Saturday 24 August 2024

The Rollercoaster That Never Ends

It’s your weekly ProsperityPub Roundup
 
   
     
   
 
AUGUST 24, 2024
   
The Rollercoaster That Never Ends
 
You know, I sometimes think the market is like that one rollercoaster at the county fair — the one that looks rickety but keeps drawing a crowd. The ups and downs are exhilarating, but at some point, you start wondering if it’s really worth the ride or if you should’ve just stuck to the Ferris wheel.

This week felt a bit like that. We had Powell’s speech at Jackson Hole — which should’ve been a big deal — but instead, markets reacted with barely a whisper. Honestly? I’m a little fed up with the whole charade. (and so are most of our experts, as you’ll see below)

But as always, our team here at ProsperityPub was quick to cut through the noise. Nate, Geof, Graham and Jeffry all stepped in with insights that are as refreshing as they are needed.

And even Jack Carter, who isn’t technically
under our ProsperityPub umbrella, chimed in with his own take on the Fed nonsense. There’s plenty to chew on this week, so I’ll let you get to it.

To your prosperity,


— Stephen Ground
Editor-in-Chief, ProsperityPub
HOT TIPS
Key Market Insights
 
 
Editor-in-Chief, Stephen Ground is Fed up. All eyes were on Powell’s speech at Jackson Hole, but Stephen thinks the reaction was all too predictable. Here’s why this rate cut might have you feeling more frustrated than relieved.
 
Our friend, Jack Carter had choice words for the Fed as well. Truth be told, he couldn't care less about the Fed. It’s all the wasted time and attention he's raging against.
 
Meanwhile, early in the week, Geof Smith told us all the attention on rate cuts was misplaced. Instead of celebrating, Geof warned why you shouldn’t want the Fed to cut rates — it could signal more trouble ahead than most realize. (we’re starting to notice a certain theme developing here… is it just us?)
 
Ok, change of topic: Back in February, Jeffry Turnmire made a BOLD prediction — he predicted gold miner Newmont Corp, stock ticker NEM had hit rock bottom after a brutal 2-year slump… Fast forward to today, and that call is ON FIRE! The Jan 2026 $60 strike options he picked up at $1.08 are now worth $6.09 — up 463% so far — and NEM is “only” at $52 so far! With Jeffry’s chart from February showing a target of $100… there’s STILL plenty of room for NEM to run!
HOT TRADES
Latest Winners
 
 
Graham Lindman’s Lightning Trades continues dominating… with open trades on DHI currently up over 46%,  NFLX up over 64%, and TMF up over 170%!
 
Nate Tucci is having his best week of the year with open trades… including a debit spread on BITO that is currently up over 550%!
 
Earlier this week, Geof Smith caught a fast 1 day, nearly 1% move in gold… But the real news is that his Perfect Gold Trade just spotted gold entering another acceleration cycle. If history is any guide, this one could nab a 40-60% win in the next few days!
 
Jeffry Turnmire’s Apollo Algo is the gift that keeps on giving, with winning trades this week on XOM, FDX, MSTR, PARA, BABA and more!
THINGS LEFT UNREAD
In Case You Missed It
 
 
Nate Tucci told us why he loves spreads and explained why “in probably 95% of situations you would be better off with a well-constructed spread than with just a call or put.”
 
Editor-in-Chief, Stephen Ground’s recent experience with his NFLX trade made him ponder the massive amounts of data at our disposal. And how we have to pick a strategy that works for us and stick with it.
 
Is General Dynamics poised to take off? Scott Welsh seems to think so.
 
Geof Smith taught us how Fibs can sometimes reveal the market’s truths.
 
Scott Welsh told us that one of Charlie Munger’s favorite value stocks is about to break out.
He called Apple at $19.50 per share
Nvidia at 57¢ per share
 

And now he’s ready to reveal his groundbreaking stock-picking platform!

Register your spot for this breakthrough event now!
   
 

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