The US is Running $3 Trillion Deficits Atop a $27 TRILLION Debt Mountain

Posted on January 20, 2021 by The Phoenix

Joe Biden will be sworn in as the 46th President of the United States today.

He is inheriting a US debt mountain of over $27 trillion in debt. Indeed, the US has a Debt to GDP ratio of 130%. By way of perspective, this is where Greece was when it blew up in 2010.

Biden’s solution to this issue is to issue even MORE debt via what will be one of, if not THE largest fiscal stimulus in history. He has already proposed:

1)    A new stimulus program of $2 trillion.

2)    An infrastructure program of $2+ trillion.

Beyond this, Janet Yellen, his Treasury Secretary has stated that she believes Climate Change is an “existential threat” and will use policy to fight it.

This means even MORE money printing and credit issuance.

And this is at a time when the US is already running a $3 trillion deficit.

All of this is going to unleash an inflationary storm. 

Gold has already figured this out. Other inflationary assets are not far behind.

At the end of the day, this isn’t an attack on Joe Biden or the Democrats. The COVID-19 pandemic has revealed that policymakers will deal with any and all issues going forward by PRINTING MONEY.

The fact the US is doing this at a time when it is perched atop the largest debt mountain in history will only accelerate things.

After all, with this much debt, there is no way on earth the US can pay it off. INFLATING it away is the only answer. Which is why I believe the Biden administration is going to make the already debt-crazed Trump administration look like amateurs when it comes to money printing.

Those investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 13 left.

To pick up yours, swing by:

https://phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research


Posted in Debt Bomb | Comments Off on The US is Running $3 Trillion Deficits Atop a $27 TRILLION Debt Mountain

The Next Financial Crisis is Coming Soon

Posted on January 19, 2021 by The Phoenix

The Biden administration has yet to take office, but it already has a MAJOR problem on its hands.

That problem is the U.S. dollar.

The greenback has declined over 13% since its March 2020. That’s a significant decline to begin with. However, what’s particularly concerning is the fact that the U.S. dollar continues to plunge without ever staging a significant rally.  

Put another way, this decline is occurring with little if any breaks.

We are currently seeing a dead cat bounce off of CRITICAL support (red line in the chart below). However, once we take out that line, (and we will soon) we’re in VERY serious trouble.

Below this level, there are only TWO lines of support left for the U.S. dollar: support established during the 2012-2014 debt crisis in Europe, and support established by the 2008 crisis.

Put another way, the ONLY time in history that the U.S. doll fell to these levels was when a major Black Swan event was taking place in the global financial system.

Anything below these levels and we are talking about ALL TIME LOWS here for the greenback. Think a U.S. dollar crash.

Bear in mind, this is the situation BEFORE the Biden administration implements its intended $2 trillion stimulus program along with its $2 trillion infrastructure program. Throw in the various climate charge, reparations and other social spending programs that Biden and his allies have been talking about and you’ve got the makings of an inflationary storm.

Those investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 19 left.

To pick up yours, swing by:

https://phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on The Next Financial Crisis is Coming Soon

The US Dollar is in SERIOUS Trouble

Posted on January 6, 2021 by The Phoenix

The $USD in serious trouble. 

As I’ve been noting in recent articles, inflation is already in the U.S. economy. The last real bout of inflation the U.S. experienced was in the 1970s. At that time, the only thing that stopped the inflationary storm was Fed Chair Paul Volcker who raised interest rates to an astonishing 19%.

Volcker was fired of the economic carnage this policy created. And since that time EVERY Fed Chair has been terrified of raising rates. 

Put another way, this time around, there is no Paul Volcker-type Fed official willing to do “whatever it takes” to stop inflation. Which means inflation is going to rage and rage.

See for yourself.

The below chart compares the performance of the S&P 500 to the performance of the Emerging Market ETF (EEM).

When the S&P 500 outperforms EEM, this chart rallies, and when EEM outperforms the S&P 500, this chart falls. As you can see, this chart has been in a steady uptrend for the better part of the last decade (since 2011 to be exact). However, that uptrend appears to be ending.

This means we would be entering a prolonged period of Emerging Markets outperforming the S&P 500 (similar to what happened in 2001-2011). 

Why does this matter?

Because historically this ratio has lead the $USD by several months.

See for yourself. 

The below chart shows the S&P 500: Emerging Market ratio (blue line) overlaid with the $USD (black line). As you can see, the ratio between the S&P 500 and Emerging Markets has typically lead the $USD by several months.

So if the S&P 500 : EEM ratio is about to take out its bull market trendine and start collapsing, this would mean we could expect the $USD to fall dramatically just as it did from 2001-2011.

In simple terms, this would mean the $USD collapsing in a secular bear market as inflation erupted in the financial system. Precious metals would EXPLODE higher as would commodities, crypto currencies, and every other “weak $USD” play you can imagine.

Those investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 19 left.

To pick up yours, swing by:

https://phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research


Posted in Central Bank Insanity, Inflation | Comments Off on The US Dollar is in SERIOUS Trouble

This is a Recipe for Hot Inflation in 2021

Posted on December 29, 2020 by The Phoenix

Get ready for a tsunami of liquidity to hit the financial system.

President Trump has already signed a COVID-19 stimulus bill that will give $600 to most Americans. The House of Representatives has since passed a bill to increase the amount to $2,000.

So that’s a massive wave of money flowing into the economy.

On top of this, the Fed has just pumped $162 BILLION into the financial system in the last two weeks.

Chart, line chart Description automatically generated

To provide some perspective here.

During the apex of its monetary policy response to the Great Financial Crisis of 2008, the Fed was printing $80 billion in new money per month.

