{"id":55280,"date":"2022-06-15T03:17:00","date_gmt":"2022-06-15T07:17:00","guid":{"rendered":"https:\/\/thedisciplinedinvestor.com\/blog\/?p=55280"},"modified":"2022-06-15T03:17:00","modified_gmt":"2022-06-15T07:17:00","slug":"dhunplugged-610-rule-1-never-do-this","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2022\/06\/15\/dhunplugged-610-rule-1-never-do-this\/","title":{"rendered":"DHUnplugged #610: Rule #1 \u2013 Never Do This"},"content":{"rendered":"<p>Floating a 75bps hike &#8211; late Monday that is what the Fed is doing in hopes of moving faster to just pull the band-aid off.<img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/www.dhunplugged.com\/wp-content\/uploads\/2022\/06\/dh_610_banner.jpg\" width=\"399\" height=\"217\" \/><\/p>\n<p>Crypto collapse &#8211; bad things happening in the space this week.<\/p>\n<p>Mortgage applications drop off a cliff as the Fed is expected to pump up the volume&#8230;<\/p>\n<p>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-19470\"><\/span><\/p>\n<div class=\"su-spoiler su-spoiler-style-fancy su-spoiler-icon-plus-circle 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?<\/h4>\n<p>Then how about a Donation?<\/p>\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<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; BAD MARKET<br \/>\n&#8211; Rule #1 &#8211; Never tell people they cannot have their money<br \/>\n&#8211; Food Wars? Big Problems<br \/>\n&#8211; WSJ Floating 75bps trial balloon!<br \/>\n&#8211; NEW WORD!<\/span><\/span><\/p>\n<p><strong>Market Update<\/strong><br \/>\n&#8211; Down 6-10% last 5 days (US Markets)<br \/>\n&#8211; Smoked on Rate hike fears<br \/>\n&#8211; Coins eviscerated, disemboweled &#8211; Another Project (Celsius) bites the dust<br \/>\n&#8211; BEAR &#8211; YTD SP 500 -21%m NASDAQ -31% VIX up 89%<br \/>\n&#8211; Natural Gas PLUNGES<\/p>\n<p><strong>Recap of last Week &#8211; Wild Stuff AGAIN<br \/>\n<\/strong>&#8211; Crypto Crashes &#8211; HARD<br \/>\n&#8211; Celsius &#8211; Bitcoin slumped 14% on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing &#8220;extreme&#8221; conditions, in the latest sign of the financial market downturn hitting the cryptosphere.<br \/>\n&#8211; Etherium whacked as well as the entire space<br \/>\n&#8211; Once again &#8211; machine\/algo\/quant driven blow ups that were levered<br \/>\n&#8211; Binance suspended withdrawals for a time being on Monday &#8211; due to logjam<br \/>\n&#8211; RULE # 1 &#8211; NEVER TELL PEOPLE THEY CANNOT GET THEIR MONEY<\/p>\n<p><strong>Coin Question<\/strong><br \/>\n&#8211; Can Binance and Coinbase halt and under what circumstances?<\/p>\n<p><strong>Tuna Fish<\/strong><br \/>\n&#8211; Robert Kiyasaki &#8211; Rich Dad\/Poor Dad said great as investment for inflation<br \/>\n&#8211; 2 things &#8211; 1) Lame discussion 2) Ripped me off of my idea<br \/>\n&#8211; Tuna great bunker food and currency<\/p>\n<p><strong>Explain?<\/strong><br \/>\n&#8211; World Bank &#8211; Food Crisis is coming<br \/>\n&#8211; Fertilizer costs up BIG &#8211; Lots of Fertilizers from Russia and Belarus (amongst other places)&#8221;<br \/>\n&#8211; Low plantings due to high cost of fertilizer = less food = higher prices and the journey continues<br \/>\n&#8211; US gov&#8217;t reportedly encouraging ag and shipping companies to buy and carry more Russian fertilizer in a measure to ease spiraling food costs<\/p>\n<p><strong>More Food &#8211; or is it China feud?<\/strong><br \/>\n&#8211; Pork Wars<br \/>\n&#8211; Smithfield Foods Inc., which is a unit of China&#8217;s WH Group, it will cease all harvest and processing operations in Vernon, Calif., in early 2023.<br \/>\n&#8211; &#8220;Smithfield is taking these steps due to the escalating cost of doing business in California,&#8221; the company said. The move is part of an overall effort to reduce its sow herd in the Western U.S., including Utah. It&#8217;s also &#8220;exploring strategic options&#8221; to pull out of its farms in Arizona and California.