Investors naively cheered an inflation rate of 3%, and the stock market rallying hundreds of points, propelling everything from bank stocks to oil futures higher. Clearly, the Fed’s brilliant plan is working. Unemployment remains low… Corporate earnings are expected to bottom this quarter… and inflation is almost down to the target 2% rate. So, why […]
Tell me if this sounds familiar… Your friend, who always seems to hit monster trades, offers a “hot” idea. He tells you that Meta (NASDAQ: FB) is about to explode higher in a matter of days. You know you need to act quickly. But the last time you jumped on his idea, you screwed up […]
The Biden administration wants you to think everything is hunky dory. We’re not only seeing record-low unemployment, but also incredible wage growth. Heck, the bottom 50% saw their percentage of total wealth gain nicely over the last decade. Source: Federal Reserve In fact, wage gains for all groups climbed markedly over the last few years, […]
The first half of 2023 closed with the S&P 500 up 15.5%, half of which came in June, typically one of the worst months for stocks. Big-cap tech rallied back, pushing the big indexes higher, while the broader markets sputtered. Bitcoin rose by 84% as well. Artificial intelligence found its way into every earnings report. […]
How do you know when a politician is lying? His or her lips are moving. And yet, Chairman Jerome Powell has been strikingly honest, even if dim-witted. His latest comments confirmed what many of us suspected: The Fed plans to jack up interest rates until inflation evaporates. Unfortunately, THAT’S IMPOSSIBLE. But what does he care? […]
The internet boom of the ‘90s was great… The decade of Fed helicopter money was lovely… But as far as we’re concerned, there has never been a BETTER TIME to make money. Now wait a minute, haven’t we been WARNING everyone about the dangers everyone else seems to ignore? Absolutely. With danger comes volatility. And […]