Month: July 2020

31
Jul
2020

Why Are Stocks Rallying Despite the Economic Collapse?

Yesterday the U.S. reported its worst ever quarter for economic growth a whopping 9.5% contraction that comes to an annualized pace of 32.9%.

Stocks actually rallied on the news. The S&P 500 bottomed soon after the report was released. It worked its way higher the rest of the day.

This is the kind of thing that drives most investors mad. How can the market go UP on the worst quarterly economic contraction in history?

Because the market is focusing on the future, not the past.

The economy contracted in the second quarter of 2020. We are now in the third quarter. This report concerned what happened in the past. Stocks are looking towards the future.

And the future = a TON of money printing from the Fed.

On Wednesday, the Fed announced it will be providing at least $125 billion in liquidity to the markets every month from now until the end of 2021/ early 2022.

Put another way, the Fed has told the financial markets, “we will be providing at least another $2.1 trillion in the next 18 months.”

And we all know that amount would rise dramatically if the markets took a nose-dive.

This is why the markets refuse to fall, no matter how horrible the economic data gets. Because the market is focusing on what the Fed is doing and will do… NOT what the economy has already done.

At the end of the day, it all boils down to what I’ve been saying since 2017… that the Fed is trapped in a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust.

We had the Tech Bubble in the ’90s.

The Housing Bubble in the mid-00s.

And now the Everything Bubble in 2020.

On that note, we’re putting together an Executive Summary on how to play this move.

It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.

This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Central Bank Insanity
30
Jul
2020
Jerome Powells Wants Another Bubble…And He’s Willing to Do Whatever It Takes

Jerome Powells Wants Another Bubble…And He’s Willing to Do Whatever It Takes

The stock market roared higher when Fed Chair Jerome Powell announced…

1)    The Fed will hold rates near zero for the foreseeable future

2)    The Fed is extending its dollar repo and swap line to March 31

3)    The Fed will continue to use its “full range” of tools to support the economy.

4)    The Fed will continue to perform its QE programs at the “current pace” or $125 billion per month ($1.5 trillion per year).

5)    The economy, household spending, labor market, and business fixed investment are in various stages of recovery.

Let’s provide some perspective here.

Prior to its COVID-19 policy response, the Fed’s largest balance sheet expansion was $3 trillion over the course of eight years.

The Fed has spent more than this in just three months.

Prior to its COVID-19 policy response, the Fed’s largest QE operation $80 billion per month. At its peak in March 2020 the Fed was spending $125 billion per day. It has now reduced this to $125 billion per month. And it intends to keep it there until there is a full recovery (which the Fed currently believes will be sometime in late 2021).

So… the Fed just told the market that it intends to provide, at a minimum, $2.1 trillion in additional liquidity to the financial system over the next 18 months.

In simple terms, the Fed will continue to backstop the financial system in ways that far exceed its policy response to the Great Financial Crisis of 2008. And the Fed will do this until the US has experienced a full recovery (Fed speak for “forever”).

This is why the markets refuse to fall, no matter how horrible the economic data gets.

This was an EXTREMELY dovish Fed FOMC announcement. It calls to mind European Central Bank (ECB) Mario Draghi’s famous claim that the ECB would do “whatever it takes” back in 2012. 

Indeed, the only thing hawkish you can point to from the entire Fed announcement is Fed Chair Powell’s claim that the Fed hasn’t discussed “equity buying” (buying stocks outright).

However, even this is a bluff.

The contract the Fed signed with financial firm BlackRock to perform the Fed’s current QE programs (by law the Fed isn’t permitted to buy municipal bonds, corporate bonds, or any of the other items it is buying via its QE programs), explicitly states that the Fed is giving BlackRock authority to buy stocks.

See for yourself.

Subject to this Agreement, including the Investment Guidelines (as defined in Section 5.1), the Manager is hereby appointed as the FRBNY’s agent in fact, and it shall have full power and authority to act on behalf of the Account with respect to the purchase, sale, exchange, conversion, or other transactions in any and all stocks, bonds, other securities, or cash held for investment subject to the Agreement.

 Source: New York Fed

Let me ask you…

Why would the Fed authorize BlackRock to buy stocks if it wasn’t planning on eventually doing this? 

The Fed could have easily said it was authorizing BlackRock to ONLY buy ETFs, bonds and the other investments that it is currently purchasing via the nine credit facilities it set up with the U.S. Treasury in late March.

So why include stocks… an asset class the Fed has yet to approve for ANY purchases WHAT-SO-EVER?!

Because the Fed will be buying stocks at some point, most likely whenever the markets begin to break down again.

