enhances security operations; and Artem Rodichev, Head of AI, Replika, which has created an AI-friend experience chatbot, proving popular with those under 25 years of age.


Most Active Sector And Largest Deals

AI used for the purpose of quantitative analysis represented 70 per cent of all AI deals between May 2019 and May 2020. It remains the technology of choice for acquirers seeking to capitalise on efficient ways of processing, automating and augmenting large amounts of data.

The segment also saw the largest AI deals, courtesy…
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What A Larger Than Expected ECB QE Bond Purchase Program Means

By Jacob Wolinsky. Originally published at ValueWalk.

QE Bond Purchase shield PPP bailed out Representative Jayapal Toxic Shock Uber Mask CPI numbers Coronavirus Deaths Cost-Benefit Analysis COVID-19 Affect Finances market down

The following are the comments from Henderson Rowe’s Artur Baluszynski and Kingswood’s Rupert Thompson, discussing the recovery of the EU economy, the worst contraction in employment and ECB’s QE Bond Purchase Program.

Q1 2020 hedge fund letters, conferences and more

The Differing Indicators With Regards To The Recovery Of The EU Economy

Commenting on differing indicators with regards to the recovery of the EU economy, Artur Baluszynski, Head of Research at Henderson Rowe, said: “Lagging indicators such as the unemployment rate are showing a really bad state of affairs for the EU economy while leading indicators such as PMI are showing signs of recovery. The speed at which EU governments will choose to exit lockdowns and barriers to international travel will dictate the pace of the recovery from here. There might be a chance that Southern Europe can salvage what’s left of the Summer season, a prime time for seasonal hiring”.

The Worst Contraction In Employment Since The Great Depression

Commenting on the worst contraction in employment since the great depression, Artur Baluszynski, Head of Research at Henderson Rowe, said: “Recent data shows that over 40 million Americans have filed for unemployment but the pace is decelerating which means that people are slowly starting to return to work. However, this figure means that we are looking at an unemployment rate of approximately 25% in the US. If one considers that it took only three months to achieve such a high figure, this must be the worst contraction in employment since the great depression”.

ECB’s QE Bond Purchase Program

Commenting on a larger than expected ECB QE bond purchase program, Rupert Thompson, Chief Investment Officer at Kingswood, said: The ECB has boosted the size of its covid-related QE bond purchase program by €600bn from €750bn to €1350bn and extended its operation until at least June 2021. The increase was somewhat larger than expected and follows recent moves by Germany and the EU more generally to step up their fiscal stimulus. The ECB move came despite the German Constitutional Court’s move a few weeks ago to stymie the ECB’s bond buying. These moves mean the EU, which has lagged considerably behind the US in terms of its policy stimulus, has now
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Stimulus check round 2: Where do we stand?

By Michelle Jones. Originally published at ValueWalk.

stimulus check round 2

The situation involving a round 2 of IRS stimulus checks continues to evolve. It seemed like there was no chance for a second round of coronavirus stimulus checks, but that may be changing. Lawmakers may be moving closer to acting, especially if the Trump administration influences Republican lawmakers. Here’s the current status of a round 2 of IRS stimulus checks.

Q1 2020 hedge fund letters, conferences and more

Status of round 2 of IRS stimulus checks

Right now there’s no clear package that has the approval of most lawmakers. The bickering and debate continues on Capitol Hill. The HEROES Act, which was passed by the Democrat-led House, appears essentially defunct. President Trump and Senate Republicans have called it “dead on arrival,” and that certainly appears to be the case.

Even if the HEROES Act never comes up for a vote, it doesn’t mean that round 2 of IRS stimulus checks won’t happen. McConnell has said that the next stimulus package will be written in the Senate and be the last such bill. Based on that comment, it sounds like the Senate will start from scratch on a new bill, which would mean that if both sides of the aisle can come to an agreement, it will then have to go to the House for a vote.

