While markets are relieved over the latest debt ceiling, stocks are at their highs of the year. Yet we’re still seeing signs of a slowing economy. Saudi Arabia has cut oil production by 1 million barrels per day, for the second time this year. Oil is a barometer for economic activity – we’re not all-electric yet – and reduced global demand for the commodity is a huge warning sign.
Ditto copper. The metal is even known as “Dr. Copper” as its price moves tend to anticipate changes in the economy. In the first six months of the year, prices are slightly down, following a 15 percent drop in the prior six months of 2022.
Investors should continue to look for downside opportunities to trade with put options until the economic data – and the prices of oil and copper – start to show signs of improvement.
Now here’s the rest of the news:
With 75% of Americans Reporting This, Recession Is Undeniable
As you might expect, inflation’s impact on adults in the U.S. has been severe since it moved from “transitory” to a seemingly permanent fixture… [Read Here]
Why The Debt Ceiling “Resolution” Is Bad News
It seems like the U.S. won’t default after all. Unfortunately, that means business as usual in DC – because the thing about this debt ceiling resolution is it’s missing the “solution.” Here’s why… [Read Here]
June 06, 2022
Most Americans are feeling pain at the grocery store and even worse at the gas pump. Yet on Friday, President Biden came out to tout the better-than-expected jobs numbers and to downplay the role inflation is playing in the economy. Biden has stated that “families are carrying less debt” and that “more Americans feel financially comfortable.”
While the President may not like touting the stock market as much as his predecessor, the pullback in asset valuations, the slowdown in home prices, and the continued high inflation point to a tumultuous midterm season. If Biden is right about the economy, that’s a lot of hard data to ignore. Investors and traders alike should remain cautious, and look for more big swings in the market as these two narratives play out.
Now here’s the rest of the news:
If History Repeats Itself, THIS Will Be the New #1
The 1970s to early 1980s are a good parallel to today. We had just abolished the gold standard and the government had massive debt. And believe it or not… [Read Here]
June 06, 2021
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Naturally beautiful: Berry Head East Coast Trail Newfoundland, Canada.
June 06, 2020
The Power of Your Words (and Thoughts)
“Sticks and stones may break my bones, but words will never hurt me.”
How often have you heard or said that age-old nursery rhyme — to yourself or someone you care about? Probably more times than you can remember. And while it has good intentions, the reality is it couldn’t be further from the truth…
Words have tremendous power. They can hurt, and they can heal. They can tear down someone’s world or build it up.
Thanks in part to broadened lines of communication (like social media and text messaging), people are more likely than ever to rip each other apart with hurtful words (as they hide behind the veil of technology.)
If that wasn’t bad enough, we are the masters of getting in our own way. Yes, it may seem like the world is out to get us, but we’ve got enough going on under the hood to take ourselves out of the game with self-sabotaging negative thoughts (i.e., inner dialogue) and harsh speech toward others.
In his seminal book The Four Agreements, Don Miguel Ruiz urges readers to be impeccable with your word:
- Speak with integrity.
- Say only what you mean.
- Avoid using words to speak against yourself or to gossip about others.
- Use the power of your word in the direction of truth and love.
Your words have the power to both create and destroy. The words we choose build our own reality and the reality of those around us. Be thoughtful about what you say. You have great power in your speech that can unleash a forceful fury that can create, tear down, build, heal, or hurt.
Every time you open your mouth is an opportunity to stay true to yourself and what you value… or an opportunity to stray from that path. It is up to you whether the self-fulfilling prophecies you articulate become a delight or a dungeon — for yourself and for others around you.
- How do l speak to myself and others?
- In what way is my speech positive and encouraging?
- In what ways do l have a hard time controlling my tongue?
- How do others speak to you? Are there people around you who gossip and speak negatively about others? Who are the encouraging people who lift you and others up?
- Think of an area of life you tend to complain about or speak negatively of. Challenge yourself to find a way to express gratitude every time you are tempted to complain.
To a better understanding!
June 06, 2019
You have the power within. It’s not your past that’s going to define who you are, but it’s what you believe about yourself; what is it that you expect from yourself. @TereraiTrent
TRUTH: Everything Worthwhile is…
No matter what you want in life, there is one simple truth that you have to accept: Everything worthwhile is uphill. There are no shortcuts, and there are no fast tracks. Virtually anything that has value and purpose requires work to attain it. You have to put in the effort to get what and where you want.
Whether it’s a good marriage, a successful career, a healthier, better-looking body, you name it, you have to work at it.
Put differently, anything and everything you desire in life, everything you would like to strive for, is uphill, meaning that the pursuit of it is often challenging, grueling, exhausting, strenuous, and difficult. No person who has climbed the mountain of success (in any domain) ever said, “I have no idea how I got to the top of this mountain. I just woke up one day, and here I was.”
Any climb uphill must be deliberate, consistent, and willful. It must be intentional. And the climb also requires tremendous self-discipline, which is essential for a successful life. If everything worthwhile is uphill, that means you have to make the choice to go and get it. You have to put one foot in front of the other and take that hill one step at a time.
What is that that keeps you from climbing? What are your “downhill habits” that are weighing you down? What are your “downhill beliefs” that are holding you back? We ALL have them, and one of the most important steps in the powerfully rewarding uphill journey is recognizing what they are. And there’s a good chance you have more than one. That’s okay; that’s normal.
The key is tackling them one at a time — not all at once, as that typically leads to feelings of frustration and overwhelm. Focus and work (really work) on one downhill habit or belief at a time, and each time you successfully uproot one, make sure you give yourself an uphill hope.
After all, the uphill climb never stops. It’s not a matter of “when” you achieve a certain goal or “if” you just get that next shiny object. Every day is an opportunity to take climb a little further uphill, and as you get higher and higher, the view just keeps getting better and better.
To The Climb, 🙂
June 06, 2017
The often cynical Ernest Hemingway had this to say about letter writing: “It’s such a swell way to keep from working and yet you’ve done something.”
The “caddy” is running well again… It cost a couple of grand to replace two coils in the engine, but now she’s runnin’ real smooth. Touched up the front-end area where things got a bit twisted. (I do love my silicone-sealant for repairing just-about-anything!)
Allstate Insurance is dragging their feet. I’m waiting on them to send me the paper work! Caryl and I have decided to keep the car. It will be great if “we” can get a year or more out of “the caddy” before we’re faced again with the reality of replacing it.