BOARD CERTIFICATION EXAM STUDY GUIDES Lower Extremity Trauma
[Click on Image to Enlarge]
ME-P Free Advertising Consultation
The “Medical Executive-Post” is about connecting doctors, health care executives and modern consulting advisors. It’s about free-enterprise, business, practice, policy, personal financial planning and wealth building capitalism. We have an attitude that’s independent, outspoken, intelligent and so Next-Gen; often edgy, usually controversial. And, our consultants “got fly”, just like U. Read it! Write it! Post it! “Medical Executive-Post”. Call or email us for your FREE advertising and sales consultation TODAY [678.779.8597] Email: MarcinkoAdvisors@outlook.com
Medical & Surgical e-Consent Forms
ePodiatryConsentForms.com
iMBA Inc., OFFICES
Suite #5901 Wilbanks Drive, Norcross, Georgia, 30092 USA [1.678.779.8597]. Our location is real and we are now virtually enabled to assist new long distance clients and out-of-town colleagues.
ME-P Publishing
SEEKING INDUSTRY INFO PARTNERS?
If you want the opportunity to work with leading health care industry insiders, innovators and watchers, the “ME-P” may be right for you? We are unbiased and operate at the nexus of theoretical and applied R&D. Collaborate with us and you’ll put your brand in front of a smart & tightly focused demographic; one at the forefront of our emerging healthcare free marketplace of informed and professional “movers and shakers.” Our Ad Rate Card is available upon request [678-779-8597].
Posted on November 12, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. equities ended the day and week higher following Thursday’s trading session, which posted the largest daily gain since 2020.
Yesterday’s sharp rise came in the wake of a cooler-than-expected October consumer price inflation report, which seems to be curbing expectations regarding how aggressive the Fed could remain with its monetary policy tightening. The ongoing turmoil in the cryptocurrency markets kept sentiment in check after crypto exchange FTX.com voluntarily began Chapter 11 bankruptcy procedures.
The bond markets were closed today in observance of the Veteran’s Day holiday, giving Treasuries a breather after yesterday’s plunge, while the U.S. dollar continued its fall.
Crude oil prices were sharply higher, and gold gained modest ground. News on the equity front was focused on some tertiary earnings reports, with Toast Inc. posting a wider loss that expected, and Doximity beating on both the top and bottom lines, as well as announcing a new share repurchase program.
The lone economic report for today showed that consumer sentiment for November deteriorated more than expected. Stocks in Asia rallied following yesterday’s gains in the U.S and amid news that China will relax travel restrictions, while European stocks ended the day mixed, tempering the previous trading session’s solid gains.
Posted on November 11, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Following his crypto exchange’s epic implosion, FTX boss Sam Bankman-Fried (SBF) said he was sorry for mistakes he made, and pledged to “give anything I have to” in order to raise the $4 billion in capital FTX needs to avoid bankruptcy.
As the SEC bear down on the company, shady activities are coming to light: FTX loaned its affiliated firm, Alameda Research, ~$10 billion worth of customer assets to fund high-risk bets, per the WSJ.
Posted on November 8, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
***
By Staff Reporters
***
***
The outcome of today’s midterm elections could be influenced by something the government has little control over: the cost of filling up your car with gas. Since the 1970s, presidential approval ratings have tended to sag when gas prices rise. And that correlation has been especially pronounced this year as inflation has run rampant and gas prices have spiked.
The Washington Post found that the share of Americans who said the country was on the right track has moved remarkably in sync with gas prices.
Since gas prices peaked in June, the correlation between Democratic generic-ballot polling and the price of gas clocked in at minus-.91, nearly a perfect inverse correlation (which is minus-1).
NOTE: Recall that correlation is NOT causation!
Why are gas prices so powerful?
Gas prices are the only consumer good whose price we’re reminded of virtually every time we leave the house, experts say. Unlike salmon fish or outdoor patio furniture, ties, shirts or sneakers, the price of gas is advertised in size-500 font on huge signs that you can’t help but notice. In fact, gas prices have been so beaten into us that they can change our behavior over decades. Researchers at the University of Pennsylvania discovered that people who experienced raging gas prices in their formative driving years in the 1970s seemed less likely to drive to work 20 years later than other age cohorts.
The curious part about the link between voter sentiment and gas prices is that gas prices have very little to do with the White House. Gas prices are largely influenced by the price of crude oil, which is a globally traded commodity. That commodity has been dealt a shock this year by Russia’s invasion of Ukraine, technical snags with refineries in the US, and OPEC+’s production cuts.
Still, President Biden’s team is fully aware of the importance of gas prices, which explains his incessant attacks on oil companies’ windfall profits, his releasing of crude from the Strategic Petroleum Reserve, and his visit to Saudi Arabia, a major oil producer.
Price check?
The current national average for a gallon of unleaded gas is $3.80, per AAA. That’s roughly the same as a month ago, down significantly from the record of more than $5, but about 38 cents more than a year ago.
