from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Today:
1. Stocks are holding up well today. It’s another quiet session, but there are certainly stocks that are moving. Tesla (TSLA) is trading lower by 3.8% after Elon Musk put a poll out on his Twitter feed asking if he should sell 10% of his Tesla stock. This guy is the ultimate showman and certainly knows how to get a rise out of the Twitterverse.
2. EV maker, Rivian Motors (RIVN), is expected to go public this week at a valuation of $65 billion. Here is another IPO that is being pushed out while the easy money is still available. This company is backed by Amazon (AMZN) and Ford (F), but $65 billion is a complete joke and often marks the sign of a market top shortly down the road.
3. Bitcoin is testing the recent highs today. Everyone is excited about this De-fi. Apparently, this decentralized finance is where the crypto market will start to build financial applications like lending and trading on the blockchain.
4. Gold/Silver had a nice rise on Friday and further consolidating today. We could see 1860 gold shortly. Just wait, things are setting up.
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