{"id":54792,"date":"2021-06-30T03:15:00","date_gmt":"2021-06-30T07:15:00","guid":{"rendered":"https:\/\/thedisciplinedinvestor.com\/blog\/?p=54792"},"modified":"2021-06-30T03:15:00","modified_gmt":"2021-06-30T07:15:00","slug":"dhunplugged-562-bank-party","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2021\/06\/30\/dhunplugged-562-bank-party\/","title":{"rendered":"DHUnplugged #562: Bank Party!"},"content":{"rendered":"<p>They&#8217;re back! Banks get the green light from the Fed.<img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/www.dhunplugged.com\/wp-content\/uploads\/2021\/06\/dh_562_banner.jpg\" width=\"318\" height=\"207\" \/><\/p>\n<p>Petitioning for a one-way flight for Bezos?<\/p>\n<p>Roth IRA Madness&#8230;<\/p>\n<p>Announcing a new CTP &#8211; PLUS we are now on <strong><a href=\"https:\/\/open.spotify.com\/show\/30bQIjH9Gw4es27XYrYKJL\">Spotify<\/a> and <a href=\"https:\/\/music.amazon.com\/podcasts\/79261e60-0492-43c0-b1a2-708ebeb4bd7e\/DH-Unplugged\">Amazon Music\/Podcasts<\/a><\/strong>!<\/p>\n<hr \/>\n<p><span id=\"more-18393\"><\/span><\/p>\n<div class=\"su-spoiler su-spoiler-style-fancy su-spoiler-icon-arrow su-spoiler-closed\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\">\n<div class=\"su-spoiler-title\" tabindex=\"0\" role=\"button\"><span class=\"su-spoiler-icon\"><\/span>Click HERE for Show Notes and Links<\/div>\n<div class=\"su-spoiler-content su-u-clearfix su-u-trim\">\n<p style=\"text-align: center;\"><span style=\"color: #ff0000;\"><strong>DHUnplugged is now streaming live &#8211; with listener chat. Click on link on the right sidebar.<\/strong><\/span><\/p>\n<hr \/>\n<div align=\"center\">\n<h4 style=\"text-align: center;\">Love the Show?<br \/>\nMaking some $$ from the Weekly Stock ideas?<br \/>\nThen how about a Donation?<\/h4>\n<form action=\"https:\/\/www.paypal.com\/cgi-bin\/webscr\" method=\"post\" target=\"_top\"><input name=\"cmd\" type=\"hidden\" value=\"_s-xclick\" \/><br \/>\n<input title=\"PayPal - The safer, easier way to pay online!\" alt=\"Donate\" name=\"submit\" src=\"https:\/\/www.paypal.com\/en_US\/i\/btn\/btn_donateCC_LG.gif\" type=\"image\" \/><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.paypal.com\/en_US\/i\/scr\/pixel.gif\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" \/><\/form>\n<\/div>\n<hr \/>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/THErealDVORAK\"><strong>Follow John C. Dvorak on Twitter<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/andrewhorowitz\"><strong>Follow Andrew Horowitz on Twitter<\/strong><\/a><\/p>\n<p><span class=\"ILfuVd NA6bn\"><span class=\"hgKElc\"><strong>Warm Up<br \/>\n<\/strong>&#8211; Last Days of June &#8211; Volatility and Noise<br \/>\n&#8211; Variants &#8211; spooking investors again? Panny Playbook back in action<br \/>\n&#8211; Big day for economic report on Friday<br \/>\n&#8211; Short week coming up &#8211; Monday is a holiday (4th fireworks again!)<br \/>\n&#8211; Roth IRA Hoopla<br \/>\n&#8211; Goodbye John McAfee<br \/>\n<\/span><\/span><\/p>\n<p><strong>Market Update<\/strong><br \/>\n&#8211; Fed Speakers Successfully Shifted the Discussion<br \/>\n&#8211; Tag Team of Fed and Treasury<br \/>\n&#8211; Interest move by Warren Buffett<br \/>\n&#8211; California still spending &#8211; Pandemic has been a windfall<br \/>\n&#8211; BANKS! &#8211; Street Test Results &#8211; PARTY ON<\/p>\n<p><strong>This Week<\/strong><br \/>\n&#8211; Fed changed the story<br \/>\n&#8211; Look here, not there<br \/>\n&#8211; Markets have a Pandemic move feel to them<br \/>\n&#8211; Employment report and More Fed Speakers<br \/>\n&#8211; Markets Looking to end the month in the Green<br \/>\n&#8211; IPOs &#8211; DID Global<\/p>\n<p><strong>Survey Says<\/strong><br \/>\n&#8211; What is your motivation for day trading<br \/>\n&#8212; 1500 surveyed<\/p>\n<div class=\"bc-group-content\">\n<div class=\"bc-row first-row\">\n<div class=\"bc-bar-label chart-text value label inside\">Making money quickly 58%<\/div>\n<\/div>\n<div class=\"bc-row row-divider\">\n<div class=\"bc-bar-label chart-text value label inside\">Fun and entertainment 43%<\/div>\n<\/div>\n<div