ALERT: NANCY PELOSI JUST DISCLOSED MAJOR NEW STOCK TRADES!
In a Nutshell
Nancy Pelosi disclosed new trades in Bloom Energy (BE) and Intel. Treasury announced potential use of $935 billion in buybacks, while Samsung fell 8% despite an $80 billion shareholder payout plan. Nvidia earnings and Fed Chair's Jackson Hole speech this week are key upcoming events.
These notes were generated by AI and may contain inaccuracies.
Nasdaq currently down 0.7% after being down 1.5% at morning lows. QQQ held above the $700 support level. Breaking below $700 would create a gap down to 660. Current price action is testing previous pre-market highs, which served as resistance before. Alerts are set for potential rejection at this resistance range.
Small short position taken at market open. Locked in $1,300 profit before closing position as direction turned against the short. MicroStrategy should not be shorted while Bitcoin remains elevated above the $75,000 level. No break below $75,000 has occurred. Direction remains bullish for MSTR based on current sentiment and price action.
US Treasury announced it could use its general account at the Fed to fund buybacks, with the account holding approximately $935 billion. Previous $4 billion buyback announcement (doubled from $2 billion) only caused Treasury bonds to recover for 24 hours before returning to previous levels. Treasury then stated more than $4 billion could be used if needed, but markets showed no response. Current announcement shows willingness to deploy the full $935 billion in the account.
President Trump announced tariffs on Canada will increase to 50% on all cars, trucks, automotive parts, and steel starting January 1st, 2027. Canada is threatening to increase costs of electricity and steel imports into the US. This appears to be a negotiation tactic.
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