Bottomline: the Fed is backstopping EVERYTHING and will do so at a pace of $125 billion per month from now on. And if things worsen, the Fed will increase its purchases and eventually start buying stocks outright.

With that in mind, the #1 trading strategy going forward is to front-run the Fed.

On that note, we’re putting together an Executive Summary on how to play this move.

It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.

This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Central Bank Insanity
30
Jul
2020
Bubble Watch: The Fed Is About to Give Wall Street Another $2.1 Trillion to Play With

Bubble Watch: The Fed Is About to Give Wall Street Another $2.1 Trillion to Play With

The stock market roared higher when Fed Chair Jerome Powell announced…

1)    The Fed will hold rates near zero for the foreseeable future

2)    The Fed is extending its dollar repo and swap line to March 31

3)    The Fed will continue to use its “full range” of tools to support the economy.

4)    The Fed will continue to perform its QE programs at the “current pace” or $125 billion per month ($1.5 trillion per year).

5)    The economy, household spending, labor market, and business fixed investment are in various stages of recovery.

Let’s provide some perspective here.

Prior to its COVID-19 policy response, the Fed’s largest balance sheet expansion was $3 trillion over the course of eight years.

The Fed has spent more than this in just three months.

Prior to its COVID-19 policy response, the Fed’s largest QE operation $80 billion per month. At its peak in March 2020 the Fed was spending $125 billion per day. It has now reduced this to $125 billion per month. And it intends to keep it there until there is a full recovery (which the Fed currently believes will be sometime in late 2021).

So… the Fed just told the market that it intends to provide, at a minimum, $2.1 trillion in additional liquidity to the financial system over the next 18 months.

In simple terms, the Fed will continue to backstop the financial system in ways that far exceed its policy response to the Great Financial Crisis of 2008. And the Fed will do this until the US has experienced a full recovery (Fed speak for “forever”).

This is why the markets refuse to fall, no matter how horrible the economic data gets.

This was an EXTREMELY dovish Fed FOMC announcement. It calls to mind European Central Bank (ECB) Mario Draghi’s famous claim that the ECB would do “whatever it takes” back in 2012. 

Indeed, the only thing hawkish you can point to from the entire Fed announcement is Fed Chair Powell’s claim that the Fed hasn’t discussed “equity buying” (buying stocks outright).

However, even this is a bluff.

The contract the Fed signed with financial firm BlackRock to perform the Fed’s current QE programs (by law the Fed isn’t permitted to buy municipal bonds, corporate bonds, or any of the other items it is buying via its QE programs), explicitly states that the Fed is giving BlackRock authority to buy stocks.

See for yourself.

Subject to this Agreement, including the Investment Guidelines (as defined in Section 5.1), the Manager is hereby appointed as the FRBNY’s agent in fact, and it shall have full power and authority to act on behalf of the Account with respect to the purchase, sale, exchange, conversion, or other transactions in any and all stocks, bonds, other securities, or cash held for investment subject to the Agreement.

 Source: New York Fed

Let me ask you…

Why would the Fed authorize BlackRock to buy stocks if it wasn’t planning on eventually doing this? 

The Fed could have easily said it was authorizing BlackRock to ONLY buy ETFs, bonds and the other investments that it is currently purchasing via the nine credit facilities it set up with the U.S. Treasury in late March.

So why include stocks… an asset class the Fed has yet to approve for ANY purchases WHAT-SO-EVER?!

Because the Fed will be buying stocks at some point, most likely whenever the markets begin to break down again.

Bottomline: the Fed is backstopping EVERYTHING and will do so at a pace of $125 billion per month from now on. And if things worsen, the Fed will increase its purchases and eventually start buying stocks outright.

With that in mind, the #1 trading strategy going forward is to front-run the Fed.

On that note, we’re putting together an Executive Summary on how to play this move.

It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.

This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Central Bank Insanity
28
Jul
2020
Is Gold Going to Call the Fed’s Bluff?

Is Gold Going to Call the Fed’s Bluff?

The Fed now has a major problem on its hands.

That problem is the fact that gold is ripping higher.

Americans see gold as a measure of inflation. Food prices, car prices, home prices, stock prices, practically the price of anything can rise and the average American won’t think “inflation.”

It’s a different story with gold.

Once gold starts ripping higher to the point that the average American notices it… then everyone and their mother starts talking about inflation getting out of control.

We are at that point now. Gold is going absolutely vertical. And it has just hit new all-time highs, rising almost $500 from its March lows.

This is a signal that the market is “smelling” higher inflation. And because gold is now grabbing headlines, the average American is waking up to this fact.