<br \/>\n&#8211; Lots of layoffs<br \/>\n&#8211; Maybe just making statement about states with high costs?<\/p>\n<p><strong>Rates and Markets<\/strong><br \/>\n&#8211; CPI comes in at 8.6% on Friday &#8211; all hell breaks loose<br \/>\n&#8211; Big moves in food and other core numbers,<br \/>\n&#8211; <strong>WSJ floats 75bp idea for coming meeting (current rate hike assumption is for 50 bps)<\/strong><br \/>\n&#8211;\u00a0 MONDAY 3PM &#8211; The 2-yr note yield has surged to 3.42% while the 10-yr note yield has jumped to 3.36%, eliminating the spread between the two as market participants sense an aggressive rate-hike path will lead to slower growth, and possibly a recession, in coming months.<br \/>\n&#8211; Thought &#8211; Maybe market will like that Fed is getting this done faster &#8211; instead of letting this drag out (thought of market participants) &#8212; Many presume that markets can rally on this type of move<br \/>\n&#8212;- HOWEVER &#8211; takes time to absorb this kind of move in markets &#8211; could actually cause panic<\/p>\n<p><strong>More Rates<\/strong><br \/>\n&#8211; Last week &#8211; 30 year mortgage 5.5%<br \/>\n&#8211; This week 6.35%<br \/>\n&#8211; Mortgage applications dropped 50% YoY<\/p>\n<p><strong>Tesla &#8211; Bigger problems<\/strong><br \/>\n&#8211; Production at Tesla Inc&#8217;s Shanghai factory is on track to fall by over a third this quarter from the first three months of the year as China&#8217;s zero-COVID lockdowns caused deeper disruptions to output than Elon Musk had predicted.<br \/>\n&#8211; Last week, he told Tesla executives in an email he had a &#8220;super bad feeling&#8221; about the economy and needed to cut jobs by about 10% and freeze hiring.<\/p>\n<p><strong>NEW WORD<\/strong><br \/>\n&#8211; At least newly used in current situation &#8211;<br \/>\n&#8211; WTO Chief: &#8220;I wish I could say for better. It has certainly become more complex,&#8221; she told a news conference before the meeting, listing the lingering COVID-19 pandemic, the war in Ukraine and major food and energy crises as pieces of a <strong>&#8220;polycrisis<\/strong>&#8220;.<\/p>\n<p><strong>Nukes<\/strong><br \/>\n&#8211; NoKo<br \/>\n&#8211; IRAN<br \/>\n&#8211; Russia<br \/>\n&#8211; China Now: China has made &#8220;impressive progress&#8221; in developing new nuclear weapons, but will only use them for self-defence, and never use them first, Chinese Defence Minister Wei Fenghe told delegates at the Shangri-La Dialogue on Sunday.<br \/>\n&#8211; In response to a question about reports last year on construction of more than 100 new nuclear missile silos in China&#8217;s east, he said China &#8220;has always pursued an appropriate path to developing nuclear capabilities for protection of our country&#8221;<\/p>\n<p><strong>COVID<\/strong><br \/>\n&#8211; Never going to end<br \/>\n&#8211; Beijing and Shanghai are on alert again<br \/>\n&#8211; How can this ever end if just 2 weeks back from lock-downs &#8211; lock-downs happening again?<br \/>\n&#8211; So far a total of 290 cases linked to the bar have been reported, with the afflicted from 14 of Beijing&#8217;s 16 districts, throwing the city of 22 million back into a state of anxiety.<\/p>\n<p><strong>DWAC- WHACKED<\/strong><br \/>\n&#8211; Investigation into the Truth Social SPAC &#8211;<br \/>\n&#8211; As previously disclosed in Digital World&#8217;s quarterly report on Form 10-Q for the period ended March 31, 2022 and other filings with the SEC, Digital World received a document request and subpoena from the SEC seeking various documents and information regarding, among other things, meetings of Digital World board of directors; communications with and the evaluation of potential targets, including TMTG; communications relating to TMTG; agreements with and payments made to certain advisors; investors, including investor meetings and agreements; the appointment of certain of Digital World&#8217;s officers and directors; policies and procedures relating to trading; and documents sufficient to identify banking, telephone, and email addresses.