Posted on November 8, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. stocks ended the day higher as the markets await some key data later this week and amid some likely caution ahead of tomorrow’s mid-term election. In the final hour of trading, the economic calendar released data on consumer credit for September, which showed that consumers borrowed less than expected. The economic docket will heat up later this week, headlined by the first read on consumer price inflation in the form of the Consumer Price Index, which will be accompanied by some commentary by Fed officials. Treasury yields rose, and the U.S. dollar saw pressure.
Crude oil prices declined, while gold nudged higher.
In equity news, Dow member Apple said iPhone shipments will be hampered by the impact of the COVID lock-downs in China, Meta Platforms is reportedly set to announce large-scale layoffs, and Dow component Walgreens Boots Alliance announced that a company it controls has agreed to acquire Summit Health-CityMD.
Asian stocks rallied, led by Hong Kong markets, while European stocks were mixed to begin the week, as the international markets continued to digest recent global monetary policy decisions.
Posted on November 7, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Meta will reportedly begin to lay off thousands of employees this week in what could amount to the company’s most significant job cuts since it was founded in 2004.
Apple said that iPhone 14 production has been hamstrung by Covid restrictions at its huge assembly plant in China.
PreCheck deflation: TSA is lowering the price for its PreCheck program ahead of the holiday travel season.
Mastodon, a Twitter-esque social media site, has seen a spike in users since Musk’s takeover of the bird app.
Posted on November 6, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
What Is Tax-Loss Harvesting?
Tax-loss harvesting is the timely selling of securities at a loss in order to offset the amount of capital gains tax due on the sale of other securities at a profit.
This strategy is most often used to limit the amount of taxes due on short-term capital gains, which are generally taxed at a higher rate than long-term capital gains. However, the method may also offset long-term capital gains. This strategy can help preserve the value of the investor’s portfolio while reducing the cost of capital gains taxes.
There is a $3,000 limit on the amount of capital gains losses that a federal taxpayer can deduct in a single tax year. However, Internal Revenue Service (IRS) rules allow additional losses to be carried forward into the following tax years.
4 Key Points
Tax-loss harvesting is a strategy investors can use to reduce the total amount of capital gains taxes due from the sale of profitable investments.
The strategy involves selling an asset or security at a net loss.
The investor can then use the proceeds to purchase a similar asset or security, maintaining the portfolio’s overall balance.
The investor must be careful not to violate the IRS rule against buying a “substantially identical” investment within 30 days.
Posted on November 5, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
AFFINITY MARKETING!
Physicians and All Investors Beware!
By Staff Reporters
***
***
Celebrity Matt Damon’s infamous “fortune favors the brave” Crypto.com commercial premiered one year ago today, and its timing couldn’t have been worse. Had you been inspired to buy $1,000 worth of bitcoin on that day (the token was then worth $60,608, near its peak price) you would have just ~$340 now.
Fortune isn’t exactly what’s favored Crypto.com in the year since the ad debuted. The price of bitcoin has plunged ~70%, the company reportedly slashed about 40% of its workforce this summer, and the YouTube version of the Damon commercial has been set to private.
Today, the coin has been pretty stable since mid-June, 2022 and hovering at around $20,000.
Posted on November 4, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
DEFINITION: Stablecoins are cryptocurrencies where the price is designed to be pegged to a reference asset. The reference asset may be fiat money, exchange-traded commodities, or a cryptocurrency.
In fact, Stablecoins could have such a profound effect on the established banking system that U.S. regulators need to require that the digital tokens fit in without disrupting it, said Martin Gruenberg, the acting chairman of the Federal Deposit Insurance Corp. (FDIC). His remarks were delivered at a Brookings Institution event recently.
Gruenberg’s agency is among the U.S. banking watchdogs that will have significant influence over how stablecoins are regulated, and the FDIC has also had to weigh in with recent sanctions against firms – such as FTX US – that have made claims misrepresenting how FDIC deposit insurance backstops their operations. As U.S. banks have increasingly sought to offer crypto services, including maintaining custody of customer’s digital assets, Gruenberg said that his agency has been cautious about allowing regulated lenders to engage.
Posted on November 4, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. equities extended yesterday’s sharp drop that followed the Federal Reserve’s fourth-straight 75-basis point rate hike and some hawkish comments. As a result of the Fed’s monetary policy decision, Treasury yields and the U.S. dollar climbed noticeably higher. The Fed’s rate hike was trailed by today’s announcement from the Bank of England to hike its benchmark interest rate by 75 bps, though it tried to suppress expectations of future aggressiveness of that magnitude. The U.S. dollar’s rally came as the British pound fell, along with the euro, as the markets digested the monetary policy actions and comments.
Crude oil prices fell, and gold traded lower. In economic news, jobless claims dipped, the trade balance widened more than expected, Q3 productivity rebounded less than fore-casted and labor costs moderated more than projected. Additionally, factory orders figures were mixed, along with October reads on services sector output. Earnings season continues to roll on, with Qualcomm cutting its guidance, though eBay topped estimates and issued a positive outlook. Moreover, Booking Holdings topped expectations and Marriott decreased despite exceeding profit projections.
