postcards from the florida republic what you missed, what I’m watching, and what’s investable now saturday, may 27, 2023 Dear Old Friend, The last 48 hours have been difficult. As you likely know by now we've had to make some tough but needed decisions about our future. I spent two hours on-air Friday in […]
Archives for May 2023
May 2023 - Money Morning - Only the News You Can Profit From
postcards from the florida republic - may 26
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postcards from the florida republic what you missed, what I’m watching, and what’s investable now friday, may 26, 2023 Dear Old Friend, The Federal Reserve has all the money in the world. It can magically press buttons to create currency (Ben Bernanke said so on 60 Minutes). It can pump unlimited capital into the economy […]
Tech Stocks Recapture their Old Mojo as Important Numbers Emerge
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U.S Stocks ended mixed on Thursday, with tech stocks leading the way.Nvidia Corp.(NVDA) soared 24%, now sitting squarely as the 5th largest public company in America right behind the trillionaire club.These gains are yet another sign that investors are willing to invest in promising tech stocks, despite the growing worries of a US debt default and impending recession, high interest rates, inflation and a slowing Chinese economy.
Futures Rally on Nvidia Despite Fed Minutes and Debt Ceiling Worries
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U.S.stocks fell for the second day in a row as negotiations over raising the debt ceiling continue to weigh on sentiment.The Dow Jones fell over 200 points along with the S&P 500 and Nasdaq following suit.We could see a nice rally off the back of strong earnings from Nvidia if any positive news comes out of debt-ceiling talks between Biden and McCarthy.
postcards from the florida republic - may 25
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postcards from the florida republic thursday, may 25, 2023 Dear Old Friend, We’re a week from the so-called X date (aka the default bluff) of the Treasury Department. Leaders in Washington have threatened retirees and to furlough firefighters if we don’t grant them the power to borrow more money, debase the currency, and accelerate our […]
postcards from the florida republic - may 24
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postcards from the florida republic Wednesday, May 24, 2023 Dear Old Friend, The locals arrive today to replace a 20th-century farm fence. At their request, I had to hack away at 100-year-old vines with a machete to clear a pathway through the brush and overgrowth. No sweat. They tell me that machete swinging is good […]
postcards from the florida republic - tuesday, may 23
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postcards from the florida republic tuesday, may 23, 2023 Dear Old Friend, It’s another fine day by the Gulf of Mexico. Insider Buying Is Warming Up in May This month, we’re seeing the strongest pace of insider buying-to-selling filings since October 2020. It seems executives are bullish about the debt ceiling resolution – and they […]
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