Hot! Hot! Hot!
Alex Moschina|June 22, 2024
Welp. Everything is still up.
Bonds, stocks and gold have all continued to climb since I penned last week’s Bulletin about everything being, you know, up.
In the past seven days, only crypto has slipped. Though what that ultimately means is that Bitcoin (BTC) is “only” up 45% YTD.
The various market tailwinds are numerous.
As Shah told our Launch Investor subscribers on Tuesday…
At this point, inflation appears to be cooling, consumer spending is slowing, bond traders are bringing rates on U.S. Treasurys down, and the Fed is indicating it expects to start cutting rates later this year and continuing into next year.
The result is a continuation of the bullishness we’ve seen all year. Just like the Buster Poindexter song, markets are Hot! Hot! Hot!
And they’re expected to stay that way as we edge toward that highly anticipated rate cut.
Bolstering it all, we have the “Magnificent Seven.” They’ve been lifting up the S&P and other indexes all year, pushing us to one new all-time high after another.
The Magnificent Seven, in case you don’t know, consist of Alphabet (GOOGL), Apple (AAPL), Amazon (AMZN), Meta (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA).
With the exception of Tesla, which has had some well-publicized issues, these stocks are all up by double and – in the case of Nvidia – even triple digits.
As the companies incorporate and enable the use of AI, their stocks should continue to boost markets.
But AI alone doesn’t make a solid investment. (Though it certainly doesn’t hurt these days.)
That’s why Shah devoted a special edition of Buy This, Not That yesterday to these popular and market-leading stocks.
If you missed that, you can check it out here. Or click on the thumbnail below.
Alex Moschina
Alex Moschina is the associate publisher of Manward Press. A gifted writer, editor and financial researcher, Alex’s career in publishing began more than a decade ago when he worked at one of the world’s leading providers of academic research and reference materials. Alex first cut his teeth in the realm of investing when he joined the team at White Cap Research in 2010. There he was charged with covering emerging market trends and investment opportunities. A stint as senior managing editor and editorial director at the prestigious Oxford Club followed. A frequent speaker at conferences and events, Alex has led educational workshops across the U.S. and Canada.