class=\"bc-row row-divider\">\n<div class=\"bc-bar-label chart-text value label inside\">New resources empowered me 40%<\/div>\n<\/div>\n<div class=\"bc-row row-divider\">\n<div class=\"bc-bar-label chart-text value label inside\">Participating in online message boards 26%<\/div>\n<\/div>\n<div class=\"bc-row row-divider\">\n<div class=\"bc-bar-label chart-text value label inside\">Fear of missing out 19%<\/div>\n<\/div>\n<\/div>\n<p><strong>Bezos In Space<\/strong><br \/>\n&#8211; A petition on Change.org entitled &#8220;Do not allow Jeff Bezos to return to Earth&#8221; launched in early June, after Bezos announced his plans to fly on next month&#8217;s first passenger spaceflight of his company Blue Origin, and the petition already has more than 122,000 signatures as of Friday afternoon.<br \/>\n&#8211; Guy who started the petition: &#8220;Billionaires should not exist&#8230;on earth, or in space, but should they decide [to go to] the latter, they should stay there.&#8221;<\/p>\n<p><strong>Subway Tuna Sandwich?<\/strong><br \/>\n&#8211; Tests recently done by a commercial lab have proved that no identifiable tuna DNA was found in Subway\u2019s sandwiches, reported the New York Times.<br \/>\n&#8211; The newspaper had 60 inches of tuna sandwiches from three different Subway locations in Los Angeles tested.<br \/>\n&#8211; The \u201ctuna\u201d was removed, frozen and sent to an unidentified commercial food testing lab as the chain faces a lawsuit filed in U.S. District Court for the Northern District of California earlier this year alleging the ingredient it calls \u201ctuna\u201d actually contains no tuna at all.<br \/>\n&#8211; \u201cNo amplifiable tuna DNA was present in the sample and so we obtained no amplification products from the DNA. Therefore, we cannot identify the species,\u201d the test results read.<\/p>\n<p><strong>Special<\/strong><br \/>\n&#8211; Britain\u2019s health minister Matt Hancock quit on Saturday after he was caught breaking COVID-19 rules by kissing and embracing an aide in his office, enraging colleagues and the public who have been living under lockdown.<\/p>\n<p><strong>Tour de Crash<\/strong><br \/>\n&#8211; Sign holder moved out a bit too far in street causing a cyclist (Tony Martin) to crash into it and then cause a massive pileup.<br \/>\n&#8211; The woman, who is believed to be German, got on a flight and is untraceable.<\/p>\n<p><strong>Banks!!!!!!!!!<\/strong><br \/>\n&#8211; Surprise! All banks on the\u00a0 latest round of the Fed&#8217;s Stress test passed<br \/>\n&#8211; Expect announcements of div increases and share buybacks (Especially combined with earnings reports)<\/p>\n<p><strong>Covid Update<\/strong><br \/>\n&#8211; Morgan Stanley on Tuesday told its staff that workers and clients who are not vaccinated against Covid-19 will be barred from returning to New York City and Westchester County offices with a large employee presence beginning July 12<br \/>\n&#8211; JPM followed with same general comments<br \/>\n&#8211; Delta and Delta + now?<br \/>\n&#8211; Australia lockdown, England re-masking<br \/>\n&#8211; Where is this going?<\/p>\n<p><strong>Roth IRA &#8211; Madness<\/strong><br \/>\n&#8211; Report comes out that Roth IRAs may be under attack after stuffing with &#8220;below fair Value&#8221; assets<br \/>\n&#8211; ProPublica reported Thursday that the Roth IRA, a retirement vehicle originally intended to spur middle-class savings, was being hijacked by the ultrawealthy and used to create giant onshore tax shelters.<br \/>\n&#8211; Tax records obtained by ProPublica revealed that Peter Thiel, a co-founder of PayPal and an investor in Facebook, had a Roth IRA worth $5 billion as of 2019. Under the rules for the accounts, if he waits till he turns 59 and a half, he can withdraw money from the account tax-free.<br \/>\n&#8211; ProPublica\u2019s investigation showed that Thiel purchased founder\u2019s shares of the company that would become PayPal at $0.001 per share in 1999. At that price, he was able to buy 1.7 million shares and still fall below the $2,000 maximum contribution limit<br \/>\n&#8211; PayPal later disclosed in an SEC filing that those shares, and others issued that year, were sold at \u201cbelow fair value.