Possible timing of coronavirus stimulus checks round 2

The timing of a round 2 of IRS stimulus checks is up in the air. The White House is said to be working on another stimulus bill this week as President Trump was scheduled to meet with advisors to talk about it. However, Senate Majority Leader Mitch McConnell has said that people shouldn’t expect more stimulus until early next month.

That could mean that lawmakers will start debate on another package soon with the goal of passing it in early July. On the other hand, it could also mean that the Senate will wait to even start debate on another stimulus bill until next month.

Even if McConnell wants to wait for a month before starting debate, it’s possible the Trump administration could convince him and other Republicans who want to take a wait-and-see approach to move faster than they currently want to move. If the Trump…
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IRC: PPP Fixes Give Independent Restaurants Hope

By Jacob Wolinsky. Originally published at ValueWalk.

PPP Restaurants Paycheck Protection Flexibility Act Independent Restaurants Top 10 Best Restaurants In The World

Independent Restaurant Coalition: Paycheck Protection Program (PPP) Fixes Give Independent Restaurants Hope

Q1 2020 hedge fund letters, conferences and more

WASHINGTON, D.C. — Today, the Independent Restaurant Coalition (IRC) released the following statement on the passage of the Paycheck Protection Program Flexibility Act in the United States Senate:

Flexible PPP Funds Give A Fighting Chance For Restaurants

“By making PPP funds more flexible, Congress is giving independent restaurants a fighting chance at reopening. Republicans and Democrats put forward a bill that gives many restaurant owners some hope amidst these unprecedented times. We are grateful for Senate Majority Leader Mitch McConnell, Minority Leader Chuck Schumer, Senators Ben Cardin, Steve Daines, Cory Gardner, Tim Kaine, Angus King, Marco Rubio, Debbie Stabenow, Thom Tillis, and Reps. Dean Phillips and Chip Roy, who were among the first to listen to the unique needs of independent restaurants during this crisis.

“Even with these changes, many restaurants will still have a hard time surviving the crisis we’re in. Social distancing measures are forcing restaurants and bars to operate with dramatically reduced revenues for the foreseeable future, which will be unsustainable in the long-run. The coronavirus pandemic is a long term problem and these PPP fixes are only the beginning of a solution. We need an independent restaurant stabilization fund like the one proposed by Rep. Earl Blumenauer to ensure 500,000 independent restaurants can reopen, stay open, and re-employ 11 million Americans.”

The Independent Restaurant Coalition was formed by chefs and independent restaurant owners across the country who have built a grassroots movement to secure vital protections for the nation’s more than 500,000 independent restaurants and the more than 11 million restaurant workers impacted by the coronavirus pandemic

The post IRC: PPP Fixes Give Independent Restaurants Hope appeared first on ValueWalk.

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Here’s the status of a second round of IRS stimulus checks

By Michelle Jones. Originally published at ValueWalk.

irs stimulus checks status COVID Hit ties to the trump administration COVID situation

The status of a second round of IRS stimulus checks hasn’t changed much, but there has been some movement on the issue. Pressure on lawmakers to act is increasing, and now the proposal for $2,000 payments per month is back on the table.

Q1 2020 hedge fund letters, conferences and more

Updated status of round 2 of IRS stimulus checks

Lawmakers are looking at several ways to put more money in the pockets of Americans who have taken a financial hit during the coronavirus pandemic. The chances of a second round of coronavirus stimulus checks have been looking slim as lawmakers are finding it impossible to agree on anything. However, the longer the emergency goes on, the more likely they are to act.

Just as many businesses are being allowed to reopen amid the pandemic, other businesses are being forced to shut down due to the widespread looting and rioting related to the death of George Floyd in police custody. Even stores that weren’t affected by the pandemic are now closing to protect against looters.

Although the closures may not lead to layoffs because they aren’t expected to last as long as the pandemic-related closures, they will still result in income losses for workers whose stores are closed. These closures are occurring at a time when the U.S. can ill afford more income losses and financial turmoil for workers.

