U.S. GDP grew by 4.9% in the last quarter despite inflation concerns. This was a significant increase from the unrevised 2.1% pace in the second quarter… Still, some economists anticipate a considerable slowdown in the coming months. Why? Because the chain-weighted price index (which measures inflation) rose 3.5% in the last quarter, exceeding forecasts and…
Earlier this year, I warned my readers that the tech-driven market rally was erratic. You don’t need to be a Swiss mathematician to know that when a few large-cap tech stocks drive a market rally, even the slightest tech glitch can tank your portfolio. This is precisely what happened to investors yesterday. One bad earnings…
Another day, another milestone for Bitcoin. The alternative currency asset rose more than 3% yesterday to $34,500. It is up 29% in the past month, up 104% since January, and some analysts even go as far as suggesting it could soon shoot past the $64,400 peak it hit in November 2021. I wouldn’t bet my…
The yield on the 10-year U.S. Treasury note has risen above 5.0%. This milestone is noteworthy because the 10-year Treasury bond is considered a safe-haven investment and serves as a benchmark for borrowing costs globally. The rise in yields is attributed to the Federal Reserve’s monetary tightening and a hot labor market requiring more interest…
I know you probably don’t care about U.S. policy toward oil-producing states. But it directly affects Biden’s reelection odds and how you invest this period. Let’s start with what happened on October 18th, 2023. With little fanfare, the Biden administration eased sanctions on Venezuela’s oil sector, which should allow the beleaguered socialist nation to…
You know Bank of America vs Wells Fargo. They’re two of the world’s biggest banks, employing some of the brightest financial minds and deploying distinct strategies to cater to customers’ evolving needs. Still, despite their differences, the banking powerhouses share a common trait relative to how successful traders thrive in this tricky market. Let’s start…
It’s taking millennials much longer to buy their first home. In 2021, the U.S. average age to buy a first home was 33. But according to the National Association of Realtors, that number has jumped to 36 and could soon climb higher. This is just another painful reminder that high housing costs and mortgage rates…
You likely lost money again after the broader markets posted negative returns yesterday. For many, that was another terrible day to have money in the markets. But for us, it was just another reminder of how mass-market-panic creates new opportunities for big gains. For example, last week… I told you how the mass panic around…
Just a little context before I share these habits. These habits didn’t just help me become the successful trader I am today… They also helped me succeed with my other businesses. In other words, while I hope they help you become a more profitable trader going forward, don’t be surprised if they help you get…
You’re technically in the middle-class if you earn between $47,189 to $141,568. For years, you could probably get by with a decent middle-class income, but now, inflation, debt, and interest rate hikes have unlocked a new level of financial discomfort. Soon, the middle class won’t exist anymore. And when that sad day comes, only few…