<\/p>\n<p><strong>Tesla<\/strong><br \/>\n&#8211; Tesla and SpaceX CEO Elon Musk said he will only publicly list satellite broadband service Starlink when its cash flow is more predictable.<br \/>\n&#8211; Starlink, which is currently operated by space exploration firm SpaceX, allows people to connect to the internet via a satellite dish that is placed on or near their property. The internet is beamed down to the dish via Starlink satellites that have been put into orbit by SpaceX.<br \/>\n&#8211; Tesla seeing a massive virtual recall of cares made in China (Stock up)<\/p>\n<p><strong>Home Sales<\/strong><br \/>\n&#8211; Equilibrium reached?<br \/>\n&#8211; Sales of new U.S. single-family homes fell to a one-year low in May, likely hindered by expensive raw materials such as lumber, which are boosting the prices of newly constructed homes.<br \/>\n&#8211; New home sales dropped 5.9% to a seasonally adjusted annual rate of 769,000 units last month, the lowest level since May 2020, the Commerce Department said on Wednesday.<br \/>\n&#8211; April&#8217;s sales pace was revised down to 817,000 units from the previously reported 863,000 units.<\/p>\n<p><strong>John McAfee<\/strong><br \/>\n&#8211; Dies in prison, just hours after extradition back to US was approved<br \/>\n&#8211; Was it suicide?<br \/>\n&#8211; Was there a dead-man&#8217;s switch that he created to release sensitive data?<\/p>\n<p><strong>JCD Substack<\/strong><br \/>\n&#8211; The Perils of The Personal Pronoun<\/p>\n<p><strong>Not the First Time<\/strong><br \/>\n&#8211; Michael Burry deleted his Twitter account on Monday after sounding the alarm on a colossal bubble in asset prices and predicting the worst crash in history.<br \/>\n-&#8220;Greatest Speculative Bubble of All Time in All Things&#8221;\u00a0 his description of the state of markets last week. &#8220;All hype\/speculation is doing is drawing in retail before the mother of all crashes,&#8221; he tweeted a couple of days later.<\/p>\n<p><strong>Weird Story<\/strong><br \/>\n&#8211; In a speech to the James Madison Academy 2021 graduating class, David Keene, a former NRA president and current board member of the gun rights group, called on the teens to fight those looking to implement tighter gun restrictions.<br \/>\n&#8211; He was addressing 3044 empty chairs for a school that does not exist via a pre-film<br \/>\n&#8211; Without realizing it, Keene was actually addressing his comments to thousands of empty chairs set up to represent the estimated 3,044 kids who should have graduated high school this year and instead were killed by gun violence.<br \/>\n&#8211; After filming, Keene and Lott were told the graduation was canceled and were not informed before the videos release on Wednesday that the events were fake.<\/p>\n<article class=\"c3dczqn h15il40k\"><\/article>\n<p><strong>Warren Buffett<\/strong><br \/>\n&#8211; The billionaire investor Warren Buffett said he is resigning as a trustee of the Bill and Melinda Gates Foundation, and has donated half his wealth to philanthropy since pledging 15 years ago to give away his fortune from running Berkshire Hathaway Inc.<br \/>\n&#8211; What is going on &#8211; really?<\/p>\n<p><strong>California &#8211; Nice Guys<\/strong><br \/>\n&#8211; California will pay off the accumulated unpaid rent that has piled up during the COVID-19 pandemic, the AP reports.<br \/>\n&#8211; Why it matters: The move would fulfill a promise to landlords to help them to break even, while giving renters relief, the AP writes.<br \/>\n&#8211; The state has accrued $5.2 billion from various federal aid packages to pay off people&#8217;s rent, which should be enough to get the job done, Jason Elliott, senior counselor to Gov. Gavin Newsom (D) on housing and homelessness, told AP.<\/p>\n<p><strong>DIDI IPO Update (China Ride Sharing)<\/strong><br \/>\n&#8211; Should start trading tomorrow<br \/>\n&#8211; Priced IPO at $14 (high end)<br \/>\n&#8211; An over-allotment option, or greenshoe, exists where a further 43.2 million shares can be sold to increase the size of the deal.