Saturday, June 8, 2024

📌 Your End-of-Week Bulletin - June 8, 2024

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Manward Digest
 

Bad Times Continue for the American Consumer

Alex Moschina

Alex Moschina
Publisher

Let's check in on the American consumer.

In April, according to the most recent data available from the Bureau of Economic Analysis, spending on services like rent, utilities, insurance and medical care went up $49.1 billion from the previous month.

Housing remains scarce, which - combined with sky-high interest rates - makes buying a home both costly and difficult. In 10 years, the median home price in the U.S. has gone from less than $200,000 to more than $400,000.

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And while costs of living continue to rise, consumers continue to put more and more of their daily expenses "on plastic" (as we used to say in the '90s). Our nation's total outstanding credit card balance now sits at a once-unthinkable $1.12 trillion, up 13% from a year ago.

Despite all those reminders from the powers that be that the economy is actually doing fine, thanks, it's clear from the cheap seats that all is not well.

The market seems to be wising up as well.

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Over the past several weeks, the Fear & Greed Index has been trending steadily back toward Fear...

And the Fed can see that its war against inflation is far from over.

It also realizes investors are clinging desperately to the hope that interest rates will start to come down sooner than later.

What could go wrong?

That's why our mantra this summer is to keep calm... get some sun... and buy the dips.

There will be lots of them.

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The End of Vladimir Putin?

End of Putin
 

Source: www.kremlin.ru

 

This one decision by Putin has the potential to strengthen America in a way not seen since the Marshall Plan rebuilt Europe after WWII. In fact, Wall Street projects one $30 stock will rise to $280 in just 18 months. Click here to get the full story.

 

And in the meantime, we can play these bizarre economic times in a variety of ways. For instance, in this week's Buy This, Not That, Shah took consumer spending head-on with a look at big box retailers.

These are the companies consumers rely on... in good times and bad. But as Shah explains, they aren't all created equal.

Buy This, Not That
 

Robert, meanwhile, has his eye on the promise of an entirely new financial system. He dug into the new tailwinds for Ethereum (ETH) in his piece here.

And Alpesh rounded us out with an income-generating play in the real estate sector. Click here to check it out.

Or you can keep scrolling for links to everything we published this week.

Have a great weekend,

Alex

Week in Review

 

Where to Find the NEXT Magnificent Seven

Smartphone with an image of the Magnificent Seven

Don't bet on the Magnificent Seven to keep up their astonishing returns. Instead... look at the next Magnificent Seven... a group of likely tech stocks that are already dominant but are much smaller. Keep reading...


3 Reasons Ethereum Could Double... AGAIN

Ethereum logo

Ethereum (ETH) has more than doubled over the past year. But with the spot ETF approval in the rear view... there are three reasons Ethereum could double again over the next year. See them here...


Buy This, Not That: Unboxing the Best (and Worst) Big Box Retailers

Inside of a store

We're diving deep into the world of big box retailers... to see which are riding high on AI and subscription services... and which are falling flat. See the stocks here.


Dealmaker's Diary: Striking Gold in the Sunshine State

Florida

Real estate has been absolutely been battered this year... but that there's opportunity as well. Like with this Florida-based realty company that showed up on Alpesh's GVI radar... Get the ticker here.


Surprise! The Rate Cuts Are Here

European Central Bank

Central bankers bit off more than they could chew... and now the "stealth rate cut" is here. See what's going on here.


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Alex Moschina

Alex Moschina is the 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.

 

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