<br \/>\n&#8211; DOWN 26% today<\/p>\n<p><strong>Crypto<\/strong><br \/>\n&#8211; Microstrategy off by more than 80% from high<br \/>\n&#8211; Michael Saylor &#8211; the Crypto &#8220;god&#8221; putting company in jeopardy &#8211; possible margin call discussed<br \/>\n&#8211; He told people last year to mortgage their house, buy Bitcoin (with everything you have)<br \/>\n&#8211; Pied Piper<\/p>\n<p><strong>EVEN MORE!<\/strong><br \/>\n&#8211; Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices.<br \/>\n&#8211; About 1,000 workers<br \/>\n&#8211; CEO Brian Armstrong pointed to a possible recession, and a need to manage Coinbase&#8217;s burn rate and increase efficiency. He also said the company grew &#8220;too quickly&#8221; during a bull market.<\/p>\n<p>Follow Up<br \/>\n&#8211; Also seeing several private fintech and other public fast growers layoffs<br \/>\n&#8211; Example: Compass Realty doing a big layoff (Stock down 80% since high)<\/p>\n<p><strong>Go Private Deal<\/strong><br \/>\n-Shale producer Continental Resources Inc said on Tuesday it has received an all-cash buyout proposal from billionaire-founder Harold Hamm&#8217;s family trust, which valued the company at $25.41 billion.<br \/>\n&#8211; The Hamm family holds about 83% of the total outstanding shares of the company&#8217;s common stock. The proposal of $70 per share represents about 9% premium over Continental&#8217;s last closing price.<br \/>\n&#8211; Interesting that the stock traded to $74 today<\/p>\n<p><strong>Natural Gas plunged<\/strong><br \/>\n&#8211; U.S. natural gas fell about 16% to $7.22 per million British thermal units<br \/>\n&#8211; Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won\u2019t be back up and running soon.<br \/>\n&#8211; \u201cThe U.S. natural gas market will now be temporarily oversupplied as 2 bcf\/d or a little over 2% of demand for U.S. natural gas has been abruptly eliminated,\u201d said Rob Thummel, managing director at Tortoise Capital.<br \/>\n&#8211; Despite Tuesday\u2019s drop, natural gas prices are still up 93% since the start of the year.<\/p>\n<p><strong>Gas Prices<\/strong><br \/>\n&#8211; Average price at the pump in the US topped $5<\/p>\n<p><strong>PFOF<\/strong><br \/>\n&#8211; The head of the U.S. Securities and Exchange Commission said the agency <strong><em>may<\/em> <\/strong>propose the most wide-ranging reforms to the equities market in nearly 20 years.<br \/>\n&#8211; The proposed rules would rein in a practice called payment for order flow (PFOF), which is banned in Canada, the UK, and Australia.<br \/>\n&#8211; SEC Chair Gary Gensler said investors might get better prices without PFOF if there was more competition to execute retail orders.<br \/>\n&#8211; He suggested sending orders to auctions, to improvedeals for retail investors.<a id=\"reader.external-link.num-2\" href=\"https:\/\/www.reuters.com\/markets\/us\/wall-street-regulator-spell-out-push-overhaul-stock-trading-sources-2022-06-08\/\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a><\/p>\n<\/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<div align=\"center\">\n<h4 style=\"text-align: center;\">Love the Show?<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><a href=\"https:\/\/www.dhunplugged.com\/CTP\/nio-inc\/\"><strong>ANNOUNCING The CTP for NIO (NIO)<\/strong><\/a><\/h3>\n<p style=\"text-align: center;\"><strong>*** NEW INTERACTIVE CHARTS ***<\/strong><\/p>\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>LIMERICKS<\/strong><\/p>\n<p>SHOULD WE ACCEPT CRYPTO LIMERICKS?