<br \/>\n&#8211; HOT DEAL<\/p>\n<p><strong>ARK-COIN ETF<\/strong><br \/>\n&#8211; Reuters: Star stock picker Cathie Wood\u2019s ARK Invest filed with the U.S. Securities and Exchange Commission on Monday to create a bitcoin exchange traded fund (ETF), the latest fund manager attempting to cash in on investors\u2019 growing interest in cryptocurrencies.<br \/>\n&#8211; Why would this fly if SEC has yet to approve a Botcoin ETF<br \/>\n&#8211; BUT the SEC does allow for 3X Vix and other levered ETFs that suck<\/p>\n<article class=\"c3dczqn h15il40k\"><\/article>\n<hr \/>\n<p><strong>420 Stocks &#8230;<br \/>\n<\/strong><\/p>\n<h3 style=\"text-align: center;\"><a href=\"http:\/\/bit.ly\/DHPotStocks\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK for list of &#8220;Pot Stocks&#8221;<\/a><\/h3>\n<p>Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV<\/p>\n<\/p>\n<hr \/>\n<div align=\"center\">\n<h4 style=\"text-align: center;\">Love the Show?<br \/>\nMaking some $$ from the Weekly Stock ideas?<br \/>\nThen how about a Donation?<\/h4>\n<form action=\"https:\/\/www.paypal.com\/cgi-bin\/webscr\" method=\"post\" target=\"_top\"><input title=\"PayPal - The safer, easier way to pay online!\" alt=\"Donate\" name=\"submit\" src=\"https:\/\/www.paypal.com\/en_US\/i\/btn\/btn_donateCC_LG.gif\" type=\"image\" \/><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.paypal.com\/en_US\/i\/scr\/pixel.gif\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" \/><\/form>\n<\/div>\n<hr \/>\n<h3 style=\"text-align: center;\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.dhunplugged.com\/wp-content\/uploads\/2013\/08\/dh_CTP.jpg\" alt=\"dh_CTP\" width=\"602\" height=\"122\" \/><\/strong><strong><br \/>\n<a href=\"https:\/\/www.dhunplugged.com\/CTP\/grayscale-bitcoin-trust\/\">The CTP for<br \/>\nGrayscale Bitcoin Trust<\/a><\/strong><\/h3>\n<h3 style=\"text-align: center;\"><strong>*** NEW INTERACTIVE CHARTS ***<\/strong><\/h3>\n<h5 style=\"text-align: center;\"><strong>Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) &#8211;<br \/>\nPLUS a one-of-a-kind DHUnplugged CTP Winner&#8217;s certificate..<br \/>\n<\/strong><\/h5>\n<p style=\"text-align: center;\"><a href=\"http:\/\/tradingview.go2cloud.org\/aff_c?offer_id=2&amp;aff_id=2430&amp;source=DHCTP\"><strong>CLICK HERE FOR MORE CHARTS ON TRADING VIEW<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: left;\"><span style=\"text-decoration: underline;\"><strong>UPDATE<\/strong><\/span> &#8211; NEW ETF &#8211; Global X Millennials Thematic ETF Challenge!<\/p>\n<p style=\"text-align: left;\">The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as <strong>Facebook<\/strong>, <strong>LinkedIn<\/strong> and <strong>Amazon<\/strong>, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts <strong>AvalonBay Communities<\/strong> and Equity <strong>Residential<\/strong>, and <strong>Home Depot<\/strong>, which could benefit from millennials moving out of the home of their parents.<\/p>\n<p style=\"text-align: left;\">We are creating the <a href=\"https:\/\/www.dhunplugged.com\/dhoci-index-tracking\/\"><span style=\"text-decoration: underline;\"><strong>DH Old Codger Index Portfolio<\/strong><\/span><\/a> to compete against this new ETF to see how &#8220;old school&#8221; stocks do in comparison. Companies in our index will include:<em> (updated names as of 8\/29\/16)<\/em><\/p>\n<p style=\"text-align: left;\">We have the performance summary running (daily and since inception of 5\/6\/16) &#8211; <strong><a href=\"https:\/\/www.dhunplugged.com\/dhoci-index-tracking\/\">DHOCI vs. Millennials ETF Battle<\/a><\/strong><\/p>\n<hr \/>\n<p><strong>Washington Football Team<\/strong><br \/>\n&#8211; The Washington Football Team\u2019s request to trademark its name was refused by the U.S. Patent and Trademark Office on Friday, according to reports.<br \/>\n&#8211; The office said trademarks given for the &#8220;Washington Football Club&#8221; to a man named Philip McCauley in 2015 could cause confusion among consumers, according to Sports Illustrated. Additionally, the office said the name is problematically generic.