Which means…

The Fed will now either be forced to confront inflation (hike rates or tighten policy) OR it will begin to lose control.

Tightening monetary policy would mean kicking the already weak economy just as it’s getting back on its feet. This is a guaranteed “depression” trigger and stock market crash.

On the flip side, ignoring gold’s move higher means letting inflation get out of control. Can the Fed afford to let the inflation genie out of the bottle? The last time it did this was in the 1970s, and it didn’t stop until the Fed had raised interest rates to 19%.

This is a literal “no win” situation for the Fed. One choice leads to a depression/ crash. The other leads to stag-flation at best.

Our money is on stag-flation.

We believe the Fed would rather risk letting inflation get out of control rather than triggering a depression. The Fed has always adopted a “kick the can” mentality when it comes to major problems.

Inflation will prove no different. Which is why we believe inflation will continue to spiral out of control in the coming months.

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.Paragraph

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We are making just 100 copies available to the public.

There are just 9 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Inflation
28
Jul
2020

The Fed now has a major problem on its hands.

That problem is the fact that gold is ripping higher.

Americans see gold as a measure of inflation. Food prices, car prices, home prices, stock prices, practically the price of anything can rise and the average American won’t think “inflation.”

It’s a different story with gold.

Once gold starts ripping higher to the point that the average American notices it… then everyone and their mother starts talking about inflation getting out of control.

We are at that point now. Gold is going absolutely vertical. And it has just hit new all-time highs, rising almost $500 from its March lows.

This is a signal that the market is “smelling” higher inflation. And because gold is now grabbing headlines, the average American is waking up to this fact.

Which means…

The Fed will now either be forced to confront inflation (hike rates or tighten policy) OR it will begin to lose control.

Tightening monetary policy would mean kicking the already weak economy just as it’s getting back on its feet. This is a guaranteed “depression” trigger and stock market crash.

On the flip side, ignoring gold’s move higher means letting inflation get out of control. Can the Fed afford to let the inflation genie out of the bottle? The last time it did this was in the 1970s, and it didn’t stop until the Fed had raised interest rates to 19%.

This is a literal “no win” situation for the Fed. One choice leads to a depression/ crash. The other leads to stag-flation at best.

Our money is on stag-flation.

We believe the Fed would rather risk letting inflation get out of control rather than triggering a depression. The Fed has always adopted a “kick the can” mentality when it comes to major problems.

Inflation will prove no different. Which is why we believe inflation will continue to spiral out of control in the coming months.

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.Paragraph

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We are making just 100 copies available to the public.

There are just 9 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Inflation
28
Jul
2020
The Fed is Now Cornered… And What Comes Next Determines Everything

The Fed is Now Cornered… And What Comes Next Determines Everything

The Fed now has a major problem on its hands.

That problem is the fact that gold is ripping higher.

Americans see gold as a measure of inflation. Food prices, car prices, home prices, stock prices, practically the price of anything can rise and the average American won’t think “inflation.”

It’s a different story with gold.

Once gold starts ripping higher to the point that the average American notices it… then everyone and their mother starts talking about inflation getting out of control.

We are at that point now. Gold is going absolutely vertical. And it has just hit new all-time highs, rising almost $500 from its March lows.

This is a signal that the market is “smelling” higher inflation. And because gold is now grabbing headlines, the average American is waking up to this fact.

Which means…

The Fed will now either be forced to confront inflation (hike rates or tighten policy) OR it will begin to lose control.

Tightening monetary policy would mean kicking the already weak economy just as it’s getting back on its feet. This is a guaranteed “depression” trigger and stock market crash.

On the flip side, ignoring gold’s move higher means letting inflation get out of control. Can the Fed afford to let the inflation genie out of the bottle? The last time it did this was in the 1970s, and it didn’t stop until the Fed had raised interest rates to 19%.

This is a literal “no win” situation for the Fed. One choice leads to a depression/ crash. The other leads to stag-flation at best.

Our money is on stag-flation.

We believe the Fed would rather risk letting inflation get out of control rather than triggering a depression. The Fed has always adopted a “kick the can” mentality when it comes to major problems.

Inflation will prove no different. Which is why we believe inflation will continue to spiral out of control in the coming months.

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.Paragraph

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We are making just 100 copies available to the public.

There are just 9 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Inflation
27
Jul
2020

Gold Goes Parabolic, While Stocks Chop… What’s Next?

Stocks are up this morning as the $USD plunges.

The S&P 500 is chopping around overhead resistance (red line in the chart below). It feels like a lot is happening on the surface, but once you look at the chart it’s clear stocks have gone nowhere for the better part of six weeks.

