Markets Weekly September 7, 2024

[@davisbox7329]

In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Loraine Souvenir's valuable insights and daily trade signals, coupled with my commitment to continuous learning, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!

[@bazsmith5912]

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[@kennethbennett59]

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[@williamcortes3348]

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[@khaledalsharif2267]

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[@tonynguyen4112]

Nice to see this here. A lot of folks downplay the role of advisors until they’re burned by their own emotions-no offense. I remember last year, I needed a good boost to help my business stay afloat, so I researched licensed advisors and thankfully came across Loraine. She’s helped grow my reserve, despite inflation, from $152k to nearly a 7-figure sum as of today..Her insights and daily siignals are worth following.

[@LeaguerTexas]

Another great update. Thank you for putting these out each week. It’s nice to hear a level headed take on the market.

[@mb-vj2lr]

Thanks for another great update. I specifically appreciate the explanation of the proposed US sovereign wealth fund.

[@faitavecamour17]

I’m always looking forward to a Saturday morning because of the Market Weekly update. Thank you! 😊

[@CyanScythe]

Another insightful update Joseph! Regarding the Sovereign Wealth Fund, I know it's discussed in this video as the federal gov needs to raise money for the fund, but they actually already have a specially book-kept wealth fund set aside in the form of the social security trust fund. IIRC, it has about $1t remaining and is currently invested in "special purpose" government bonds, which don't trade openly, but rather are funded through the general budget through redemptions. I've been arguing for years that a way to fix Social Security's shortfall is to convert it from the current special purpose bonds yielding ~3% on average into a broadly invested sovereign wealth fund. It would take an act of congress, as currently the Social Security Act requires excess funds be invested in these special purpose bonds, but if the creation of a sovereign wealth fund already involves an act of congress, then it could be a multi-purpose legislation for putting Social Security on a path to to sustainability given the revenue shortfalls that exist currently. It's the only path forward for Social Security without cutting benefits, raising taxes, or funding deficits from the general budget. (Although that last option defacto occurs already with the special bond redemptions to cover existing shortfalls).

[@Fedguy12]

That is possible, but also note they could make bad investments and end up losing a lot of money!

[@chrisp9466]

Joseph, my friend 😊! Thank you very much for yet another weekly banger! Much love and respect❤

[@andrewstewart7425]

Love the weekly updates!

[@pp-8829]

00:06 US Labor Market is showing signs of deceleration 02:16 Hiring tensions are lowest ever, but firing intentions for tech show signs of white collar recession. 04:31 Labor market data indicates potential economic slowdown 06:48 Canada and Australia both facing challenges from migration, resource extraction and inflation 09:04 Canada and Australia's differing inflation rates due to interest rates and supply chain differences 11:13 Countries with surplus oil revenue invest in Sovereign wealth funds for future security 13:18 Sovereign wealth fund to invest strategically in resources and technology. 15:28 Concerns about circumventing Congress with a Sovereign wealth fund Crafted by Merlin AI.

[@Anon-nd1ek]

Was looking forward to this. Thanks Joseph! Time for me to touch grass and come back October.

[@jonathanlee5185]

👍Thanks. Your explanation of the proposed US sovereign wealth fund is very clear👍

[@yr6178]

Thank you Joseph. Much appreciated.

[@2023Red]

another great video Joseph

[@tyc00n]

every Sunday: Hello my friends! from Australia

[@GarrettGoodenough]

Yes finally an AUS update for us down under viewers 🎉

[@manivang9792]

Great 👍 information as always

[@masonsteed7835]

Michael Howell has been saying markets will climb the wall of worry. I think thats spot on. Unemployment is the current worry. If the market gets scared it could price this outcome. The question is if that worst case scenario came true what are the consequences and reactions?

[@JohnInvest17]

Watching from Australia. Thank you for covering Australia in this video. When do you see us cutting rates?

[@baarbacoa]

A sovereign wealth fund would also compete with private investors for assets. So you'd end up worth a de-facto transfer of assets from the private sector to the Federal government.

[@petergozinya6122]

Thank you Joseph

[@billmuscroft4044]

Can you do a deeper explanation of Professor Hanke’s ideas that there is a strong link with a 2 to 3 year lag between M2 money creation and the inflation rate. What are the pros and cons of this theorem as the Fed seems little interested in the level of M2 money creation growth.

[@F_C...]

I'm increasingly convinced that we will look back at the 2020s as the lost decade.

[@AllNighterHeider]

Thanks JW

[@Jeff__M]

Thank you good sir!!

[@gmil2573]

ZIRP is inevitable. The real question is the probability of a negative fed funds rate? Will J Powell hold strong to block this?

[@latorregolf]

Printing USDs to buy BTC or gold makes total sense. Especially BTC which is finite. There is an infinite amount of USDs. While the world still accepts USDs as the reserve currency it makes sense to scoop up scarce assets.