<\/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>Floating a 75bps hike &#8211; late Monday that is what the Fed is doing in hopes of moving faster to just pull the band-aid off.<\/p>\n<p>Crypto collapse &#8211; bad things happening in the space this week.<\/p>\n<p>Mortgage applications drop off a cliff as the Fed is expected to pump up the volume&#8230;<\/p>\n<p>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?<\/h4>\n<p>Then how about a Donation?<\/p>\n<p><\/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<p><strong>Warm Up<br \/>\n<\/strong>&#8211; BAD MARKET<br \/>\n&#8211; Rule #1 &#8211; Never tell people they cannot have their money<br \/>\n&#8211; Food Wars? Big Problems<br \/>\n&#8211; WSJ Floating 75bps trial balloon!<br \/>\n&#8211; NEW WORD!<\/p>\n<p><strong>Market Update<\/strong><br \/>\n&#8211; Down 6-10% last 5 days (US Markets)<br \/>\n&#8211; Smoked on Rate hike fears<br \/>\n&#8211; Coins eviscerated, disemboweled &#8211; Another Project (Celsius) bites the dust<br \/>\n&#8211; BEAR &#8211; YTD SP 500 -21%m NASDAQ -31% VIX up 89%<br \/>\n&#8211; Natural Gas PLUNGES<\/p>\n<p><strong>Recap of last Week &#8211; Wild Stuff AGAIN<br \/>\n<\/strong>&#8211; Crypto Crashes &#8211; HARD<br \/>\n&#8211; Celsius &#8211; Bitcoin slumped 14% on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing &#8220;extreme&#8221; conditions, in the latest sign of the financial market downturn hitting the cryptosphere.<br \/>\n&#8211; Etherium whacked as well as the entire space<br \/>\n&#8211; Once again &#8211; machine\/algo\/quant driven blow ups that were levered<br \/>\n&#8211; Binance suspended withdrawals for a time being on Monday &#8211; due to logjam<br \/>\n&#8211; RULE # 1 &#8211; NEVER TELL PEOPLE THEY CANNOT GET THEIR MONEY<\/p>\n<p><strong>Coin Question<\/strong><br \/>\n&#8211; Can Binance and Coinbase halt and under what circumstances?<\/p>\n<p><strong>Tuna Fish<\/strong><br \/>\n&#8211; Robert Kiyasaki &#8211; Rich Dad\/Poor Dad said great as investment for inflation<br \/>\n&#8211; 2 things &#8211; 1) Lame discussion 2) Ripped me off of my idea<br \/>\n&#8211; Tuna great bunker food and currency<\/p>\n<p><strong>Explain?<\/strong><br \/>\n&#8211; World Bank &#8211; Food Crisis is coming<br \/>\n&#8211; Fertilizer costs up BIG &#8211; Lots of Fertilizers from Russia and Belarus (amongst other places)&#8221;<br \/>\n&#8211; Low plantings due to high cost of fertilizer = less food = higher prices and the journey continues<br \/>\n&#8211; US gov&#8217;t reportedly encouraging ag and shipping companies to buy and carry more Russian fertilizer in a measure to ease spiraling food costs<\/p>\n<p><strong>More Food &#8211; or is it China feud?<\/strong><br \/>\n&#8211; Pork Wars<br \/>\n&#8211; Smithfield Foods Inc., which is a unit of China&#8217;s WH Group, it will cease all harvest and processing operations in Vernon, Calif., in early 2023.<br \/>\n&#8211; &#8220;Smithfield is taking these steps due to the escalating cost of doing business in California,&#8221; the company said. The move is part of an overall effort to reduce its sow herd in the Western U.S., including Utah. It&#8217;s also &#8220;exploring strategic options&#8221; to pull out of its farms in Arizona and California.<br \/>\n&#8211; Lots of layoffs<br \/>\n&#8211; Maybe just making statement about states with high costs?<\/p>\n<p><strong>Rates and Markets<\/strong><br \/>\n&#8211; CPI comes in at 8.6% on Friday &#8211; all hell breaks loose<br \/>\n&#8211; Big moves in food and other core numbers,<br \/>\n&#8211; <strong>WSJ floats 75bp idea for coming meeting (current rate hike assumption is for 50 bps)<\/strong><br \/>\n&#8211;\u00a0 MONDAY 3PM &#8211; The 2-yr note yield has surged to 3.42% while the 10-yr note yield has jumped to 3.36%, eliminating the spread between the two as market participants sense an aggressive rate-hike path will lead to slower growth, and possibly a recession, in coming months.