Good morning – and welcome back from the three-day weekend. I hope everyone is feeling refreshed, because this week is likely to be eventful. Markets held up remarkably well given Fed Chair Jerome Powell’s "hawkish pause" last week, but central banks all continue to reiterate their determination to keep hiking rates until they can be […]
Archives for June 2023
June 2023 - Page 3 of 5 - Money Morning - Only the News You Can Profit From
This Isn't Hard: Buy Metals... Lots of 'Em... Everything You Can Get Your Hands On
postcards from the florida republic An independent and profitable state of mind. When a government man with a big ego starts blathering on about "Agenda 2030" and the state of fossil fuels… …you need to understand the endgame. The United Nations has targeted oil and gas – despite all the fuels’ benefits I touted yesterday. […]
UN Head Honcho to Investors: "Do as I Say, Not as I Do"
postcards from the florida republic An independent and profitable state of mind. Despite my affinity for Switzerland, it took little time to find a new reason why I happily live in Florida with my back to the sea. Yesterday, United Nations Secretary General António Guterres took to the podium. He addressed people sitting in […]
A Crazy Chart… And Specific Moves to Make Today
Prepare for a three-day weekend. But before you turn off your computers… I need to show you a chart. Don’t adjust your screen – your computer isn’t broken. It’s just that this chart you’re going to see is absolutely bonkers. So, strap in before you unplug… This Is the Mathematical Twilight Zone The S&P 500 […]
Here's What Commercial Real Estate Could Do When It Goes Over the Edge
Just a few months ago there was an overwhelmingly bearish consensus from investors. Now the bears are doing some soul-searching as economic data is coming in better than expected. Investors can feel decidedly and uncomfortably under-allocated at times like this, and they're jumping into the market. What's more megatrends like artificial intelligence is pushing up stocks […]
The Fed Is Strangling the American Dream... 25 Basis Points at a Time
postcards from the florida republic A few weeks ago, Deere (DR) and PepsiCo (PEP) took part in an AI conference showcasing the role of the tech in future operations. For months, media reported that AI would "unleash incredible profits for companies." S&P 500 stocks would require fewer workers. AI would unleash profitability and expand margins. […]
Rate Forecasts Rise, Commercial Real Estate Falls - What You Need to Know
The Fed Rate Forecast Surprises at 5.6% Almost everyone expected the Fed to pause its rate-hiking cycle, and that's just what Jerome Powell announced after two days of meetings. What was not expected, and what sent the markets lower, was the median rate forecast was lifted to 5.6% in 2023, compared with 5.1% from previous […]
Postcards: Collect the 7.5% Dividend Hiding Under This “Bridge” – No Tax Headaches Required
Dear Old Friend, Today, the Federal Reserve will likely suspend interest rate hikes. Yesterday, the Consumer Price Index came in at 4.0%, the lowest inflation rate in two years. There will be much chatter around the FOMC meeting – and I’ll be covering it live. We regularly cash in on the distortions the Fed creates […]
Stocks Rise on Bets the Fed Is Ready to Take a Break
The S&P 500 was up for a fourth consecutive day and is on pace for its longest winning streak since early April. This was on the back of encouraging consumer price index (CPI) data, which bolstered speculation the Federal Reserve will pause its tightening campaign this week. The CPI rose 4% in May from a […]
Postcards: Three Massive Insider Stocks Buys Just Hit My Radar
Dear Old Friend, I told you not to trust them. Goldman Sachs (GS) rug-pulled energy traders Monday by cutting its year-end oil price forecast. For two months – and two OPEC production cuts – Goldman projected a pop “into the $90s” due to supply woes. Sellers used short-term pops to dump oil. Then, just days after its […]