Asian stocks declined, though markets in Japan were closed for a holiday, and European stocks were mostly lower as the markets digested the decisions from the Fed and Bank of England.
U.S. equities finished lower with the Dow whipsawing within a more than 900-point range following the Fed’s monetary policy decision. The Central Bank raised rates by 75 basis points for a fourth-straight meeting, but opened the door to slowing within its statement. However, in his presser following the announcement, Chairman Powell reiterated that any notion of a pause was premature.
Treasury yields were mixed and the U.S. dollar traded to the upside, while crude oil prices gained ground, and gold saw a modest loss. In economic news, mortgage applications fell for a sixth-straight week even as mortgage rates snapped a string of increases, and ADP’s private sector employment report came in above estimates ahead of Friday’s key labor report.
Earnings season continued to roll on, with Advanced Micro Devices missing earnings forecasts, and CVS Health exceeding profit projections and raising its guidance. Ford Motor Company reported October sales that showed a year-over-year decline, but EV sales grew.
Asia finished mixed with mainland Chinese markets and Hong Kong continuing rallies, while Europe also diverged amid some likely trepidation ahead of the Fed decision.
Posted on November 2, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. equities were modestly lower, as investors awaited tomorrow’s conclusion of the Federal Open Market Committee (FOMC) meeting. The Fed is widely expected to hike the target for its fed funds rate by another 75-basis points. On the economic front, the Job Openings and Labor Turnover Survey (JOLTS) posted an unexpected rebound—indicating a still-tight labor market—which seems to be enhancing monetary policy tightening concerns. Reports on manufacturing showed that activity remained in expansion territory, while construction spending unexpectedly rose month-over-month.
In equity news, pharmaceutical companies Eli Lilly and Pfizer both topped earnings estimates, while the former lowered its full-year guidance, and the latter raised its outlook.
Treasury yields were mixed, while the U.S. dollar ended little changed in choppy action. Crude oil prices gained ground, and gold was higher.
And, Asian stocks finished to the upside amid a host of mixed economic news, and after the Reserve Bank of Australia hiked rates by 25-basis points for a second-straight meeting. European markets were mostly higher in the wake of mixed manufacturing data, and ahead of today’s decision by the FOMC.
Posted on October 31, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Also known as the internet bubble or the information technology bubble, the dotcom bubble was the unprecedented rise in equity valuations of internet-based tech companies during the bull market of the late 1990s.
Thanks mainly to speculation and substantial funding for these new internet start-ups, investments in dot-coms (named as such for the .com online top-level domain [TLD] used by such companies) boosted the NASDAQ Composite Index (COMP) from 751 in January 1995 to a peak of 5,048.62 on March 10, 2000. But the bubble eventually burst in March 2000, with many companies failing to even come close to fulfilling their promise. As such, the NASDAQ fell by more than 75 percent between March 2000 and October 2002, thus wiping out more than $5 trillion in market value.
***
Some financial and economic analysts are beginning to compare this year’s tech rout (which has cost the NASDAQ $8 trillion in value so far) with the bursting of the dot-com bubble in 2000–2002, when the NASDAQ lost the equivalent of $8.6 trillion in today’s dollars. The industrial-focused Dow, on the other hand, is on track for its best October in history.
The FOMC is likely a lock to hike interest rates by a large75 basis points on Wednesday for the fourth straight meeting. Evidence that its inflation-fighting campaign is working could come on Friday, with the October jobs report.
Posted on October 30, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
Modernizing the $19.6B Knee Replacement Industry
By Staff Reporters
***
***
One way to classify joints is by range of motion. Immovable joints include the sutures of the skull, the articulations between teeth and the mandible, and the joint located between the first pair of ribs and the sternum. Some joints have slight movement; an example is the distal joint between the tibia and fibula. Joints that allow a lot of motion (think of the shoulder, wrist, hip, and ankle) are located in the upper and lower limbs.
***
KNEE: No bones about it
The $19.6b joint-replacement industry uses outdated methods, leading to 100,000 surgeries failing annually.Monogram aims to fix it with precision surgical robots + personalized implants.
Posted on October 28, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
The New York Stock Exchange will suspend Twitter shares today as Elon Musk closes in on a takeover. Musk just bought the social media company for $44 billion after trying to walk away from the deal.
***
Stocks Ended Mixed in Volatile Day Full of Reports
U.S. stocks finished mixed in a choppy trading session, as a host of earnings and economic news were released. The markets digested a second-straight 75 basis point rate hike by the European Central Bank (ECB).
Shares of Meta Platforms tumbled after missing earnings estimates and forecasting much higher-than-expected capital expenditures, while Dow members Caterpillar, McDonald’s, Honeywell, and Merck all rallied after beating earnings expectations.