<\/p>\n<p><strong>More Football<\/strong><br \/>\n&#8211;\u00a0 The Las Vegas Raiders&#8217; Carl Nassib became the first active NFL player to come out as gay. The defensive end made the announcement in an Instagram post on Monday, adding he&#8217;s agonized over this moment for the last 15 years.<br \/>\n&#8211; &#8220;I just wanted to take a quick moment to say that I\u2019m gay,&#8221; Nassib said. &#8220;I\u2019ve been meaning to do this for a while now but finally feel comfortable getting it off my chest. I really have the best life, the best family, friends and job a guy can ask for.<\/p>\n<p><strong>JCD Score ()<\/strong><\/p>\n<\/p>\n<\/div>\n<\/div>\n<hr \/>\n<p style=\"text-align: center;\">See this week\u2019s stock picks <a href=\"https:\/\/www.dhunplugged.com\/stock-page\/\"><strong>HERE<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/THErealDVORAK\"><strong>Follow John C. Dvorak on Twitter<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/andrewhorowitz\"><strong>Follow Andrew Horowitz on Twitter<\/strong><\/a><\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p>They&#8217;re back! Banks get the green light from the Fed.<\/p>\n<p>Petitioning for a one-way flight for Bezos?<\/p>\n<p>Roth IRA Madness&#8230;<\/p>\n<p>Announcing a new CTP &#8211; PLUS we are now on <strong><a href=\"https:\/\/open.spotify.com\/show\/30bQIjH9Gw4es27XYrYKJL\">Spotify<\/a> and <a href=\"https:\/\/music.amazon.com\/podcasts\/79261e60-0492-43c0-b1a2-708ebeb4bd7e\/DH-Unplugged\">Amazon Music\/Podcasts<\/a><\/strong>!<\/p>\n<hr \/>\n<p>Click HERE for Show Notes and Links<\/p>\n<p style=\"text-align: center;\"><strong>DHUnplugged is now streaming live &#8211; with listener chat. Click on link on the right sidebar.<\/strong><\/p>\n<hr \/>\n<h4 style=\"text-align: center;\">Love the Show?<br \/>\nMaking some $$ from the Weekly Stock ideas?<br \/>\nThen how about a Donation?<\/h4>\n<hr \/>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/THErealDVORAK\"><strong>Follow John C. Dvorak on Twitter<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/andrewhorowitz\"><strong>Follow Andrew Horowitz on Twitter<\/strong><\/a><\/p>\n<p><strong>Warm Up<br \/>\n<\/strong>&#8211; Last Days of June &#8211; Volatility and Noise<br \/>\n&#8211; Variants &#8211; spooking investors again? Panny Playbook back in action<br \/>\n&#8211; Big day for economic report on Friday<br \/>\n&#8211; Short week coming up &#8211; Monday is a holiday (4th fireworks again!)<br \/>\n&#8211; Roth IRA Hoopla<br \/>\n&#8211; Goodbye John McAfee\n<\/p>\n<p><strong>Market Update<\/strong><br \/>\n&#8211; Fed Speakers Successfully Shifted the Discussion<br \/>\n&#8211; Tag Team of Fed and Treasury<br \/>\n&#8211; Interest move by Warren Buffett<br \/>\n&#8211; California still spending &#8211; Pandemic has been a windfall<br \/>\n&#8211; BANKS! &#8211; Street Test Results &#8211; PARTY ON<\/p>\n<p><strong>This Week<\/strong><br \/>\n&#8211; Fed changed the story<br \/>\n&#8211; Look here, not there<br \/>\n&#8211; Markets have a Pandemic move feel to them<br \/>\n&#8211; Employment report and More Fed Speakers<br \/>\n&#8211; Markets Looking to end the month in the Green<br \/>\n&#8211; IPOs &#8211; DID Global<\/p>\n<p><strong>Survey Says<\/strong><br \/>\n&#8211; What is your motivation for day trading<br \/>\n&#8212; 1500 surveyed<\/p>\n<p>Making money quickly 58%<\/p>\n<p>Fun and entertainment 43%<\/p>\n<p>New resources empowered me 40%<\/p>\n<p>Participating in online message boards 26%<\/p>\n<p>Fear of missing out 19%<\/p>\n<p><strong>Bezos In Space<\/strong><br \/>\n&#8211; A petition on Change.org entitled &#8220;Do not allow Jeff Bezos to return to Earth&#8221; launched in early June, after Bezos announced his plans to fly on next month&#8217;s first passenger spaceflight of his company Blue Origin, and the petition already has more than 122,000 signatures as of Friday afternoon.<br \/>\n&#8211; Guy who started the petition: &#8220;Billionaires should not exist&#8230;on earth, or in space, but should they decide [to go to] the latter, they should stay there.