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…
As expected, stocks tumbled following the release of the September CPI report. The Consumer Price Index (CPI) — a measure of prices consumers pay for goods and services — increased by 0.4% in September and rose by 3.7% year-over-year. This exceeded economists’ forecast of a 0.3% monthly increase and a 3.6% annual increase. Unsurprisingly,…
On Tuesday, I published a short piece on how the Israel-Gaza war had created an excellent opportunity for oil investors to score a five-figure profit this month. Here’s another example of strong news + market sentiment = profitable setups. The market loves low interest rates and detests data that supports more interest rate hikes. Take…
Since the Middle East is a central oil-producing region, geopolitical conflicts can significantly impact global oil prices due to concerns about supply disruptions. For example, here are some of the significant complexities and potential consequences of the current Israel-Hamas conflict on global oil prices… Oil and natural gas prices jumped after Hamas’s surprise weekend…
As I said in yesterday’s piece (money lesson from the mortgage crisis), the new cost of home ownership equates to paying over 2x your purchase price, which means rising costs could easily dwarf your wages unless you have a secondary income stream. Today, I want to discuss another factor that could be widening the gap…