The bigger development is occurring in precious metals. Gold has just hit a new all-time highs. Silver has nearly doubled from the March lows. This is where investors are seeing MAJOR gains right now.

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We are making just 100 copies available to the public.

There are just 17 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

​​

Posted by Phoenix Capital Research in It's a Bull Market
27
Jul
2020

Gold Just Hit a New All Time High

Stocks are up this morning as the $USD plunges.

The S&P 500 is chopping around overhead resistance (red line in the chart below). It feels like a lot is happening on the surface, but once you look at the chart it’s clear stocks have gone nowhere for the better part of six weeks.

The bigger development is occurring in precious metals. Gold has just hit a new all-time highs. Silver has nearly doubled from the March lows. This is where investors are seeing MAJOR gains right now.

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We are making just 100 copies available to the public.

There are just 17 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Inflation
22
Jul
2020
Silver, Not Stocks, is Breaking Out. Here’s How to Play It

Silver, Not Stocks, is Breaking Out. Here’s How to Play It

The market finally poked its head above major resistance (red line in the chart below) yesterday. We now need to wait to see if there is follow through today.

For certain stocks remain in an uptrend (blue line in the chart above).  But without follow through on this breakout, we could easily see a retest of the blue trendline.

The more dramatic development concerns precious metals.

Silver in particular has begun to go vertical, erupting above resistance (red line in the chart below). THIS is where you need to be looking if you’re trying to see major gains fast. 

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We are making just 100 copies available to the public.

There are just 29 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Inflation
22
Jul
2020
This Unpopular Investment is Exploding Higher… Here’s How to Profit From It

This Unpopular Investment is Exploding Higher… Here’s How to Profit From It

The market finally poked its head above major resistance (red line in the chart below) yesterday. We now need to wait to see if there is follow through today.

For certain stocks remain in an uptrend (blue line in the chart above).  But without follow through on this breakout, we could easily see a retest of the blue trendline.

The more dramatic development concerns precious metals.

Silver in particular has begun to go vertical, erupting above resistance (red line in the chart below). THIS is where you need to be looking if you’re trying to see major gains fast. 

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We are making just 100 copies available to the public.

There are just 29 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Inflation
21
Jul
2020
The Real Plan for Wealth Taxes Isn’t 2% For Billionaires… It’s 10% for EVERYONE

The Real Plan for Wealth Taxes Isn’t 2% For Billionaires… It’s 10% for EVERYONE

As I noted in yesterday’s article, congresswoman Alexandria Ocasio-Cortez (D-NY) will be the public figure in charge of selling the American people on a “wealth tax.”

President George W. Bush sold America on the Patriot Act.

President Barack Obama sold America on Obamacare.

Alexandria Ocasio-Cortez will be selling America on wealth taxes and other cash grabs.

The ideas of wealth taxes have been floating around the radical left for years. Both former Presidential candidates Bernie Sanders and Elizabeth Warren pushed for wealth taxes during their campaigns.

Warren wanted to tax 2% of assets for households worth more than $50 million and 3% for those worth more than $1 billion. Sanders’ plan was even more aggressive, with a 2% tax on those with a net worth over $32 million and an 8% tax on those worth over $10 billion.

Neither candidate made it to the finish line for the 2020 election, so the left has turned to Alexandria Ocasio-Cortez to pick up the narrative. And just like Warren and Sanders, she’s focusing on the super wealthy, so Americans will “sign off” on the idea.

This same story played out with both the Patriot Act and Obamacare. The political elite always sell the American people on aggressive policies by presenting the policies in the least offensive manner possible.

After all, who could be against the government spying on people if it is designed to just target terrorists?

And who could be against the government taking over healthcare if you can keep your doctor and will save $2,500 per year on your healthcare bills?

And who can be against taxing billionaires and multimillionaires 2% of their net wealth?

Except that’s not the plan at all.

The IMF has already shown us the plan… which is a 10% tax on NET WEALTH for everyone.

The reasoning?

To shore up sovereign balance sheets (reduce debt levels). And believe it or not, some of this plan has already been signed into law.

Did you know that in 2011, the US passed legislation that would allow regulators to:

1)    Freeze bank accounts and use them to “bail-in” financial institutions/ banks.

2)    Close the “gates” on investment funds/ money market funds to stop you from getting your money out.

3)    Impose wealth taxes and seize unused assets.

If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.

If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.

We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.

We are made just 100 copies available for FREE the general public.

Today is the last day this report it will be available. We extended the deadline by 24 hours, but this is it. No more extensions.