It just printed $162 billion in 14 days

Again, a tsunami of liquidity is going to hit the financial system in 2021.And unlike in 2008, this time it’s going to unleash hot inflation.

One of the most baffling aspects of policymakers’ response to the Great Financial Crisis of 2008 was the total lack of inflation appearing in the broader economy.

After all, in 2008 central banks embarked on the most aggressive monetary easing in history (up until that point). Between 2008 and 2016, central banks:

  1. Cut interest rates over 650 times.
  2. Printed over $12 TRILLION in new money.
  3. And pushed over $10 trillion bond yields into NEGATIVE territory.

And yet, for the most part, inflation was nowhere to be found. Yes, the cost of the living for most Americans continued to rise, but it didn’t rise any faster than it had in the preceding 30 years. Indeed, on a year over year basis, inflation never managed to stay above 2% for very long.

So where was the inflation?

It was in stocks, housing prices, and other assets. All of the money central banks printed never got into the real economy. It went to the banks. And the banks either used it to speculate in the stock market (investment banks) or they sat on it.

This time around, in 2020, things are VERY different: between stimulus payments and central bank lending facilities directly to small businesses/ Main Street, much of the stimulus money is actually going straight into the economy.

In the U.S., we’ve already seen TWO stimulus programs of over $4.2 trillion of which at least $2 trillion will go directly into the U.S. economy. And on top of this, the Fed has put over $1.6 TRILLION in actual real money into the U.S. economy in the form of credit facilities.

Add that up are you’re talking about $3.6+ trillion in new money entering the economy this year. The U.S.’s GDP is about $22 trillion, so we’re talking about an amount of money equal to 17% of GDP.

THAT’s how you get hot inflation. And the markets know it.

Take a look at what gold has been doing.

Chart, histogram Description automatically generated

Again, BIG inflation will be the BIG theme for 2021.

Investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 29 left.

To pick up yours, swing by:

https://phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on This is a Recipe for Hot Inflation in 2021

Don’t Worry, the Fed Has a Plan to Tackle… Climate Change!?!

Posted on December 23, 2020 by The Phoenix

The U.S. is in serious trouble.

  • Our country is in debt to the tune of $27.5 trillion.
  • The economy is once again rolling over as states begin imposing economic lockdowns.
  • And according to Yelp, some 800 small businesses are closing per day.

In light of this economic carnage, you would think the U.S. central bank, the Federal Reserve, would be introducing policies to help small businesses… or push back against lockdowns. 

You’d be wrong.

The Fed has decided the big issue it needs to focus on is…

CLIMATE CHANGE.

I’m not kidding. In November, Fed Chair Jerome Powell state the following:

 “What we’re really working on is: how do we incorporate climate change risk into all that we do,” Powell said during an online panel Thursday hosted by the European Central Bank. “It has potential implications for monetary policy, for bank regulation, for financial stability, and I would say we’re in the very early stages of trying to work through what that means for our goals.”

Powell said the Fed is in the process of applying for membership in the Network for Central Banks and Supervisors for Greening the Financial System, an international group formed in 2017.

Source: Bloomberg

Nowhere and I mean NOWHERE in the original Federal Reserve Act of 1913, nor in its 1977 amendment, is there any mention of climate change. The Fed’s job as explicitly stated in the legislature is to use interest rates to insure economic growth with minimal inflation.

That’s it!

So what is the Fed up to?

Because with the U.S. at record levels of wealth inequality and income inequality, policymakers are looking for political cover to allow them to continue to provide stimulus/ interventions.

Social justice issues like climate change provide them with a politically acceptable excuse.

By introducing these topics, economic policymakers can IGNORE the fact that their money printing is the primary reason the U.S. has such horrific wealth and income inequality in the first place.

Remember, loose monetary policy inherently benefits the wealthy who can leverage up to acquire assets. Someone worth $1 billion can borrow $200 million to buy real estate and stocks, thereby amassing a second fortune when the Fed and Treasury create bubbles in those assets.

By way of contrast, someone who is worth $50K and who earns $45K per year, likely has little if any exposure to stocks or real estate. And even if that person were to invest ALL $50K in stocks and time the bubble perfectly, they’ll at best make $150K out of the deal.

Meanwhile our billionaire has likely seen his or her wealth increase by hundreds of millions of dollars.

Again, money printing and loose monetary policy CREATE wealth inequality. And with these inequalities at RECORD levels today, the Fed is looking for POLITICAL COVER to allow them to continue intervening.

Social Justice issues like climate change give them this cover. Which is why we can expect MORE talk about climate change, more money printing, and more inflation in 2021.

Gold knows this, which is why it has exploded higher in EVERY major currency.

Investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 37 left.

To pick up yours, swing by:

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on Don’t Worry, the Fed Has a Plan to Tackle… Climate Change!?!

The Single Greatest Opportunity in Precious Metals is Right Here

Posted on December 18, 2020 by The Phoenix

Precious metals look ready for their next leg up.

During major precious metals bull runs, silver typically leads gold. That is precisely what is happening right now.  

The below chart shows the ratio between silver and gold. When silver outperforms gold, this chart rallies. When gold outperforms silver this chart falls. As you can see in the below chart, this ratio has broken out of a triangle formation to the upside.

This signals that we have likely entered a new period in which silver will outperform gold dramatically. And it is overall bullish for all precious metals.

With that in mind, I would note that silver has broken out of its own triangle formation.  The next upside target here is $28 if not $30 per ounce.

Gold has yet to follow suit. It has managed to break above one of the resistance lines of a complicated bull flag formation. However, it has yet to clear the second and final line of resistance. Once it does that, the upside target is $2,000 per ounce if not new all-time highs.

However, both gold and silver’s recent runs pale in comparison to that of platinum. That precious metal began a bull run in November and hasn’t looked back.

