The week actually got off to a great start. On Monday, the major indices were up nicely, ending the day near session highs. And for a moment, it looked like we were close to another run at the records set in January.
But then the mood changed. And back-to-back-to-back losing days put the major indices deep in the red.
On Friday, stocks were higher. But it wasn’t enough to make a real dent in the losses suffered mid-week.
The major indices finished lower for the third time in five weeks. The DOW was hardest hit, losing 3.1% on the week.
The S&P finished with a 2.0% loss. Down 56 points, the S&P ended at 2,691.
The DOW ended 3.1% lower. Dropping 772 points, the DOW closed at 24,538.
The NASDAQ was down 1.1% With a 78 point loss, the NASDAQ finished at 7,258.
Bitcoin was up 15%. Adding $1,455, Bitcoin is trading at $11,123.
Crude Oil (CL) had a rough week as well. With a 3.8% loss, CL settled at $61.15 a barrel.
The big news last week had to do with President Trumps’ tariffs and a possible trade war. Trump acknowledged the trade war concerns by tweeting “Trade wars are good, and easy to win.”
On Thursday, Trump announced a 25% tariff on steel imports and a 10% tariff on aluminum imports. The tariffs go into effect this week.
American steel companies did great last week because of the news. U.S. Steel (X) finished 4.3% higher and Steel Dynamics (STLD) was up 1.8%.
But the tariff news didn’t sit well with investors overseas and stocks were lower in Asia and Europe on Friday. Domestically, auto manufacturers who rely on low metal prices were also hit hard.
Looking at the week, Ford (F) dropped 2.8%, General Motors (GM) lost 8.5% and Toyota (TM) was down 4.7%.
There were some big earnings moves on Friday.
Gap (GPS) finished higher by 7.8% after reporting strong fourth-quarter earnings. Foot Locker (FL) lost 12.7% after weaker than expected results, and J.C. Penney (JCP) lost 5.4% after missing on same-store sales estimates. Nordstrom (JWN) had a mixed fourth quarter but traders didn’t seem to mind. JWN finished higher by 5.9%.
McDonald’s (MCD) was the victim of a downgrade on Friday. With the news, MCD touched 9-months lows and lost 4.8%.
This week, traders will continue to assess the impact of Trump’s tariffs and a possible trade war. We also have the closely watched Jobs Report on Friday.
Here are this week’s key reports (all times ET):
MONDAY – ISM Non-Manufacturing PMI at 10:00am.
TUESDAY – No major reports.
WEDNESDAY – ADP Non-Farm Employment Change at 8:15am and Crude Oil Inventories at 10:30am.
We live in a world with too much information and not enough solutions. And this problem is compounded when there are lots of people who are eager to help you invest your money – in a way that will line their pockets instead of yours.
Crypto Capital Newsletter is an investment newsletters that aims to cut through the noise of the mainstream financial media, and self-serving private bankers and brokers, to give you real insight to help you build wealth.
It comes by Stansberry Churchouse Research.
Stansberry Churchouse Research is a joint venture between two independent financial publishers, Singapore-based Truewealth Publishing, and Hong Kong-based Churchouse Publishing.
Stansberry Churchouse Research is a subsidiary of Stansberry Research, one of the largest independent financial publishing companies in the world, with subscribers in over 50 countries around the world.
One of the key financial analysts behind Stansberry Churchouse Research is Tama Richard Churchouse.
Crypto Capital Newsletter Review – What is all about?
In Crypto Capital Newsletter, Tama Churchouse uses his unique strategy to find the best opportunities in the cryptocurrency space. These cryptos could double your money and potentially make you as much as 100x your money.
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Whatever your opinion of Bitcoin is, there’s no denying it’s become the greatest investment of the past decade, outperforming stocks, bonds, gold, ETFs, real estate, you name it:
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BitTokens… which shot up 7,700% in a week.
And Sprouts… which saw a remarkable 15,595% in one week. That turned $500 into $78,475 in seven days.
Once you see how this technique works – you could see similar results, no matter what your background.
Over the past few years, Tama managed to gain access to a little-known and extremely private group of cryptocurrency experts.
As a result… he discovered a unique way to make a fortune on Bitcoin and dozens of other cryptocurrencies – thanks to a technique used by the wealthiest and most computer-savvy Bitcoin and crypto experts in the world.
I guarantee you won’t hear about this group on Bloomberg… CNBC News… Fox Business… CoinDesk or anywhere else – because I know for a fact that the people in this group despise the mainstream media.
And that’s the big difference between this group and the thousands of other investors in the crypto space right now…
99% of crypto investors are wrong
You see, these investments are very different from stocks.
With his technique, you’re not investing in a business with earnings… profit… and dividends.
You can’t hold for the long term and simply forget about most of these… and you won’t be passing them on to your children.
Instead, Tama’s going to show you a unique way of speculating on huge and short-term moves in the crypto market. Sometimes, moves that last just a few days at a time.
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The simple fact is, cryptocurrencies are the most exciting new asset class in the world.
Tama believes there’s potentially more money to be made in this sector in the coming months than you could make on any other investment… which is one reason Bitcoin is up roughly 35 times more than stocks last year, even during a historic bull market:
But he personally believes the crypto market will continue to grow, and become more than 50 times larger than what it is today.