You can pick up a FREE copy at:

https://phoenixcapitalmarketing.com/GWG.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Wealth Grab
21
Jul
2020
No, the Wealth Tax Won’t Be Just For Billionaires… It Will Be For You and Me as Well

No, the Wealth Tax Won’t Be Just For Billionaires… It Will Be For You and Me as Well

As I noted in yesterday’s article, congresswoman Alexandria Ocasio-Cortez (D-NY) will be the public figure in charge of selling the American people on a “wealth tax.”

President George W. Bush sold America on the Patriot Act.

President Barack Obama sold America on Obamacare.

Alexandria Ocasio-Cortez will be selling America on wealth taxes and other cash grabs.

The ideas of wealth taxes have been floating around the radical left for years. Both former Presidential candidates Bernie Sanders and Elizabeth Warren pushed for wealth taxes during their campaigns.

Warren wanted to tax 2% of assets for households worth more than $50 million and 3% for those worth more than $1 billion. Sanders’ plan was even more aggressive, with a 2% tax on those with a net worth over $32 million and an 8% tax on those worth over $10 billion.

Neither candidate made it to the finish line for the 2020 election, so the left has turned to Alexandria Ocasio-Cortez to pick up the narrative. And just like Warren and Sanders, she’s focusing on the super wealthy, so Americans will “sign off” on the idea.

This same story played out with both the Patriot Act and Obamacare. The political elite always sell the American people on aggressive policies by presenting the policies in the least offensive manner possible.

After all, who could be against the government spying on people if it is designed to just target terrorists?

And who could be against the government taking over healthcare if you can keep your doctor and will save $2,500 per year on your healthcare bills?

And who can be against taxing billionaires and multimillionaires 2% of their net wealth?

Except that’s not the plan at all.

The IMF has already shown us the plan… which is a 10% tax on NET WEALTH for everyone.

The reasoning?

To shore up sovereign balance sheets (reduce debt levels). And believe it or not, some of this plan has already been signed into law.

Did you know that in 2011, the US passed legislation that would allow regulators to:

1)    Freeze bank accounts and use them to “bail-in” financial institutions/ banks.

2)    Close the “gates” on investment funds/ money market funds to stop you from getting your money out.

3)    Impose wealth taxes and seize unused assets.

If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.

If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.

We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.

We are made just 100 copies available for FREE the general public.

Today is the last day this report it will be available. We extended the deadline by 24 hours, but this is it. No more extensions.

You can pick up a FREE copy at:

https://phoenixcapitalmarketing.com/GWG.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Wealth Grab
20
Jul
2020
Bush Sold the Patriot Act, Obama Sold Obama Care, Ocasio-Cortez is Selling Wealth Taxes

Bush Sold the Patriot Act, Obama Sold Obama Care, Ocasio-Cortez is Selling Wealth Taxes

Yes, the political elite really are coming for your money.

Over the weekend, congresswoman Alexandria Ocasio-Cortez (D-NY) called for a wealth tax on New York billionaires to “benefit working class” New Yorkers.

Why does this matter? How is this any different from any other politician calling for some new policy?

This matters because of what Ocasio-Cortez represents.

She is an extremely popular “front” for the political elite on the left. If she is pushing this idea, it’s because her radical leftist handlers want to introduce the idea of wealth taxes to the general population.

Like every other major policy, the way this is done is by introducing a version of the policy that would be palatable to the average American. In this case it’s “taxing billionaires.”

However, we’ve seen how this template works before with Obamacare (“you can keep your doctor, and your bills won’t go up”), the Patriot Act (“we won’t be spying directly on you, so you don’t need to worry”) and other items (“we aren’t actually bailing out the banks”).

Every single time, the policy is introduced in a friendly way that most Americans agree with… only for us to discover the REAL agenda after the fact: that the actual policy would actually apply to everyone and would in fact be far worse than we were told. 

In this case, the REAL policy the elites want to introduce is to implement a wealth tax on everyone across the board.

Indeed, the IMF, which is the headquarters for the globalist political elite has called for a 10% tax on NET WEALTH for everyone.

 The reasoning?

To shore up sovereign balance sheets (reduce debt levels).

The Elites will introduce these ideas as new proposals based on “fairness” or “helping America out” but the reality is that the Powers That Be have been working on this for well nearly a decade.

We now know Alexandria Ocasio-Cortez is meant to be the “sales person” for this policy, much as Barack Obama was the salesperson for ObamaCare and George W Bush was the salesman for the Patriot Act/ spying on Americans.

The reality is that much of what’s coming has already been signed into law. Did you know that in 2011, the US passed legislation that would allow regulators to:

1)    Freeze bank accounts and use them to “bail-in” financial institutions/ banks.

