A year of crypto catalysts... Eric Wade's blueprint... A 'super convergence' of technologies... Where you want to be looking... What to make of the latest jobs report... It's a 'Fed week' – and more...
 The last one is here already...
To kick things off today, I (Corey McLaughlin) want to revisit the blueprint for cryptocurrencies that Crypto Capital editor Eric Wade has been sharing as widely as possible all year. Regular readers may recall that Eric debuted an urgent briefing back on January 3 to outline why he was so bullish on cryptocurrencies heading into 2024. His outlook had to do with the convergence of three major catalysts... The first was his expectation for the launch of spot bitcoin exchange-traded funds ("ETFs") in the U.S., creating trillions of dollars' worth of demand for bitcoin, the world's most popular cryptocurrency. Indeed, the launch of these funds helped send bitcoin's price back close to $50,000... or roughly 200% higher than the price was the year before the ETFs' approval... The second catalyst was the quadrennial bitcoin "halving," which came in April. This event, baked into bitcoin's code, slowed its inflation rate from around 1.8% to roughly 0.9% by cutting in half the rewards earned by bitcoin "miners." The buzz around this latest bitcoin halving – the fourth in the crypto's relatively short history – saw its price top $70,000, around where it's trading today. But as I pointed out in the May 21 Digest, these events are historically just the start. As I wrote... It's after these "halving" events when bitcoin's price has made new all-time highs, as demand grows and supply remains more constrained and the cryptocurrency's value "inflates" by less than it did four years earlier. We saw this trend with bitcoin in 2021, 2017, and 2013. And other cryptos, sometimes called altcoins, tend to come along for the ride. And now – not even halfway through 2024 quite yet – Eric says his third and final catalyst of this year is about to take center stage. That's a "super convergence" of two of the world's most popular technologies... This will create even more demand for bitcoin and many other cryptos you likely haven't even heard of. In fact, this isn't even a "prediction." This story is playing out right now. It's just that most people don't understand the scope of it. If things play out as Eric expects, prices of the headline cryptocurrencies and many other lesser-known cryptos that he recommends could soar to even greater highs by the end of the year. And that's saying something... considering that since Eric's initial emergency briefing in January, he has already closed out six recommendations for triple-digit gains, plus his 14th 1,000%-plus winner since 2020. This is a '10x profit window,' but it won't be open forever... Click here to get all the details on this catalyst, including Eric's take on just how high bitcoin's price could go by the end of the year, how you can access his top recommendations, and much more. (And existing Crypto Capital subscribers and Stansberry Alliance members, feel free to tune in... But you can already check out all of Eric's research, which you have access to here.) Eric has been spot-on with his blueprint for cryptos all year long – and for years. That's why we needed to create a "crypto only" Hall of Fame for his highest-returning recommendations at the bottom of our daily e-mail. Here's what he says now... Bitcoin always leads the charge when it comes to cryptos. What you want to be looking for are the smaller, cheaper altcoins that stand the best chance to get swept up by its massive tailwinds. Right now, Eric has pinpointed three specific trading opportunities he's most bullish on. Two of them are trading for less than $1 right now... yet all have the potential for 10x, 20x, and maybe even 50x profits in the long term, he says. This might sound like a crazy claim, but anyone who has followed Eric's work since he joined Stansberry Research knows these are the types of potentially life-changing gains that his subscribers have seen over the years. In addition to more than a dozen 1,000%-plus winners, his record includes 66 triple-digit-returning positions, too. Don't miss his latest free presentation. Switching gears, let's digest the latest jobs report... Friday's "nonfarm payrolls" report could be described as "in the eye of the beholder"... The 272,000 jobs added in May, as reported by Uncle Sam, was above Wall Street expectations and up from 165,000 in April. Yet the unemployment rate ticked up to 4%, with an estimated 408,000 fewer Americans holding jobs. The survey also showed that full-time workers fell by 625,000 while 286,000 more people held part-time jobs. In other words, while America may have more jobs, they tend to be part-time positions as the number of full-time jobs declined significantly. So, all in all, the labor market appears to be weakening from its pandemic-era historic "tightness"... though it doesn't look like a dumpster fire quite yet, either. But what the Federal Reserve cares most about, rightly or wrongly, is the unemployment rate. So long as it's moving higher, even ever so slightly, the central bank will be more inclined to want to lower its benchmark lending rate than not. And that's what we saw in these numbers. Speaking of that, it's another 'Fed week' – with inflation thrown in... The central bank members will meet tomorrow and Wednesday in Washington, D.C. to talk about policy decisions. Announcements and a press conference from Fed Chair Jerome Powell will come Wednesday afternoon. It'll be a busy day for economic data and discussion... In the morning, the government will also publish May's consumer price index ("CPI") inflation numbers. Anything higher than Wall Street's expected 3.4% growth could stoke volatility, since stickier inflation would make it less likely that the Fed will cut rates like the market wants. Alternatively, relatively tame numbers could be bullish. Expect some volatility on Wednesday and the second half of the week. This Fed meeting is one of those when the central bankers also publish quarterly economic projections. These tend to get investors' and commentators' imaginations running wild about the Fed's outlook for GDP, inflation, unemployment, and interest rates... There will be plenty of room for debate. The prevailing expectations in the federal-funds futures market are for the Fed to hold rates tomorrow and at its next meeting in July, then to possibly start lowering its benchmark lending rate range by 25 basis points at its September meeting. Traders are betting with a nearly 90% probability that the central bank will cut rates at least once by the end of the year. That would follow moves made just last week by the European Central Bank and Bank of Canada, which lowered rates for the first time since 2019 and 2020, respectively... and the pandemic stimulus/inflation period that has followed through today. | | | | The Fed-Meeting Trade In this week's Diamond's Edge video, Ten Stock Trader editor Greg Diamond looks at recent trading in the Dow Jones Industrial Average, small-cap stocks, and bonds, and he weighs the direction of each ahead of this week's Fed meeting... 
