Sunday, August 2, 2026

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Jensen Huang has sold $1.8 billion in Nvidia stock

Rickards Predicts: Trump to buy tiny $2 stock?

Jim Rickards names the tiny stock he believes the Trump administration is eyeing next.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Below is an important message from one of our highly valued sponsors. Please read it carefully as they have some special information to share with you.

 

Dear Reader,

I believe the Trump administration is about to take a direct stake in a tiny $2 stock.

A stock that controls the largest mineral reserve in the country.

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Jim Rickards

P.S. The Trump administration has taken a direct stake in MP Materials, Lithium America, Trilogy Metals, and USA Rare Earth. Each time, shares sprinted higher.Click here to see why I believe this one is next.

 
 

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Follow Mr. Market Into Energy

In today's Masters Series, adapted from the July 30 issue of the free Altimetry Daily Authority e-letter, Joel Litman explains how to pivot when Wall Street is about to undergo a sector rotation...
 
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Delivering World-Class Financial Research Since 1999

Editor's note: Wall Street is preparing for a big market shift...

When uncertainty enters the markets, the top investment firms see the cracks forming and move their money to protect their wealth. According to Joel Litman – the chief investment officer at our corporate affiliate Altimetry – that kind of disruption is forming today.

In today's Masters Series, adapted from the July 30 issue of the free Altimetry Daily Authority e-letter, Joel explains how to pivot when Wall Street is about to undergo a sector rotation...


Follow Mr. Market Into Energy

By Joel Litman, chief investment officer, Altimetry

Everyone celebrated "Vaccine Monday." Everyone except Wall Street, that is...

Biotechnology leaders Pfizer (PFE) and BioNTech (BNTX) shocked the world by unveiling their new, 90%-effective COVID-19 vaccine on November 9, 2020.

It normally takes 10 to 15 years to produce an effective vaccine... Pfizer and BioNTech accomplished that feat in a matter of months.

But as people around the world rejoiced, Wall Street faced a big problem... figuring out the market's next move.

In any economic cycle, investors favor certain parts of the market and shun others. The start of the pandemic kicked off what we called the "At-Home Revolution"...

Global travel had ground to a halt in early 2020. And travel stocks like Expedia (EXPE) fell more than 50% between January and April of that year.

Meanwhile, investors put their cash toward companies best positioned to profit from the quarantine.

Wall Street caught on. And it's ready to profit from another move that's playing out today... in a completely different corner of the market.

During the pandemic, capital flowed away from travel and into areas geared toward the At-Home Revolution...

Fitness-equipment provider Peloton Interactive (PTON), for example, soared more than 550% from March 2020 through October of that year. Video-conferencing leader Zoom Communications (ZM) jumped more than 400% in that period.

This is an example of sector rotation.

The At-Home Revolution trade lasted for about eight months. But everything changed on Vaccine Monday...


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URGENT UPDATE: 'Sell This Stock Immediately'

Wall Street legend Professor Joel Litman just went on camera to tell readers which stocks they need to SELL and which stocks they need to BUY today. By simply following the strongest opportunities highlighted by this approach in the past... on average, you could have made THREE TIMES more than the wider market EVERY year since 2021. Watch Joel's urgent update now – and find out which stocks to BUY and SELL today.


One Signal – Dozens of Massive Breakouts

Seagate Technology's 220% surge... Palantir Technologies' 770% rally... Carvana's 4,400% run... Marc Chaikin and Pete Carmasino just revealed the signal that appeared before these massive winners... and recommended a stock that recently triggered the same signal. Watch the replay to get the name and ticker.


Investors who had ditched travel stocks when the world shut down quickly reversed their stance when things started to open back up.

Expedia jumped 25% on November 9, 2020... American Airlines (AAL) rose 15%... and Pfizer climbed 8%. Meanwhile, Peloton fell 20% and Zoom dropped 17%.

These days, Zoom trades for around $92. That's a long way off from its $559 peak in October 2020. Since Vaccine Monday, the company's stock is down more than 80%.

Zoom isn't a good buy today. But back in early 2020, it was one of the best investments you could have made.