2)    Close the “gates” on investment funds/ money market funds to stop you from getting your money out.

3)    Impose wealth taxes and seize unused assets.

If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.

If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.

We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.

We are made just 100 copies available for FREE the general public.

Today is the last day this report is available to the general public.

Receive a daily recap featuring a curated list of must-read stories.

You can pick up a FREE copy at:

https://phoenixcapitalmarketing.com/GWG.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Wealth Grab
20
Jul
2020
Alexandria Ocasio-Cortez and the Coming Cash Grab For ALL Americans

Alexandria Ocasio-Cortez and the Coming Cash Grab For ALL Americans

Yes, the political elite really are coming for your money.

Over the weekend, congresswoman Alexandria Ocasio-Cortez (D-NY) called for a wealth tax on New York billionaires to “benefit working class” New Yorkers.

Why does this matter? How is this any different from any other politician calling for some new policy?

This matters because of what Ocasio-Cortez represents.

She is an extremely popular “front” for the political elite on the left. If she is pushing this idea, it’s because her radical leftist handlers want to introduce the idea of wealth taxes to the general population.

Like every other major policy, the way this is done is by introducing a version of the policy that would be palatable to the average American. In this case it’s “taxing billionaires.”

However, we’ve seen how this template works before with Obamacare (“you can keep your doctor, and your bills won’t go up”), the Patriot Act (“we won’t be spying directly on you, so you don’t need to worry”) and other items (“we aren’t actually bailing out the banks”).

Every single time, the policy is introduced in a friendly way that most Americans agree with… only for us to discover the REAL agenda after the fact: that the actual policy would actually apply to everyone and would in fact be far worse than we were told. 

In this case, the REAL policy the elites want to introduce is to implement a wealth tax on everyone across the board. 

Indeed, the IMF, which is the headquarters for the globalist political elite has called for a 10% tax on NET WEALTH for everyone.

 The reasoning?

To shore up sovereign balance sheets (reduce debt levels).

The Elites will introduce these ideas as new proposals based on “fairness” or “helping America out” but the reality is that the Powers That Be have been working on this for well nearly a decade.

We now know Alexandria Ocasio-Cortez is meant to be the “sales person” for this policy, much as Barack Obama was the salesperson for ObamaCare and George W Bush was the salesman for the Patriot Act/ spying on Americans.

The reality is that much of what’s coming has already been signed into law. Did you know that in 2011, the US passed legislation that would allow regulators to:

1)    Freeze bank accounts and use them to “bail-in” financial institutions/ banks.

2)    Close the “gates” on investment funds/ money market funds to stop you from getting your money out.

3)    Impose wealth taxes and seize unused assets.

If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.

If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.

We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.

We are made just 100 copies available for FREE the general public.

Today is the last day this report is available to the general public.

Receive a daily recap featuring a curated list of must-read stories.

You can pick up a FREE copy at:

https://phoenixcapitalmarketing.com/GWG.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Wealth Grab
15
Jul
2020

The Bears Fumbled Yesterday… Will They Recover or Is It New Highs?

Stocks dropped hard over the last 36 hours, but the buyers stepped in and aggressively bought the dip mid-session yesterday.

On the surface, the price action felt exciting. But the reality is that Tech Stocks had slammed into resistance at the top of the upwards channel they’ve been forming over the last four weeks (blue lines in the chart below). And try as they might, the bears failed to get the job done… price didn’t even drop to test major support (red line in the chart below).

Even massively overvalued companies like Shopify (SHOP) didn’t break their first line of support (top red line in the chart below). The uptrend remains clear. And this is on a stock that is up over 300% from the lows!

Moreover, the VIX failed to break out of its falling wedge formation (blue lines in the chart below) and fell back below resistance (green lines in the chart below).

If we are going to get a significant drop, bears need to step up today or tomorrow at the latest. Otherwise we’re going to new highs.

Today is the last day our Stock Market Crash Survival Guide will be available to the general public.

To pick up your copy of this report, FREE, swing by:

http://phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in stock collapse?
15
Jul
2020

Three Charts I’m Watching For Signs of a Major Pullback

Stocks dropped hard over the last 36 hours, but the buyers stepped in and aggressively bought the dip mid-session yesterday.

On the surface, the price action felt exciting. But the reality is that Tech Stocks had slammed into resistance at the top of the upwards channel they’ve been forming over the last four weeks (blue lines in the chart below). And try as they might, the bears failed to get the job done… price didn’t even drop to test major support (red line in the chart below).

