Yesterday, the Fed made the single largest announcement of the last 10 years.

The media didn’t catch it. Nor did the markets.

The reason?

Everyone is so busy focusing on whether or not the Fed wants to hike rates, that they’re not looking for other items…

Other items…. such as the fact the Fed has decided it is going to pop the stock market bubble.

I know media doesn’t believe this. Heck, 99% of investors don’t believe it. After all, the Fed has spent eight years pushing stocks higher through liquidity injections and verbal interventions.

In this context, it’s all but impossible to imagine that the Fed wants stocks to fall.

But it does.

In fact, I’m taking the words straight from the Fed’s yesterday FOMC statement.

In the assessment of a few participants, equity prices were high when judged against standard valuation measures.

That is an incredible statement.

It tells us:

1)   The Fed is openly discussing stocks prices.

2)   The Fed is openly discussing whether stocks are in a bubble (when prices are high against standard valuations).

3)   MORE THAN ONE Fed member believes that stocks ARE in a bubble.

Remember, this is THE FED we are talking about; not some fund manager or guru on TV. This is the entity in charge of assessing risks to the financial system. And SEVERAL members have determined stocks are such a risk.

Just how big is the bubble that even THE FED is discussing it?

BIG. As in DWARFING the 2007 Bubble.

A Crisis is coming.

And smart investors will use it to make literal fortunes.

We offer a FREE investment report outlining when the market will collapse as well as what investments will pay out massive returns to investors when this happens. It’s called Stock Market Crash Survival Guide.

We made 1,000 copies to the general public.

As I write this, only 35 are left.

To pick up one of the last remaining copies…

CLICK HERE!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

Perhaps the single most accurate predictor of the economy has rolled over into recession territory.

I’m talking about tax revenues.

GDP growth, unemployment data, ISM surveys… all of these can and are massaged by statisticians to create a rosier picture of the economy than reality. By way of example, we recently noted that 95% of all net job growth since 2008 was in fact created via an accounting gimmick. In reality, the jobs were never created at all.

Tax revenues, particularly corporate tax revenues, are very difficult to fake. Either the money came in the door, or it did not.

If the economy is booming, corporate tax revenues rise as companies generate greater revenue/income, resulting in them paying more in taxes. And if the economy is rolling over, corporate tax revenues plunge as companies close up shop and stop paying taxes.

On that note, take a look at the chart below.

Source: WSJ

As you can see, state and local corporate tax revenues have rolled over in a massive way. If we were to analyze this chart like a stock, you’d see the “uptrend” of growth was completely broken.

Why does this matter?

Because it serves as a clear signal that the US economy is rolling over in a big way. Indeed, the last time we saw state and local corporate tax revenues roll over like this was in late 2007/ early 2008.

We all know what happened to stocks after that. The only difference between then and now is the 2017 stock market bubble is even larger.

A Crash is coming…

And smart investors will use it to make literal fortunes.

We offer a FREE investment report outlining when the market will collapse as well as what investments will pay out massive returns to investors when this happens. It’s called Stock Market Crash Survival Guide.

We made 1,000 copies to the general public.

As I write this, only 35 are left.

To pick up one of the last remaining copies…

CLICK HERE!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

The Fed just “rang the bell” on the market top.

Fed Chair Janet Yellen’s right hand man, John Williams made the following statement yesterday:

“The stock market seems to be running pretty much on fumes,” San Francisco Federal Reserve Bank President John Williams said in an interview carried on Sydney’s ABC News affiliate and available on the internet on Tuesday. “It’s something that clearly is a risk to the U.S. economy, some correction there — it’s something we have to be prepared for to respond to if it does happen.”

Source: Reuters.

Some context here: For eight years the Fed has propped up the stock market via $3.5 trillion in QE and seven years of Zero Interest Rate Policy or ZIRP. Indeed, the bull market in stocks is possibly the only real success the Fed can point to when it comes to its response to the 2008 Crisis (the real economy has lagged dramatically).

In this light, the above quote is an astonishing statement from a Fed President. And it serves as a clear signal that the Fed is willing to let the market fall and fall HARD.

A Crash is coming.

 

And smart investors will use it to make literal fortunes.

And smart investors will use it to make literal fortunes from it.

We offer a FREE investment report outlining when the market will collapse as well as what investments will pay out massive returns to investors when this happens. It’s called Stock Market Crash Survival Guide.

We made 1,000 copies to the general public.

As I write this, only 57 are left.

To pick up one of the last remaining copies…

CLICK HERE!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

The Oil collapse is about to trigger a crisis in junk bonds.

Oil has been going straight down for weeks now. As we write this, black gold is below $43 a barrel, down 16% from its levels a month ago.

