From Joe
If you’ve been following me for a while now, and you’ve been wondering how you can actually profit from the ideas here, I want you to save this date on the calendar.
April 25th 7:00 PM ET
I’ll be hosting a LIVE Masterclass where I'm going to cover one of the best kept secrets in all of finance - the inner workings of the Asymmetric Trade.
You see, these types of trades have been used for years by some of the brightest financial minds of our time. People like “Big Short” Investor Michael Burry, Black Swan author Nassim Taleb, and billionaire hedge fund managers Bill Ackman and Ray Dalio.
I’ve personally used this strategy to take home some big returns in my own portfolio over the past 8 months.
And I plan on revealing everything I know at this event.
We’ll cover things like:
• Why I believe 2024 could be the year of the asymmetric trade (and why I believe that if you want to profit you need to start getting in position now).
• A simple and easy to understand protocol I follow for spotting asymmetric trades (one that’s helped me take home some massive gains in my personal account and how you can use it in your own portfolio to shoot for massive returns).
• The exact techniques I’ve used to help a small group of ‘beta testers’ spot some of their own asymmetric trades over the last few months.
• How you can use these trades to beat volatility.
This event is completely free.
Listen, with the Fed announcements, elections and dozens of potential crises coming over the next year, this is one event you won’t want to miss.
All you have to do is click on the link and enter your email.
And I’ll see you there.
News
Gold Rises to Another Record as Traders Take Comfort in US PPI
Gold climbed to a fresh record after the latest US inflation report offered some calm to markets a day after a hot price reading curbed bets on Federal Reserve rate cuts. The March producer price index for final demand rose 2.1% from a year earlier, Labor Department data showed Thursday. That’s the most in 11 months, but below the 2.2% analyst estimate. The PPI print along with the hot consumer inflation report Wednesday underpinned the bumpy path the Federal Reserve faces in achieving its 2% target. Still, the details in the PPI report offered some calm for investors worried about a re-acceleration of inflation. Several categories used to inform the Fed’s preferred inflation measure — the personal consumption expenditures price gauge — such as health care and portfolio management, came in softer.
Hot inflation may put Fed rate cut in thick of election season
Hot U.S. inflation data has put the Federal Reserve's debate over a first interest rate cut on a potential collision course with the presidential election calendar, although a parade of top-level Fed-watching economists also predict the Fed won't make its move until after Americans go to the polls. Rate futures markets now show investors see a first rate cut as most likely occurring at the Fed's Sept. 17-18 meeting after data showed inflation through the entire first quarter of 2024 was stiffer than expected and had demonstrably slowed progress on bringing it back to the Fed's 2% target. A rate cut then - just seven weeks before Election Day - would shine a spotlight on the Fed, which goes to pains to keep itself out of the political tussle. Not cutting by then won't necessarily dim that light, though.
Why car insurance costs are skyrocketing, leading to higher inflation
Skyrocketing auto insurance costs helped contribute to inflation accelerating at a faster-than-expected pace in March and are adding to the ever more expensive costs for U.S. vehicle owners. On a monthly basis, car insurance prices as part of the consumer price index rose by an unadjusted 2.7%, while the year-over-year increased by 22.2%, according to data released Wednesday. The index is a key inflation gauge and a broad measure of the cost of goods and services across the economy. Auto insurance costs have been on the rise for some time, growing every month as part of the index since December 2021. Since then, costs have increased by 45.8%, according to U.S. Bureau of Labor Statistics. However, auto insurance remains a small portion of the CPI, with a 2.85% weighting.
Fed’s Williams Says No Need to Adjust Rates in ‘Very Near Term’
Federal Reserve Bank of New York President John Williams said the central bank has made “tremendous progress” toward better balance on its inflation and employment goals, but added there’s no need to cut in the “very near term.” Williams, speaking to reporters after an event in New York Thursday, said inflation still has “a ways to go” to get to the Fed’s 2% goal. He added monetary policy is in a good place, and the labor market remains strong. “There’s no clear need to adjust policy in the very near term,” Williams said to reporters following remarks at the Federal Home Loan Bank of New York Member Symposium. “As we collect more data, we’ll be able to assess have we got that confidence that inflation is moving back to 2%.” Williams said in his prepared remarks that he expects inflation to continue its gradual return to 2%, though anticipates “bumps along the way,” citing recent inflation data.