$5000 iPhones and The Debt Ceiling is Raised — Nick Santiago 6-5-23 #483




Kerry Lutz's--Financial Survival Network show

Summary: 1 .Friday was a huge market surge as the debt ceiling was approved by the Senate. There was also a goldilocks job report released on Friday morning. It's amazing how that happens. <br><br>2. Saudi Arabia will implement an additional voluntary cut in its production of crude oil, amounting to one million barrels per day. OPEC+ makes no changes to oil production targets.Crude is trading higher by 1% to $72.40 a barrel. <br><br>3. Apple (AAPL) is holding its Worldwide Developers Conference today where it is expected to unveil a mixed reality headset. The cost is about $3000.00 for the headset. AAPL stock is making new all time highs this morning. <br><br>4. The financial stocks are weak today across the board. the Regional Bank ETF (KRE) is trading down by nearly 3%. While this has improved recently it still is a weak chart on the larger time-frames. <br><br>5. Gold is trading up today, but did sell-off on Friday. So far, the $1940 support level is holding. Just remember, this is just daily chart support. <br><br>6. Bitcoin futures are down 2% today. They have been in a choppy range and can go either way short term.<br><br>This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/3244966/advertisement">https://www.spreaker.com/show/3244966/advertisement</a>