Illegal Solar Panels from China: once upon a time the Obama Administration put tariffs on Beijing subsidized solar panels to help American companies compete. Now one of those American companies (Auxin Solar) is disrupting the entire Solar Panel Industry because they called for the Gov. to investigate whether or not solar panels are currently being illegally funneled through China.

 

Disney/Marvel is relieved. After some lack luster premiers (Black Widow & Eternals) Marvel made a big splash in the box office this weekend with a take of $185M in North America Alone with Doctor Strange 2. This is the second biggest opening weekend for a movie in the pandemic era (First is Spider-Man No Way Home).

 

Layoff announcements >Funding Rounds: This is the current trend in the Silicon Valley due to the looming recession.

 

BTC is in a free fall! BTC is almost 50% off of its all time high and other Cryptos are following their leader. It is becoming more evident that Cryptos are trending in alignment with Tech stocks. As the major sell-off continues and the recession comes closer, do not expect BTC or Tech stocks to make a major rally anytime soon. But, if you are a savvy investor and you are still bullish for the long-term, now could be one of the best buying opportunities for Crypto we will get.

 

Quick Hitters...

• Energy (+10.3%) & Utilities (+1.3%) are the sectors that are still winning.
• Major tickers reporting Earnings this week are DIS, COIN, AMC, BNTX, PLTR, &TSN
• Unemployment is at 3.6% and the Job Market added 428,000 new jobs.
• Inflation may have finally peaked. We think this may be true because Used Car Prices are finally falling.
• Movie Theater are not dying. Cinemark posted earnings that were 4x better than last year.
• Jill Biden visited Ukraine on Mother's Day.
• Ukraine is still losing key footholds in major cities 

 

>>>Kevin McCullough Money Monday Interview 5/2/22 (Free Stock Evals)<<<