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The market hit a new bear market low. That means that the summer rally was indeed just a bear market rally. And stocks may go lower.

Two things spooked investors, persistent inflation and a consequentially persistent Fed. After four Fed rate hikes, a bear market, and two straight quarters of negative GDP growth, inflation remains sky high and barely budging. The Fed will have to remain hawkish for longer.

The Fed insinuated that it is willing to drive the economy into recession, or deeper recession, to tame inflation. That makes it increasingly likely that only a hard landing can bring prices down. The economy is likely to weaken in the months ahead, dragging corporate earnings down with it.

It was another good week for Explorer recommendations led by ChargePoint (CHPT), up 17%, and Butterfly (BFLY), up another 8%.


Some of you will remember when George Gilder’s Wealth and Poverty hit the market in 1981 like a thunderclap. It was intellectual capital and political firepower for both the Reagan Revolution and a big bull market.



Mr. Gilder has been active ever since and has a new book out that I highly recommend, Life After Capitalism.

Artificial intelligence is forcing the information landscape to evolve. Instead of fearing it, profit from it. We’ll be here to help.

The overall market continues to look healthy—though we still haven’t yet received an “all-clear” signal from our long-term timing indicator—and our stocks, in general, continue to reward, with many hitting new highs in recent days as the economic outlook improves.

Long-term, the prospects for the economy and market have improved, but short-term, the relative elation of recent days has brought numerous growth stocks to what seem like unsustainable heights—so I’ve lowered the ratings on three of our positions to Hold, and if you’d like to take partial profits, that’s fine with me.



As for today’s recommendation, it’s a very unusual one for me. But the chart is strong and the story has some validity, so we’ll give it a shot!



Full details in the issue.

The 5G revolution is here, bringing a level of technological change not seen since the advent of the internet. These 2 dividend stocks will benefit from it.

AI stocks have been the primary driver of the bull market, but the stage is set for other sectors to outperform. Here are three stocks I like now to limit your AI exposure.

Isn’t this fun? The market is up big today. But things have been very ugly. And we might not be out of the woods yet.

As of yesterday’s close, the S&P 500 was down 12.49% YTD. The technology stock-heavy Nasdaq was about 19% lower for the year and more than 20% below the November high, officially in bear market territory. The latest down leg is because the Russia/Ukraine situation is getting worse.

Already the S&P500’s crisp 20% peak-to-trough drop ending on December 24th seems like a distant memory. Since last quarter, over 90% of all S&P500 stocks have advanced. Being contrarians, this prompted us to look at stocks that haven’t fully participated in the upturn.

In this issue, see the seven stocks whose shares remain well below their two-year highs, yet might have latent recovery potential.

If you’re looking to minimize expenses in your portfolio, ETFs can offer a low-cost alternative to your mutual fund holdings.

Timber has long been the perfect inflation hedge. With inflation fears roiling markets, these three timber stocks should do the trick.

Visiting the beautiful little city of Boulder, Colorado recently, my wife and I stumbled on an extravagant little house.

What do you do when a stock changes character? Specifically, how do you handle it when a stock you’ve known as a growth stock may have turned into an income stock?

As for the market, it was definitely a constructive week, with both the S&P 500 and Nasdaq leaping more than 10% in just four days. At yesterday’s peak, both major indexes had recouped just about half of their crash declines.

With the market down more than 30% since it peaked a month ago, it’s worth reviewing the reasons for the quick crash.

My investment strategy is to use a thematic approach, which allows me to invest in stocks much earlier than institutional investors.

At the beginning of the year, I wrote an Investment of the Week focused on possible trends for 2012 (read the whole issue here). One of the sectors that looked promising at the time was housing. I wrote, “Stocks of companies that are finding success in the new, smaller...

It’s been a low-volume but fruitful week for the market, with the S&P 500 (up about 0.8% on the week) and Nasdaq (up around 2%) both hitting all-time highs, along with a handful of other indexes.

The major indexes have had another quiet week, with the S&P 500 up a smidge for the week as we write this, while the Nasdaq is up around 0.8%.

We have seen some improvement in the evidence during the past couple of weeks, which is encouraging. But we can’t say the stars are all aligned either. Thus, you should just take it as it comes—right now, we advise a defensive stance, though if the intermediate-term trend turns up, we’ll slowly come off the sideline and see if the rally gains traction.

In this week’s video, Mike dives into the market’s wild action of late—he’s cautious, but is encouraged by the snapback late this week.