@Eric Seto Hi Eric, Thank you for the free courses. Quick question about the top 16 stocks, are they current? Is it safe to follow and use those stocks as newbies reach that level? Am I correct to assume the live list changes every month and this does not 🤔?

Stephen Miran, a key economic advisor to Trump, authored a November 2024 paper titled "A User's Guide to Restructuring the Global Trading System," which outlines a strategy for using tariffs to revitalize American industry and correct trade imbalances Highlights - Correcting Imbalances: The US, as the issuer of the world's reserve currency, faces a unique challenge with trade deficits and currency overvaluation, which can be addressed through strategic trade policies like tariffs - Currency Adjustments: The paper emphasizes the importance of currency adjustments in tandem with tariffs, suggesting that a weaker dollar could offset some of the negative impacts of tariffs - National Security Implications: Miran argues that the US's economic and trade policies have national security implications and that a restructuring of the global trading system is necessary to protect American interests - Focus on Reindustrialization: The paper highlights the need to revitalize American manufacturing and reduce dependence on foreign production - Not Just a Negotiating Tactic: Miran's work suggests that tariffs are not just a negotiating tactic, but a policy goal in themselves, aimed at maximizing US economic benefits - Potential for Revenue Generation: The tariffs can generate revenue for the US Treasury, which can be used to offset the costs of other government programs or tax cuts - "Optimal Tariff" Concept: An optimal tariff rate could be around 20%, and even up to 50%, could leave the US better off - Challenging the Status Quo: The paper challenges the traditional view of tariffs as blunt, outdated, and inflationary instruments, arguing that they can be a powerful tool for strategic advantage - Acknowledging Risks: While the paper presents a strong case for tariffs, it also acknowledges potential risks, such as retaliatory tariffs from other countries and market volatility

- August and September have the worst average S&P 500 returns of any months over the past ~70 years - If you have covered calls expiring in September - You might push calls out to January to have a higher time value (take advantage of being bullish in July) - If the market crashes hard in September, January calls lose value, then you could buy to close cheaply options or roll down the strikes - Another option is to adjust delta strikes for September (lower Delta on the sold covered calls) - What do you think?

Nvidia (NVDA) said on Monday that it will resume sales of its H20 graphics processing unit (GPU) chips to China and has introduced a new model tailored to meet regulatory requirements in the Chinese market. According to a company blog post, Nvidia is filing applications to resume H20 sales with the U.S. government and expects to get the licenses soon. Deliveries are expected to begin shortly thereafter. The company announced a new RTX Pro GPU designed specifically for China. Nvidia described the model as "fully compliant" and suitable for digital twin AI applications in sectors such as smart factories and logistics.

- Getting from $100,000 to $250,000 is easier than getting from $0 to $10,000 - The first stretch requires belief, structure, and brutal tracking - Its process once learned scale isn’t issue