Your daily source for trading strategies, tech news, and politically incorrect humor.
Fellow eMBers,
Happy Friday!
It’s President Trump’s birthday. He’s turning 73.
Happy birthday Mr. President!
You can add your personal message and sign his card below…
President Trump’s Birthday Card
Now, let’s dive into your Morning Bullets.
INVESTOR INSIGHTS – Is the market setting up for another rally?
As I said yesterday, S&P continues to chop back and forth.
YOUR SILICON VALLEY (LIBERAL) OVERLORDS
Google dumped 6 of its largest lobbyist firms.
It comes as Google faces greater government scrutiny.
Do you know how much Google spends on lobbyists?
Take a look…
$21.74 million in 2018…
And they had 100 lobbyists and employed nearly 30 firms…
According to lobbying filings, Google is the largest spender on lobbying among U.S. corporations…
Will it be enough to get them out of the government spotlight?
TRUMP DERANGEMENT SYNDROME
Rep. Ilhan Omar (Democrat) ignores requests for tax returns…
TRUMP IS WINNING
Import prices are falling.
What does that mean?
Let’s dig deeper.
Prices of imported Chinese products are down 0.1 percent in May. And they are down 1.4 percent from a year ago.
Another interesting point:
Imports from Asian countries outside of China also fell in price…
That means companies who shifted production out of China are not paying higher prices.
And if it’s true, it could undermine the assumptions behind claims that tariffs would drive up prices for U.S. consumers…
If one country (China) has tariffs and other countries don’t, it does seem obvious China would become less competitive.
I asked around and heard from people who run companies heavily relied upon imports from China.
Are they worried?
Not at all… many of them went to China and told them to “eat” the tariff increase or they’ll move their production elsewhere.
The answer was obvious… Chinese agreed…
U.S. Import and Export Price Indexes summary
CRAZY-INTERESTING OR RIDICULOUSLY-WEIRD
ADDITIONAL READING AND RESOURCES (ARR)
I can’t get into all the news and interesting information out there in this one email, so what you’ll find here are articles, presentations, and resources I’m digging into and believe you should as well.
Most people think President Trump made his fortune with hotels and casinos. But that just isn’t so…
In fact, he used a very simple income trick that is EASY and available to ANYONE.
This income trick he loves is just one of MANY powerful secrets the rich use to quickly amass a retirement FORTUNE.
Discover 48 other powerful secrets the rich use to generate huge sums of money…
Your biggest fan,
P.S. We’d love your opinion.
How useful did you find today’s Morning Bullets?
Not useful at all – It was ok – It was good – Extremely Useful 15.1% 10.1% 41.8% 33.0%
Note: Percentages are updated once per week on Sundays and include all feedback since inception.
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