<br \/>\n&#8211; Thought &#8211; Maybe market will like that Fed is getting this done faster &#8211; instead of letting this drag out (thought of market participants) &#8212; Many presume that markets can rally on this type of move<br \/>\n&#8212;- HOWEVER &#8211; takes time to absorb this kind of move in markets &#8211; could actually cause panic<\/p>\n<p><strong>More Rates<\/strong><br \/>\n&#8211; Last week &#8211; 30 year mortgage 5.5%<br \/>\n&#8211; This week 6.35%<br \/>\n&#8211; Mortgage applications dropped 50% YoY<\/p>\n<p><strong>Tesla &#8211; Bigger problems<\/strong><br \/>\n&#8211; Production at Tesla Inc&#8217;s Shanghai factory is on track to fall by over a third this quarter from the first three months of the year as China&#8217;s zero-COVID lockdowns caused deeper disruptions to output than Elon Musk had predicted.<br \/>\n&#8211; Last week, he told Tesla executives in an email he had a &#8220;super bad feeling&#8221; about the economy and needed to cut jobs by about 10% and freeze hiring.<\/p>\n<p><strong>NEW WORD<\/strong><br \/>\n&#8211; At least newly used in current situation &#8211;<br \/>\n&#8211; WTO Chief: &#8220;I wish I could say for better. It has certainly become more complex,&#8221; she told a news conference before the meeting, listing the lingering COVID-19 pandemic, the war in Ukraine and major food and energy crises as pieces of a <strong>&#8220;polycrisis<\/strong>&#8220;.<\/p>\n<p><strong>Nukes<\/strong><br \/>\n&#8211; NoKo<br \/>\n&#8211; IRAN<br \/>\n&#8211; Russia<br \/>\n&#8211; China Now: China has made &#8220;impressive progress&#8221; in developing new nuclear weapons, but will only use them for self-defence, and never use them first, Chinese Defence Minister Wei Fenghe told delegates at the Shangri-La Dialogue on Sunday.<br \/>\n&#8211; In response to a question about reports last year on construction of more than 100 new nuclear missile silos in China&#8217;s east, he said China &#8220;has always pursued an appropriate path to developing nuclear capabilities for protection of our country&#8221;<\/p>\n<p><strong>COVID<\/strong><br \/>\n&#8211; Never going to end<br \/>\n&#8211; Beijing and Shanghai are on alert again<br \/>\n&#8211; How can this ever end if just 2 weeks back from lock-downs &#8211; lock-downs happening again?<br \/>\n&#8211; So far a total of 290 cases linked to the bar have been reported, with the afflicted from 14 of Beijing&#8217;s 16 districts, throwing the city of 22 million back into a state of anxiety.<\/p>\n<p><strong>DWAC- WHACKED<\/strong><br \/>\n&#8211; Investigation into the Truth Social SPAC &#8211;<br \/>\n&#8211; As previously disclosed in Digital World&#8217;s quarterly report on Form 10-Q for the period ended March 31, 2022 and other filings with the SEC, Digital World received a document request and subpoena from the SEC seeking various documents and information regarding, among other things, meetings of Digital World board of directors; communications with and the evaluation of potential targets, including TMTG; communications relating to TMTG; agreements with and payments made to certain advisors; investors, including investor meetings and agreements; the appointment of certain of Digital World&#8217;s officers and directors; policies and procedures relating to trading; and documents sufficient to identify banking, telephone, and email addresses.