&#8221;<\/p>\n<p><strong>Subway Tuna Sandwich?<\/strong><br \/>\n&#8211; Tests recently done by a commercial lab have proved that no identifiable tuna DNA was found in Subway\u2019s sandwiches, reported the New York Times.<br \/>\n&#8211; The newspaper had 60 inches of tuna sandwiches from three different Subway locations in Los Angeles tested.<br \/>\n&#8211; The \u201ctuna\u201d was removed, frozen and sent to an unidentified commercial food testing lab as the chain faces a lawsuit filed in U.S. District Court for the Northern District of California earlier this year alleging the ingredient it calls \u201ctuna\u201d actually contains no tuna at all.<br \/>\n&#8211; \u201cNo amplifiable tuna DNA was present in the sample and so we obtained no amplification products from the DNA. Therefore, we cannot identify the species,\u201d the test results read.<\/p>\n<p><strong>Special<\/strong><br \/>\n&#8211; Britain\u2019s health minister Matt Hancock quit on Saturday after he was caught breaking COVID-19 rules by kissing and embracing an aide in his office, enraging colleagues and the public who have been living under lockdown.<\/p>\n<p><strong>Tour de Crash<\/strong><br \/>\n&#8211; Sign holder moved out a bit too far in street causing a cyclist (Tony Martin) to crash into it and then cause a massive pileup.<br \/>\n&#8211; The woman, who is believed to be German, got on a flight and is untraceable.<\/p>\n<p><strong>Banks!!!!!!!!!<\/strong><br \/>\n&#8211; Surprise! All banks on the\u00a0 latest round of the Fed&#8217;s Stress test passed<br \/>\n&#8211; Expect announcements of div increases and share buybacks (Especially combined with earnings reports)<\/p>\n<p><strong>Covid Update<\/strong><br \/>\n&#8211; Morgan Stanley on Tuesday told its staff that workers and clients who are not vaccinated against Covid-19 will be barred from returning to New York City and Westchester County offices with a large employee presence beginning July 12<br \/>\n&#8211; JPM followed with same general comments<br \/>\n&#8211; Delta and Delta + now?<br \/>\n&#8211; Australia lockdown, England re-masking<br \/>\n&#8211; Where is this going?<\/p>\n<p><strong>Roth IRA &#8211; Madness<\/strong><br \/>\n&#8211; Report comes out that Roth IRAs may be under attack after stuffing with &#8220;below fair Value&#8221; assets<br \/>\n&#8211; ProPublica reported Thursday that the Roth IRA, a retirement vehicle originally intended to spur middle-class savings, was being hijacked by the ultrawealthy and used to create giant onshore tax shelters.<br \/>\n&#8211; Tax records obtained by ProPublica revealed that Peter Thiel, a co-founder of PayPal and an investor in Facebook, had a Roth IRA worth $5 billion as of 2019. Under the rules for the accounts, if he waits till he turns 59 and a half, he can withdraw money from the account tax-free.<br \/>\n&#8211; ProPublica\u2019s investigation showed that Thiel purchased founder\u2019s shares of the company that would become PayPal at $0.001 per share in 1999. At that price, he was able to buy 1.7 million shares and still fall below the $2,000 maximum contribution limit<br \/>\n&#8211; PayPal later disclosed in an SEC filing that those shares, and others issued that year, were sold at \u201cbelow fair value.<\/p>\n<p><strong>Tesla<\/strong><br \/>\n&#8211; Tesla and SpaceX CEO Elon Musk said he will only publicly list satellite broadband service Starlink when its cash flow is more predictable.<br \/>\n&#8211; Starlink, which is currently operated by space exploration firm SpaceX, allows people to connect to the internet via a satellite dish that is placed on or near their property. The internet is beamed down to the dish via Starlink satellites that have been put into orbit by SpaceX.<br \/>\n&#8211; Tesla seeing a massive virtual recall of cares made in China (Stock up)<\/p>\n<p><strong>Home Sales<\/strong><br \/>\n&#8211; Equilibrium reached?<br \/>\n&#8211; Sales of new U.S. single-family homes fell to a one-year low in May, likely hindered by expensive raw materials such as lumber, which are boosting the prices of newly constructed homes.