“So what?” you might ask, “Oil experiences similar drops all the time. Why is this important?”

This is important, because the high yield, or junk bond market is closely associated with Oil prices. And if Oil continues to collapse we’re going to start seeing some serious contagion risks in high yield credit.

And you know what asset class tracks High Yield Credit or Junk Bonds?

Stocks…

A Crash is coming…

And smart investors will use it to make literal fortunes from it.

We offer a FREE investment report outlining when the market will collapse as well as what investments will pay out massive returns to investors when this happens. It’s called Stock Market Crash Survival Guide.

We made 1,000 copies to the general public.

As I write this, only 79 are left.

To pick up one of the last remaining copies…

CLICK HERE!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%.

Yes, 1.5%.

There is a clear trend to this chart… and it’s NOT up.

Source: NY Fed

Wait, it gets worse.

The Citi Surprise Index has collapsed to levels not seen since 2011.

Source: Yardeni Research

The last time this index was at these levels, the Fed was about to launch Operation Twist to provide additional liquidity to the markets.

Today, the Fed is about to start WITHDRAWING liquidity from the markets. And not a little: $10 billion per month this quarter, and $20 billion per month in 4Q17.

What’s the deal here?

The Fed is “taking away the punchbowl” from the markets. Sure, stocks might hold up relatively well today or tomorrow, but the reality is that the $14 trillion market rig of the last seven years is ending. Globally Central Banks are going to begin withdrawing stimulus from the system, as global credit is already decelerating at a pace not seen since the Great Crisis.

A Crash is coming.

A Crash is coming.

And smart investors will use it to make literal fortunes from it.

We offer a FREE investment report outlining when the market will collapse as well as what investments will pay out massive returns to investors when this happens. It’s called Stock Market Crash Survival Guide.

We made 1,000 copies to the general public.

As I write this, only 87 are left.

To pick up one of the last remaining copies…

CLICK HERE!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

The world of finance is full of silly and arbitrary definitions.

For instance, a stock market correction is when stocks drop 10%, and a Bear Market is when stocks drop 20%.

Why 10% and 20%? And why a “correction” vs. a “Bear Market?”  Who decided on those numbers and those terms and why? Is there even any fundamental analysis backing them up?

Let’s take this line of thinking deeper…

Why are some investors labeled “bulls” and others “bears” based on their assessment of the markets/ risk management?

No one who actually makes serious money from the markets thinks in these terms…

Real investors, who are using the market to grow wealthy, think in terms of “opportunities” and “risk.”

At any time, the market is presenting you with opportunities.

• The opportunities that are relatively clear based on your analysis are the ones you go after with your capital.

• The opportunities that are unclear or opaque are the ones to avoid (ignoring confusion is the biggest risk to your capital in investing).

Consider a popular stock like Apple (AAPL).

In the last two years alone, Apple has had three full-blown “Bear Markets”, four “Bull Markets” and at least one “significant rally.”

Anyone who invested based in Apple based on the sue of arbitrary definitions like a “20% Drop=Bear Market” would be bi-polar at this point.

A sensible investor, however, would take a disciplined approach the opportunities and risks Apple presented at a given time and would have successfully profited from its market action.

Again, NO ONE who actually uses the markets to grow wealthy thinks in terms like “bear market” or “correction.”

We’re speaking from personal experience here.

Since 2009, we’ve made it a point to focus on the risks of the financial system.

After all, in the preceding ten years, the US had experience two of the biggest stock market Crashes in history (the Tech Crash and the Housing Crash/Great Financial Crisis).

Because we focus on “risk, we are labeled “Bears” or even worse “Perma-Bears.”

However, focusing on “risk” is very different from actual “investing.” Risk is a framework for thinking about the world. Investing is how you put money to work.

Put simply, the fact we focus on risk doesn’t mean we’re telling our clients to “short the market with every cent of their capital.”

NO ONE does that kind of thing.

We focus on risk to protect the downside. By doing this, the upside takes care of itself. Often times by a LOT.

Case in point…

Last year, Private Wealth Advisory subscribers saw a 40% return on their invested capital.

Yes, 40% in a year in which the S&P 500 returned just 9%.

We didn’t use fancy investments we did this by trading ETFs and stocks without any leverage.

The out-performance continues in 2017…

Year to date, we’ve locked in 32 trades. Of that 27 have been winners, for a success rate of 84%.

Yes, we are making money on more than EIGHT out of every 10 positions we open.

You could be seeing a similar success rate with your investments by following our investment recommendations. And it will only cost you $199 per year.

Of course, not everyone wants to really succeed with their investments. Most people would rather sound smart than see their portfolios grow dramatically.

For that reason we offer a 30 day trial period for potential Private Wealth Advisory subscribers.

