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Momentum Monday - Elon and Trump Want To Beat Pelosi at Stock Picking

Author

Howard Lindzon
March 03, 2025

As a reminder, MarketSurge (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from MarketSurge. They are offering my readers 2 months for $59.95 - save $239. That's 80% off the most powerful stock research platform for individual investors.

Happy Monday…

Nancy Pelosi would not stop trading stocks while in Congress (terrible leadership and decision for us all) so not to be outdone, Elon Musk and The Trump family are pumping stocks whenever they feel like it.

I can imagine Trump trackers popping up soon, much like the ridiculous Pelosi tracker that people think will continue to outperform the indexes. It will not.

If my son Max ever took to Social Media to call me a ‘genius’ I would know I had raised a rotten kid. Here is Eric doing just that for pumping crypto on a Sunday…

Not to be outdone, Elon was on Twitter predicting a 1,000 percent gain in profits/stock (not quite sure) after the markets closed Friday.

There is NO respect for the markets in the Oval Office and the SEC is not going to be stopping any of it. It is a terrible shame because our markets are one of our best freedoms…rigs, warts and all.

As for MOMENTUM this week, outside of the gap ups in crypto and $TSLA this morning, the banks have been the best relative performer (Berkshire Hathaway at all time highs) which is not a bad thing. Tariffs won’t affect our US banks like other industries. Ivanhoff and I discuss all this below and share a few new ideas:

Welcome back to Momentum Monday!

In today’s episode of Momentum Monday, Ivanhoff and I discuss the following:  

  • Government Strategic Fund Announcement in Crypto

  • Market Manipulation and Influences on Stock Prices

  • Impact of Deregulation on Financial Markets

  • Cryptocurrency Market Fluctuations

  • Nvidia's Earnings and Growth Potential

  • Investing Strategies: Understanding P/E Ratios and Tech Stocks

Reminder: Riley on my team created the ‘Trends With No Friends’ email which is my go to list every day to track what is working and what is not. You can get it for free here.

In This Episode, We Cover:

  • Government Strategic Fund Announcement in Crypto (0:00)

  • Market Manipulation and Influences on Stock Prices (2:51)

  • Impact of Deregulation on Financial Markets (5:26)

  • Cryptocurrency Market Fluctuations (8:11)

  • Nvidia's Earnings and Growth Potential (11:20)

  • Investing Strategies: Understanding P/E Ratios and Tech Stocks (13:18)

Here are Ivanhoff’s thoughts:

The market is finally realizing that the current administration is not bluffing about tariffs and it is pricing the potential negative consequences. QQQ tested its YTD lows near 500, even briefly flushed below, and then found buyers. If it keeps rallying early next week, it will likely encounter resistance near 510. If it goes above 511, it is likely to test 520. Going back below 500 will open it up to a test of 490-480.

Corrections are a normal part of every trend. The current pullback is a correction within a bull market. It will likely end sooner rather than later and offer great entry opportunities for swing long positions. In the meantime, we have to remain tactical, protect capital, and capitalize on shorter-term market moves – both short and long.

Financials showed notable relative strength last week. XLF closed near all-time highs led by Berkshire, Visa, Mastercard. The deregulation will be a huge tailwind for the financials industry and we are seeing it in market rotation. Over the weekend, Trump gave more specifics regarding the Strategy government fund, which led to a big rally in crypto-land.

And here are the charts discussed:

PS - Here is the latest ‘Trends With No Friends’ which covers ‘new highs and new lows’ and measures the followers (friends) on Stocktwits versus the prices. Subscribe here.

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