Fasten your seatbelts

[The beef 675] [I'm an image] “This is fine. Everything is fine…” - Jason Hey there carnivores, Markets bounced back after a wild ride on Tuesday. Today we’re talking about Wall Street’s crazy day. Keep raging, Jeff & Jason [Image] [I'm an image] Quit playing games with my heart “I’m trapped in a glass case of emotion.” - traders after the close Stocks shot out of the gate like one of Jason Servis’ racehorses just after the opening bell rang, with the Dow [rising nearly 1k points]( within the first few minutes of trading. A nice change of pace. Traders went to lunch thinking everything was fine. In the time it takes to throw back three martinis and crack a few off-color COVID-19 jokes, stocks had erased nearly all of their gains. Ah, there we go. All was not lost though, as the markets rose higher before the final bell to recover from their intraday drop. The brink of a bear All three indices narrowly avoided bear market territory (which is a 20% drop from recent highs, and, if you couldn’t tell by context clues, is BAD). At their lowest points Monday, the S&P and Dow were just 0.9% and 0.2%, respectively, short of ending their 11-year bull runs. “Are we out of the woods yet?” – Taylor Swift. No, we’re not, Taylor, as all three markets are still deep in correction territory even with Tuesday’s recovery. So, why the jump? Uncle Sam is the hero we need, not the one we deserve. The White House stated Monday evening that it plans to address the slowing economic environment stemming from the CV and oil price concerns by potentially reducing payroll taxes, bailing out shale companies, and discussing free coronavirus tests for those without health insurance. *Market participants go from six to midnight* Donny Politics parlayed talking a big talk on Monday into yesterday’s meeting on Capitol Hill, where [it was proposed]( that the payroll tax rate be eliminated for the rest of the year. Payroll taxes, as an FYI, are paid by employers, Joes, and Susans (read: employees like you and I) to fund federal programs like Social Security and Medicare. POTUS also [threw out the idea]( (“just spitballing here, guys”) of helping the airline and cruise industries, and WH officials made sure to emphasize that the federal assistance to oil companies should not be considered a bailout. Those are IOUs, [might want to hang on to those.]( Cooler Commentary While the general market environment ended green, energy, airline, and cruise companies seemed to benefit the most. Some energy companies [even triggered single-stock circuits]( to temporarily halt trading, and Apache and Occidental saw gains of 13% and 15% on the day, thanks to reductions in spend and the potential that Russia and the Saudis could kiss and make up. Airline stocks took flight after stating they’d cut domestic and international routes, ground planes, and freeze hiring to address the reduced demand, sending United and American both up 12% and 15% during trading. And the rising tide raised at least two ships, with Carnival and Royal Caribbean both floating up 10.4% and 7.05% after Trump’s comments of potentially giving them a lifeboat. What’s in store for today? Tune in to find out. [Image] Profit Through The Weekend With This Brand New Income Strategy [I'm an image]( Join Jeff Williams This Thursday, March 12, at 8 PM ET As He Introduces Weekend WireTaps—LIVE Time Is Running Out To Register. [REGISTER HERE]( [I'm an image] ☑️ Snitches get stitches. Yelp turned heel (you know, beyond the whole extorting small business thing) on Tuesday, [sharing its list of grievances]( against Google with the Senate Antitrust Subcommittee. The testimony by Luther Lowe, Yelp’s senior vice president of public policy, claimed that Google favors its own products and services in search results. As opposed to the butthurt truck driver from Peoria complaining about his experience at a local Olive Garden that Yelp can provide. Yelp says that at one point, Google was true to founder Larry Paige’s word, “getting people off Google and to the right place as fast as possible.” Since then, however, Yelp alleges that Google’s OneBoxes provide answers within the search results, thus stifling competition. ☑️ Maxed out. They say no press is bad press, Robinhood begs to differ. After having its service crash during two of the biggest trading days over the last decade, it was revealed that the commission-free trading app [maxed out]( its $200M line of credit just weeks beforehand. The credit line was provided by Barclay’s, JPMorgan, and Citigroup, and it was drained just as coronavirus fears began to pick up towards the end of February. The firm claims that its maxed out cards had nothing to do with the outages, but let’s be honest, the timing isn’t great for the men in tights. ☑️ Heads, shoulders, arms and Dick’s. More than half of Dick’s Sporting Goods stores will [stop selling firearms]( by the end of this fiscal year. 440 more Dick’s locations will be without guns, following the previous removal of guns from 135 locations. The decision to remove guns from stores hasn’t hurt the sporting goods retailer just yet. It says it expects earnings per share this year to fall within the $3.60 to $4.00 range, well within analyst expectations. On the news, Dick’s rose 4%. The stock price, not the...you know what? Nevermind. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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