The Capitalist Investor - Episode 147 The past couple of months have been pretty crazy.. at first, we rallied almost 15% from the June lows, only to break through and create a new low. We ended up making the 52-week low on September 30th. The past couple of days have seen a 5% historical rally between just two days. Those kinds of rally’s usually happen during times of uncertainty if you look to the past. Is this just another bear market rally that will crash and burn? Or is this the beginning of something new and potentially a sustainable rally? Elon Musk is closing in on the Twitter deal at the full price of $54.20. All of this and more during this week’s “The Capitalist Investor”.[01:41] Just Another Bear Market Bounce? Or Something More?[12:22] Elon Musk Closing in on Twitter Deal[17:53] Cancelled – Atlanta BravesJust Another Bear Rally?Central banks around the world are hiking interest rates to cool demand and tame inflation. Over the past week, we’ve received news that some central banks around the world might not be hiking as aggressively and might buy bonds & securities to stabilize the markets. That sent the market rallying the past few days in hopes that the United States Federal Reserve might follow suit.However, on Wednesday, OPEC+ announced that they will be actually reducing the supply of oil as we head into Winter. This could greatly impact the supply & demand imbalance for oil which may cause more inflationary pressures on products and utilities since oil is a big component of our economy. The jobs numbers also came out on Wednesday highlighting over 1M job openings closed down from 11M to 10M.The market is currently trying to digest and juggle the difference between good news & bad news. Is the low in? Or was the recent 5% rally just another bear market bounce? Time will tell.Elon Musk Closing in on Twitter & CancelledBack in April of 2022, Elon Musk announced his offer to buy Twitter @ $54.20/share. Since then, the deal has been filled with many volatile ups & downs. One moment Elon is trying to buy the company, the next moment Elon wants out of the deal.The big highlight was the fact that Twitter wasn’t being transparent about how many bots are on the platform and how many daily active users are actually real that use that platform. On Tuesday, Elon Musk announced that rather than sit in court for months on end, he would go through with his offer of $54.20/share and honor that deal. What changed for Elon Musk that he now wants the platform after months in court? Did he feel that he would lose in court? Or is there something else at play? What’s Elon’s end goal with Twitter?This week on Cancelled is something we know all too well up here in Cleveland.. The Atlanta Braves might be getting a name change soon. Just like the Cleveland “Indians” before them who had to change their name to the “Guardians”, the left woke culture is now trying to cancel the Atlanta Braves. Let’s see what’s in store for that baseball club going forward. What’s the end goal with all of this cancel culture?Connect With Mark TepperTwitter: @MarkTepperSWPFollow Mark on LinkedInSend Mark a message hereThe SWP Connect YouTube ChannelConnect with Derek GabrielsenTwitter: @DerekGabrielsenFollow Derek on LinkedInSend Derek a message hereCheck out Derek’s YouTube channel!Connect With Luke LloydTwitter: @LloydBoyLukeFollow Luke on LinkedInSend Luke a message hereThe SWP Connect YouTube ChannelConnect with Tony ZabiegalaTwitter: @TonyZabiegalaFollow Tony on LinkedInSend Tony a message hereThe SWP Connect YouTube channel!Send your questions and comments to us at info@SWPConnect.com
