Happy Valentine's Day!
First, I take a victory lap for another successful Super Bowl prediction… sort of: I told you not to listen to me), and I was right!
I highlight why this was one of the best Super Bowls in recent memory—despite the fact that my beloved Eagles should have won… and the NFL is a bunch of aholes who should be ashamed of themselves.
Turning to the markets… The latest Consumer Price Index (CPI) data came out this morning. I break down why the numbers cripple the bullish thesis… and how consumer habits are about to change.
More bad news for the bulls: Earnings estimates keep coming down… and I expect several quarters of lower earnings. I explain why this—combined with several other risk factors—is creating a recipe for disaster.
Bottom line: This market should scare the hell out of you.
Fortunately, there’s a simple move you can make today to protect yourself)…
In this episode
The NFL is a bunch of aholes [0:30]
How this morning’s CPI data hurts the bullish thesis [9:45]
The “earnings recession” is just beginning [13:50]
Why this market should scare the hell out of you [21:15]
The best strategy for today’s market) [30:40]
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