The key is knowing the right time to buy into stocks. And it all comes down to sector rotation...

If you can pinpoint the sectors pulling in the most investment in the coming months, you can identify the best companies to buy in that space.

We're seeing another powerful sector rotation today...

It's no secret that AI is dominating the markets. New developments from companies like Anthropic and OpenAI are revolutionizing this technology.

Complex code can be written in minutes... tedious tasks are now automated... and cutting-edge AI models are displaying humanlike reasoning.

Despite these impressive capabilities, the AI industry is facing one significant bottleneck... power.

AI models need data centers to run. And a single data center commands enough energy to power a small city.

As we continue building more of these facilities, we'll need more energy to sustain them. This translates into more oil and gas production.

Investors are starting to recognize this trend and rotate into energy...

The State Street Energy Select Sector SPDR Fund (XLE) tracks some of the biggest names in energy. And it's up more than 30% in the past year... about double the S&P 500 Index's performance.

That's the same setup we saw in travel stocks once the COVID-19 vaccine came out... Money moved first. The individual winners came later.

Today, Wall Street is preparing to cash into the energy sector. And I don't want you to miss the best opportunities in this space.

The AI build-out may seem like an unstoppable force... but it needs continuous, reliable energy to keep going.

Now's the time to get in... before things really start to take off.

Regards,

Joel Litman


Editor's note: During Joel's 30-year career on Wall Street, he called the 2020 and 2022 crashes. And right now, he's predicting that Wall Street's most powerful players are all about to bail out of a specific group of stocks you likely own.

But you don't have to be left in the dark... Joel is revealing exactly which stocks you need to sell before August 12. And he'll also share where the big investment firms see the next big opportunities. Click here to learn more.

 

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Disclaimer: Neither TheoTrade.com  or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA |SIPC |NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results.

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Mamdani’s secret sauce might not be socialism

He is already showing pragmatism. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
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This is Bloomberg Opinion Today, today’s scapegoat of Bloomberg Opinion’s opinions. On Sundays, we look at the major themes of the week past and how they will define the week ahead. Sign up for the daily newsletter here. Subscribe to Bloomberg.com for unlimited access to all our coverage.

Free Radicals

As moderate Democrats freak out over the rise of the Democratic Socialist insurgents, I can offer this bit of solace: So far, nobody has given the keys to their city to Fidel Castro. (Yes, yes I know, Fidel is dead — just take it more figuratively than literally.) Because when I was nine years old, the mayor of my city did exactly that. In Havana, no less.

It was 1975, and the man who handed over the key to Madison, Wisconsin, was Paul Soglin, who had been elected mayor two years earlier at the age of 27. Before that, he had been arrested three times for on charges including unlawful assembly, failing to obey orders from a police officer and blocking a bus lane (not as absurd as it sounds). Soglin became a folk hero after the police forcibly cut his hair while in custody. Too bad no Cuban barber did the same with this mustache:

Castro and Soglin, comrades in hirsuteness
Source:Facebook

My point is not that a counterculture city elected a counterculture mayor at a counterculture time. It’s what happened later that’s interesting. Soglin served three stints as mayor — 1973-79, 1989-97 and 2011-19 — and all along he became more pragmatic, moderate and, dare I say it, sometimes conservative. By the end of his career he was preaching fiscal discipline and public-private development, crowing about his private-sector work for a tech company, taking a tough line on homelessness and, irony of ironies, ending the annual Mifflin Street Block Party, the always-raucous scene of the arrest that first brought him to public notice back in the ’60s.[1]

So, can we picture Representative Alexandria Ocasio-Cortez working for Amazon someday? Probably not. Senator Bernie Sanders getting DIY help at Home Depot? Unlikely.

But I wouldn’t be surprised to see New York City’s mayor, Zohran Mamdani, follow the Soglin path (well, minus the whole Castro thing). He is already showing pragmatism: maneuvering around the City Council NIMBYists to fast-track more housing; boosting the police headcount; keeping mayoral control of the schools; and, another irony of ironies, making nice with President Donald Trump.