[@i.p2088]

Also finite amount of gold.. Iron.. Air..

[@emmeadowmitbbs3537]

If we assume that people in other countries are not dumb, then doing this will quickly destroy the dollar. Right?

[@k98killer]

I wonder how much more unwinding of the Yen carry trade will take place and whether or not that is the driving force behind the past week of stock market movements.

[@clinttube]

Yea people had said several weeks ago "oh looks like that's done now" - it most definitely does not. Maybe somebody's idea of "the" yen carry trade, but in reality there's dozens or more of trades, some of which couldn't have gotten out my now if they tried. Namely China-based ones. Curious how offshore-onshore yuan ratio seems to telegraph

[@annabellepeng2994]

Yield curve un-inverted, do you think the recession is coming? Thanks!

[@The_Laid_Off_Life]

We have been living roaring '20's......... let's see how things go :-) Big money can be made and ultimately people that are not debt strapped be ready for some deals :-)

[@SaintThomasofAcre]

thank you

[@Del_987]

Unrounded, unemployment fell 0.03%. Basically flat.

[@mlc040709]

15:49 😂😂..😭

[@无声四季]

Well，even establishing a sovereign fund, they must create procedures as to how to govern the investing and spending of the fund. Basically, I think it is bluff.

[@wakenupforbreakfasttoday]

Why do we keep talking about recessions? Doesn’t it seem that the economy is doing really well? Does reverse hysteresis have anything to do with this? It seems that the system has changed and our old ways of analyzing the economy are less robust

[@ipeteagles]

lol

[@nathanlieu6840]

Just going revise all this data.

[@DesmondMiles333]

US can never have sovereign wealth fund. It's that simple. US deficits is the feature of global economy so where in the world would they have excess capital to do so. One other way to do it take control of Mag 7 and say we will decide where you invest money and allocate the resources but then isn't it already happening. 🤣

[@DanielAnderson23-c7z]

Your point of view makes sense. The U.S. fiscal deficit is indeed an important feature of the global economy, and the establishment of sovereign wealth funds is closely related to the availability of funds. Although the United States does not have sovereign wealth funds similar to other countries, its Influence in the global economy manifests itself in many ways, including control of large businesses and the allocation of resources. However, decisions about investment and resource allocation are often complex and multi-layered, involving multiple economic factors and policy considerations.

[@NavjotSinghpatiala]

Goood

[@gdoteof]

Strong disagree on reasoning here. The "we already do that" argument also applies to executives influencing politics and to mind boggling amounts being spent outside purview of congress by e.g. pentagon year after year, when their audits are "full of irregularities". A soverign wealth fund allows real assets to be accumulated with paper; allowing the US to eventually service its mounting debt without reducing spending or raising taxes. Seems like a natural evolution of the devaluation of currency. At first its gold and paper backed by gold. Then they confiscated the gold. Then its paper, by backed an economy. Next, selling treasuries to buy assets in the real economy feels like a spiritual continuation and therefore inevitable.

[@rising_crust]

First like!

[@chired6851]

3 things!

[@florianewu7256]

So sad, to see that both candidates just want to increase spending like drunken sailors… Pathetic situation…

[@Farmwald853]

It's been quite a pump. But you know, with crypto, the big question is always when to take profits. What are your thoughts on that? I've been holding $250k worth of crypto since 2021 and seen it pump n dump

[@SteveKalfman-yv7co]

its not late to consider financial planning, never can tell what the future holds

[@Fahima9Tazin]

I've been keeping an eye on the charts, and it does look like a major breakout. The real challenge is predicting when this pump will end. Timing the market can be tricky.

[@SallyW414]

Right, when it comes to situations like this, it's ideal to engage in various options using an advisor, and I can attest to success of the basket approach seeing my portfolio grow from $350k to almost $1m in barely 3 years, by far my best financial milestone.

[@jonathanolulu1948]

think you could suggest any professional/advisors i can get on the phone with?

[@SallyW414]

Vivian Jean Wilhelm is her name. She is regarded as a genius in her area and works for Empower Financial Services

[@TEM1]

No

[@InfinityIsland2203]

Australia still has high inflation caused by out of control mass intake of low skill unproductive migrants, government allowing foreign companies loot our resources and sell our own gas back to us for high price so energy with fuel is most expensive here in the world. Also, rent prices are skyrocketing as there is nowhere left to live and our streets are filling up with homeless people.

[@josephwong604]

Joseph, even if you believe in the numbers, they are likely to be revised, and of you go into the weeds if the report, we are actually loosing full time jobs, and the only reason why we have a positive number is that the gain of part time job out weight the loss of full time job. However, full-time jobs benefits the economy more than part-time jobs. With that, I think the weighted job creation number can be negative. Do you think so?