<br \/>\n&#8211; New home sales dropped 5.9% to a seasonally adjusted annual rate of 769,000 units last month, the lowest level since May 2020, the Commerce Department said on Wednesday.<br \/>\n&#8211; April&#8217;s sales pace was revised down to 817,000 units from the previously reported 863,000 units.<\/p>\n<p><strong>John McAfee<\/strong><br \/>\n&#8211; Dies in prison, just hours after extradition back to US was approved<br \/>\n&#8211; Was it suicide?<br \/>\n&#8211; Was there a dead-man&#8217;s switch that he created to release sensitive data?<\/p>\n<p><strong>JCD Substack<\/strong><br \/>\n&#8211; The Perils of The Personal Pronoun<\/p>\n<p><strong>Not the First Time<\/strong><br \/>\n&#8211; Michael Burry deleted his Twitter account on Monday after sounding the alarm on a colossal bubble in asset prices and predicting the worst crash in history.<br \/>\n-&#8220;Greatest Speculative Bubble of All Time in All Things&#8221;\u00a0 his description of the state of markets last week. &#8220;All hype\/speculation is doing is drawing in retail before the mother of all crashes,&#8221; he tweeted a couple of days later.<\/p>\n<p><strong>Weird Story<\/strong><br \/>\n&#8211; In a speech to the James Madison Academy 2021 graduating class, David Keene, a former NRA president and current board member of the gun rights group, called on the teens to fight those looking to implement tighter gun restrictions.<br \/>\n&#8211; He was addressing 3044 empty chairs for a school that does not exist via a pre-film<br \/>\n&#8211; Without realizing it, Keene was actually addressing his comments to thousands of empty chairs set up to represent the estimated 3,044 kids who should have graduated high school this year and instead were killed by gun violence.<br \/>\n&#8211; After filming, Keene and Lott were told the graduation was canceled and were not informed before the videos release on Wednesday that the events were fake.<\/p>\n<p><strong>Warren Buffett<\/strong><br \/>\n&#8211; The billionaire investor Warren Buffett said he is resigning as a trustee of the Bill and Melinda Gates Foundation, and has donated half his wealth to philanthropy since pledging 15 years ago to give away his fortune from running Berkshire Hathaway Inc.<br \/>\n&#8211; What is going on &#8211; really?<\/p>\n<p><strong>California &#8211; Nice Guys<\/strong><br \/>\n&#8211; California will pay off the accumulated unpaid rent that has piled up during the COVID-19 pandemic, the AP reports.<br \/>\n&#8211; Why it matters: The move would fulfill a promise to landlords to help them to break even, while giving renters relief, the AP writes.<br \/>\n&#8211; The state has accrued $5.2 billion from various federal aid packages to pay off people&#8217;s rent, which should be enough to get the job done, Jason Elliott, senior counselor to Gov. Gavin Newsom (D) on housing and homelessness, told AP.<\/p>\n<p><strong>DIDI IPO Update (China Ride Sharing)<\/strong><br \/>\n&#8211; Should start trading tomorrow<br \/>\n&#8211; Priced IPO at $14 (high end)<br \/>\n&#8211; An over-allotment option, or greenshoe, exists where a further 43.2 million shares can be sold to increase the size of the deal.<br \/>\n&#8211; HOT DEAL<\/p>\n<p><strong>ARK-COIN ETF<\/strong><br \/>\n&#8211; Reuters: Star stock picker Cathie Wood\u2019s ARK Invest filed with the U.S. Securities and Exchange Commission on Monday to create a bitcoin exchange traded fund (ETF), the latest fund manager attempting to cash in on investors\u2019 growing interest in cryptocurrencies.<br \/>\n&#8211; Why would this fly if SEC has yet to approve a Botcoin ETF<br \/>\n&#8211; BUT the SEC does allow for 3X Vix and other levered ETFs that suck<\/p>\n<hr \/>\n<p><strong>420 Stocks &#8230;<br \/>\n<\/strong><\/p>\n<h3 style=\"text-align: center;\"><a href=\"http:\/\/bit.ly\/DHPotStocks\" target=\"_blank\" rel=\"noopener noreferrer\">CLICK for list of &#8220;Pot Stocks&#8221;<\/a><\/h3>\n<p>Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV<\/p>\n<\/p>\n<hr \/>\n<h4 style=\"text-align: center;\">Love the Show?<br \/>\nMaking some $$ from the Weekly Stock ideas?<br \/>\nThen how about a Donation?