My final irony here is a good one: While famously establishment NYC elected a progressive mayor, famously progressive San Francisco has gone all moderate on us, electing Levi’s heir Daniel Lurie as mayor two years ago. And it seems to be working out all around, at least for now.

“Despite their vast ideological differences, Mamdani and Lurie share some crucial attributes and approaches to politics that are at least as important as their policy positions in explaining their early successes,” writes guest columnist Jonathan Weber. “Politicians across America have much to learn from these commonalities.”

OK, they are both relatively young. But you can’t teach youth any more than you can teach speed. So what else?

“It starts with the fact that both are relentless, upbeat and authentic cheerleaders for their cities. Mamdani simply oozes New Yorker: He can make a simple short-form video about joy for the Knicks’ NBA championship, his concern about the heat wave or his empathy for sidewalk vendors, without it seeming forced,” adds Jonathan. “Lurie lacks Mamdani’s charisma, and his Instagram skills seem more practiced than intuitive. Yet he’s also a relatable San Franciscan, born and bred in the city, and a Democrat like everyone else. He’s shown how much can be accomplished with consistency of manner and a simple, friendly, slightly workaholic approach, expressed in a willingness to show up anywhere and everywhere. No ribbon-cutting is too small for the mayor. Same for Mamdani, who isn’t afraid to get his suit dirty while fixing a bike lane or filling a pothole.

Mihir Sharma thinks that style travels well overseas — in the person of new UK Prime Minister Andy Burnham. “Burnham’s modest announcements — comparatively cheap, easily explained and designed to be noticed by householders and small businesses — are closer to the approach of the only effective leader the populist left has produced in recent years: New York Mayor Zohran Mamdani,” writes Mihir. “Burnham is making British politics feel graspable again, just as Mamdani won because he understood that his electorate responded to leaders who spoke about everyday frictions.”

Mamdani is, however, following through on one of his socialist-leaning campaign promises: city-owned grocery stores. Allison Schrager thinks it’s a costly misstep.

“When a market fails, it is tempting for public officials to intervene with a policy to fix it. Sometimes these interventions work. Often they make the problem they are trying to solve worse — or create new ones.New York City Mayor Zohran Mamdani’s plan for government-run grocery stores, five of which are scheduled to open in 2029, falls into the latter category,” she writes. “Studies have found that when healthier food is made available in low-income areas, people don’t buy it. Local stores don’t sell highly processed, sodium-rich and sugary food because it is cheaper — they stock it because it’s what people want to buy. Perhaps that is a failure of public health policy or misguided farm subsidies. In any case, a government-run store does not fix the problem.”

And therein lies a conundrum for the Democrats. Progressives and socialists have a lot of momentum inside the party, but traditional liberals and moderates are still a healthy majority.

It’s a civil war being fueled in part by a foreign one: the Israeli incursion into the Gaza Strip. Can anyone give peace a chance? Yep, Mary Ellen Klas reports. Consider the Texas Democrats’ convention in June.

“Texas delegates recognized the right of return for Palestinian refugees. They supported Palestine becoming a United Nations member state ‘when qualified under the UN Charter.’ And they name-checked the American Israel Public Affairs Committee — one of the most prolific campaign fundraising organizations in the country — as a harmful force,” she writes. “But the party also attempted to bridge tensions by acknowledging that criticism of Israel’s policies should not be perceived as hostility toward Israelis.”

Meanwhile, back in my home state, hostility remains the order of the day.

“Democrats are freaking out about Wisconsin. State Representative Francesca Hong, a Democratic Socialist, is leading Badger State polls in the gubernatorial primary, as centrist Democrats try to coalesce around a candidate who can block her path,” Nia-Malika Henderson writes. “Their efforts come less than a month before primary day, and could end up bolstering Hong. It’s a whole hot mess, with candidates dropping out (and one jumping back in) all with an eye toward finding someone moderates think can compete in a purple state.”

That messy race got even messier on Thursday, when the centrists’ best remaining hope, former Lieutenant Governor Mandela Barnes, dropped out of the race. America’s Dairyland is the current state of the Democratic Party in a milkshake.

