 | | Alex Moschina
Publisher | "Spend, Spend, Spend." That's what we titled an article we published here just over a year ago. In it, we bemoaned consumer spending gone wild... and the historic debt balance that came along with it. Total household debt clocked in at $17.05 trillion. Now, according to the latest numbers from the Federal Reserve Bank of New York, the number is up to $17.69 trillion. [3-Minute Stock Secret Message: Learn the Little-Used Technique That Delivered Gains up to 227% in a Single Month ] Auto loans... student loans... credit card balances... They're all on the rise, despite borrowing costs being at multidecade highs. The last time it was this expensive to borrow money, people were still doing the "Macarena." And yet... today's consumer continues to spend, spend, spend. In fact, consumer demand in the second quarter rose at the strongest pace in two years. It's good news for GDP, at least. The latest report - released on Thursday - shows that the economy grew 2.8% during the second quarter, smashing analysts' expectation of 1.9%. Shah discussed this possibility in his Monday Takeaways. | SPONSORED | | AI SINGULARITY IS 3 MONTHS AWAY This is the exact moment when AI will throw off its shackles, instantly growing billions of times more intelligent than Einstein. A two-time hedge fund manager is sharing a "Singularity Investor Playbook" you can use to position yourself at the forefront of this historic moment. TAKE THESE 3 STEPS NOW  | | | "A very much higher than expected print on GDP will probably disrupt markets a little bit," he said. Sure enough, the S&P and Nasdaq both tumbled in the wake of the news. Investors are now left wondering whether our resilient economy could disrupt the Fed's plan to start lowering rates. Will stubborn consumers cause Jay Powell to push back that first, long-anticipated cut to October? November? Or... gulp… all the way to 2025? It isn't likely. But then again, as we've said, trying to predict the Fed's next move is a fool's errand. We won't have to wait long to hear what the group is thinking, at least. The next FOMC meeting takes place next week. Regardless, here's some good news... Soaring consumer debt, rising inflation and interest rates sitting at 23-year highs have done little to stop markets from soaring. Since last July, the S&P 500 has risen 19%. The Dow is up 14%. And the Nasdaq is up nearly 25%. 
View larger image If recent history is any guide, steadfast investors should continue to be rewarded, despite volatility. And the opportunities for short-term traders should continue to be abound as well. We can't wrangle consumer spending any more than we can climb inside Jay Powell's head. But as Shah likes to say... It doesn't matter what happens next... there is ALWAYS a trade. Have a great weekend, Alex P.S. Speaking of winning trades... we've just released a new presentation from Shah detailing the perfect play for August. It's returned a 38% average gain… EVERY SINGLE AUGUST SINCE 2019. Click here ASAP to learn more. A Perfect Storm of Politics, Earnings, and Economic Data  Tech stocks took a beating last week... the markets jumped in early Monday trading... and some big data awaits. Shah breaks down the week in trading here... Three Rules for High-Risk, High-Reward Investing  High risk, high-reward investing is back. Whether you're looking at crypto, high-growth stocks or small caps... here are three rules for jumping in. Keep reading... Buy This, Not That: A Big Dose of 5 Big Pharma Stocks  Which of these five drugmakers stocks hands out a prescription for portfolio health? See Shah's diagnosis here. Dealmaker's Diary: Shining a Light on a High-Wattage Dividend Payer  Alpesh is flipping the script with this dividend-paying utility that's concentrated in the Pacific Northwest. Get the ticker here. What's Really Behind the Surge in Small Caps  After posting quick double-digit gains... the Russell 2000 is begging for a closer look. The truth is... this extraordinary performance raises key questions... Find out here.
Want more content like this? | | | | | 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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