Three main proposals are being talked about right now. The first is a second round of IRS stimulus checks amounting to $1,200 per adult and $1,200 per dependent of any age. However, this proposal is part of the House’s HEROES Act, which is encountering strong opposition from both Republicans and Democrats in the Senate.

Proposals for monthly payments

Two proposals for monthly payments come from Senators Kamala Harris and Andrew Yang. Harris renewed her call for a $2,000 per month stimulus payment, while Yang pushed for a $1,000 per month universal basic income. The two senators touted their plans for a monthly check during a virtual town hall hosted by The Appeal.

According to Forbes, the Monthly Economic Crisis Support Act touted by Harris would provide up to $2,000 per month to Americans earning up to $120,000 per…
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Bill Ackman leads rioting in NYC to benefit his retail shorts

By TheStonkMarket. Originally published at ValueWalk.

podcast greatest trade Bill Ackman Coronavirus valeant VRX herbalife HLF activism shortselling MLMs VALUEWALK Pershing Square Capital investors activist investing William Ackman

NEW YORK CITY – Hedge fund manager, Bill Ackman, was spotted last night leading a hoard of 10,000 angry rioters down the streets of 5th Avenue.  Reports indicate that Ackman was persuading looters to steal and destroy as much as possible.  Sources suggest that Ackman lead and instigated rioters solely to profit from his retail shorts.  Bill Ackman is the founder of Perishing Square Capital Management a hedge fund with assets under management (“AUM”) of $8 billion.

Q1 2020 hedge fund letters, conferences and more

Julia Miller, a financial reporter with The Wall Street Journal noted that Ackman lead rioters with a  burning torch down the streets of Fifth Avenue.  Once on Fifth Avenue Ackman handed out Herbalife Nutrition (“HLF”) products to anyone who looted and destroyed a retail store.

Bill Ackman Handing Out Herbalife Products To Rioters

Cassandra Williams, local rioter stated the following, “I followed this thin, silver haired man with a burning torch that was handing out Herbalife products as an incentive to loot high-end retail stores.  Not only did I get a massive amount of dietary products but I helped destroy part of the ‘cog’ in the capitalistic system that ties me down.”

Other notable investors have taken Ackman’s lead.  Andrew Left, founder of Citron Research was reported to buy rioters several M1 Abram tanks in hopes of destroying the entire world.  Ben Axler, another well known short seller, has urged rioters to loot as much WD-40 as possible.  Even small time individual short sellers have taken to the streets to help profit their shorts.

The question remains, is a new breed of activist investors emerging?  The answer is yes.  With markets seemingly making new highs every day, short sellers need to start creating their own destiny.  And the best way to forge your own destiny?  Actively burn down the business you are short.

With Bill Ackman’s net short position in the retail sector Perishing Square’s investors stand to benefit.

This article first appeared on The Stonk Market

The post Bill Ackman leads rioting in NYC to benefit his retail shorts appeared first on ValueWalk.

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Gold Bullion Demand Hits Record Volumes in USA

By James Anderson. Originally published at ValueWalk.

With ongoing bailouts exploding the fiat US dollar’s M1, M2, & M3 supplies at record paces. It is not surprising to see physical gold bullion USA imports now hitting 21st Century high levels.

Q1 2020 hedge fund letters, conferences and more

U.S. Physical Gold Bullion Imports

Most of this recent record-sized US gold import volume is being delivered from Switzerland which has four of the five largest gold refineries in the world.

It is safe...

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Phil's Favorites

BlackRock Is Bailing Out Its ETFs with Fed Money and Taxpayers Eating Losses; It's Also the Sole Manager for $335 Billion of Federal Employees' Retirement Funds

Courtesy of Pam Martens

Laurence (Larry) Fink, Chairman and CEO, BlackRock

BlackRock, the international investment management firm run by billionaire Larry Fink, has played an outsized role in Federal Reserve bailouts of Wall Street. As it turns out, it’s also been quietly managing hundreds of billions of dollars for more than five million federal government employees in their retirement plan, known as the Thrift Savings Plan (TSP).