And by the look of the long-term chart, platinum is about to experience a truly SHOCKING move. The precious metal has only just ended its 10+ year bear market.

The below chart overlaying gold and platinum speaks for itself. Suffice to say, platinum has plenty of catching up to do. This recent breakout is likely the start of a “catch up” move that will blow your socks off.

Those investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 49 left.

To pick up yours, swing by:

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Inflation | Comments Off on The Single Greatest Opportunity in Precious Metals is Right Here

How Janet Yellen Will Unleash an Inflationary Storm

Posted on December 17, 2020 by The Phoenix

As I keep stating, the big theme for 2021 will be inflation. And a Biden administration will only accelerate this.

If you doubt me, consider that Biden has picked Janet Yellen as his Treasury Secretary.

Previously, Yellen ran the San Francisco Fed before eventually rising to be Fed Chair under the Obama administration. Throughout her tenure in these positions, she proved to be someone who LOVED using political reasoning to justify printing more money or easing monetary conditions.

In 2014, soon after taking the helm as Fed chair, Yellen gave a speech in which she stated that the Fed would have done a better job predicting and then navigating the Great Financial Crisis of 2008 if it had maintained more “diversity” in its workforce. She subsequently followed this up by creating the Fed’s first task force to improve the gender and ethnic diversity at the Fed.

Why does this matter?

Because NOWHERE in the original Federal Reserve Act of 1913, nor in its 1977 amendment, is there any mention of ANY of this stuff. The Fed’s job as explicitly stated in the legislature is to use interest rates to insure economic growth with minimal inflation. 

THAT’S IT.

In picking Janet Yellen as his Treasury Secretary Joe Biden is effectively giving the purse strings for the Republic to a social justice warrior: someone who believes that social justice issues should guide monetary policy.

In plain terms, all of this means MORE MONEY PRINTING.

Think about it… what precisely could the Treasury do about diversity? The Treasury is responsible for printing money and moving it around. So, if the Treasury decides to take on political projects with the intention of making the economy “fair” all it really means is that the Treasury will be funneling more money into the economy.

Remember, the Treasury created the credit facilities through which the Fed bailed out the entire financial system in March 2020. It was through these credit facilities that the Fed began buying:

1)    Municipal bonds.

2)    Corporate bonds.

3)    Corporate bond ETFs.

4)    Asset backed securities, including assets backed by money market funds, auto loans, student loans, and certificates of deposit.

As such, the Treasury represents the conduit through which the Fed funnels record stimulus into the financial system.

As I’ve stated previously, the Fed spent $3 trillion between 2008 and 2016 fighting the Great Financial Crisis and its aftermath. The Fed spent that same amount in seven months in 2020.

It was only able to do this legally by using the Treasury as a conduit. And we also need to remember, that the Treasury was responsible for the dispensation of the $2 trillion in stimulus for the CARES act in 2020.

And Joe Biden has just picked Janet Yellen to run this organization: a career academic who has never worked in the private sector and who strongly believes that she should use her position to combat political issues such as diversity and climate change. 

Again, all of this means MORE money printing is coming to the U.S.

This is the BIG theme for 2021 no matter what else may come: more money printing, more inflation, and more explosive moves in inflationary assets.

Those investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 49 left.

To pick up yours, swing by:

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity, Inflation | Comments Off on How Janet Yellen Will Unleash an Inflationary Storm

This is the Single Most Important Item for Investors Going Forward

Posted on December 16, 2020 by The Phoenix

As we wrap up 2020 and move into 2021, the world faces multiple systemically important issues.

The biggest ones are:

●      Will the COVID-19 vaccine work?

●      Will the U.S. economy recover to where it was pre-COVID-19?

●      Will Donald Trump leave the White House quietly or will the U.S. more into greater political turmoil?

How these issues will be resolved remains to be seen. So we are in very uncertain times in the world.

The ONLY thing we DO know for certain is that EVERY major problem going forward is going to be dealt with by printing money.

And because for the first time in decades MUCH of this money will actually funnel directly into the actual economy, HOT inflation will finally ignite.

The markets have already begun to discount this.

The Fed’s own research has stated that the single best predictor of future inflation is FOOD inflation. 

I realize this sounds odd. After all, publicly, the Fed states that its preferred measures of inflation are the Consumer Price Index (CPI) and the Personal Consumption Expenditures (PCE).

And yet, the Fed’s OWN RESEARCH has shown that these metrics do a horrible job of predicting future inflation. Not only that, but the Fed has KNOWN this since 2001!

In a little-known paper published back in 2001, Fed researchers wrote the following:

We see that past inflation in food prices has been a better forecaster of future inflation than has the popular core measure…Comparing the past year’s inflation in food prices to the prices of other components that comprise the PCEPI (as in Table 1), we find that the food component still ranks the best among them all…

St Louis Fed

I want you to focus on these two admissions:

1)    The Fed has admitted that its official inflation measures do not accurately predict future inflation. 

2)    The Fed admitted that FOOD prices are a much better predictor of future inflation. In fact, food prices were a better predictor of inflation than the Fed’s PCE, non-durables goods, transportation services, housing, clothing, energy and more.

With that in mind, take a look at the below table taken directly from the Bureau of Labor Statistics’ website:

Notice that FOOD prices have shown the fastest rise out of all other components over the last 12 months, clocking in at 3.9%. The BLS itself states that:

1)    All six major grocery store food group indexes are UP over the last year.

2)    The increase in prices range from 2.6 percent (fruits and vegetables) to 6.1 percent (meats, poultry fish, and eggs).

3)    The index for food away from home rose 3.9 percent over the last year, the largest 12-month increase reported for that index in over a DECADE (since May 2009).