<br \/>\n&#8211; DOWN 26% today<\/p>\n<p><strong>Crypto<\/strong><br \/>\n&#8211; Microstrategy off by more than 80% from high<br \/>\n&#8211; Michael Saylor &#8211; the Crypto &#8220;god&#8221; putting company in jeopardy &#8211; possible margin call discussed<br \/>\n&#8211; He told people last year to mortgage their house, buy Bitcoin (with everything you have)<br \/>\n&#8211; Pied Piper<\/p>\n<p><strong>EVEN MORE!<\/strong><br \/>\n&#8211; Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices.<br \/>\n&#8211; About 1,000 workers<br \/>\n&#8211; CEO Brian Armstrong pointed to a possible recession, and a need to manage Coinbase&#8217;s burn rate and increase efficiency. He also said the company grew &#8220;too quickly&#8221; during a bull market.<\/p>\n<p>Follow Up<br \/>\n&#8211; Also seeing several private fintech and other public fast growers layoffs<br \/>\n&#8211; Example: Compass Realty doing a big layoff (Stock down 80% since high)<\/p>\n<p><strong>Go Private Deal<\/strong><br \/>\n-Shale producer Continental Resources Inc said on Tuesday it has received an all-cash buyout proposal from billionaire-founder Harold Hamm&#8217;s family trust, which valued the company at $25.41 billion.<br \/>\n&#8211; The Hamm family holds about 83% of the total outstanding shares of the company&#8217;s common stock. The proposal of $70 per share represents about 9% premium over Continental&#8217;s last closing price.<br \/>\n&#8211; Interesting that the stock traded to $74 today<\/p>\n<p><strong>Natural Gas plunged<\/strong><br \/>\n&#8211; U.S. natural gas fell about 16% to $7.22 per million British thermal units<br \/>\n&#8211; Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won\u2019t be back up and running soon.<br \/>\n&#8211; \u201cThe U.S. natural gas market will now be temporarily oversupplied as 2 bcf\/d or a little over 2% of demand for U.S. natural gas has been abruptly eliminated,\u201d said Rob Thummel, managing director at Tortoise Capital.<br \/>\n&#8211; Despite Tuesday\u2019s drop, natural gas prices are still up 93% since the start of the year.<\/p>\n<p><strong>Gas Prices<\/strong><br \/>\n&#8211; Average price at the pump in the US topped $5<\/p>\n<p><strong>PFOF<\/strong><br \/>\n&#8211; The head of the U.S. Securities and Exchange Commission said the agency <strong><em>may<\/em> <\/strong>propose the most wide-ranging reforms to the equities market in nearly 20 years.<br \/>\n&#8211; The proposed rules would rein in a practice called payment for order flow (PFOF), which is banned in Canada, the UK, and Australia.<br \/>\n&#8211; SEC Chair Gary Gensler said investors might get better prices without PFOF if there was more competition to execute retail orders.<br \/>\n&#8211; He suggested sending orders to auctions, to improvedeals for retail investors.<a id=\"reader.external-link.num-2\" href=\"https:\/\/www.reuters.com\/markets\/us\/wall-street-regulator-spell-out-push-overhaul-stock-trading-sources-2022-06-08\/\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a><\/p>\n<\/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 \/>\nThen how about a Donation?<\/h4>\n<p><\/p>\n<hr \/>\n<h3 style=\"text-align: center;\"><strong><\/strong><a href=\"https:\/\/www.dhunplugged.com\/CTP\/nio-inc\/\"><strong>ANNOUNCING The CTP for NIO (NIO)<\/strong><\/a><\/h3>\n<p style=\"text-align: center;\"><strong>*** NEW INTERACTIVE CHARTS ***<\/strong><\/p>\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>LIMERICKS<\/strong><\/p>\n<p>SHOULD WE ACCEPT CRYPTO LIMERICKS?<\/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-55280","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\/55280","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=55280"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/55280\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=55280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=55280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=55280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}