Chris’ note: Regular readers know that our mission at the Cut is to help tilt the playing field back in favor of regular investors… and away from Wall Street.
My friend and colleague Teeka Tiwari has been working for months on a highly unusual project trying to achieve that goal. And he’s discovered a new way to do it. It all has to do with what Teeka calls “fake” financial news – a manipulation of the data traders and investors use to make decisions.
Thursday at 8 p.m. ET, Teeka will share all the details of how you can not only inform yourself on what’s going on, but also turn the tables on Wall Street. Register for free right here. Then, read on below to learn more about how Wall Street is fattening up most Main Street investors for the kill…
There’s an unprecedented level of Wall Street media manipulation…
Take JPMorgan Chase CEO Jamie Dimon.
In 2017, he threatened to fire any of his employees who bought cryptos. Here’s the funny thing, though… When he made those comments, bitcoin dropped about 30%.
Surprise, surprise… Some of the biggest buyers on that weakness were JPMorgan traders out of London. And to my knowledge, no one was ever fired.
But things get even better…
Earlier this month, JPMorgan released a report saying bitcoin’s market structure is more resilient than those of currencies, equities, Treasuries, and gold.
In the report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class.”
These are the kinds of “stress tests” performed on big banks. And bitcoin passed with flying colors.
I’ve been telling folks for years that bitcoin would be a long-lasting asset class. I was even mocked for doing so.
But I was one of the first newsletter editors to incorporate crypto as an asset class in my model portfolio as early as 2016. That’s back when one bitcoin sold for $425. Today, one bitcoin will set you back $9,660.
But here’s one of the world’s most powerful banks telling everyone bitcoin is more resilient than fiat currencies. This is absolutely remarkable.
Now, longtime readers know I’m bullish on bitcoin and crypto in general. But I’m not telling you this story to convince you to accept crypto as an asset class. I’ve already proven that through years of research.
I’m sharing this story because it exposes a new situation on Wall Street I call “fake” financial news.
Cryptocurrency isn’t the only market facing media manipulation. We’re seeing unprecedented levels of “fake” news about the broad market, too…
You see, I’ve been following Wall Street for three decades. And I’ve learned to watch not what Big Money says, but what it does…
Many times, what Wall Street says and does is the exact opposite.
Crypto is a perfect example.
In 2018, I saw banks, regulators, and the press drown the market in negative news. For instance, in February of that year, the Polish central bank admitted it hired a firm to spread a “smear campaign” against cryptos.
The head of the International Monetary Fund at the time, Christine Lagarde, even said central banks needed to band together against cryptos.
And yet – amid this shower of negative news – careful observers like myself noticed institutions were actually running into crypto investments.
They were getting in at the best prices on cryptos since mid-2017. While the average investor was panic selling, big investors were buying.
We’re seeing the same thing happen in the stock market today… except big traders are selling while small investors are buying.
I’ve discovered multiple cases where big-time traders say one thing and are doing the exact opposite. These divergences don’t show up on regular charts because much of this trading happens on anonymous exchanges.
We found that as many as 40% of the trades that happen in a stock never see the light of day on the charts you and I use.
Now, imagine this 40% of trading activity is happening before a big event sends individual stocks soaring or crashing.
Wouldn’t it be great to know what this other 40% of trading data is saying?
I think it would. That’s why for the last three months, my team has been studying this data.
I had my team look at public statements from high-profile investors to see if this hidden data confirmed or refuted what they were saying.
What we discovered was horrifying.
It was like getting power back after a long blackout… or flipping on the kitchen light switch and seeing a thousand cockroaches scurrying from the light.
Every public statement we tested turned out to be false. While the Big Money was saying one thing in public… this hidden data was saying the exact opposite. If it said buy, the data said sell. If it said sell, the data said buy.
In one instance, a recognized hedge fund manager said one stock was going to zero. But the hidden data said massive buying was taking place. That day proved to be the low in the stock. Ten weeks later, the stock doubled in price.
Regulatory mandated trading disclosures later revealed his fund had bought more than 3 million shares.
Friends, this is just the tip of the iceberg. That’s why on Thursday, at 8 p.m. ET, I’ll show you everything I found.
I’ll name names and show you what this hidden data is… what it’s saying about two massive stocks… and why you must start using it in your trading and investing.
It’s free to attend, so please click here to RSVP and reserve your seat today.
Let the Game Come to You!
Editor, Palm Beach Daily