As a Digest reader, you get the first look at Greg's new Diamond's Edge video each Monday. For more free videos, check out our YouTube page... And if you're interested in more research and analysis from Greg, click here for information on how to get started with a subscription to his Ten Stock Trader advisory. | | | | | New 52-week highs (as of 6/7/24): Arhaus (ARHS), Alpha Architect 1-3 Month Box Fund (BOXX), Coca-Cola Consolidated (COKE), Costco Wholesale (COST), HealthEquity (HQY), Nuveen Preferred & Income Opportunities Fund (JPC), Eli Lilly (LLY), Novo Nordisk (NVO), RadNet (RDNT), Verisk Analytics (VRSK), and the short position in Teladoc Health (TDOC). In today's mailbag, feedback on Dan's Friday Digest about avoiding "catastrophic losses and phantom consequences"... Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com. "When I think I've had a bad day and am feeling sorry for myself, I read Shackleton's Boat Journey by Frank Arthur Worsley. Best to you and yours from a fellow Oregonian." – Subscriber Tom G. "I too am a big fan of maritime disaster and survival non-fiction. One very fascinating and compelling read is Edward Ellsberg's On the Bottom: The Raising of the Submarine S-51, which details the sinking and subsequent salvage of a US Navy submarine in 1926, in the early days of deep water salvage. Diving was done with different technology then and the dangers faced by these men as a matter of their daily routine is hard to fathom (no pun intended) in our modern world." – Subscriber Alan S. "Hello, 'Something is rotten in the state...' (The Bard). Dan you forgot to mention the flash crash of 2010(?)... Regarding Nvidia I guess we have all forgotten JDS Uniphase. Finally, as a small business owner that has never shied away from saying 'I don't know', I wish people would acknowledge that 'I don't know' is a sign of strength, not weakness." – Subscriber Shaun C. "Hi Dan, Great job! 'I don't know' reminds me of a college roommate who answered many questions with an 'I don't know'. It sometimes bothered my other roommates and me, I believe he was being honest. As I age I find myself saying, I don't know more often because I want to be honest. Love the humor! Also a good read is The Wreck of the Edmund Fitzgerald." – Subscriber Larry N. "Many, many years ago, Porter used to write the Digests. I cherished his philosophy to 'tell you what I would want to know if our roles were reversed'. I have some of my favourite Digests still printed in my desk at home. Dan's missives are always a fountain of wisdom and genuine honesty, different style than Porter, but same values... Keep up the good work Dan." – Stansberry Alliance member Warren F. "Very interesting article by Mr. Dan Ferris written on Friday, June 7. I'm just curious if someone bought Berkshire Hathaway at that extremely low price before the market was shut down, would they be able to keep those shares?" – Subscriber John B. Dan Ferris comment: John B., the answer is no. If you bought shares of Berkshire for $185.10, you will not be able to keep them. The transactions will be reversed. Warren F., thanks. That's high praise. Also, thanks to Tom G., Alan S., and Larry N. for the book suggestions. I went straight to Amazon to buy them. All the best, Corey McLaughlin
Baltimore, Maryland
June 10, 2024
Stansberry Research Top 10 Open Recommendations Top 10 highest-returning open stock positions across all Stansberry Research portfolios | Investment | Buy Date | Return | Publication | Analyst | MSFT
Microsoft | 11/11/10 | 1,380.1% | Retirement Millionaire | Doc | MSFT
Microsoft | 02/10/12 | 1,349.4% | Stansberry's Investment Advisory | Porter | ADP
Automatic Data Processing | 10/09/08 | 913.5% | Extreme Value | Ferris | WRB
W.R. Berkley | 03/16/12 | 731.3% | Stansberry's Investment Advisory | Porter | BRK.B
Berkshire Hathaway | 04/01/09 | 633.5% | Retirement Millionaire | Doc | HSY
Hershey | 12/07/07 | 484.7% | Stansberry's Investment Advisory | Porter | AFG
American Financial | 10/12/12 | 447.7% | Stansberry's Investment Advisory | Porter | NVO
Novo Nordisk | 12/05/19 | 415.2% | Stansberry's Investment Advisory | Gula | TT
Trane Technologies | 04/12/18 | 411.5% | Retirement Millionaire | Doc | TTD
The Trade Desk | 10/17/19 | 365.8% | Stansberry Innovations Report | Engel | Please note: Securities appearing in the Top 10 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the model portfolio of any Stansberry Research publication. The buy date reflects when the editor recommended the investment in the listed publication, and the return shows its performance since that date. To learn if a security is still a recommended buy today, you must be a subscriber to that publication and refer to the most recent portfolio.