During the last financial crisis of 2007 to 2010, the Federal Reserve gave BlackRock no-bid contracts to manage the toxic assets held in ...

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Kimble Charting Solutions

Crude Oil Rallies 222% in 30-days, Peak Oil Time Again?

Courtesy of Chris Kimble

Can you believe that Crude Oil has rallied 222% in the past 30-trading days?

It’s hard to believe that Crude Oil is trading nearly $75 off its lows, yet the current price is around $36!

The chart looks at the Crude Oil continuous contract on a monthly basis for the past couple of decades.

Crude has spent the majority of the past 12-years inside of falling channel (1). The collapse in Crude Oil prices in April saw it hit the bottom of the channel at (2), where it created a large bullish reversal pattern. Since hitting the bottom...

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Zero Hedge

Consumer "Cash" Spending Is Much Worse Than The Reported Figures

Courtesy of ZeroHedge View original post here.

Submitted by Joe Carson, former chief economist of Alliance Bernstein

Consumer spending fell a record 13.6% in April, according to the preliminary estimates by the Bureau of Economic Analysis (BEA). But the spending numbers based on “cash” outlays are much worse.

The government’s monthly report on consumer spending (i.e. personal consumption expenditures) is a blend of actual cash outlays and estimated figures. Spending on durable and nondurable goods reflects “cash” outlays as reported by the monthly sales at retail establishments. But spendi...

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The Technical Traders

Gold & Silver "Washout" - Get Ready For A Big Move Higher

Courtesy of Technical Traders

Gold and Silver moved lower early on June 2nd and 3rd.  Our research team believes this is a “Washout Low” price rotation following a technical pattern that will prompt a much higher rally in precious metals.  This type of washout price rotation is fairly common before very big moves after Pennant/Flag formations or just after reaching major price trigger levels.

With Gold, a sideways Pennant/Flag formation has been setting up near our GREEN Fibonacci Price Amplitude Resistance Arc.  We believe the downward price rotation recently is a perfect setup for skilled technical traders to take advantage of lower entry price levels.  The GREEN Fibonacci Price Amplit...

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You don't need to worry about spreading the coronavirus with cash


You don't need to worry about spreading the coronavirus with cash

Cash is unlikely to give you the coronavirus. Rolf Bruderer/Getty Images

Courtesy of Marilyn Roberts, University of Washington

Some people worry that cash may be spreading the coronavirus.

Earlier this year, bot...

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Chart School

Silver volume says something is near boiling point

Courtesy of Read the Ticker

Fundamentals are important, but they must show up in the chart. And when they do and if they may matter, it is a good sign if price and volume waves show a change of character.

The Point and Figure chart below is version of PnF chart format, it is designed to highlight price and volume waves clearly (notice the Volume Hills chart).

Silver ETF volume is screaming at us! The price volatility along with volume tells us those who have not cared, are starting to, those who are wrong are adjusting, and those who are correct are loading up. Soon the kettle will blow and the price of silver will be over $20. 

Normally silver suffers in a recession, maybe this time with trillions of paper money being creat...

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Lee's Free Thinking

US Southern States COVID19 Cases - Let's Give Credit Where Due


US Southern States COVID19 Cases – Let’s Give Credit Where Due

Courtesy of  

The number of new COVID 19 cases has been falling in the Northeast, but the South is not having the same experience. The number of new cases per day in each Southern state has been rangebound for the past month.

And that’s assuming that the numbers haven’t been manipulated. We know that in Georgia’s case at least, they have been. And there are suspicions about Florida as well, as the State now engages in a smear campaign against the fired employee who built its much praised COVID19 database and dashboar...

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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve


Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...

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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking


Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...

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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
... more from Insider


Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  


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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:


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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.