The economic calendar is full as Q3 GDP growth came in stronger than expected, and weekly initial jobless claims were lower than anticipated, but durable goods orders missed forecasts. Treasury yields fell following the data, and the U.S. dollar rebounded from a recent drop amid the ECB rate hike.
Crude oil prices were higher, and gold dipped. Asia diverged as the markets remained choppy, while Europe ended higher following the ECB’s monetary policy decision and amid the flood of earnings reports.
Posted on October 27, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. equities closed out a volatile session mixed as the markets digested a host of quarterly results with earnings season kicking into high gear. Information Technology and Communications Services sectors were the biggest laggards in the wake of disappointing reports from Google’s parent Alphabet, as well as Dow member Microsoft.
Meanwhile, Dow component Boeing was lower despite optimism about its free-cash flow performance, but Dow member Visa rallied following its results.
Housing data dominated the economic front today, with mortgage applications falling for a fifth-straight week, and new home sales dropping amid the spike in interest rates in September.
Treasury yields were lower and the U.S. dollar tumbled to alleviate some uneasiness in the markets, while a smaller-than-expected rate hike out of Canada appeared to also soothe some nerves.
Crude oil prices were sharply higher, and gold traded to the upside.
Asia finished higher though choppiness remained, while Europe saw widespread gains amid cautious trading ahead of tomorrow’s monetary policy decision from the European Central Bank.
Posted on October 26, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Stocks Extend Rally as U.S. Dollar and Bond Yields Cool Off
U.S. stocks traded higher as Treasury yields and the U.S. dollar pulled back, while investors digested a host of corporate results.
Earnings reports painted a mixed picture, as Dow member Coca-Cola beat earnings estimates and raised its guidance, while Dow member 3M also announced a positive earnings surprise, but lowered its full-year outlook. Additionally, General Electric missed earnings expectations and lowered guidance, and General Motors topped profit projections. In economic news, home prices declined more than expected in August, consumer confidence decreased, and regional manufacturing fell more than fore-casted.
Crude oil and gold prices gained ground.
Markets in Asia finished mixed as economic uncertainty continued to weigh on conviction, while European stocks finished mostly higher following economic reports and the political situation in the U.K.
Posted on October 25, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Quote: “Meta needs to get its mojo back.”
With Meta’s share price down more than 60% this year, investors are losing patience with Mark Zuckerberg’s big bet on the metaverse.
Altimeter Capital CEO Brad Gerstner, whose firm has more than 2 million shares in the company, wrote an open letter yesterday urging Meta to cut headcount expenses by 20% and keep metaverse spending under $5 billion per year to become a “more productive, and more focused company.”
We’ll see how Meta feels about its own mojo when it reports earnings tomorrow.
Posted on October 25, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. stocks ended the day higher, adding to last week’s rally, which was the biggest advance since June. The three major stock averages climbed for the second straight trading day, but this rally will face a big test in the upcoming earnings season. Left out in the cold were Chinese tech stocks like Alibaba, which plunged as markets reacted (rather negatively) to China’s President Xi Jinping securing an unprecedented third term and packing the country’s leadership with loyalists.
Treasury yields were mixed, as longer-term rates reversed to the upside and seemingly weighed on growth sectors.
The markets awaited this week’s flood of earnings reports amid a day light in equity news, headlined by Tesla’s decision to cut prices for some of its vehicles in China. Political developments out of China and the U.K. were also in focus, along with a flood of Manufacturing and Services PMIs in the U.S. and abroad, which mostly showed a slowdown in activity.
The U.S. dollar was unchanged, while crude oil and gold prices edged lower.
Asian stocks finished mixed with mainland Chinese and Hong Kong equities tumbling, while Europe ended higher despite some
Posted on October 24, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
What Is a Jumbo Loan?
A jumbo loan, also known as a jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. Designed to finance luxury properties and homes in highly competitive local real estate markets, jumbo mortgages come with unique underwriting requirements and tax implications. These kinds of mortgages have gained traction as the housing market continues to recover following the Great Recession.
The value of a jumbo mortgage varies by state—and even county. The FHFA sets the conforming loan limit size for different areas on an annual basis. The limit for 2022 was set at $647,200 for most of the country. This was an increase of $98,950 from the 2021 limit of $548,250. For counties that have higher home values, the baseline limit is set at $970,800, or 150% of $647,200.1
The FHFA has a different set of provisions for areas outside of the continental United States for loan limit calculations. As a result, the baseline limit for a jumbo loan in Alaska, Guam, Hawaii, and the U.S. Virgin Islands as of 2022 is also $970,800. That amount may actually be even higher in counties that have higher home values.
Posted on October 22, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Stocks Ended Noticeably Higher Amid Wall Street Journal Report
U.S. equities rose sharply in a choppy trading session as investors sifted through a host of earnings releases, and reassessed the outlook for future Fed rate hikes. This follows the release of a Wall Street Journal (WSJ) report that said some Fed officials are concerned about over-tightening monetary policy. Investors also eyed events overseas, particularly the abrupt resignation of U.K. Prime Minister Liz Truss, as today’s domestic economic calendar was void of any major releases. Q3 earnings season continued in earnest, as Dow member American Express eclipsed analysts’ expectations but an increase in reserves for potential defaults seemed to hamper conviction.
