Elon Musk and Jussie Smollett Have the Same Problem

Poor Elon Musk, he just can’t get enough attention. Apparently, Jussie Smollett has the same problem.

Good thing for one of them there’s a difference between them.

In terms of their crimes, in Smollett’s case the wrongdoing is alleged, while in Musk’s case he signed his own admission.

I’m not interested in Jussie Smollett’s big part on a waning show on the small screen or his small life off-screen and his desire to be on TMZ, which turned into national news.

But I am very interested to see if the TMZ-lite of Wall Street, the SEC, slaps Elon Musk on the wrist again for his latest crime – or does its job properly, once and for all.

You can follow the Smollett saga on TV (be careful what you wish for, Jussie).

But you’re not going to get the “inside edition” of what’s happening with Tesla Inc. (NasdaqGS:TSLA), what could happen to Musk, and how you can make money on the situation anywhere…

Except for right here at Wall Street Insights & Indictments.

Let’s dive in…

Dow at Highest Level Since November 9

The market clearly wants to go up; today’s high of the Dow came close to scraping the high we saw in early November. All factors are pointing to a positive climb upward – the only potential inhibitor being China. On this Wednesday’s episode of Varney & Co., Shah Gilani believes that we will get some sort of superficial deal with China and it will propel the market higher. Later, Amazon.com Inc. (NasdaqGS:AMZN) could be on the brink of something HUGE that you won’t want to miss… Click here to watch.

What the New JPMorgan Cryptocurrency Means for the Price of Bitcoin

The price of bitcoin rose 8.6% from the end of last week to yesterday, February 18, on news that JPMorgan Chase & Co. (NYSE:JPM) was launching the first-ever major bank-backed cryptocurrency, JPM Coins.

Apparently, after Jamie Dimon, JPMorgan Chase’s chairman and CEO, called bitcoin a “fraud,” saying in October 2017, “If you’re stupid enough to buy it, you’ll pay the price for it one day,” the big bank honcho has had second thoughts.

Something changed for Dimon and JPMorgan Chase, and today I’ll tell you what a bank coming to market with its own coin means for bitcoin and other cryptocurrencies – and it isn’t what you think.

Later, I’ll show you how you to learn more about bitcoin – and maybe it’ll help you form an opinion on the controversial cryptocurrency…

Europe’s Canary in the Coal Mine is About to Croak

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s “troubles” aren’t just a concern for the survival of Germany’s largest bank; they’re the same troubles most European banks face.

Frighteningly, those troubles collectively threaten the future of the European Union and, by extension, global markets.

That makes Deutsche Bank Europe’s canary in the coal mine.

Bond and equity markets better be listening to the chirping noise coming from Frankfurt, because it’s getting louder.

Let’s talk about what’s ailing Deutsche Bank and what DB tells us about other European banks. Then we’ll get into how the European Central Bank (ECB) is the common thread in their flawed knitting, and what could happen to bond and equity markets if the canary croaks.

And, later, I’ll show you a way you can make money no matter what the ever-evolving market conditions are…

The Market is Up on Trade Optimism – Will It Last?

The market clearly wants to go up after the rough patch that was December 2018. January was a glimmer of hope, and after ten consecutive weeks of outflows from ETFs and mutual fund products, Shah Gilani believes that money is looking to the market – and if the rally continues, it’ll jump back in.

On this episode of Varney & Co., the panel of experts discuss go on to discuss what Amazon.com Inc. (NasdaqGS:AMZN)’s first-mover advantage may have had on Walmart Inc. (NYSE:WMT)’s recent grocery delivery problems. It’s no secret that Amazon’s strength greatly weakens other companies, and with Walmart willingly bowing out of the agreement they had with their partnerships, this may not bode well for Walmart’s ability to keep up with the trends… Click here to learn more.

Buybacks Aren’t Inherently Evil, But…

Last week, senators Chuck Schumer (D. NY) and Bernie Sanders of (D. VT) co-authored an opinion piece in the New York Times titled, “Limit Corporate Buybacks” with the subtitle “Corporate self-indulgence has become an enormous problem for workers and for the long-term strength of the economy.”

They’re right that buybacks should be limited, but wrong about their impact on workers and the economy.

So, today I’ll tell you what the senators got right, what they got wrong, and how buybacks should be treated.

But before we dive right in, let me share a quick tidbit on how you can get your share of a multi-billion cash pool…

European Growth is Slowing, Quickly: Look Out Below

Growth across the European Union is slowing, quickly and dramatically. On top of that, Brexit looms.

For interest rates, the euro, European stock markets, and Eurozone banks, that means, look out below.

Something’s happening across Europe, and you need to be aware.

Things could get bad, and you need to know where to take cover.

Here’s what’s you need to know, and what you can do in the meantime to potentially profit…

This FAANG Stock Could be the Next to Drop

Following President Trump’s State of the Union address, the agenda of which he stated was neither Republican or Democrat, but was one of “the American people,” it seems that nothing, so far, that he said will push the market one way or the other.

On today’s episode of Varney & Co., in reference to last night’s address, Shah Gilani goes on to say that had the President said something more positive about China, the market may have opened stronger today. Moving straight into some of the market’s tech darlings, host Stuart Varney asks Shah what he thinks about Apple Inc. (NasdaqGS:AAPL) and one company that Shah warns could be hit hard if it keeps raising costs… Click here to watch.

