05-MAY 31-2021

Have Fun, Wear Your Mask, Stay SafeGood morning, and Happy Memorial Day.
The market returns of the past few years have been driven by a handful of big tech names.  Sporting strong growth and high profit margins, they’re also dominating retirement accounts via funds that purchase stocks based on their market cap.
This big-tech trade was starting to look out of favor in the past few weeks, and being written off as dead.  Any time an investment is being touted as dead may be a good time to look at allocating some capital to the trade.  Sure enough, as some of the last big-name tech firms started to report earnings, the space has turned around.

Now here’s the rest of the news:

Fed Drains $351 Billion in Liquidity from Market via Reverse Repos, as Banking System Creaks under Mountain of Reserves –Wolf Richter,Wolf Street
This is the first time that I have seen Wall Street banks clamoring for the Fed to back off as the banking system is creaking and straining under the huge pile of reserves… [Read Here]

May 31, 2020

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

Describe the beauty!!!   Boats in the town of Ferryland, Newfoundland

May 31, 2019

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May 31, 2018

“What you can create will absolutely astound you, but you have to start now.” —Marie Forleo

May 31, 2017

Working-without-the-internetMost people quit the moment they experience disappointment.  “IT” can be anything… a marriage, a debt, a new job, a puppy … anything!
It’s a test to see if you will stay in the game and persevere.
Very few people stick around until they get it right.
In fact, the ONLY difference between you and the leaders in your industry is that they have done more calls than you, talked to more prospects than you, practiced more than you and endured in the game longer than you.

You must become obsessed with sharpening the AX in the areas that you need to get better at.

REW

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Come From Aways, Do You?

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06-JUNE 18-2021

Good morning. The biggest bombshell from the latest Fed meeting was the acknowledgement that inflation was coming in far higher than expected.  While the Fed continues its policy of trying to talk the market into always going up, some see a tapering of its asset purchases sooner rather than later. While that doesn’t mean higher interest rates right away, what it does mean is a big slowdown in money creation and addition to the central bank’s balance sheet.  That’s likely why both bond yields and gold prices have been dropping.  While tapering might spook the market, the prospect of lower

06-JUNE 17-2021

Good morning. Yesterday’s Federal Reserve meeting minutes kept interest rates at 0 percent, as expected.  And the Fed isn’t ready to taper its asset purchases (money printing) anytime soon.  But in trying to please everyone, the central bank sometimes ends up pleasing no one. The central bank made a big revision in its inflation estimates, from 2.4 percent to 3.4 percent.  While calling higher inflation “transitory,” the market isn’t so sure.  And, after the March meeting indicated no potential for an interest rate hike until 2024, there’s now an increasing possibility of a rate hike in 2023. The only real

06-JUNE 16-2021

Good morning. Michael Burry is a fund manager best known for going against the housing market in the runup to the meltdown.  Today, Burry sees inflation as the biggest threat to the economy.  And with prior stimulus measures boosting the price of everything from stocks to housing, the biggest threat is a nudge into hyperinflation.  Burry sees that happening this year.  Burry also sees the stock market as not only the greatest market bubble of all time, but the biggest by at least “two orders of magnitude.”  As investors adjust their return expectations for inflation, that bubble may burst. Time

06-JUNE 15-2021

Good morning. Most financial news is predicated around the idea that markets are either going up or down.  But sometimes, like now, indices are largely trading sideways.  When that happens, traders will start to look for clues as to what happens when the sideways trend ends. For most market conditions, a sideways trend can last anywhere from 6-12 months in part of a broader bull market.  That looks like the case here, given that most indices are still near all-time highs.  But it’s a time to find companies that have been hit the hardest and look set for the biggest

06-JUNE 14-2021

Good morning. There’s an old Wall Street saying that the cure for high prices is… high prices.  That’s because when prices are high, competition comes into play and customers seek substitutes.  Recent inflation data showing a jump in home and car prices (both new and used), is also leading to potential buyers to hold off on making a purchase. That could reduce demand enough to keep prices from heading higher in those areas.  A slowdown in governmental assistance to the economy in the form of stimulus checks and high spending may also help nip this rising inflation in the bud. 

06-JUNE 13-2021

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: Newfoundland, Canada. …pink and very colourful! P.S. “In order to succeed, your desire for success should be greater than your fear of failure.” –Cosby Show June 13, 2020 “What you can create will absolutely astound you, but you have to start now.” —Marie Forleo Top 10 Benefits of Using Resistance Exercise Bands 1. ADAPT EASILY FOR MULTIPLE FITNESS LEVELS…  Resistance bands come in multiple resistance levels, usually light, medium or heavy.  You can further adjust

06-JUNE 12-2021

The Power of Positivity Motivational speaker Jim Rohn is famous for saying, “You’re the average of the 5 people you spend the most time with.”  Take some time to think about that.  Seriously. Are those 5 people you associate with most positive-minded, encouraging, and supportive?  Do they energize you and inspire you to be your best?  Do they share similar values and goals.  Do they listen to you and empathize with you? Are they there for you through thick and thin?  Do they give you a genuine pat on the back for your accomplishments?  Do they provide you healthy accountability and

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