Fellow Dow component Verizon Communications beat forecasts, Tenet Healthcare’s disappointing guidance overshadowed its earnings beat, and social media company Snap was able to post an adjusted profit, but warned of lower ad revenues in the future. Pfizer was among the standout companies after revealing plans to start charging more for Covid vaccines.
Treasury yields were mixed in the wake of the Wall Street Journal reporting, while the Fed is likely to go for another big rate hike in November, it’ll probably start slowing down thereafter.
The U.S. dollar dropped amid a rally in the British pound and the Euro, while crude oil and gold prices increased.
Stocks in Europe ended the day mostly lower, with the political chaos surrounding the U.K. in focus, while markets in Asia were mixed, as economic uncertainty continues to weigh on sentiment.
Posted on October 21, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
According to the Washington Post, Elon Musk told potential investors for his Twitter purchase that he would thin the company’s 7,500-person workforce by 75%, leaving less than 2,000 employees to protect against security threats and solve the bot problem.
But even if the deal didn’t go through, Twitter was probably headed for layoffs. Current management said they needed to cut payroll by nearly $800 million by the end of 2023. Musk’s acquisition of Twitter is expected to close by next week.
Posted on October 21, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. equities ended the day lower in a choppy trading session as the markets sifted through a host of earnings results, as well as news of the sudden resignation of the U.K.’s prime minister.
Q3 earnings season has shifted into a higher gear, as IBM beat the Street’s forecasts and upped its guidance, Tesla also exceeded estimates and offered upbeat commentary, and American Airlines far surpassed estimates on record revenue. Meta fell 1.28%. Microsoft Corp. fell 0.14% to $236.15, Alphabet Inc. Cl A rose 0.34% to $99.97, and Twitter Inc. rose 1.18% to $52.44. Trading volume (24.4 M) remained 3.5 million below its 50-day average volume of 27.8 M.
The economic calendar for the day came in heavy, with jobless claims moderating and manufacturing activity out of the Philadelphia region improving slightly, but remaining contractionary. Additionally, existing homes sales fell for an eighth-straight month, and the Leading Economic Index has now declined for six of the past seven months.
Treasury yields gained ground, but the U.S. dollar paired some of its recent run, while crude oil and gold prices nudged lower. Stocks in Europe were mostly higher with investors absorbing the events transpiring in the U.K. and more hot inflation data, and Asian markets were lower, as economic uncertainty continues to weigh on conviction.
Posted on October 20, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Elon Musk gets good news and bad news
Tesla just reported its highest ever quarterly revenue of $21.5 billion. But that still fell short of analyst expectations, so shares fell about 5% after the announcement.
And, although Tesla stock has declined around 37% since the beginning of the year, Musk remained optimistic, saying he can see a future where the company ends up “worth more than Apple and Saudi Aramco combined.”
Posted on October 20, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. equities snapped a two-day winning streak, finishing lower as investors weighed a host of earnings and economic reports and eyed a noticeable rise in Treasury yields.
Housing data was in focus today, as mortgage applications declined last week, while housing starts fell more than anticipated, and building permits unexpectedly rose.
Equity news was headlined by positive earnings surprises, as Netflix and Dow member Proctor & Gamble both bested earnings expectations, despite citing the impacts of foreign exchange headwinds.
United Airlines also topped earnings estimates and expects the strong COVID-19 recovery trends to continue to overcome recessionary pressures.
Meanwhile, the U.S. dollar rallied amid weakness in the euro and British pound, while crude oil prices gained ground, and gold fell.
European stocks traded lower following hot inflation data out of the region. And, Asian markets closed out mixed in a quiet day as the markets continued to grapple with global monetary policy tightening concerns.
Posted on October 19, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
Markets: Strong earnings reports for the stock market’s tortured participants. Stocks climbed for the second straight day after companies including Goldman Sachs, Netflix, and Lockheed Martin topped Q3 estimates. Tesla’s up later today.
Metawill sell Giphy after UK regulators blocked its $400 million acquisition from going through.
Posted on October 18, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Goldman Sachs is planning a major overhaul that would combine its investment banking and trading businesses into one unit and its asset and wealth management branches into another.
Posted on October 18, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
THE ECONOMY & RECESSION
By Staff Reporters
***
***
U.S. equities rose noticeably in the first trading session of the week following the new U.K. finance minister’s announcement that the government would abandon nearly all its tax cut plans. The moves came amid hopes of some stabilization in the global bond and currency markets which have seen increased volatility in the wake of the initial proposal.
Treasury yields traded mixed, while the U.S. dollar fell amid strength in both the British pound and the euro.
Crude oil prices nudged lower, and gold traded slightly higher.
Bank of America shares rose as the company eclipsed quarterly expectations on a jump in net interest income, while Q3 earnings season is set to kick into a higher gear this week.