Along the way, certain cryptos could go up 50, 100, even 1,000 times from their current price or more.
Who is Tama Churchouse?
Tama-Richard along with his father Peter established Churchouse Publishing Limited in 2012, with the aim of bringing independent, no-nonsense analysis and research to those who take an active interest in creating and managing their own wealth. He draws on extensive experience gained by nearly a decade working for investment banks in Asia, most recently at JPMorgan working on derivative structuring and marketing across a wide range of asset classes (including rates, credit, equity and FX) for private banks in the Asia region as part of the Structuring and Solutions Group. Tama-Richard also oversaw Alternative Investment Structuring in Algorithmic Index Strategies, as well as other bespoke longevity and equity hybrid structuring. Prior to joining JPMorgan, Tama-Richard worked in Derivative Solutions at ABN Amro.
Tama-Richard is a keen investor, opening his first brokerage account at the age of 16. Along with his role at Stansberry Churchouse Research, he manages a portfolio of internal money for the family office in listed securities and real estate assets. He has a degree in Economics from the School of Oriental and African Studies in London. Tama-Richard lives in Hong Kong with his wife and three children.
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But by now, of course, you’re probably wondering: How much does it cost to receive Crypto Capital?
Well… it’s not cheap.
Tama’s charging a higher-than-usual price… for two reasons.
First, these cryptos are small. Some trade for just pennies.
They can literally soar 1,000% in a matter of days… on just a single rumor from The Bitcoin 1%.
Consider: If the actions and opinions from such a tiny group of people can have such a massive impact on a single crypto… imagine what would happen if thousands of people got in at once.
That’s why he can only share these recommendations with a small and serious group of people, so they don’t drive up demand and cause the crypto to spike. This way – everyone has a chance to buy in at a good price.
And second, this technique may not be right for you.
Tama Churchouse won’t be recommending any conventional investments… like stocks or bonds. If you’re looking for “the next Apple,” forget it. This isn’t for you.
All he’s doing is finding unique ways to make 500% to 1,000% gains by trading in and out of the top cryptocurrencies.
And I know, from experience, that most people simply won’t have the patience or the stomach to handle these big moves.
That’s why he’s only interested in folks who are serious about learning how to trade these powerful new assets… and willing to pay a fair price for the best cryptocurrency research in the world.
Now there’s obviously more to cryptos than just trading in and out of these positions… and there’s way more to the landscape than just rumors from The 1%… and Tama will tell you all the details about this when you join this powerfull group.
Again, Crypto Capital is meant for folks who are serious about investing in cryptos and are willing to pay for the best, most elite crypto research in the world.
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What you gonna get for your money with Crypto Capital Newsletter Subscription?
As a new member of Crypto Capital – you’ll receive instant access to Tama’s entire model portfolio of crypto recommendations.
Every position they are starting off with has the potential to make you 5- to 10-times your money or more… and most of these recommendations are based off information he received from The 1%.
Each month, Tama will update you on their current portfolio, along with any new recommendations he makes in the crypto market – with full details on what he’s recommending… how he heard about it… and how much money he expect you could make.
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Beginning immediately, you’ll receive:
Bitcoin $50,000: Finding 1,000%+ Winners in the Cryptocurrency Market in 2018.
This special report will give you an overview of how Tama’s technique works… and all 12 investments he recommends you buy now. Including Tama’s #1 top recommendation, which could make you as much as 100 times your money in the next 5 years.
2 full years of new crypto recommendations from Tama.
On the second Friday of every month, Tama will email you a detailed summary of his newest crypto speculation. Each of his recommendations will have the potential to make you 500% to 1,000% gains or more.
Instant access to the Crypto Capital website.
Just recently, for example, Tama added a new report on “Ethereum 2.0” – a small crypto he’s really excited about, and he’s urging all readers to check out immediately. It could double your money in the next 12 months alone.
Weekly updates on the crypto model portfolio.
News travels quickly in the crypto markets… so throughout the month, Tama will be in touch with you via email to tell you about important updates… such as when to close a position for the biggest gains… or when to rush into a new opportunity.
Bonus: Exclusive Video Content.
You’ll also get instant access to Tama’s video demonstrations, showing you exactly how to set up a crypto trading account, and how to get started with each of his recommendations simply and quickly.
Tama Churchouse, is a Lead Analyst at Stansberry Churchouse Research.
Tama’s crypto asset research and analysis have led to trades returning as much as 3,700% in months. He sits on the Board of Directors of the company that launched the most successful cryptocurrency distribution in history. If you care about making money from Bitcoin and other cryptocurrencies… you need to listen to this man!
Register Here for this live, exclusive webinar where Tama will share his crypto “Trade of the Decade” — and his past work shows it could generate you up to 1,150% within 12 months.
Tama will also bring listeners up to speed with the state of the crypto market as it stands after 2018’s initial carnage and confusion.
Tama’s pioneering work in the crypto space has allowed him to personally make huge gains — and not simply through good timing or luck.
The way he approaches this asset class is completely different from what you might be doing yourself.
If you can replicate even a fraction of what he’s been able to do, you make huge gains yourself in 2018.