“I’m From the Federal Reserve and I’m Here to Help”

Most Americans would probably agree, if the Federal Reserve hadn’t come to the rescue in the 2008 financial crisis, the United States (and the world) would have sunk into another Great Depression.

However, most Americans don’t realize that the Fed caused the financial crisis of 2008 by keeping interest rates artificially too low for too long, fostering “irrational exuberance” and insanely leveraged mortgage bubbles.

How do you know I’m telling you the truth?

Ask yourself two questions:

1. What caused the financial crisis?
2. Where was ground zero?

If you don’t immediately and automatically, instinctively and historically know the answers to both questions, I’m afraid you don’t know what you don’t know.

That’s why I’m here, to lift the veil that’s been so carefully and expertly placed over your eyes so you don’t even know it’s there, and to tell you the truth – because no one else will…

The Fed’s Announced Triple Mandate is the Final Nail in the Free Market’s Coffin

The Federal Reserve System, the privately-owned central bank that most Americans believe is a department of the U.S. government, just publicly gave itself the last hammer it needs to nail shut the coffin they shoved free markets into.

By admitting it’s going to “think about financial conditions,” meaning the stock market, when exercising control over interest rates, the Federal debt, consumer and producer prices, employment, the economy, and investor returns, the Fed cemented its position as chief of the new command economy.

Here’s what happened, what you didn’t see happening, and what it means for the future of America’s capitalist democracy…

Chill Out – This Cold Snap Won’t Hurt the Economy

Apple Inc. (NasdaqGS:AAPL) reported dazzling earnings yet again, shooting the stock back into the $160-$163 range. This is the highest the stock’s climbed since the brutal volatility of October 2018, and our Shah Gilani agrees with many Apple spectators – this stock is definitely a buy right now.

On this week’s episode of Varney & Co., Shah Gilani and the panel of experts discuss the latest on Facebook Inc. (NasdaqGS:FB). Though the company allegedly paid teens to install an app that could collect information – but, as Shah says, the people involved knew what they were signing up for, so he doesn’t see this as something that will affect the stock. Later, with the cold front already striking multiple cities across the U.S., the experts debate on what this frigid weather could do to one sector’s impending earnings… Click here to watch.

The Stock Market Needs Another Exchange Like It Needs a Hole in the Head

As if thirteen so-called “exchanges” and forty “dark pools” aren’t enough, here comes the Members Exchange (MEMX).

Founding members of Bank of America’s Merrill Lynch, Morgan Stanley, UBS Group, Charles Schwab, TD Ameritrade, E*Trade Financial, Fidelity Investments, Citadel Securities, and Virtu Financial claim the new trading venue slated to open in 2020 will feature lower costs, greater transparency, and simplified order types.

Seems all well and good, but what they’re never going to admit is why they’re really pushing another exchange into an already fragmented, liquidity draining, churning ocean of viciously competing trading venues.

But I’ll tell you.

And you might not like the truth…

IBM is Going Right Back to the Dump Where it Belongs

On Wednesday, shares of International Business Machines Corp. (NYSE:IBM) jumped more than 10% on its better-than-expected earnings report.

The stock closed at $133.34, up 8.8% on the day.

Calling that remarkable is like calling the Grand Canyon a ditch.

It’s remarkably ridiculous, because IBM is the worst managed company in America – and its stock is heading right back where it belongs, in the garbage heap.

And if you play your cards right, you could make a quick killing as it falls…

This NASA Technology Could be the Most Lucrative Moneymaking System Ever

If you’ve been a Wall Street Insights & Indictments reader for any amount of time, you know that Shah’s goal with this e-letter is to reveal the truth when the media can’t (and won’t), show you how to make an absolute killing no matter what the market’s looking like, and to teach you how to play the Wall Street system.

And that’s exactly why we’re here with you today.

Wall Street no longer makes sense – you watch, day in and day out, as companies you thought were healthy crash and burn for seemingly no real, logical reason. Then, at the same time, other companies that should skid down the runway suddenly soar, leaving us scratching our heads and wondering if the rules even apply to Wall Street anymore.

Truthfully, they don’t. We’re in a new reality, and investors have no choice but to adapt.

But Money Morning‘s Keith Fitz-Gerald has spent decades – and over $5 million – creating a system that can help you make sense out of the nonsense that’s become the Wall Street norm.

With the help of this system and Keith’s expansive knowledge, you could be on the other side of this new reality – and be one of the only ones to have the chance at a straight shot to making over six figures by next year.

And you’re at the forefront of what could be the most lucrative moneymaking system ever…

What’s More Important: Earnings or China?

The most important thing for the market right now is China – and without a note of some resolution, Shah Gilani says that the President needs to do something to push the market higher. If we get a deal with China, the market could set the stage for a further rally. But if nothing happens, a big tank could be ahead.

On this week’s episode of Varney & Co., the hot question of the hour is what’s more important right now – earnings or China? Easily, according to Shah Gilani, it’s China, because if no resolution comes, these tariffs could morph into a full-fledged trade war, which is exactly what the market doesn’t need right now. Later, the panel of experts talk Tesla Inc. (NasdaqGS:TSLA). The company plans to raise the price of its electric vehicles, which Shah declares is a terrible move – but, he mentions, could present a good shorting opportunity if TSLA stock drops lower… Click here to watch.