***
Economy: This party may be busted by the cops. A US recession is a 100% certainty within the next 12 months, according to Bloomberg’s economic model.
Posted on October 17, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
Try (or learn about) Entrepreneurship
BY DR. DAVID EDWARD MARCINKO MBAMEdCMP®
One of the greatest things about the virtual economy is the expanded opportunity for people to branch out on their own and create something using their own expertise. Related to this is the growing societal desire to have more free time and a more balanced, efficient life overall.
In fact, years ago when I was in business school, I learned that during a recession when jobs were sparse – folks would either go back to school to re-engineer and re-educate OR start their own business.
Today – If the pandemic taught us anything, it’s that we need to be able to pivot when circumstances call for it. In the years ahead, there will be a premium on flexibility, portability, and improvisation; knowing how to earn income outside the traditional employer-employee relationship will continue to be an especially valuable skill.
ASSESSMENT: So, if you are a physician, nurse, medical professional or financial advisor in the healthcare space, think about what you’re naturally good at (or at least interested in), and determine if there’s an opportunity to monetize it in some way on your own. Your career might thank you for it!
Posted on October 15, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
This week the stock market was the opposite of a snoozefest, as economic data sent markets swinging wildly in both directions. The Dow closed higher for the week, but the S&P and NASDAQ closed in the red.
After another bad day as Tesla shares have now fallen 50% below their peak.
The Fedis investigating trades made by Atlanta Fed President Raphael Bostic during restricted periods, rekindling a controversy that has dogged the central bank. Bostic said that the trades were made by third-party managers and were not directed by him.
Trevor Milton, the founder and former CEO of electric automaker Nikola, was found guilty of fraud for lying to investors about the business.
Beyond Meatis cutting about 20% of its workforce, and its COO is leaving the company.
Decentraland, a metaverse company that sells virtual real estate, has just 8,000 daily users despite being valued at $1.2 billion.
Posted on October 14, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
***
By Staff Reporters
***
***
Stocks initially fell, and then soared.
Treasury yields rose, particularly on the short end of the curve.
The U.S. dollar declined as the British pound rallied for a second day amid speculation that the U.K. government may reverse course on its tax cut plan.
Crude oil prices reversed higher, and gold prices were lower.
Jobless claims accelerated more than expected.
Asian stocks moved broadly lower amid the inflation uneasiness, while European stocks ended the day in the green as the markets grappled with the potential tax-cut U-turn out of the U.K.
Posted on October 12, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. equities finished mixed after turning to the downside following news that the Bank of England set a three-day deadline to end its bond buying initiative and for pension funds within the U.K. to rebalance. Action was choppy most of the day, as investors awaited tomorrow’s first look at the highly anticipated September inflation data.
Now, according to the Schwab Center for Financial Research, the markets appeared to be on edge at the prospect of further monetary policy tightening, which could be enhanced by the inflation reports. In light economic news, small business optimism unexpectedly increased but remained below the 48-year average for a ninth-consecutive month.
On the equity front, Leggett & Platt lowered its full-year guidance, KLA Corporation ceased some of its business with China-based customers following export restrictions, while a proposal from the Labor Department is pressuring ride-hailing and food-delivery companies. Treasury yields were mixed after a return to action following yesterday’s holiday.
The U.S. dollar finished modestly higher in its own whipsaw session, crude oil prices fell, and gold was also lower.
Asian markets were mostly lower following new export rules on semiconductor chips from the U.S., while European stocks were lower as the Bank of England announced further intervention to try to ensure financial stability.
The global markets continue to grapple with the possibility of future global rate hikes as inflationary concerns remain.
Posted on October 12, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
R.I.P.
By Staff Reporters
***
***
CNN was just accused of a “rug pull” after it suddenly shut down its Web3 project Vault by CNN, leaving collectors blindsided. The news network sparked outrage among collectors who paid thousands for non-fungible tokens sold by Vault, CNN’s own NFT marketplace, which was set up in 2021 to “offer collectors the opportunity to own a piece of history.” Investors could pay for digital ownership of CNN news reports or artistic interpretations.
Members were told that the company had decided to end what it said was originally a “6-week experiment” and that they would be compensated “pro rata based on the total purchase price of each wallet’s NFTs according to a snapshot taken on October 6, 2022.” A separate message from CNN staffer “Jason” confirmed that this would amount to “roughly 20% of the original mint price for each Vault NFT owned.”
Developers also added that the NFTs would remain under the ownership of those who bought them, and that the website would remain open to be used as a marketplace so that collections could still be viewed. Additionally, unsold NFTs are to be burned, making the remainder “rarer.”
Posted on October 8, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. stocks traded noticeably lower on the heels of the September nonfarm payroll report, but was still able to post weekly gains following the strong rebound on Monday and Tuesday. The labor data showed job growth rose more than predicted, while the unemployment rate unexpectedly declined, and the labor force participation rate surprisingly dipped. The report seemed to dampen recently increased optimism that the Fed could decelerate its aggressive monetary policy tightening campaign.
