To The Moon

Brett Eversole from Stansberry ResearchThe first half of 2023 surprised just about everyone...We saw worries of a recession hold steady... a handful of the largest bank failures in U.S. history... and a Federal Reserve that kept hiking interest rates.Despite all those headwinds, U.S. stocks have soared. The $S&P 500(.SPX)$ Index was up 17% in the first half of the year. And we've only seen one other first half with gains of that level since 1998.What's interesting, though, is that this strong performance hasn't made most investors giddy. They're still worried about the dark clouds on the horizon. But according to history, they shouldn't be overly bearish for long.That's because the$S&P 500(.SPX)$

Positive Macroeconomic News Points to Easing Monetary Conditions The US inflation rate slowed to 3% in June 2023, the lowest since March 2021 and below expectations of 3.1%. The slowdown was partly due to a high base effect from last year, with food, energy and shelter prices cooling off in recent months. Producer prices also signaled a slowdown in economic activity, rising 0.1% month-over-month in June 2023, below market forecasts of 0.2%. The market is now pricing in a 25 bps rate hike in July which is expected to be the last in the current rate hike cycle. United States Inflation Rate Consequently, the DXY has broken a key level of resistance at $101 as traders contemplate the end of the Fed’s rate hikes. USD weakness is good news for commodities bulls as it translates to higher export

Last Fri, 14 July 2023, 3 US top banks (international) reported their Q2 2023 earnings in the morning. At first glance, they looked like credible results and the pre-market indicators turned “optimistic”. In the end, US market had a “mixed” closing (see below). DJIA: +0.33 (+113.89 to 34,509.03). Best performing index! S&P 500: -0.10% (-4.62 to 4,505.42). Nasdaq: -0.18% (-24.87 to 14,113.70). Honestly, I don’t think the banks are doing that “well” despite the quarterly earnings data released so far. Firstly, corporate clients are not providing as much of a lift, which is hurting banks that rely on them heavily. Corporates are dragging their feet, mainly due to: (see below) Continuous interest hike; inflating cos

According to a Reuters report, executives from chip giants such as Intel, Qualcomm, and Nvidia $NVIDIA Corp(NVDA)$ met with the Biden administration on their policies toward China on the 17th. The insiders revealed that these executives opposed tightening export controls on chips and semiconductor manufacturing equipment to China. It is reported that Washington plans to announce new rules within a few weeks.Prior to this, there were media reports that the Netherlands and the United States were pressuring ASML $ASML Holding NV(ASML)$ to prohibit the sale of DUV lithography machines to China without Washington's approval, and even to provide maintenance, repair services and supply spare parts for restricted

Brett Eversole from Stansberry ResearchThe first half of 2023 surprised just about everyone...We saw worries of a recession hold steady... a handful of the largest bank failures in U.S. history... and a Federal Reserve that kept hiking interest rates.Despite all those headwinds, U.S. stocks have soared. The $S&P 500(.SPX)$ Index was up 17% in the first half of the year. And we've only seen one other first half with gains of that level since 1998.What's interesting, though, is that this strong performance hasn't made most investors giddy. They're still worried about the dark clouds on the horizon. But according to history, they shouldn't be overly bearish for long.That's because the$S&P 500(.SPX)$

Last Fri, 14 July 2023, 3 US top banks (international) reported their Q2 2023 earnings in the morning. At first glance, they looked like credible results and the pre-market indicators turned “optimistic”. In the end, US market had a “mixed” closing (see below). DJIA: +0.33 (+113.89 to 34,509.03). Best performing index! S&P 500: -0.10% (-4.62 to 4,505.42). Nasdaq: -0.18% (-24.87 to 14,113.70). Honestly, I don’t think the banks are doing that “well” despite the quarterly earnings data released so far. Firstly, corporate clients are not providing as much of a lift, which is hurting banks that rely on them heavily. Corporates are dragging their feet, mainly due to: (see below) Continuous interest hike; inflating cos