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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09-SEPTEMBER 17-2021

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09-SEPTEMBER 16-2021

Good morning. Yesterday marked the 13th anniversary of the collapse of Lehman Brothers, a “victim” of over leverage on the US housing market.  Yesterday also marked the day when Evergrande, a Chinese real estate firm, stated that it wouldn’t pay interest on its already-collapsing bonds. For years, many have warned about the size and rate of China’s real estate buildup, from empty cities to investment homes that sit unused (one of the few places where citizens can park cash).  While we’re optimistic that the damage can be contained to China and not impact global growth too much, we also can’t

09-SEPTEMBER 15-2021

Good morning. We’ve warned for weeks that stocks are at elevated levels, and that a modest pullback would be likely.  Now, however, investor sentiment has gotten heavily bearish, for more than just a small pullback. That’s somewhat concerning, as fears of a market pullback could lead to enough profit-taking and cash-raising that it becomes a self-fulfilling prophecy.  However, a market so quick to get so bearish could also be a sign that there’s still a major rally ahead.  Bull markets don’t die when investors get fearful.  Rather, it’s when investors get so bullish that they go all-in at record highs.

09-SEPTEMBER 14-2021

Good morning. With Labor Day weekend over, oil prices should be trending down.  The summer driving season in North America is over, and it’s largely an American phenomenon.  However, expectations for a potentially colder-than-average winter are keeping a bid under oil prices right now. At a time when traders typically expect lower prices going forward, oil is now at a 5-week high and trending higher.  And Bank of America analysts see crude oil pumping as much as $100 per barrel under an exceptionally cold winter scenario.  It’s likely that gas prices may remain higher for longer than expected, and can

09-SEPTEMBER 13-2021

Good morning. Last week, Treasury Secretary Janet Yellen warned that the measures underway to preserve cash at the US Treasury were likely to run out in mid-October.  Unless Congress acts to raise the debt ceiling, there could be a potentially debt cliff where a number of government programs simply don’t get paid. That’s a scenario that nearly unfolded in 2011. 10 years ago, it also provided the stock market with a flat return for the year and a closest thing to a selloff since the housing crisis two years before that.  Last week’s market weakness may be starting to reflect

09-SEPTEMBER 12-2021

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!!!  Fishing boats on the River Gwaun at Lower Town in Fishguard on the Pembrokeshire coast in Wales,U.K. It doesn’t matter how you get there … only that you come to visit! September 12, 2020 Whew! This year has definitely been one for the books. Between the “illness”, unrest, and just general uncertainty 2020 can move anytime! But, you know what really helps me when things get super overwhelming? Gratitude. Staying focused on the things

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