| Top 10 Totals | | 5 | Stansberry's Investment Advisory | Porter/Gula | | 3 | Retirement Millionaire | Doc | | 1 | Extreme Value | Ferris | | 1 | Stansberry Innovations Report | Engel |
Top 5 Crypto Capital Open Recommendations Top 5 highest-returning open positions in the Crypto Capital model portfolio | Investment | Buy Date | Return | Publication | Analyst | wstETH
Wrapped Staked Ethereum | 12/07/18 | 2,291.8% | Crypto Capital | Wade | BTC/USD
Bitcoin | 11/27/18 | 1,744.6% | Crypto Capital | Wade | ONE/USD
Harmony | 12/16/19 | 1,225.2% | Crypto Capital | Wade | MATIC/USD
Polygon | 02/25/21 | 799.7% | Crypto Capital | Wade | AGI/USD
Delysium AI | 01/16/24 | 403.4% | Crypto Capital | Wade | Please note: Securities appearing in the Top 5 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the Crypto Capital model portfolio. The buy date reflects when the recommendation was made, and the return shows its performance since that date. To learn if it's still a recommended buy today, you must be a subscriber and refer to the most recent portfolio.
Stansberry Research Hall of Fame Top 10 all-time, highest-returning closed positions across all Stansberry portfolios | Investment | Symbol | Duration | Gain | Publication | Analyst | | Nvidia^* | NVDA | 5.96 years | 1,466% | Venture Tech. | Lashmet | | Microsoft^ | MSFT | 12.74 years | 1,185% | Retirement Millionaire | Doc | | Inovio Pharma.^ | INO | 1.01 years | 1,139% | Venture Tech. | Lashmet | | Seabridge Gold^ | SA | 4.20 years | 995% | Sjug Conf. | Sjuggerud | | Nvidia^* | NVDA | 4.12 years | 777% | Venture Tech. | Lashmet | | Intellia Therapeutics | NTLA | 1.95 years | 775% | Amer. Moonshots | Root | | Rite Aid 8.5% bond | | 4.97 years | 773% | True Income | Williams | | PNC Warrants | PNC-WS | 6.16 years | 706% | True Wealth Systems | Sjuggerud | | Maxar Technologies^ | MAXR | 1.90 years | 691% | Venture Tech. | Lashmet | | Silvergate Capital | SI | 1.95 years | 681% | Amer. Moonshots | Root | ^ These gains occurred with a partial position in the respective stocks.
* The two partial positions in Nvidia were part of a single recommendation. Editor Dave Lashmet closed the first leg of the position in November 2016 for a gain of about 108%. Then, he closed the second leg in July 2020 for a 777% return. And finally, in May 2022, he booked a 1,466% return on the final leg. Subscribers who followed his advice on Nvidia could've recorded a total weighted average gain of more than 600%.
Stansberry Research Crypto Hall of Fame Top 5 highest-returning closed positions in the Crypto Capital model portfolio | Investment | Symbol | Duration | Gain | Publication | Analyst | | Band Protocol | BAND/USD | 0.31 years | 1,169% | Crypto Capital | Wade | | Terra | LUNA/USD | 0.41 years | 1,166% | Crypto Capital | Wade | | Polymesh | POLYX/USD | 3.84 years | 1,157% | Crypto Capital | Wade | | Frontier | FRONT/USD | 0.09 years | 979% | Crypto Capital | Wade | | Binance Coin | BNB/USD | 1.78 years | 963% | Crypto Capital | Wade | | 
