The Five Most Important Things That Happened Today and What to Do About Them
1) Europe is Falling into Recession, and they will likely take us with them. February Eurozone Manufacturing PMI fell to 49.2, a three-year low. You obviously haven’t been buying enough Burberry coats, Mercedes, or French wine. Click here.
2) US Crude Production Hits 12 Million Barrels a Day. That’s up 25% in a year. It’s been a long wait, but we finally did it! Goodbye OPEC. Buy US oil infrastructure plays like Schlumberger (SLB). Click here.
3) Feds Subpoena Kraft Heinz, and stock dives 27% over accounting problems. Warren Buffet takes a $4 billion hit. What really is in that ketchup anyway, besides sugar and red dye number two? Avoid (KHC). Click here.
4) Johnson & Johnson is Facing an Investigation Too, over rumors of asbestos in their baby powder. It’s probably a long-simmering urban legend. Ignore. Click here.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.