November 17, 2022

Thursday morning
November 17, 2022

Hello everyone,

I hope you are well and having a great week.

This will be a summary of John’s latest webinar, which was done yesterday.

Title: Flip Flop

The summary within the summary is here:

Stocks: buy the dips at the bottom of the range
Bonds: buy dips
Currencies: sell dollar rallies
Precious metals: buy dips
Real estate: buy dips
Energy: stand aside
Commodities: buy dips
Volatility: short over $30

The next major move in interest rates is likely to be down. But there are no guarantees.

John has no positions currently.
75.53% trailing one-year return.

There are no guarantees that the market will continue to go up. We could flatline until the next CPI on Dec 13.

We are 11 months into a 12–18-month bear market.

Inflation is falling, but the Fed needs to see several deflationary data points to ease up.

Bull market in Bonds – the trade for 2023.

CPI dives 7.7% - a 1% decline from the previous month.

Fed raises interest rates .75% but language is slightly more accommodative.

Nonfarm Payroll – a hot 261,000 in October.

Unemployment rate 3.7% - highest since Feb.

Consumer confidence dives – University of Michigan

Auto Loan delinquencies are soaring.

FTX bankruptcy - $9.5 billion missing. Could be as much as $50 billion. (I read that FTX corporate was buying homes for employees). Not really the thing to do with corporate funds. And it seems that Bankman-Fried mixed up customers’ money with his own and then lost it according to Bloomberg. (What was he thinking????)

Start scaling into TLT long trades.
100-105 TLT – one year out.

Looking for a move to 120.

Also look at Junk Bonds (8% yield).

FCX target is $100.

Tesla is still a buy, but it could go sideways for a time.

Emerging markets – buy the dips.

Sell the U.S.$.

Buy the Pound (FXB), Euro (FXE), Aussie (FXA), Yen (FXY)

2023 and 2024 will be a trader’s paradise. There will be lots of money-making opportunities. Get off the platform and jump on the train.

FTX has bombed the crypto industry. John now sees crypto in a winter season for several years. The fall out is starting to hit other exchanges, such as Gemini and Genesis among others. I took all my funds out of Gemini on Monday. Since then, they have halted withdrawals. Hopefully, this crisis will purge the weak and unprofessional businesses and tidy up the industry. It's very much needed.

Look out for short trades in the S&P 500 and in Apple.

Wishing you all the best for the rest of the week.

Cheers,

Jacque

"The bad news is time flies. The good news is you’re the pilot." - Michael Altshuler

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