If that was not worrisome enough, take a look at what is happening in agricultural commodities (the items that make up food).

What you’re looking at is the 10-year bear market in food prices ENDING. This chart is telling us that higher inflation is coming. And coming soon.

This is the BIG theme for 2021 no matter what else may come: more money printing, more inflation, and more explosive moves in inflationary assets.

Those investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 56 left.

To pick up yours, swing by:

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity, Inflation | Comments Off on This is the Single Most Important Item for Investors Going Forward

Policymakers Will Deal With Any and All Future Problems By Printing More Money

Posted on December 15, 2020 by The Phoenix

The US is moving towards more lockdowns.

California has already imposed a second round of lockdowns. And yesterday, Mayor De Blasio warned New York City to prepare for a second round of lockdowns. And Joe Biden’s top medical advisor has suggested a full-scale nationwide lockdown of four to six weeks to “control the pandemic.”

Setting aside the politics of these situations, more lockdowns means more economic downturn, more economic downturn means more Fed interventions, and more Fed interventions means more money printing.

Indeed, if anything has become clear in 2020, it’s that policymakers will deal with any and all problems, both health and economic, by printing money.

This is why the $USD has been dropping like a stone since March, erasing two year’s worth of gains in the span of nine months.

It’s also why inflation is now ripping through the financial system. Take a look at what copper, steel and gold are doing and you’ll see assets exploding out of multi-year downtrends.

This is the BIG theme for 2021 no matter what else may come: more money printing, more inflation, and more explosive moves in inflationary assets.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 79 left.

To pick up yours, swing by:

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on Policymakers Will Deal With Any and All Future Problems By Printing More Money

This is Where the BIG Money Will Be Made in 2021

Posted on December 15, 2020 by The Phoenix

The US is moving towards more lockdowns.

California has already imposed a second round of lockdowns. And yesterday, Mayor De Blasio warned New York City to prepare for a second round of lockdowns. And Joe Biden’s top medical advisor has suggested a full-scale nationwide lockdown of four to six weeks to “control the pandemic.”

Setting aside the politics of these situations, more lockdowns means more economic downturn, more economic downturn means more Fed interventions, and more Fed interventions means more money printing.

Indeed, if anything has become clear in 2020, it’s that policymakers will deal with any and all problems, both health and economic, by printing money.

This is why the $USD has been dropping like a stone since March, erasing two year’s worth of gains in the span of nine months.

It’s also why inflation is now ripping through the financial system. Take a look at what copper, steel and gold are doing and you’ll see assets exploding out of multi-year downtrends.

This is the BIG theme for 2021 no matter what else may come: more money printing, more inflation, and more explosive moves in inflationary assets.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 79 left.

To pick up yours, swing by:

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on This is Where the BIG Money Will Be Made in 2021

Joe Biden Is Packing His Administration With Money Printers

Posted on December 14, 2020 by The Phoenix

Well, I was wrong.

I had previously written that the election was in the courts and that based on legal precedent, the courts would give President Trump a second term.

The Supreme Court put that notion to rest late on Friday night when it rejected to even hear the case brought by Texas and 18 other states.

It’s pretty staggering if you think about it.

There are sworn affidavits from thousands of poll workers swearing to witnessing fraud. There are vote audits that have turned up fraud. There is statistical analysis that shows fraud. There is historical precedent concerning how key counties and states determine election outcomes that show fraud. 

And yet the courts have all either refused to accept any of this evidence… OR refused to even listen to the cases. It’s pretty incredible when you consider just how many ridiculous lawsuits and court cases are heard at all levels of the judiciary, even the Supreme Court.

There are still several cases outstanding as well as political avenues through which President Trump could secure a second term, but those are all EXTREME and likely not worth delving into at this point.  

At the end of the day, I was wrong. 

I am not in the business of pretending to be psychic, nor do I care for those analysts and pundits who make predictions that don’t prove correct and who then pretend they never made said predictions.

I predicted President Trump would win a second term in the courts. I was wrong. The end.

What matters to us as investors now is how a Biden administration will impact the markets. And by the look of things, the markets love the idea that Biden will packing the Fed and the Treasury with money printers.

The US was already on a trajectory towards hot inflation BEFORE Joe Biden won the election and started enlisting money printers like Janet Yellen to run key positions in his cabinet. Now that we DO have a Biden administration and it is packed with money printers, it’s not a question of IF we get HOT inflation, but WHEN.

On that note, the $USD has continued to break down in a big way. As I write this, it’s dropping like a stone, again. We are now coming up on MAJOR support in the large consolidation pattern that the $USD has been following since 2015.

A breakdown here, would signal a move into HOT inflation.

On that note, it’s worth pointing out that gold has ERUPTED to new all-time highs priced in EVERY major currency (Dollars, Euros, Yen and Francs). 

This is THE big theme for 2021. It is global in nature. And those investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 79 left.

To pick up yours, swing by:

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in 2020 Election Insanity, Central Bank Insanity | Comments Off on Joe Biden Is Packing His Administration With Money Printers

Graham Eats Humble Pie With Hot Inflation For Dessert

Posted on December 14, 2020 by The Phoenix

Well, I was wrong.

I had previously written that the election was in the courts and that based on legal precedent, the courts would give President Trump a second term.

The Supreme Court put that notion to rest late on Friday night when it rejected to even hear the case brought by Texas and 18 other states.

It’s pretty staggering if you think about it.

There are sworn affidavits from thousands of poll workers swearing to witnessing fraud. There are vote audits that have turned up fraud. There is statistical analysis that shows fraud. There is historical precedent concerning how key counties and states determine election outcomes that show fraud. 

