Happy Thursday Zingernation! There are lots of ways to become a millionaire. You could accidentally invent the next fad item like the fidget spinner. You could hit the lottery (just kidding, we both know that’s not happening). But here’s the real key to reaching seven figures, at least according to financial expert and author Suze Orman.

-Aaron Bry and Nic Chahine

Plus, looking for exposure to the emergence of VR and the metaverse? Check out today’s partner.

Also, have you seen this new way to trade options using the "MoneyLine" approach? It's a way to win at 3X the rate of every options trader. See the strategy here.

MARKET SNAPSHOT

Yesterday: Boom baby! New all-time highs across the board as April’s inflation data came in lighter than expected. Stocks go up, me happy.

On Our Radar: Walmart, John Deere and Under Armour’s earnings are all out before the open. We’ll also get jobless claims, housing permits and other economic data. And I have a dentist appointment, so it really is a busy morning.

Plus: 20-year options trading pro Nic Chahine releases his top options trade each week. The secret is the "MoneyLine." Get the details HERE.

TOP STORY

The Fed Should Cut Interest Rates Using Proven Fiscal Rule, Economic Expert Says

In Short: Blu Putnam, former Chief Economist at the CME Group, says the Fed should cut interest rates based on the Taylor rule. The Taylor rule factors in unemployment, inflation and economic growth to determine interest rate levels.

The Context: The CPI numbers showed lower-than-expected inflation growth in the previous month, helping spark a rally in the S&P 500 Index Trust and the overall market.

What Is the Taylor Rule? The Taylor Rule, named after Stanford University economist John Taylor, is a formula that helps determine whether the central bank should cut or raise interest rates based on inflation and economic growth.

Putnam’s Argument: Putnam argued that based on the Taylor Rule the Federal Reserve should start cutting interest rates. Hotter inflation reports in previous months have shifted the interest rate outlook, with initial market projections of four to five interest rate cuts in 2024 dropping to one to two.

Click here to read the full story.

PRESENTED BY CEEK VR

Five Reasons Why CEEK Could Be The Future Of Metaverse Entertainment

Despite its strengths, the entertainment industry grapples with numerous shortcomings that can hinder creativity and innovation. These obstacles arise from the industry's centralized framework and relatively slow integration of digital technologies, preventing users from relishing the top-notch experiences they sincerely desire.

However, the emergence of blockchain and VR technology, when entwined, creates new and exciting possibilities for creators and users alike. At this new frontier of innovation is CEEK, a decentralized entertainment metaverse looking to revolutionize the industry and elevate it to unprecedented heights.

Here are the five primary reasons why CEEK believes it could be poised to become the vanguard of metaverse entertainment.

Click here to learn more.

FIVE ZINGERS

Game On: Amazon is making a bet on game shows to help drive the growth of its streaming services. Here’s what you need to know.

Or Game Over? GameStop and AMC struggled yesterday, each closing down more than 30%. Is the ride over or is it just getting started?

Tips From A Shark: Kevin O’Leary from Shark Tank shared five things that he doesn’t bother spending money on.

Console Wars: At one point, PlayStation and Xbox sales were neck and neck. But now one company is dominating and stealing market share.

Follow The Breadcrumbs: Walmart and other retailers are set to report earnings soon. Alternative data, like foot traffic, could give us some clues.

ONE FOR THE ROAD

Palantir CEO Tells US Defense Tech Companies To Scare 'The Living F* Out Of Our Adversaries' As A Way To Prevent War With China

Briefly: Palantir Technologies CEO Alex Karp proposed a unique approach to prevent a potential war with China.

What Happened: Karp suggested that the U.S. should bolster its defense technology, including software-defined weapons systems, to deter potential adversaries.

• “The way to prevent a war with China is to ramp up, not just Palantir, but defense tech startups that produce software-defined weapons systems that scare the living F* out of our adversaries,” Karp said.

Why It Matters: Karp’s comments come amid increasing tensions between the U.S. and China. The U.S. has been vocal about its concerns regarding China’s military activities, particularly in the South China Sea. The Biden administration has also been working to strengthen alliances in the Indo-Pacific region to counter China’s influence.

Click here to read more

MONEYLINE UNVEILED

Why I Won’t Touch The Market’s Hottest Stock

In Short: It’s no secret that NVIDIA is one of, if not the hottest stock on the market, more than doubling in just a few months. But, I won’t touch it with a 10-foot pole, and here’s why.

Beware: I shared a warning about Nvidia months ago—that high-flying tech stocks can crash even more suddenly than they rose. Sure enough, soon after, the financial world saw headlines like “Nvidia sheds more than $100 billion in market cap in one day” and so on.

Cautious Trading: So, how did I know? Well, the truth is, I didn’t. Not exactly…An overpriced stock can always surge higher. As the legendary trader Jim Rogers observed, markets can remain irrational for far longer than you can remain solvent.

But, But, But: When you buy overpriced stocks at lofty valuations, you’re stacking the deck against yourself… And odds are you’ll get burned sooner or later (probably sooner).

It’s exactly what my service, MoneyLine, is designed to prevent…

Since I launched MoneyLine years back, my strategy has yielded:

• An 83% win rate

• An average gain of 27%

• An average holding time of 20 days (before moving on to the next winning trade).

Don't miss out: Get a sneak peek at Nic Chahine's 83% win-rate secret here.

-Nic Chahine