In other economic news, wholesale inventories were unrevised at a solid gain, and data on consumer credit showed consumer borrowing was well above expectations.
Treasury yields rose following the labor report, and the U.S. dollar continued to rebound from a stumble earlier in the week.
Crude oil prices climbed following the decision from OPEC+ to cut oil production and gold traded lower.
Asian stocks finished out the week broadly lower, and European stocks trimmed a weekly gain as volatility remained in the currency and bond markets across the globe.
Posted on October 5, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
The Federal Reserve just put out an update saying that debit-card issuers such as Visa Inc. will have to enable at least two payment-card networks for debit-card processing, including for online and other “card-not-present” transactions. The rules are “substantially similar” to a proposal from last year, the Fed announced.
The final deadline for implementation will be July 1, 2023.
Posted on October 5, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
The Dow surged 825 points, or 2.8%. The Dow has soared more than 1,500 points in the past two days. It is now back above the key 30,000 milestone and is about 18% off its most recent record high, meaning that is no longer in a bear market.
The S&P 500 and Nasdaq gained 3.1% and 3.3%, respectively. But both of those indexes remain in bear territory, at more than 20% off their all-time highs.
***
The UK is scrapping its plan to remove the 45% top rate of income tax, calling it a huge distraction from other priorities. The plan, which the government defended just recently, caused a mini-financial meltdown before the Bank of England stepped in with emergency measures.
Posted on October 4, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Markets: Stocks came out of the Q4 gate with the S&P and NASDAQ posting their best first day of a quarter since 2009. Is it just a temporary “relief rally” from the Fed-induced gloom of September? We’ll find out soon. One of the few party downers was Tesla, which got hammered after it revealed it shipped fewer cars than expected last quarter.
***
Meta meanwhile will reduce budgets across most teams, even those that are growing, and that individual teams will sort out how to handle headcount changes. That could mean not filling roles that employees depart, shifting people to other teams, or working to “manage out people who aren’t succeeding,” CEO Mark Zuckerberg said. The cost cuts and hiring freeze are Meta’s starkest admission that advertising revenue growth is slowing amid mounting competition for users’ attention. Besides economic pressures, the company’s advertising business, built on precise consumer targeting, has lost some of its edge due to new privacy restrictions from Apple Inc. on tracking iPhone users. Also, rival TikTok is attracting younger users away from Meta’s Instagram platform. Zuckerberg is also making an expensive bet on the metaverse, an immersive virtual reality future where he imagines people will eventually communicate, an effort he has said will lose money for many years.
Posted on October 3, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Quote: “Maybe Oprah would be interested in joining the Twitter board if my bid succeeds.”
Floating Oprah as a Twitter board member to CBS anchor Gayle King is just one of many juicy Elon Musk texts that were released yesterday ahead of the Musk v. Twitter trial.
Also included in the treasure trove: Oracle co-founder Larry Ellison pledging $1 billion to Musk’s take-private bid because “it would be lots of fun” and former Twitter CEO Jack Dorsey endorsing Musk’s attempted takeover because, “It’s too critical for humanity.”
Posted on October 3, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Leaders at the Swiss bank tried to calm down investors and clients after concerns mounted about its weak financial position, the FT reported.
Credit Suisse’s stock price has fallen to a record low and spreads on its credit default swaps have spiked, suggesting that investors are worried about it potentially defaulting.
CEO Ulrich Körner fired off a memo assuring employees that the bank has a “strong capital base and liquidity position,” but it remains in a “critical moment” ahead of a massive overhaul.
Posted on October 3, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Stock Market Last Week
The major indexes tried to bounce at various points last week, but ultimately fell solidly for the week, right at bear market lows.
The Dow Jones Industrial Average skidded 2.9% in last week’s stock market trading.
The S&P 500 index also retreated 2.9%. The NASDAQ composite lost 2.7%.
The small-cap Russell 2000 gave up 1.4%. For September, the Dow lost 8.8%, the S&P 500 9.3%, the NASDAQ 10.5% and the Russell 2000 10.1%.
The 10-year Treasury yield rose 11 basis points in the past week to 3.81%. The yield backed off after topping 4% early Wednesday morning, but rebounded from Friday’s lows. The 10-year Treasury yield has risen for nine straight weeks.
U.S. crude oil futures rose 1% to $79.49 a barrel in the past week, even with Friday’s 2.1% loss.
Posted on September 29, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
Bank of England steps in to soothe markets. The Bank of England moved to quell the market panic caused by the British government’s recent announcement of major tax cuts, saying it would buy 65 billion pounds ($69 billion) worth of bonds and push off its plans to sell bonds to prevent “a material risk to UK financial stability.”
So, it looks like the central bank did manage to get investors to keep calm and carry on: The pound, which had been crashing, stabilized and bond markets across the globe rallied after the news came out.