And yet the courts have all either refused to accept any of this evidence… OR refused to even listen to the cases. It’s pretty incredible when you consider just how many ridiculous lawsuits and court cases are heard at all levels of the judiciary, even the Supreme Court.

There are still several cases outstanding as well as political avenues through which President Trump could secure a second term, but those are all EXTREME and likely not worth delving into at this point.  

At the end of the day, I was wrong. 

I am not in the business of pretending to be psychic, nor do I care for those analysts and pundits who make predictions that don’t prove correct and who then pretend they never made said predictions.

I predicted President Trump would win a second term in the courts. I was wrong. The end.

What matters to us as investors now is how a Biden administration will impact the markets. And by the look of things, the markets love the idea that Biden will packing the Fed and the Treasury with money printers.

The US was already on a trajectory towards hot inflation BEFORE Joe Biden won the election and started enlisting money printers like Janet Yellen to run key positions in his cabinet. Now that we DO have a Biden administration and it is packed with money printers, it’s not a question of IF we get HOT inflation, but WHEN.

On that note, the $USD has continued to break down in a big way. As I write this, it’s dropping like a stone, again. We are now coming up on MAJOR support in the large consolidation pattern that the $USD has been following since 2015.

A breakdown here, would signal a move into HOT inflation.

On that note, it’s worth pointing out that gold has ERUPTED to new all-time highs priced in EVERY major currency (Dollars, Euros, Yen and Francs). 

This is THE big theme for 2021. It is global in nature. And those investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 79 left.

To pick up yours, swing by:

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in 2020 Election Insanity, Central Bank Insanity | Comments Off on Graham Eats Humble Pie With Hot Inflation For Dessert

Graham Eats Humble Pie With Hot Inflation For Dessert

Posted on December 14, 2020 by The Phoenix

Well, I was wrong.

I had previously written that the election was in the courts and that based on legal precedent, the courts would give President Trump a second term.

The Supreme Court put that notion to rest late on Friday night when it rejected to even hear the case brought by Texas and 18 other states.

It’s pretty staggering if you think about it.

There are sworn affidavits from thousands of poll workers swearing to witnessing fraud. There are vote audits that have turned up fraud. There is statistical analysis that shows fraud. There is historical precedent concerning how key counties and states determine election outcomes that show fraud. 

And yet the courts have all either refused to accept any of this evidence… OR refused to even listen to the cases. It’s pretty incredible when you consider just how many ridiculous lawsuits and court cases are heard at all levels of the judiciary, even the Supreme Court.

There are still several cases outstanding as well as political avenues through which President Trump could secure a second term, but those are all EXTREME and likely not worth delving into at this point.  

At the end of the day, I was wrong. 

I am not in the business of pretending to be psychic, nor do I care for those analysts and pundits who make predictions that don’t prove correct and who then pretend they never made said predictions.

I predicted President Trump would win a second term in the courts. I was wrong. The end.

What matters to us as investors now is how a Biden administration will impact the markets. And by the look of things, the markets love the idea that Biden will packing the Fed and the Treasury with money printers.

The US was already on a trajectory towards hot inflation BEFORE Joe Biden won the election and started enlisting money printers like Janet Yellen to run key positions in his cabinet. Now that we DO have a Biden administration and it is packed with money printers, it’s not a question of IF we get HOT inflation, but WHEN.

On that note, the $USD has continued to break down in a big way. As I write this, it’s dropping like a stone, again. We are now coming up on MAJOR support in the large consolidation pattern that the $USD has been following since 2015.

A breakdown here, would signal a move into HOT inflation.

On that note, it’s worth pointing out that gold has ERUPTED to new all-time highs priced in EVERY major currency (Dollars, Euros, Yen and Francs). 

This is THE big theme for 2021. It is global in nature. And those investors who are well positioned to profit from it could see literal fortunes.

On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it 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.

We are making just 100 copies available to the public.

As I write this there are just 79 left.

To pick up yours, swing by:

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

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Inflation | Comments Off on Graham Eats Humble Pie With Hot Inflation For Dessert

How and When the SCOTUS Will Overturn the Election

Posted on December 9, 2020 by The Phoenix

Get ready for some fireworks.

The state of Texas (along with Alabama, Arkansas, Florida, Kentucky, Louisiana, Mississippi, South Carolina, and South Dakota) is suing the states of Georgia, Michigan, Pennsylvania and Wisconsin in the Supreme Court.

Texas is arguing that those four states violated the constitution when they passed new election laws to allow mail-in voting and other changes to their election process.

The Constitution of the United States is explicit that only state legislators NOT state governors, attorney generals, or secretary of states can change how elections are processed.

The media is keeping pretty quiet about this, or attempting to frame it as nothing, but it is a HUGE deal. The Supreme Court has already docketed the case meaning that the SCOTUS will hear it.

If the SCOTUS rules that of Georgia, Michigan, Pennsylvania and Wisconsin did in fact violate the constitution (they did), then either: 

1)    Those votes that were allowed under the new laws are thrown out.

Or…

2)    The elections in those states become null and void.

If the outcome is #1, then President Trump wins all four states in a landslide.

Remember, the mail-in ballots were pro-Biden by a massive margin (90%+). If those votes no longer count, Biden loses tens of thousands of votes in all four key states (his margin of victory is only 1% or lower in all four of them).

If the outcome is #2, then 62 electoral college votes vanish from the vote count.

This means NO ONE hits the required 270 electoral college votes to win the election outright and the election moves into Congress as per the 12th Amendment.

There, the House of Representatives votes for the President on a one vote per state basis. The GOP has 26 states, the Democrats have 24 states.

This again, means Trump wins the election.

