Podcast EP 102 All Quiet on the Western Front (Dec 11)

Podcast Available onSpotify | Apple | YouTube | AmazonFollow me on Substack Notes33% Discount Ends Jan 1, 2024. It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)* I plan to turn on premium when we surpass 3000+ total subs* Pledging requires a credit card but it is not charged until Premium goes live* What will premium include? (at minimum)* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)* Webcasts covering charts of all above* Additional Premium only content* Timing: promotion good through Jan 1, 2024I want in! How?Instructions:* Subscribe by clicking “Subscribe” or this link.* Once you are a subscriber, you should see buttons that say “Pledge your support”* Enter your information on a page that looks like belowShow NotesSummary of the day* Low volume* SMH lifetime highs* Bitcoin under pressure with regulation around corner* $WFC in news about predatory lending and targeting certain demographicsBreadth* 812 new highs* 210 new lows* 52% advancing 43% declining* 25% below 50 day ma* 41% below the 200 day maStuck outThe Wells Fargo news, while not surprising, is sad. The customers have been sold this “American dream” which just is fictional at this point.“Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination”Published Mon, Dec 11 202310:00 AM ESThttps://www.cnbc.com/2023/12/11/wells-fargo-mortgage-lenders-probed-over-racial-discrimination.htmlKey Points* Wells Fargo received an official notice from the Consumer Financial Protection Bureau on problems with its use of mortgage rate discounts, sources said.* Wells Fargo hired a law firm to grill mortgage bankers whose sales included high levels of the discounts, said the sources.* Several banks received MRAs about lending practices last year, the CFPB said without naming any of the institutions.* In their industry review, regulators found “statistically significant disparities” in the rates in which Black and female borrowers got pricing exceptions compared with other customers.StrongWeakMag 7What to watchTue CPI 8:30amWed FOMCWatch mag 7 Watch yields Economic datahttps://www.marketwatch.com/economy-politics/calendar Financial Freedom is not free, but the pursuit is worth the treasure. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.notyouradvisor.com/subscribe