What Does It Mean When EVERYTHING is UP?

|June 15, 2024

As Shah foretold on Monday

It was another banner week for stocks, with the S&P and Nasdaq both hovering near all-time highs.

The Fed’s promise – well, the closest thing to a promise the Fed will ever offer – that rates will start to come down before year’s end was music to investors’ ears.

A stronger-than-expected CPI report added fuel to the fire.

Year to date, the two leading indices are each up by double digits.

The Dow, for its part, is only slightly down from the all-time high it hit back in May.

But that’s not all!

Outside of equities, gold is up more than 10%…

Bitcoin (BTC) has jumped close to 50%…

Even the 10-year Treasury yield is up 11%…

Clearly, it’s a great time to be an investor.

Can’t choose between stocks, bonds, crypto or hard assets? No problem. Just close your eyes and point.

… We’re kidding, of course.

In truth, this rare phenomenon where everything keeps going up – from blue chip stocks to safe havens like gold – has some troubling undercurrents.

Markets are now divorced from economic reality. They have been for years.

And as Shah pointed out in yesterday’s Total Wealth essay, central banks like the Fed have no interest in propping up a true free market anyway.

Manipulating rates is a far more entertaining – and lucrative – pastime.

The good news is…

Knowing this presents a HUGE opportunity for traders.

It’s why, week-in and week-out, we publish ideas to help readers make sense – and money – out of these wild times.

Alex Moschina
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.