You can be furious at this all you want, but it’s the law. The fact the media doesn’t bother explaining this only reveals that they’re ignorant of how elections work in the U.S. or are so biased they can’t be bothered to consider an outcome in which Biden doesn’t win.

So, like I said… get ready for some fireworks. The odds of President Trump actually winning the election are the highest they’ve been since the election itself.

With that in mind, I stand by my original forecast that President Trump will end up winning this election. And our clients are already doing this with our new special report titled…

The MAGA Portfolio: Five Investments That Will Make Fortunes During Trump’s Second Term.

In it, we detail five unique investments that we expect will produce the most extraordinary gains during President Trump’s second term.

Each one of these investments is in a unique position to profit from the combination of Trump economic reforms and Fed monetary easing, combining high growth opportunities with extreme profitability.

We are offering this report exclusively to subscribers of our e-letter Gains Pains & Capital. To pick up your copy please swing by:

https://phoenixcapitalmarketing.com/MAGA.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in 2020 Election Insanity | Comments Off on How and When the SCOTUS Will Overturn the Election

2020 Presidential Election Update: Where We Are in Terms of the Courts

Posted on December 7, 2020 by The Phoenix

The 2020 Presidential election fiasco will have several key developments this week.

The media continues to act as though Joe Biden has won the election and that any and all lawsuits launched by the Trump administration have been defeated.

This is false.

There are literally dozens of lawsuits underway in various states regarding the 2020 President election.

The Trump administration has filed three. The rest are from individuals, state legislators, and other entities.

Each individual lawsuit on its own is of relatively low significance. Ultimately the ONLY lawsuit that decides how this election turns out will be the one/ones that are presented before the Supreme Court.

The media is pretending this is not the case. But remember, this is the same media that told us:

1)    President Trump colluded with Russia to steal the 2016 election (we know from declassified documents that this was a lie and that the media KNEW it was a lie from 2017 onward).

2)    That activists burning and looting cities in America DO NOT spread COVID-19 but that everyone else is forbidden from attending church or meeting with family and friends because they WILL spread COVID-19.

Put simply, the media has an agenda here. And they’ve proven they will lie to our faces about things.

So, where are things in the U.S. right now?

Michigan, Arizona, Georgia, Pennsylvania, Nevada and Wisconsin are all in play.

Recent legal developments that can change things:

1)    Georgia is now suggesting a forensic audit of votes involving signatures.

2)    Michigan has allowed the Trump campaign to have a forensic audit of voting machines.

3)    Arizona allowed for an audit of 100 votes, of which 3% were found to be fraudulent/ illegitimate. The state has since allowed an audit of a larger pool of votes.

4)    The Supreme Court is open to hearing a case to determine if Pennsylvania violated election law by adopting a mail-in ballot voting system.

The biggest items in terms of potential impact on the election’s outcome are #2 and #4.

Regarding #2, the Dominion voting machines being audited in Michigan were used in 30 states.

If the Trump administration can prove via a forensic audit that these machines were open to manipulation or fraud, then the results of those 30 states can be TOSSED OUT.

That would mean the election results in those 30 states are no longer valid and either a NEW vote is required OR the state legislators will decide who to elect OR the election will move into Congress where the House will vote with 1 vote per state.

ALL of this would mean Trump winning the election.

Regarding #4, the Supreme Court has the final say in the law in the U.S.

If the Supreme Court decides that Pennsylvania’s decision to use mail-in ballots was illegal or illegitimate, then ALL mail-in ballots in Pennsylvania would be thrown out and the states votes would be recounted WITHOUT them (meaning Trump wins).

This would open the door to similar legal decisions in other states that used mail-in ballots. This again, would mean vote recounts in multiple states. And with Joe Biden winning those states by less than 1%, it would mean Trump winning.

This is the state of things in the U.S. today. Those telling you that the election is over are ignorant or lying. If anything, the odds are now favoring a Trump win more than at any point since November 3rd.

With that in mind, I stand by my original forecast that President Trump will end up winning this election. And our clients are already doing this with our new special report titled…

The MAGA Portfolio: Five Investments That Will Make Fortunes During Trump’s Second Term.

In it, we detail five unique investments that we expect will produce the most extraordinary gains during President Trump’s second term.

Each one of these investments is in a unique position to profit from the combination of Trump economic reforms and Fed monetary easing, combining high growth opportunities with extreme profitability.

We are offering this report exclusively to subscribers of our e-letter Gains Pains & Capital. To pick up your copy please swing by:

https://phoenixcapitalmarketing.com/MAGA.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in 2020 Election Insanity | Comments Off on 2020 Presidential Election Update: Where We Are in Terms of the Courts

Why Trump Gets a Second Term (and the market knows it)

Posted on December 1, 2020 by The Phoenix

The media continues to act as though Joe Biden is already President.

He’s not. In fact, technically, he’s not even President elect.

By law, unless President Trump formally concedes, Joe Biden could NOT be President elect until December 14th at the earliest (that’s when states formally cast their electoral college votes).

That’s how things normally work. And this year’s election is anything but normal.

There has now been considerable evidence presented by witnesses and experts to voting fraud occurring in Pennsylvania, Georgia and Arizona.

The media thinks that because they don’t broadcast the hearings in which the evidence is being presented, that somehow magically the hearings and the evidence don’t exist.

They do. 

Saying “there’s no evidence” of voting fraud at this point is like saying there’s no evidence that the sky is blue because you refuse to look up. The sky is blue. You’re simply refusing to look up so you can claim otherwise.

Media lies aside, multiple lawsuits have been filed concerning voting fraud. Once lawsuits are filed, the election is now in the court system.

This means that what I think, what you think, what the media thinks, what Joe Biden thinks, what anyone thinks but the judge ruling the case is irrelevant. The only items that matter are the evidence and what the judge rules on the case.

