Market Update – Focus on the big picture; Opportunity knocks for long-term investors

I have uploaded a markets update podcast for September 6, 2018. Click here to go to the show archives page to listen and look at the relevant links or you can listen on the link below. You can also right mouse click here to download the podcast.

-US economic data continue to point to an OK domestic economy. Inflation is running much higher than what the Fed is saying. Wage growth is continuing to disappoint (the workers). Today’s data reaffirms this.
-The Fed will have to eventually raise rates higher and faster. We were warned early his year and the process could take 2-3 years.
-The dollar is well-supported as the world attempts to deleverage out of dollars (it won’t be able)
-Silver is telling us something. Ag is an industrial metal and its weakness is saying the global economy is not as robust as the MSM shills are saying
-Gold holding up as the COT is still stretched
-The US stock market is a red herring as the developing nations are the first ones to get hit in any Fed tightening campaign. Don’t be involved in the collateral damage.
-Turkey begins constructing site for Russian missile system — despite US warnings
-We have good opportunities coming up for those with cash, low debt, and unencumbered assets. Credit will continue to tighten. The Fed does not want to be blamed, so a slow approach can help to alleviate its ostensible culpability.
-The charts and market action don’t lie; further crypto weakness is coming. Etherium’s weakness is especially ominous.
-Trump is part of the set up. The ongoing global economic weakness is necessary to bring about WWIII. That won’t be for at least several more years
-Cash is king – STILL. There will come a time when we will wish we had it.