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07-JULY 19-2023

Good morning.
Wimbledon PoolWhile investors may focus on stocks or trading options, big changes in the markets can often be first seen in the credit markets.  That’s where cautious money goes.  And right now, credit markets are becoming more convinced about the latest headlines that the economy is moving toward a soft landing after all.
One big key is the spread between high-yield bonds and investment grade bonds.  During last year’s selloff, the spread widened.  Now, it’s at the lowest level in 15 months.  While it’s still elevated from 2021’s levels, it’s one more sign that the market is calming down, and that the economy may slow, but likely won’t hit a recession this year.
Traders should still expect some seasonal weakness between now and the fall, but then expect the usual trend of a year-end rally.  At this point, it may even drive markets to new, all-time highs.

Now here’s the rest of the news:

The American Economy Has New Competition
On Friday, July 7, 2023, news broke in the financial market media that the “BRICS” (that is, Brazil, Russia, India, China, and South Africa) will implement a new international currency for trading and financial transactions, and that this new currency will be… [Read Here]

Yellen Warns Of ‘Negative Spillover’ From China’s Slowdown
Treasury Secretary Janet Yellen warned on Monday there is a risk of contagion from the growing slowdown in the Chinese economy, but maintained that a recession in the U.S. is unlikely this year… [Read Here]

July 19, 2022

be preparedGood morning.
The past few weeks have seen some relief at the gas pump, as oil prices have come back under $100 per barrel.  However, President Biden’s attempt to get Saudi Arabia to pump more oil out of the ground hasn’t gained much traction, and prices are trending up.  With Russian gas giant Gazprom halting flows to Germany, it’s likely that energy prices could be susceptible to an upward shock.
Given how energy costs translate into the costs of all goods and services, the recent decline may help inflation rates finally drop lower.  But they won’t be a significant component if energy prices can’t stay down.  This may be an opportune time to pick up some energy trades with an eye towards an oversold bounce ahead in the energy sector.

Now here’s the rest of the news:

Not Fully Prepared for the Imminent Recession?
The economy is nearing a point where heading into a deep recession seems inevitable.  Even Bank of America experts say a “severe recession” is needed… [Read Here]

Backfiring Oil Sanctions May Give Gold Investors a Big Gift
We already know that the U.S. economy is likely to be heading into a recession at some point in the near future (if one hasn’t started already)… [Read Here]

July 19, 2021

More BusinessGood morning.
The market can have small selloffs all the time, and often for seemingly no reason.  Those drops help keep speculation in check, and help rotate from big winners to the next batch of stocks to lead the market higher.  One risk that can warn of impending market danger is concentration.
If the market is rising and most stocks are going along for the ride, that’s a healthy move.  When only a handful of stocks are moving the market, that’s a sign that things could get ugly.  One sign of concentration can be seen in options volume.  For July, just 5 big-tech stocks dominated a whopping 87 percent of options trades.  That doesn’t mean a big market move down is likely, only that traders should be cautious and mindful of higher volatility.

Precious Metals Prices
Price at week’s end (change over last week)

Gold … $1,813.68 (+0.2%)
Silver … $25.75 (-1.6%)
Platinum … $1,109.97 (-0.3%)
Palladium …$2,664.19 (-6.4%)

Now here’s the rest of the news:

Highest Inflation in Thirty Years Vs. Denial, Hand-Waving and Excuses
The latest inflation numbers have once again demonstrated the Fed’s willingness to sabotage your buying power.  Most are in denial of this clear pattern – but you don’t have to be… [Read Here]

Gold “Underpriced,” Heading Back to $2,000: Goldman Sachs
Goldman Sachs thinks gold’s price compared to real (inflation-adjusted) interest rates shows a big upside for gold.  And that’s not all.  Here’s why physical gold looks even better… [Read Here]

July 19, 2020

Today!!!  Is my sister’s birthday … HAPPY BIRTHDAY SHARON.

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy!

Describing its beauty!!!  Gros Morne National Park, Newfoundland, Canada.

Gros Morne National Park, NFLD

Lobster Cove Head lighthouse.

July 19, 2019

Good morning.
Down 35 percent from recent highs, Bitcoin prices prove that volatility is the norm for the gold standard of crypto-currencies.  A congressional hearing on Facebook’s pro-posed Libra currency this week hasn’t helped matters at all.
But while Bitcoin detractors win the occasional battle, the ‘supporters of cryptocurrency’ see nothing short of total victory.  John McAfee, who once stated on Twitter that he will consume his … anatomy … if the currency is below $500,000 per token by the end of 2020, say he’s still positive that the currency may even be closer to $1 million per token by then.

Oh, and U.S. consumer debt recently hit $14 trillion!

Ouch!  ;-(

Come From Aways, Do You?

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