On top of this, what any particular judge rules is irrelevant to some degree because the Trump campaign can appeal a ruling, or take the case to a higher court, and ultimately to the Supreme Court. 

This is why those pundits and media types who applauding the fact that an-Obama appointed judge or a particular state’s supreme court ruled against the Trump campaign in Pennsylvania are myopic at best and simply ignorant at worst.

Applauding a particular court ruling as a big deal at this point is like applauding a field goal in the first three minutes of the Super Bowl: there is a LOT of time between now and when the game ends and a LOT of things can happen.

Ultimately, President Trump can take his case to the Supreme Court. If his campaign and prove significant voter fraud (they have several more weeks to build their case), then the SCOTUS can rule to have the federal vote audited, invalidated (meaning state legislators pick the president) or any number of specific rulings on specific states.

All of this FAVORS Trump.

Everyone knows fraud occurs during elections. It’s not a question of if, but how much. And with the SCOTUS now stacked 6-3, or at least 5-4 conservatives to liberals, the likelihood of President Trump winning this election are MUCH HIGHER than most people realize.

And the markets know it.

President Trump has made it clear he wants fracking and all domestic production of oil pushed aggressively in his second term. By way of contrast, Joe Biden has made it clear he is against fracking and wants to push for clean energy in the U.S.

With that in mind, take a look at how Energy stocks (XLE) have performed compared to Green Energy stocks (TAN) since election night.

Even with yesterday’s bloodbath in Oil prices, energy and oil stocks have absolutely CRUSHED green energy stocks.

Who do you think the market is predicting as winner of this election? The pro-Oil candidate or the pro-climate change candidate?

With that in mind, I stand by my original forecast that President Trump will end up winning this election. And our clients are already doing this with our new special report titled…

The MAGA Portfolio: Five Investments That Will Make Fortunes During Trump’s Second Term.

In it, we detail five unique investments that we expect will produce the most extraordinary gains during President Trump’s second term.

Each one of these investments is in a unique position to profit from the combination of Trump economic reforms and Fed monetary easing, combining high growth opportunities with extreme profitability.

We are offering this report exclusively to subscribers of our e-letter Gains Pains & Capital. To pick up your copy please swing by:

https://phoenixcapitalmarketing.com/MAGA.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Trump 2020 Landslide | Comments Off on Why Trump Gets a Second Term (and the market knows it)

Trump Will Win the Election in the Courts

Posted on December 1, 2020 by The Phoenix

The media continues to act as though Joe Biden is already President.

He’s not. In fact, technically, he’s not even President elect.

By law, unless President Trump formally concedes, Joe Biden could NOT be President elect until December 14th at the earliest (that’s when states formally cast their electoral college votes).

That’s how things normally work. And this year’s election is anything but normal.

There has now been considerable evidence presented by witnesses and experts to voting fraud occurring in Pennsylvania, Georgia and Arizona.

The media thinks that because they don’t broadcast the hearings in which the evidence is being presented, that somehow magically the hearings and the evidence don’t exist.

They do. 

Saying “there’s no evidence” of voting fraud at this point is like saying there’s no evidence that the sky is blue because you refuse to look up. The sky is blue. You’re simply refusing to look up so you can claim otherwise.

Media lies aside, multiple lawsuits have been filed concerning voting fraud. Once lawsuits are filed, the election is now in the court system.

This means that what I think, what you think, what the media thinks, what Joe Biden thinks, what anyone thinks but the judge ruling the case is irrelevant. The only items that matter are the evidence and what the judge rules on the case.

On top of this, what any particular judge rules is irrelevant to some degree because the Trump campaign can appeal a ruling, or take the case to a higher court, and ultimately to the Supreme Court. 

This is why those pundits and media types who applauding the fact that an-Obama appointed judge or a particular state’s supreme court ruled against the Trump campaign in Pennsylvania are myopic at best and simply ignorant at worst.

Applauding a particular court ruling as a big deal at this point is like applauding a field goal in the first three minutes of the Super Bowl: there is a LOT of time between now and when the game ends and a LOT of things can happen.

Ultimately, President Trump can take his case to the Supreme Court. If his campaign and prove significant voter fraud (they have several more weeks to build their case), then the SCOTUS can rule to have the federal vote audited, invalidated (meaning state legislators pick the president) or any number of specific rulings on specific states.

All of this FAVORS Trump.

Everyone knows fraud occurs during elections. It’s not a question of if, but how much. And with the SCOTUS now stacked 6-3, or at least 5-4 conservatives to liberals, the likelihood of President Trump winning this election are MUCH HIGHER than most people realize.

And the markets know it.

President Trump has made it clear he wants fracking and all domestic production of oil pushed aggressively in his second term. By way of contrast, Joe Biden has made it clear he is against fracking and wants to push for clean energy in the U.S.

With that in mind, take a look at how Energy stocks (XLE) have performed compared to Green Energy stocks (TAN) since election night.

Even with yesterday’s bloodbath in Oil prices, energy and oil stocks have absolutely CRUSHED green energy stocks.

Who do you think the market is predicting as winner of this election? The pro-Oil candidate or the pro-climate change candidate?

With that in mind, I stand by my original forecast that President Trump will end up winning this election. And our clients are already doing this with our new special report titled…

The MAGA Portfolio: Five Investments That Will Make Fortunes During Trump’s Second Term.

In it, we detail five unique investments that we expect will produce the most extraordinary gains during President Trump’s second term.

Each one of these investments is in a unique position to profit from the combination of Trump economic reforms and Fed monetary easing, combining high growth opportunities with extreme profitability.

