Dear Trader
Welcome to Trade Secrets, you would love the insights that Courtney is sending out.
Sometimes a video, like this one from the past: Trade Secrets: The End of FAANG Stocks Video,
or Why gold is dropping.
Sometimes it is in written form like:
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I did a live webinar last week going into even more detail about why I think there will be another monster bear move. You can watch the replay by clicking here now. (July 2020)
Michael Pento (pentoport.com) wrote an interesting article and points out the following:
Last month, the auto-loan and credit-card forbearance period ended
* On July 1, state and local government budget cuts kicked into high gear, as the $330 billion in aid already dispensed has been wasted
* Come July 15, the delayed federal income tax payments are due
* On July 31, the $260 billion in enhanced unemployment insurance expires
* September 30 sees the end of student loan forbearance
* August 31st marks the end of mortgage foreclosure forbearance
* The end of 2020 will mark the end of the Payroll Protection Program grace period, which will coincide with most of the $1.1 trillion already being exhausted
* The $290 billion in helicopter money ($1,200 per adult and $500 per child) given to households back in April will have been spent
Notice that a number of these bearish factors just kicked or will kick in before September.
My expected scenario is for the new bear leg to kick in in September but we must remain vigilant from now on.
Good trading,
Courtney Smith
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Welcome again... to our family. Now let's make some money.
Most Trade Secrets are in the afternoon. Courtney will send out announcements to make sure you are in the loop.
Warm regards,
David
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