🌿 Hawaii Discusses Cannabis Legalization
S&P 500 5,026.58 +28.70 (+0.57%)
Dow Jones 38,671.69 -54.64 (-0.14%)
NASDAQ 15,990.66 +196.95 (+1.25%)
Market close: February 09, 2024
The Warm Up
Hawaii Discusses Cannabis Legalization with Governor Josh Green saying: “People are far less violent.” Benzinga reports.
The greenback is strengthening again with the US Dollar Index up 2.8% for the year as of Friday morning. CNN reports.
Hawaiian Airlines is rolling out complimentary Wi-Fi via SpaceX’s Starlink on board commercial flights. CNBC reports.
Finnair is asking passengers to weigh themselves so that it can update their standard weight figures. ABC reports.
Trump's social media platform Truth Social is nearing a $50 million financing deal. Reuters reports.
Temu is about to run its second Super Bowl ad as it looks to continue growing rapidly in the United States. CNBC reports.
A Question About Risk:
Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Friday from 11am EST, as our risk management educator.
The differences between recovery and reflation: A recovery economic stage is indicative of strong growth and low inflation. Now, recovery can also be an extended bull market. Generally, low inflation and strong growth causes a bull market in stocks. Reflation basically means strong growth and high inflation - the price of assets is rising, that’s what’s reflating. People often talk about inflation as prices increase and that’s not necessarily the original textbook definition of inflation. Inflation, as you learned in economics 101, is the inflating of the money supply - more money is being printed. Now, inflation has now come to mean higher prices. People should understand there’s two inflationary cycles when we’re in an inflationary period and one is prices rising and the other is asset prices rising.
Monday Mindset
Physical, mental and spiritual activities to recalibrate the mind back into its trading groove.
Will coffee help or hinder your mindset? Between April 2006 and December 2010, the UK Biobank recruited 502,411 adults (37–73 years old) from the general population in the UK as part of a caffeine study. It found that moderate daily coffee consumption, especially at 2–3 cups of ground coffee, milk-coffee, or unsweetened coffee, was associated with a lower risk of incident depression and anxiety. messengers.
Friday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on February 09.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $INBS: Intelligent Bio Solutions
Total gain: (135%)
The company announced its financial results for the fiscal second quarter and six months ended December 31, 2023. Benzinga reports.
2. $TOP: TOP Financial Group
Total gain: (64%)
The stock appeared to be moving on no notable news.
3. $QFTA: Quantum Fintech
Total gain: (44%)The stock appeared to be moving on no notable news.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
DLA Delta Apparel
Quarter 1, 2024
After Market Close Estimate: -0.91 Actual: N/A
MNDY Monday.com
Quarter 4, 2023
Before Market Open Estimate: 0.32 Actual: N/A
SAFE Safehold Quarter 4, 2023 After Market Close Estimate: 0.17 Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
02:00 pm Monthly U.S. Federal Budget
Extra-Time
Visit Our Knowledge Corner
What Is Volume-Weighted Average?
Parting Thoughts
“Learning to accept the risk is a trading skill—the most important skill you can learn. Yet” ― Mark Douglas
Sourced in: Trading in the Zone Master the Market with Confidence, Discipline, and a Winning Attitude By Mark Douglas · 2001
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