Here’s why this trader is shorting Apple stock and buying gold

“There’s so much more evidence that 2021 is just not what 2020 was, right? It is a completely different type of market, and some investors are able to adjust and see the information coming in and act accordingly.

Parets outlines his trading style using the recent highs of certain trading instruments as a line in the sand.

Apple stock, like many of its peers, has gone largely sideways since September despite making a nominal record high in January.

Notice those September highs — where we got to in September was 138.

And over the last year, what were the worst assets? Bonds, yen, gold, staples on a relative bases.

That trade’s been working — not just the metal, also the REITs outperforming, does that remind you of an environment where stocks are doing well? Or should they be doing poorly?” he asks.

Separately, Lee Munson, president and CIO at Portfolio Wealth Advisors, is also telling Yahoo Finance Live he likes gold as an investment because the environment for the precious metal has fundamentally changed.

Be sure to join Jared Blikre and Katie Stockton, Founder and Managing Partner of Fairlead Strategies, in a Yahoo Finance Plus webinar Wednesday, May 12 from 2:00pm ET to 2:45pm ET.

Lawmakers voted 52-47 to repeal the “true lender” rule, marking the first time Democrats have rolled back a Trump-era financial rule using the Congressional Review Act, a 1996 law that gives Congress the ability to rescind recently enacted regulations.

Wood, whose flagship fund suffered its largest outflows on record last week, said in a webinar Tuesday that she sees spiking commodity prices as a sign that businesses are double or triple ordering supplies as they try to restart their global supply lines.

Initial selling was primarily focused on technology and tech-related names, with the downturn blamed on renewed fears of a surge in inflation as the economy recovers from the COVID pandemic.

The analyst continued, “View has the opportunity to monetize add-on features to create alternative revenue streams. The company is developing new smart building applications, which we believe could represent a longer-term revenue opportunity for the company…” So far, View has only picked up 2 analyst reviews – but both are to Buy, and together support a Moderate Buy consensus rating.

“Robust funding of the CHIPS Act would help America build the additional capacity necessary to have more resilient supply chains to ensure critical technologies will be there when we need them,” the group said in a letter to Democratic and Republican leaders in both houses of the U.S.

In this article, we will take a look at the 10 best weed stocks to buy now.

— The surging cost of commodities to industries and households is a threat to China’s economic growth and the purchasing power of its citizenry.As prices soar for everything from the copper and steel used in construction, to the coal that heats homes and powers factories, to the corn that feeds animals, what can Beijing do to control the record-breaking rally?The answer is complicated by several factors, including policies on pollution and imports that have only served to exacerbate supply constraints.

senator on Tuesday asked the chief executives of Toshiba America Electronic Components, Seagate Technology, and Western Digital Corp if the companies are improperly supplying Huawei with foreign-produced hard disk drives.

BEIJING -China should implement its commitments to equal treatment for foreign business and abandon “implicit” guidance to replace foreign products with domestic alternatives, the American Chamber of Commerce in China said on Tuesday.

Last week, he told lawmakers that the cryptocurrency market “could benefit from greater investor protection.”On Tuesday, the SEC said it would “consider whether, in light of the experience of mutual funds investing in the Bitcoin futures market, the Bitcoin futures market could accommodate ETFs.” The agency also said staff would:Scrutinize the Bitcoin futures market to judge whether it “appropriately” supports mutual fund investments in the derivativesLook at funds’ ability to liquidate their derivatives in the cryptocurrencyReview funds’ valuations of holdingsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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