02-FEBRUARY 02-2022

Stock Market '22Good morning.
The push for green sources of energy has led to a number of changes.  That can include featuring more solar and wind power on the traditional power grid, as well as increased development into electric cars.
But the biggest winner?  Possibly the big oil companies themselves.  It’s become apparent that shifting the economy towards more green energy, and even hitting net zero carbon, will take decades, not years.  And demand for energy, preferably as cheap as possible, continues to push customers back into fossil fuels like oil.
That may be why it’s no surprise that traditional energy companies have been performing well, and are likely to continue to do so for the foreseeable future.  That’s especially true as these companies are now reporting their biggest profits in years, and as oil prices keep trending towards $90 per barrel.

Now here’s the rest of the news:

Inflation Triggers “Grapes Of Wrath” Migration
In Jan., the median asking rent for one-bedroom apartments increased by 10% or more in 56 of the 100 largest cities in the U.S., compared to last year.  In 34 of the 100 largest cities, one-bedroom rents spiked by 15% or more.  In 20 cities, rents spiked by… [Read Here]

New Poll Reveals What Americans Expect In The Months Ahead
More Americans expect several key U.S. economic trends to continue in the direction they have generally gone over the past several months rather than to reverse course.  This includes rising inflation, stocks and declining unemployment… [Read Here]

February 02, 2021

What IfGood morning.
Over the weekend, a surge of buyers looking for their next profits turned their eyes on silver.  With the stock market closed, instead of buying mining companies or futures contracts, they turned to the physical market.  Many online sellers of physical bullion either sold out or started to restrict sales without an open market to best determine the spot price when demand was on the rise.
The move is a partial release valve for the standoff between GameStop shorts and longs (shares dropped heavily yesterday, but on incredibly light volume, indicating most shareholders are holding).  While many long-side owners are happy to hold their shares to spite the short-sellers, some have noted that the silver market is just as – if not more—manipulated than GameStop.  Of course, some funds short the retailer are also long the metal, so a surge in silver may just provide a partial bailout.  At some point, taking a profit will be more important than holding a trade.

Now here’s the rest of the news:

The U.S. Dollar Could Be Nearing Its “End Game”  
After sliding 25% since 2002, the U.S. dollar index could report its lowest value in at least 35 years, according to one forecast.  And several signs point to exactly that.  Here’s how to preserve your savings from the dollar’s “end game”… [Read Here]

Gold $1,815.91 (-1.8%)
Silver $27.03 (0.2%)
Platinum $1,133.50 (+4.7%)
Palladium $2,382.75 (+5.3%)

February 02, 2020

Today is DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy!

…and two great pictures of Newfoundland … A place I soon what to be living!

Newfoundland _1&2

February 02, 2019

Saturday — and all I want to do is have fun!

…says it all.  😉

IMG_0712
Come From Aways, Do You?

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05-MAY 15-2022

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05-MAY 14-2022

Today! May 14, 2021 Good morning. One year ago, oil prices went negative as traders feared that the pandemic would lead to prolonged drops in oil use and got caught in trades they couldn’t get out of.  Today, oil and gasoline prices have held up well in inventory reports.  However, supply issues remain in the South and up and down the East Coast, even as Colonial pipeline paid a $5 million ransom to the hackers who shut down their system.  A number of states have declared emergencies as supplies have run low. It just goes to show that oil, one

05-MAY 13-2022

Good morning. Meme stocks are back!  Well, sort of. A spike in companies like AMC Entertainment (AMC) and GameStop (GME) occurred yesterday.  GameStop was even halted multiple times on the way up (but not on the way down).  Oddly, this may be an early sign that markets are looking for a short-term bottom, given the sharp reversals higher. On CNBC, analyst Jim Cramer came out against the traders of meme stocks using sites like Reddit’s Wall Street Bets, to find the meme stock opportunities in the first place.  Tough words for someone whose television show features sound effects.  But for

05-MAY 12-2022

Good morning. The good news?  Inflation has slightly slowed on a year-over-year basis, for the first time in seven months.  The bad news?  It’s still high at 8.3 percent.  And it came in higher than expectations. Looking at the data shows some reasons for the unexpected strength.  Most components of CPI still rose more than 6 percent in April.  But soaring food prices – which we’ve warned about fairly often — were a big contributor.  Another big move higher was record airfare prices, as high fuel costs and a reopened economy drove prices up. The data doesn’t give too much

05-MAY 11-2022

Good morning. Typically, growth stocks lead the market.  That’s because these companies have the ability to scale up rapidly, and one of the best signs of a stock heading higher over the long haul is increased earnings. Yet every few years, value stocks have their time to shine.  A year ago, Warren Buffett’s performance as being derided.  Yet he’s buying stocks now.  In contrast, Ark Innovation, the hypergrowth fund managed by Cathie Wood, is now not just down relative to Buffett — but it’s underperforming the S&P 500 since its inception. Can these trends reverse in time?  Yes.  Will they

05-MAY 10-2022

Good morning. Any econ 101 student can tell you that there’s a lag effect between something like, say, the creation of trillions of dollars in spending, and inflation rates reflecting that.  We’re seeing that trend play out today, with the highest inflation levels in decades. The good news?  Some of that new money first went to financial markets, rather than in goods and services.  That helped keep many things affordable, especially during the initial lockdown phase of the pandemic.  But today, we’re seeing the impacts of those past lockdowns (and current ones).  And we’re seeing that handing out money directly

05-MAY 09-2022

Good morning. People don’t mind inflation when it hits things like assets.  When stocks and home prices are rising, consumers feel wealthier.  This “wealth effect” tends to be beneficial to spending, which then become a self-fulfilling prophecy. The 2009-2020 market rally started with this effect.  The bank bailouts propped up the banks, but didn’t cause inflation on Main Street.  Today, thanks to the stimulus measures during the pandemic, Main Street went on a spending binge.  That’s caused a reverse wealth effect as the prices of goods like food and utilities are rising at a rapid rate — but now asset

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