<\/h4>\n<p><\/p>\n<hr \/>\n<h3 style=\"text-align: center;\"><strong><\/strong><strong><br \/>\n<a href=\"https:\/\/www.dhunplugged.com\/CTP\/grayscale-bitcoin-trust\/\">The CTP for<br \/>\nGrayscale Bitcoin Trust<\/a><\/strong><\/h3>\n<h3 style=\"text-align: center;\"><strong>*** NEW INTERACTIVE CHARTS ***<\/strong><\/h3>\n<h5 style=\"text-align: center;\"><strong>Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) &#8211;<br \/>\nPLUS a one-of-a-kind DHUnplugged CTP Winner&#8217;s certificate..<br \/>\n<\/strong><\/h5>\n<p style=\"text-align: center;\"><a href=\"http:\/\/tradingview.go2cloud.org\/aff_c?offer_id=2&amp;aff_id=2430&amp;source=DHCTP\"><strong>CLICK HERE FOR MORE CHARTS ON TRADING VIEW<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: left;\"><strong>UPDATE<\/strong> &#8211; NEW ETF &#8211; Global X Millennials Thematic ETF Challenge!<\/p>\n<p style=\"text-align: left;\">The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as <strong>Facebook<\/strong>, <strong>LinkedIn<\/strong> and <strong>Amazon<\/strong>, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts <strong>AvalonBay Communities<\/strong> and Equity <strong>Residential<\/strong>, and <strong>Home Depot<\/strong>, which could benefit from millennials moving out of the home of their parents.<\/p>\n<p style=\"text-align: left;\">We are creating the <a href=\"https:\/\/www.dhunplugged.com\/dhoci-index-tracking\/\"><strong>DH Old Codger Index Portfolio<\/strong><\/a> to compete against this new ETF to see how &#8220;old school&#8221; stocks do in comparison. Companies in our index will include:<em> (updated names as of 8\/29\/16)<\/em><\/p>\n<p style=\"text-align: left;\">We have the performance summary running (daily and since inception of 5\/6\/16) &#8211; <strong><a href=\"https:\/\/www.dhunplugged.com\/dhoci-index-tracking\/\">DHOCI vs. Millennials ETF Battle<\/a><\/strong><\/p>\n<hr \/>\n<p><strong>Washington Football Team<\/strong><br \/>\n&#8211; The Washington Football Team\u2019s request to trademark its name was refused by the U.S. Patent and Trademark Office on Friday, according to reports.<br \/>\n&#8211; The office said trademarks given for the &#8220;Washington Football Club&#8221; to a man named Philip McCauley in 2015 could cause confusion among consumers, according to Sports Illustrated. Additionally, the office said the name is problematically generic.<\/p>\n<p><strong>More Football<\/strong><br \/>\n&#8211;\u00a0 The Las Vegas Raiders&#8217; Carl Nassib became the first active NFL player to come out as gay. The defensive end made the announcement in an Instagram post on Monday, adding he&#8217;s agonized over this moment for the last 15 years.<br \/>\n&#8211; &#8220;I just wanted to take a quick moment to say that I\u2019m gay,&#8221; Nassib said. &#8220;I\u2019ve been meaning to do this for a while now but finally feel comfortable getting it off my chest. I really have the best life, the best family, friends and job a guy can ask for.<\/p>\n<p><strong>JCD Score ()<\/strong><\/p>\n<\/p>\n<hr \/>\n<p style=\"text-align: center;\">See this week\u2019s stock picks <a href=\"https:\/\/www.dhunplugged.com\/stock-page\/\"><strong>HERE<\/strong><\/a><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/THErealDVORAK\"><strong>Follow John C. Dvorak on Twitter<\/strong><\/a><\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/twitter.com\/andrewhorowitz\"><strong>Follow Andrew Horowitz on Twitter<\/strong><\/a><\/p>\n<hr \/>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[272,12,28],"tags":[271],"class_list":["post-54792","post","type-post","status-publish","format-standard","hentry","category-dh-unplugged-media","category-markets","category-media","tag-dh-unplugged","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/54792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=54792"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/54792\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=54792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=54792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=54792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}