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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings (Note: Red on the Earnings Calendar Indicates an Earnings Loss [Not Miss] Consensus), & Yesterdays Insider Buys. NEVER BE SURPRISED BY EASILY ANTICIPATED MARKET BREAKING NEWS. That’s our goal here.

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TODAYS COMMENTARY Get a Cup of Coffee & Enjoy Catching Up! If you aren’t reading this daily you are missing out on a wealth of information that could prevent unforced & unnecessary trading errors.

INFLATION INFLATION INFLATION: April expectations were 8.1%, though the numbers came in at 8.3% YoY. And today marks another record day for gas prices. Remember that the China lockdowns have not fully been priced into earnings yet. & few companies, if any, are reporting earnings amid a full quarter of the war in Ukraine (Which started late February). Indeed most companies are reporting earnings for their quarter beginning in January & ending in March or early April. So the earnings you see do not properly reflect a full quarter of inflationary madness.

WHAT STOCKS TO BUY?: Reliably profitable companies with pricing power, that got caught up in the market downturn due to associations with ETF’s & larger market sentiment, trading at or near book value, that are not affiliated with China, that should remain profitable through a recession. Indeed the market dump took down many overvalued companies … however solid companies fell with them. I never thought I would see Ammo Inc. trading 30 cents above BVPS. But the market is what it is. Our task is to now find companies that the market forgot & ignored prior to the downturn that will survive profitability through a recession, & trading at more than fair value. And if it dips you can sell calls against the underlying while waiting for the reversal (effectively lowering your cost basis). Futures are down this morning, lets hope for even more red. Bitcoin is getting slaughtered.

NEXT BIG ECONOMIC NUMBERS: We have the Producers Price Index coming today at 0830ET. The month to month increase is expected to come in at 0.5% (consensus estimate). Remember the PPI is the firms version of the CPI. Whereas the CPI measures inflation from the consumers point of view, the PPI measures inflation from the producers point of view.

CAN IT GET WORSE?: You betcha! Russia could nuke Ukraine, China could invade Taiwan, US companies could experience cyber attacks, China could extend lockdowns even longer than projected, institutions could get slapped with margin calls/forced liquidation, businesses could start laying off folks, oil companies & gas terminals could experience maintenance issues as a result of poor supply chains (maintenance repairs are taking months in many cases), liquidity could dry up, Congress could pass another trillion $$ spending package, fires / hurricanes / earthquakes, & other natural disasters could be an issue, foreign countries we depend on & import from could experience higher inflation, food & gas could still go higher (all indicators suggest they will), Iran / Syria / North Korea could start hostilities, markets can panic further, interest rates will go higher, the Fed will begin offloading their balance sheet starting June 1st, countries could block certain food exports (Like Hungary/China), consumer spending could dry up, people could liquidate their 401K’s & IRA’s, homes could go into foreclosure, businesses could start issuing more bonds or taking on bridge loans, unprofitable companies could start making offerings while the share price is still high, savings could dry up … & this is just scratching the surface. Yes, things can still get much much worse. Will they? Probably.

Significant News Heading into 05.12.2022:

• Stock futures decline as Wall Street struggles for rebound after hot inflation report

• European markets plunge as U.S. inflation runs hot; Stoxx 600 down 2.2%

• Asia technology stocks slide as markets in Hong Kong and Taiwan fall more than 2%

• Stocks making the biggest moves after hours: Disney, Bumble, Rivian and more

• Apple is no longer the world’s most valuable company

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PAID CONTENT IN THE PAYWALL BELOW:

• 3 Stocks near/at/above the Buy Zone (Waiting to Swing).

• 2 Options Strategies

• 26 Stocks on the Price Based Assessment Watchlist 5 Stocks on the Stocks Under $20 List (Read the Warning/Disclaimer) 6 Stocks on the Highly Speculative Highly Volatile Small Cap List (Read the Warning/Disclaimer) 4 Stocks on the short possibilities list

• A Detailed Breakdown of Yesterdays Earnings Beats & Misses

👉CLICK HERE TO SEE THE DETAILS OF EVERY STOCK ON THE BUY LIST (AND SEE THE PRICE ASSESSMENT BASED WATCHLIST / THE STOCKS UNDER $20 LIST & THE HIGHLY SPECULATIVE LIST)

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