The Federal Reserve now owns $2.6 trillion in mortgages. That means about 24 percent of all outstanding residential mortgages in this whole big country reside in the central bank.
Posted on September 28, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
An index tracking US home prices posted a monthly drop in July for the first time since 2012, signaling the end of a decade long bull market that went sky-high during Covid-19.
Expensive West Coast metros—San Francisco, Seattle, and San Diego—saw the biggest declines.
Posted on September 28, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Bitcoin, the world’s largest digital asset by market value, fell as much as 1.2% to trade around $18,878, failing to sustain an earlier advance. Ether, the second-largest cryptocurrency, also dropped. Most major digital assets were posting declines as of 1:45 p.m. in New York.
The downturn occurred as US stocks turned lower, with the S&P 500 on pace for a sixth session of losses. Global financial markets have been gripped by volatility as central banks continue to promise that they’re going to keep raising interest rates to fight inflation that’s proven stickier than many had thought.
Posted on September 26, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
The worst bond market decline since 1949 is set to disrupt the stock market, according to Bank of America.
The bank said soaring interest rates will unwind the most crowded trades in the stock market, including long US tech.
“Bond crash in recent weeks means highs in credit spreads, lows in stocks are not yet in,” BofA said.
***
Specifically, ongoing bond market crash can lead to a credit event that would effectively unwind the long US dollar, long US tech, and long private equity trades, which have been widely held by investors for years. Those crowded trades have helped catapult mega-cap tech companies like Apple, Amazon, Alphabet and Microsoft into trillion-dollar behemoths that make up nearly 20% of the S&P 500.
I was interviewed on PBS Newshour about the insanity that is happening in the NFT (non-fungible token) market. You can watch it here. If you read my “I Kid You Not Crazy” article, then you know everything I have to say about NFTs and cryptocurrency. I can sum up my thoughts on NFTs in one sentence: NFTs, just like cryptocurrencies, are a technology of the future, but a speculative bubble induced by excess global liquidity in the present.
Posted on September 19, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
Bitcoin just dropped 1.54% to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world’s biggest and best-known cryptocurrency is down 58.9% from the year’s high of $48,234 on March 28th.
Ether, the coin linked to the Ethereum blockchain network, dropped 3.2 % to $1,422.1 losing $47 from its previous close.
Posted on September 14, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Dan McCarthy
***
***
Like everyone’s desire to work, venture funding sank to a new low during the dog days of summer. In August, global venture funding fell to $25.2 billion, per Crunchbase, less than half of the ~$53 billion invested one year prior, and the lowest monthly venture-funding total in two years. It’s down ~10% from the previous month.
Even so…The ongoing pullback didn’t stop several companies—including Adam Neumann’s, uh, controversial, comeback project Flow—from locking down significant investment rounds in August. Here are three rounds that stood out to us…all of which happen to play in the clean-energy space:
Terrapower, a nuclear tech developer founded by Bill Gates,raised $750 million. Gates co-led the round with SK Group, which plowed $250 million into the company. In addition to nuclear power generation, the company is also researching nuclear medicine techniques.
Longroad Energy, a renewable energy developer based in Boston, raised $500 million. The company said that the funding would catalyze a shift toward an owned-and-operated business model and enable it to grow the capacity of its wind, solar, and storage assets from 1.5 gigawatts (GW) to 8.5 GW in the next five years.
Lunar, a home-electrification startup founded by a former Tesla Energy exec, debuted with $300 million in funding, with residential solar bigwig Sunrun and SK Group (hello again) as investors. Later this year, Lunar plans to begin releasing hardware and software products that make it easier for homes to generate, use, and store carbon-free energy.
Monthly venture funding has been trending down since it hit a record high of $69.4 billion last November, as rising rates, inflation, and general economic uncertainty have turned the investing temperature from “deep summer” to “that first really cold day of winter where you neglect to wear a proper coat.” But it’s time for two of our most common refrains on this subject: 1) $25 billion in monthly VC funding is still a lot of money 2) VCs are sitting on a record high of more than half a trillion dollars in dry powder. Those reserves are unlikely to be emptied in 2022, but there is a lot of committed capital on hand for startups to vie for.
Posted on September 13, 2022 by Dr. David Edward Marcinko MBA MEd CMP™
By Staff Reporters
***
***
U.S. stocks kicked the week off higher as Wall Street inched closer to highly-anticipated inflation data this week. The S&P 500 climbed 1%, while the Dow Jones Industrial Average jumped 230 points, or 0.7%. The technology-heavy NASDAQ Composite led the way up, soaring 1.3%. The moves build on a recent rebound rally that helped all three major averages log weekly gains for the first time in three weeks on Friday. The S&P 500 and NASDAQ each rose more than 4% during over the holiday-shortened week, while the Dow rose 3.2%.
In commodities, oil prices edged higher, extending a streak of recent back-and-forth action. West Texas Intermediate (WTI) futures rose about 1.3% to $87.91 per barrel and Brent crude oil advanced 1.4% to $94.13 per barrel.
Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 