Good morning.
Markets are trending down, following a few strong weeks after the resolution of the debt ceiling and bullish sentiment pushing AI stocks significantly higher. This looks like the start of a necessary pullback. That doesn’t mean a bear market drop of 20 percent, and it likely won’t even mean a correction of 10 percent.
But it’s likely we’ll see a 5-10 percent drop simply to get the market off of its current overbought levels. That may lead to some sideways trading over the summer months, which is a historically normal seasonal trend. We’ll likely see a low in the autumn, with more of a pullback if there’s another banking crisis or danger.
Overall, now’s the time to take profits, particularly on any tech trade. And look to grab income off of your long positions with trades like covered call writing. And for those looking to buy on the pullback, put together a list of stocks to buy and a price you’re willing to pay now, to best take advantage of this market pullback.
Now here’s the rest of the news:
China Appears To Be Teetering On The Brink
The People’s Bank of China cut two more key lending rates on Tuesday for the first time in 10 months to prop up growth in the world’s second largest economy. The Chinese central bank cut the one-year loan prime rate by 10 basis points from… [Read Here]
Heavily Revised Housing Report Fools Mainstream “Experts”
Today the Census Department released the New Residential Construction Report for May 2023. The report contains more enormous revisions. Last month I stated “History suggests the April rise will be revised away in May,” but I was unprepared for just how wrong… [Read Here]
June 22, 2022
Good morning.
Energy prices are one of the biggest drivers of inflation. Russia’s ongoing war in Ukraine has kept oil prices near seven-year highs. The good news? they’re still a bit off highs in the $140 range, such as those set in 2008.
But gasoline prices continue to hit record highs. And that trend may continue. Two key reasons explain why. First, refining capacity is too low to meet current demand. Second, refiners have to trade off turning oil into gasoline or into diesel fuel. As diesel prices trend higher, so does the cost of shipping, which can impact prices for any physical good. That’s why traders should look to scale out of some of their energy trades, and focus on companies like refiners that can perform well in today’s shifting energy markets.
Now here’s the rest of the news:
Top Federal Reserve Official Says Inflation Is About to Surge Again
Federal Reserve President Loretta Mester predicted Sunday that it will take several years before inflation subsides to the Fed’s targeted level. Last week, the Federal Reserve raised benchmark interest rates 0.75%, the most aggressive hike… [Read Here]
We Haven’t Seen Carnage Like This Since 2008
Trillions of dollars in market wealth has already been wiped out, and investors are bracing for a chaotic second half of 2022. We truly haven’t seen anything like this since the financial crisis of 2008. The early months of 2020 were volatile due to… [Read Here]
June 22, 2021
Good morning.
Technical analysis is a key part of any investor’s toolkit – it’s at least good to get an idea if a stock is heading up or down before buying shares. Many technical analysts saw Friday’s sell-off as a point of caution, given that it caused the S&P 500 to drop to the lower end of a trend that it’s been in for several months.
That makes Monday’s reversal critical. While it doesn’t point to an immediate return to all-time highs for the S&P 500 (set last week), it increases the likelihood of markets continuing higher, rather than selling off in to the summer. Seasonally, that makes sense as well. Summer tends to be a quieter time, with bigger selloffs occurring in the autumn.
Now here’s the rest of the news:
The Pandemic Cost Us a Lot, but Taught This Valuable Lesson: The economic shock of the pandemic has forced many to reconsider their future plans. One in three Americans postponed retirement. That’s grim, but if we take a closer look, we’ll see a silver lining… [Read Here]
June 22, 2020
Good morning.
“If you’re listening to the noise of the world it’s impossible to hear the whispers of your soul.” –Marie Forleo
I hope everyone had a chance to wish their fathers happy Father’s Day over the weekend. We can’t always be with the ones we love, but hopefully you had an opportunity express your gratitude for all the sacrifice that’s been made on your behalf. 
While I lost my father just over ten years ago, the things he taught me always come to mind. I am where I am today because of him.
** ** **
Now here’s the rest of the news:
Fed Gold Buying May Soon Be the “Policy Option of Choice”
Expecting prolonged quantitative easing and zero interest rates, Guggenheim’s CIO details why the central bank will buy gold as “responsible policy response”.
June 22, 2019
Received my “Big Al” Report quite a few weeks ago … but just got around to reading it! It’s packed with a lot of great stuff.
Item #1: How quickly do our prospect make their decisions?
I ask you, “Do you like the taste of coffee?” How long does it take you to make a decision?
I say to you, “You and l frequently complain about our job. Do you want to have a cup of coffee with my friend who can give us at least one more option for an escape plan?” How long does it take you to make a decision?
I say to you, “I lost 15 pounds with this new diet. Do you want to try it? We will lose our next 15 pounds together.” How long does it take you to make a decision?
See a pattern? Our prospects make up their minds to buy our products and services, or join or opportunity, almost instantly. 
The decision comes first, and then come the details.
Item #2: Do we have busy prospects?
I hope so … just not too busy to listen!
If our prospects feel like they are too busy to participate in our opportunity, it’s a safe bet that they don’t want to feel that way for the rest of their lives. They have to do something to change this.
Here is the solution. Now, anyone can fit our business into their busy lifestyles. ==>>
To a great day! 🙂
June 22, 2017
I was getting a bit long-winded on my last post … but this is where I was headed! I believe everyone is looking for something! Two of those some THINGS are health and wealth … I’ve never met anyone that could not use a little more … OR A LOT MORE … of health and/or of wealth.
A big part of ME is my Network Marketing love! YES … I LOVE THE NETWORK MARKETING PROFESSION.
And although I do not own the profession, the profession enables me to conduct my business in a manner that best-suits ME. Because I want many, many hundreds of others to experience and rejoice in “the biz” as well, I take an approach to prospecting that is completely with-out stress. In fact, I despise the word prospecting. I ask my new acquaintance or friend, “Hey, l’m just curious. Would you be at all open to a side project if it didn’t interfere with what you’re currently doing?” OR “What are your thoughts about the use of Essential Oils?
If they’re not open, I DON’T proceed to the next step.
I might say, “No.” … “Okie-dokie. Have a great day. ”
If I’m feeling a little courageous, and have the time, I might add, “Okay, cool. No problem. Just curious. Do you know anyone that might want to make some extra money if we showed him/her step by step how to do it?”
Maybe I’ll get some referrals. Or, maybe they’ll say, “Wait a minute here. Step by step? That really rings my bell.”
I just posted about “the very I script I use,” on my Facebook page, and before it is lost with the passing of time — here it is again!
REW