Even massively overvalued companies like Shopify (SHOP) didn’t break their first line of support (top red line in the chart below). The uptrend remains clear. And this is on a stock that is up over 300% from the lows!

Moreover, the VIX failed to break out of its falling wedge formation (blue lines in the chart below) and fell back below resistance (green lines in the chart below).

If we are going to get a significant drop, bears need to step up today or tomorrow at the latest. Otherwise we’re going to new highs.

Today is the last day our Stock Market Crash Survival Guide will be available to the general public.

To pick up your copy of this report, FREE, swing by:

http://phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in stock collapse?
14
Jul
2020

Yes, the Market is in a Bubble. And It May Have Just Burst.

The stock market is in a bubble.

Actually, that statement is not 100% correct. SOME stocks are in a massive bubble. Other stocks are not even close.

The bubble we are facing today is in large tech stocks.

To prove this, I’m not going to get into the technology itself, nor am I going to try to get clever with discounted cash flows or some other analysis.

Instead I’m going to use the simplest method of analysis possible: mean reversion.

Why? Because price ALWAYS reverts to the mean.

It doesn’t matter how great management is, nor how fast sales are growing, at some point a stock’s price will revert back to its mean.

For the sake of today’s argument I am using the 50-week moving average (WMA) as the “mean.” If you’re unfamiliar with this concept, the 50-week moving average comes from adding up the closing prices of the last 50 weeks and then dividing that number by 50.

Historically, this line has acted as a magnet for stock prices. In the case of large tech companies today, let’s take a look at Apple (AAPL).

As you can see in the below chart, the 50-week moving average has served as an anchor for AAPL’s stock over the last 10 years. Anytime AAPL has become too “stretched” above or below this line, it has reverted back to it… usually quite quickly.

Now, take a look at how far AAPL’s stock is stretched above the line today compared to other peaks. I’ve actually looked deeper here and AAPL is MORE stretched above its 50-WMA today than at any point in the last 10 years with only one exception.

In 2012, AAPL’s stock was 38% above its 50-WMA. That was a peak.

Later in 2012, AAPL’s stock was 21% above its 50-WMA. That was a peak.

In 2015, AAPL’s stock was 12% above its 50-WMA. That was a peak.

In 2018, AAPL’s stock was 18% above its 50-WMA. That was a peak.

In 2019, AAPL’s stock was 26% above its 50-WMA. That was a peak.

Today, AAPL’s stock is 28% above its 50-WMA.

This is a bubble, plain and simple.

Of course, AAPL stock can continue higher, becoming even more stretched above its 50-WMA but that mean reversion move is coming eventually.

Put simply, the risk to reward for large Tech Stocks is extremely high right now. Yes, you could possibly make money buying AAPL’s stock but the idea you’ll make a lot is minimal.

And at some point, this bubble will burst  as all bubbles do and we will get that mean reversion move.

I believe this move may have started yesterday.

Smart investors are already taking steps to profit from the next major downturn in the markets.

In light of this, we’ve reopened our Stock Market Crash Survival Guide to the general public.

Within its 21 pages we outline which investments will perform best during a market meltdown as well as how to take out “Crash insurance” on your portfolio (these instruments returned TRIPLE digit gains during 2008).

We made 100 copies available to the public.

As I write this, there are just 9 left.

To pick up your copy of this report, FREE, swing by:

http://phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Central Bank Insanity, Debt Bomb, stock collapse?
13
Jul
2020
The 90 Day Debt Holiday is Ending… Now Comes the Bankruptcies

The 90 Day Debt Holiday is Ending… Now Comes the Bankruptcies

We are now entering the time in which the true structural damage caused by the COVID-19 pandemic will be revealed.

Back in April when the economy was on lockdown, it became clear that many large businesses were in serious trouble. I’m specifically talking about restaurants, commercial real estate and retail. At that time, multiple large chains informed their lenders that they would NOT be paying rent in April.

Cheesecake Factory, Subway, other major retailers tell landlords they can’t pay April rent due to coronavirus

   Source: Yahoo! Finance. 

To deal with this issue, the banks and large financial institutions gave their borrowers 90-day forbearances on their debt payments… meaning those groups wouldn’t be required to make debt payments for 90 days.

Put another way, the banks told these businesses “don’t worry about making any debt payments for 90 days… but come July you’ll have to start paying us again.”

That was in APRIL… exactly 90 days ago.

Which means… these same businesses will now have to start making debt payments again. And if they have not TRULY recovered from the economic shutdown… we’re about to see a TSUNAMI of defaults and bankruptcies, as well as layoffs and shutdowns. 