Put simply, you can try Private Wealth Advisory for 30 days for just $0.98.

If you decide Private Wealth Advisory is not for you, just send us an email and we’ll cancel your subscription and you won’t be charged another cent.

But I know you’ll want to stay with us once you start seeing the gains for yourself.

In the last 30 days alone we’ve locked in ELEVEN winners including gains of 6%, 8%, 14% and more.

To take out a 30 day $0.98 trial subscription to Private Wealth Advisory…

Click Here Now!!!

Best Regards

Graham Summers
Chief Market Strategist
Phoenix Capital Research

The world of finance is full of silly and arbitrary definitions.

For instance, a stock market correction is when stocks drop 10%, and a Bear Market is when stocks drop 20%.

Why 10% and 20%? And why a “correction” vs. a “Bear Market?”  Who decided on those numbers and those terms and why? Is there even any fundamental analysis backing them up?

Let’s take this line of thinking deeper…

Why are some investors labeled “bulls” and others “bears” based on their assessment of the markets/ risk management?

No one who actually makes serious money from the markets thinks in these terms…

Real investors, who are using the market to grow wealthy, think in terms of “opportunities” and “risk.”

At any time, the market is presenting you with opportunities.

• The opportunities that are relatively clear based on your analysis are the ones you go after with your capital.

• The opportunities that are unclear or opaque are the ones to avoid (ignoring confusion is the biggest risk to your capital in investing).

Consider a popular stock like Apple (AAPL).

In the last two years alone, Apple has had three full-blown “Bear Markets”, four “Bull Markets” and at least one “significant rally.”

Anyone who invested based in Apple based on the sue of arbitrary definitions like a “20% Drop=Bear Market” would be bi-polar at this point.

A sensible investor, however, would take a disciplined approach the opportunities and risks Apple presented at a given time and would have successfully profited from its market action.

Again, NO ONE who actually uses the markets to grow wealthy thinks in terms like “bear market” or “correction.”

We’re speaking from personal experience here.

Since 2009, we’ve made it a point to focus on the risks of the financial system.

After all, in the preceding ten years, the US had experience two of the biggest stock market Crashes in history (the Tech Crash and the Housing Crash/Great Financial Crisis).

Because we focus on “risk, we are labeled “Bears” or even worse “Perma-Bears.”

However, focusing on “risk” is very different from actual “investing.” Risk is a framework for thinking about the world. Investing is how you put money to work.

Put simply, the fact we focus on risk doesn’t mean we’re telling our clients to “short the market with every cent of their capital.”

NO ONE does that kind of thing.

We focus on risk to protect the downside. By doing this, the upside takes care of itself. Often times by a LOT.

Case in point…

Last year, Private Wealth Advisory subscribers saw a 40% return on their invested capital.

Yes, 40% in a year in which the S&P 500 returned just 9%.

We didn’t use fancy investments we did this by trading ETFs and stocks without any leverage.

The out-performance continues in 2017…

Year to date, we’ve locked in 32 trades. Of that 27 have been winners, for a success rate of 84%.

Yes, we are making money on more than EIGHT out of every 10 positions we open.

You could be seeing a similar success rate with your investments by following our investment recommendations. And it will only cost you $199 per year.

Of course, not everyone wants to really succeed with their investments. Most people would rather sound smart than see their portfolios grow dramatically.

For that reason we offer a 30 day trial period for potential Private Wealth Advisory subscribers.

Put simply, you can try Private Wealth Advisory for 30 days for just $0.98.

If you decide Private Wealth Advisory is not for you, just send us an email and we’ll cancel your subscription and you won’t be charged another cent.

But I know you’ll want to stay with us once you start seeing the gains for yourself.

In the last 30 days alone we’ve locked in ELEVEN winners including gains of 6%, 8%, 14% and more.

To take out a 30 day $0.98 trial subscription to Private Wealth Advisory…

Click Here Now!!!

Best Regards

Graham Summers
Chief Market Strategist
Phoenix Capital Research

The Fed concludes its June meeting today. The Fed fund futures markets put the odds of the Fed hiking rates again at 99.6%.

This would mark the third rate hike by the Fed during this cycle.

Why would this matter?

Because it indicates the Fed is embarked on a serious tightening cycle. One rate hike can be a fluke. Two rate hikes could even be just policy error. But three rate hikes means the Fed is determined.

As Bank of America noted in a recent research note, when the Fed becomes determined to tighten… it usually ends in an “event.”

What would an “event” look like for today’s market?

A Crash is coming…

And smart investors will use it to make literal fortunes from it.

To pick up a FREE report outlining how to profit from the coming crash…

CLICK HERE NOW!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research