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Pricing Issues For Home Depot, Home Prices Are Falling, XRP Price Is In A Precarious Position, And McDonald's CEO Admits People Reject Plant Based Meat...
The Daily Ninja 6/28/24
Updates From The Economic Ninja
(6/27/2024)
π The current economic situation is like being in the eye of a hurricane, calm before the storm hits from a different direction.
π° Data sources like St Louis Fred show that nationally home prices have fallen 8%, the same amount as the entire Great Recession, but the metrics have been changed to hide this information.
π‘ Real estate is the main difference between wealthy and poor people when it comes to investment vehicles, offering five different ways to make money.
π₯ The nation is being robbed through taxes and inflation, with people unaware of the impending consequences.
π The current economic situation presents an opportunity for those with financial stability to build up their resources and invest in real estate.
π° Leveraging a bank's money at the bottom of the market can be a valuable strategy for real estate investment.
π The current housing market cycle is leading to panic and short sales, impacting those who can't pay their house payments.
π₯ "The people that have understood that are the kind of people I want to be around."
(6/27/2024)
π Technical analysis is a picture of history and the charting of emotions, reflecting human emotions in investing.
π Identifying patterns like triangles can be a useful strategy for traders analyzing XRP price movements.
π² The head and shoulders pattern breaking the neckline can result in an 80% chance of a price move in that direction.
π "Investors buy when prices are going down and they buy it based off of future technical analysis and future fundamentals."
π The correlation between stock market and crypto is increasing due to the invention of ETFs, creating more risk in the market.
π The 200 day moving average is one of the first things to look at when analyzing XRP price movement.
π The speaker uses various indicators and patterns, such as the trampoline and purple nurple, to predict the movement of XRP.
π² Understanding the difference between technical analysis and fundamentals is crucial in trading, as 133% is still 133% whether it's a win or a loss.
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(6/27/2024)
π McDonald's CEO admits that people are rejecting plant-based meat, calling it "disgusting and possibly even toxic fake burgers and sausages."
π Despite inflation, McDonald's coffee is still cheaper than its competitors like Starbucks and Dutch Brothers.
π The tide is shifting against billionaires like Bill Gates who advocate for a reset of the food chain by ushering in sustainable insect burgers and plant-based meat.
π€ McDonald's reflects the health or sickness of the economy.
Keep Crushing It!
-Ninja Out