This process has already begun as the below headlines reveal:

Wells Fargo reportedly preparing to cut thousands of jobs

United Airlines warns it could furlough 36,000 employees by Oct. 1 as demand remains low

Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of stores

Muji files for bankruptcy

GNC files for bankruptcy and will close up to 1,200 stores

24 Hour Fitness files for bankruptcy, closes more than 100 gyms

It’s only going to get worse from here on out.

Smart investors are already taking steps to profit from the next major downturn in the markets.

In light of this, we’ve reopened our Stock Market Crash Survival Guide to the general public.

Within its 21 pages we outline which investments will perform best during a market meltdown as well as how to take out “Crash insurance” on your portfolio (these instruments returned TRIPLE digit gains during 2008).

We made 100 copies available to the public.

As I write this, there are just 9 left.

To pick up your copy of this report, FREE, swing by:

http://phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Debt Bomb
13
Jul
2020
The Fuse is Now Lit on a $10 Trillion Debt Bomb

The Fuse is Now Lit on a $10 Trillion Debt Bomb

We are now entering the time in which the true structural damage caused by the COVID-19 pandemic will be revealed.

Back in April when the economy was on lockdown, it became clear that many large businesses were in serious trouble. I’m specifically talking about restaurants, commercial real estate and retail. At that time, multiple large chains informed their lenders that they would NOT be paying rent in April.

Cheesecake Factory, Subway, other major retailers tell landlords they can’t pay April rent due to coronavirus

   Source: Yahoo! Finance. 

To deal with this issue, the banks and large financial institutions gave their borrowers 90-day forbearances on their debt payments… meaning those groups wouldn’t be required to make debt payments for 90 days.

Put another way, the banks told these businesses “don’t worry about making any debt payments for 90 days… but come July you’ll have to start paying us again.”

That was in APRIL… exactly 90 days ago.

Which means… these same businesses will now have to start making debt payments again. And if they have not TRULY recovered from the economic shutdown… we’re about to see a TSUNAMI of defaults and bankruptcies, as well as layoffs and shutdowns. 

This process has already begun as the below headlines reveal:

Wells Fargo reportedly preparing to cut thousands of jobs

United Airlines warns it could furlough 36,000 employees by Oct. 1 as demand remains low

Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes dozens of stores

Muji files for bankruptcy

GNC files for bankruptcy and will close up to 1,200 stores

24 Hour Fitness files for bankruptcy, closes more than 100 gyms

It’s only going to get worse from here on out.

Smart investors are already taking steps to profit from the next major downturn in the markets.

In light of this, we’ve reopened our Stock Market Crash Survival Guide to the general public.

Within its 21 pages we outline which investments will perform best during a market meltdown as well as how to take out “Crash insurance” on your portfolio (these instruments returned TRIPLE digit gains during 2008).

We made 100 copies available to the public.

As I write this, there are just 9 left.

To pick up your copy of this report, FREE, swing by:

http://phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Debt Bomb
10
Jul
2020

Is the Fed About to Crash the Markets? And Why Would It Do This?

Yesterday I warned that the Fed is “pulling the plug” on the markets.

The explanation for this is simple. The primary driver of the stock market since the March bottom has been the EXTRAORDINARY amount of liquidity the Fed has pumped into the financial system

All told the Fed has printed over $3 trillion and funneled it into the financial system since February. 

THIS is what has pushed stocks straight up week after week.

Which is why everyone should be concerned that the Fed has stopped doing this. Indeed, as I noted yesterday, the Fed has shrunk its balance sheet since the beginning of June.

GPC7920.png

It is not coincidence that the S&P 500 peaked around that date.

GPC79202.png

Which is why yesterday’s Fed release should give every investor “pause.”

Yesterday the Fed revealed that it shrank its balance sheet by a whopping $88 billion. Of this, $46 billion was in currency swaps (this is to be expected). Which means…

The Fed drained $42 billion in liquidity from the financial system last week. This comes on the heels of the $24 billion the Fed drained from the system the week before.

What do you think will happen to stocks when they wake up to the fact the Fed isn’t providing weekly liquidity pumps to the tune of $25 billion or more?

Hint: it won’t be pretty.

In light of this, we’ve reopened our Stock Market Crash Survival Guide to the general public.

Within its 21 pages we outline which investments will perform best during a market meltdown as well as how to take out “Crash insurance” on your portfolio (these instruments returned TRIPLE digit gains during 2008).

We made 100 copies available to the public.

As I write this, there are 17 left.

To pick up your copy of this report, FREE, swing by:

http://phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted by Phoenix Capital Research in Central Bank Insanity