We are offering this report exclusively to subscribers of our e-letter Gains Pains & Capital. To pick up your copy please swing by:

https://phoenixcapitalmarketing.com/MAGA.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research


Posted in Trump 2020 Landslide | Comments Off on Trump Will Win the Election in the Courts

S&P 500 at 4,000 By Year End? Don’t Laugh

Posted on November 30, 2020 by The Phoenix

The market continues to grind higher.

At this point, we’re about to enter the final month of the year. Most fund managers have had a TERRIBLE year. Only a handful of them accurately predicted the March meltdown and even fewer managed to buy at the lows once the market bottomed.

What does this mean?

That an entire industry of money managers has about four weeks to play “catch up” so they can post the best possible returns for 2020. Those who fail will lose clients and assets under management. 

This has the makings of a market melt-up into year-end.

The S&P 500 has broken out of its three-month consolidation period. This breakout if it holds predicts a move to 4,000 before year-end.

This sounds crazy I know, but which is crazier… 4,000 on the S&P 500, or the notion that money managers will say, “you know what, I’ve performed terribly this year… I’m going to just take it easy in December and post my awful returns to my clients.”

You get my point.

Throw in the fact that both the Fed and the European Central Bank (ECB) are both printing tremendous amounts of money with both banks’ balance sheets hitting new all-time highs and you have the makings of a MELTUP into year-end.

And then of course… there’s the market’s reaction if the 2020 Presidential election ends up going for Trump.

 KABOOM!

With that in mind, I stand by my original forecast that President Trump will end up winning this election. And our clients are already doing this with our new special report titled…

The MAGA Portfolio: Five Investments That Will Make Fortunes During Trump’s Second Term.

In it, we detail five unique investments that we expect will produce the most extraordinary gains during President Trump’s second term.

Each one of these investments is in a unique position to profit from the combination of Trump economic reforms and Fed monetary easing, combining high growth opportunities with extreme profitability.

We are offering this report exclusively to subscribers of our e-letter Gains Pains & Capital. To pick up your copy please swing by:

https://phoenixcapitalmarketing.com/MAGA.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Related

Posted in Meltup | Comments Off on S&P 500 at 4,000 By Year End? Don’t Laugh

How to Profit From Fund Managers’ Panic Buying Into Year-End

Posted on November 30, 2020 by The Phoenix

The market continues to grind higher.

At this point, we’re about to enter the final month of the year. Most fund managers have had a TERRIBLE year. Only a handful of them accurately predicted the March meltdown and even fewer managed to buy at the lows once the market bottomed.

What does this mean?

That an entire industry of money managers has about four weeks to play “catch up” so they can post the best possible returns for 2020. Those who fail will lose clients and assets under management. 

This has the makings of a market melt-up into year-end.

The S&P 500 has broken out of its three-month consolidation period. This breakout if it holds predicts a move to 4,000 before year-end.

This sounds crazy I know, but which is crazier… 4,000 on the S&P 500, or the notion that money managers will say, “you know what, I’ve performed terribly this year… I’m going to just take it easy in December and post my awful returns to my clients.”

You get my point.

Throw in the fact that both the Fed and the European Central Bank (ECB) are both printing tremendous amounts of money with both banks’ balance sheets hitting new all-time highs and you have the makings of a MELTUP into year-end.

And then of course… there’s the market’s reaction if the 2020 Presidential election ends up going for Trump.

 KABOOM!

With that in mind, I stand by my original forecast that President Trump will end up winning this election. And our clients are already doing this with our new special report titled…

The MAGA Portfolio: Five Investments That Will Make Fortunes During Trump’s Second Term.

In it, we detail five unique investments that we expect will produce the most extraordinary gains during President Trump’s second term.

Each one of these investments is in a unique position to profit from the combination of Trump economic reforms and Fed monetary easing, combining high growth opportunities with extreme profitability.

We are offering this report exclusively to subscribers of our e-letter Gains Pains & Capital. To pick up your copy please swing by:

https://phoenixcapitalmarketing.com/MAGA.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Meltup | Comments Off on How to Profit From Fund Managers’ Panic Buying Into Year-End

Central Banks Are Going “All In” on Creating the Mother of All Bubbles

Posted on November 25, 2020 by The Phoenix

Stocks hit a new all-time high yesterday.

The media is trying to attribute this move to Joe Biden picking various people for his cabinet. However, as I’ve stated many times before, Joe Biden has yet to actually win the election. Moreover, the market moves are occurring at totally different times from the announcements of the Biden campaign. So, you can forget this narrative.

What is pushing the market higher?


The Fed and other central banks.

The Fed’s balance sheet exploded by over $60 billion this week, pushing it to new all-time highs of $7.2 trillion.

Chart, line chart Description automatically generated

All told, the Fed has expanded its balance sheet by $3.1 trillion this year.

To put that into perspective, in response to the Great Financial Crisis, the Fed expanded its balance sheet by this same amount over the course of FIVE YEARS from 2008 to… 2013.

Put another way, it took the Fed FIVE YEARS to spend the same amount of money during the worst financial crisis and recession in 80 years. This time around, the Fed spent it in EIGHT MONTHS. 

If you want a reason for stocks exploding to new all-time highs over and over again, it’s this TSUNAMI of liquidity the Fed has provided.

And the Fed is not the only one.

The European Central Bank’s (ECB) balance sheet ALSO hit a new-all time high this week.

Forget Joe Biden or Donald Trump, globally central banks and governments have spent $14 TRILLION this year. We’re talking about an amount of money equal to the GDPs of China (the 2nd largest economy in the world).

That money has to go somewhere. And much of it has gone into stocks, where it is creating the mother of all bubbles.

On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike when the Everything Bubble bursts.

It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here.

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on Central Banks Are Going “All In” on Creating the Mother of All Bubbles