There is plenty of blame to go around going back years (looking at you, Hillary Clinton) but today’s scapegoat is Democratic National Committee leader Ken Martin, who is not helping himself: A recent New York Times investigation found that the Dems are millions of dollars in debt and that Martin is becoming so paranoid about his job he threw a phone at the desk of a subordinate.

“The knives are out for Martin, who seems in over his head at a time when the Democratic Party desperately needs innovative leadership and bold messaging,” Nia-Malika writes in a separate piece. “For Democrats, who lead by 11 points in the latest generic ballot polling, Martin’s weak messaging and fundraising couldn’t come at a worse time.”

Chaos at the top isn’t perhaps such a big change for the Dems, but their new primary calendar — which demotes Iowa and New Hampshire from their longtime leadoff spots — is creating further turmoil down below.

“No one can be certain yet how this new nominating system will function. At the least, it ensures that candidates cannot compete without appealing to minority voters. The ideological implications of the new calendar are less certain,” writes Ronald Brownstein. Less certain, sure, but Ronald has a guess: “The new plan could create a more challenging pathway for centrist candidates.”

Well, at least so far nobody has handed the keys to the city to Nicolás Maduro.

Bonus Roots Radical Reading:

What’s the World Got in Store?

Ticket to Ride

While Soglin and Mamdani are two lefty mayors who have searched for common ground, former New York City Mayor Bill de Blasio rarely found common sense. But he did one admirable thing: lowering the speed limit on city streets from 30 miles an hour to 25 MPH. Of course, given that our streets are more chaotic than DNC headquarters, enforcing it is nearly impossible. Yet there has been one successful effort few New Yorkers likely even know about: speed cameras, which operate near schools and infrastructure work zones, and dish out $50 tickets by tracking license plates.

Justin Fox is all for it. “Speed cameras are in fact a proven safety measure, with study after study — most conducted in Europe, where the cameras are more widely used and accepted than in North America — finding that they make roads safer,” he writes. “In Ontario, the cities of Ottawa and Toronto have gathered striking evidence since the speed-camera ban of how effective they were in dissuading motorists from going too fast.”

“So what do some people have against speed cameras?” Justin asks. “I think it’s mainly just that drivers are accustomed to a certain amount of impunity. Yes, almost everyone accepts that going more than 10 mph over the speed limit means risking a ticket, but when all the enforcement is done by police and highway patrol officers with radar guns, that risk is quite low. Speed cameras change the equation. Drive too fast in the wrong place, and you will get caught.”

So, bad news if you just dropped more than half a mil on this:

The 12Cilindri Manuale’s gated shifter Source: Ferrari. Photographer: Kai Grossmann
The 12Cilindri Manuale’s gated shifter
Photographer: Kai Grossmann via Source: Ferrari

Ferrari, with its stock now stalled, is hitting reverse to zoom ahead. “The limited edition 12Cilindri Manuale grand tourer is its first new car in more than a decade to feature a gear lever and clutch pedal,” Chris Bryant writes. “All 1,499 of these front-engined two-seaters have already been allocated to loyal clients, with shipments beginning next year. Prices start at €590,000 ($671,000), with customization likely adding another six figures on top.”

“While Ferrari is clearly adept at capitalizing on its rich heritage and pairing innovation with tradition, it mustn’t lose sight of younger high-earners, including tech world beneficiaries of the artificial intelligence boom. The average Ferrari client is in their 50s,” writes Chris.

Before the Ferrari execs begin pandering to youth, they might want to check out this hilarious video of my editor, thirtysomething Jessica Karl, haplessly trying to learn to drive stick from her father. Chalk another one up for Generation X.

Note: Please send sodium-rich sugary food and feedback to Tobin Harshaw at tharshaw@bloomberg.net.

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[1] Unfortunately, Soglin never showed remorse about meeting with Castro, who ran a repressive totalitarian state, executed political enemies, banned independent media and labor unions and sent gay men to forced labor camps because of their “bourgeois perversion.” After the Cuban leader’s death in 2016, Soglin eulogized him as “a popular leader who inspired generations of Cubans.”

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