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$2.3 Trillion Spent On What? (plus, first signs of a pullback are hitting)

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JUNE 21 2023
 
   
JEFFRY TURNMIRE’S MARKET MONSTER
$2.3 Trillion Spent On What? (no wonder inflation was so high)
 
 
 

The bills are tallied up and it turns out the U.S. spent a record $2.3 Trillion on logistics. Up a shocking 20%. No wonder things seem to cost so much!

Oh and that pullback Jeffry’s been warning about? Looks like it’s gotten started.

Plus, Jeffry covers today’s movers and does live analysis on SPX, SPY, QQQ, FDX, MARA and other potential plays for today.
JEFFRY TURNMIRE
Bitcoin: Going Mainstream Right Before Our Eyes
 

News headlines hit yesterday, announcing the launch of EDX Markets, a new crypto exchange backed by Citadel Securities, Fidelity, and Schwab. The exchange is designed to be a safer, faster, and more efficient way to trade cryptocurrencies, and it is only the latest sign of institutional interest in Bitcoin.

In recent months, there has been a flurry of activity in the Bitcoin space. Just last week, BlackRock, the world's largest asset manager, filed for its own Bitcoin ETF. And both PayPal and Square, two of the largest payment processors, have both announced plans to allow customers to buy and sell Bitcoin. Even Tesla, the electric car maker, has invested $1.5 billion in Bitcoin.

These moves by major organizations are a clear sign that Bitcoin is no longer a fringe investment. It is now being seen as a legitimate asset class, and it is gaining acceptance in the mainstream financial world.

Of course, there are still risks associated with Bitcoin. However, the long-term prospects for Bitcoin are very positive. The underlying technology, blockchain, is still in its early stages of development, and it has the potential to revolutionize many industries.

As Bitcoin becomes more mainstream, it is likely to become more stable. And as more people and businesses adopt Bitcoin, it’s only natural to believe its price will appreciate.

But if you’re interested in diversifying your portfolio with this digital asset, you don’t have to do the old “buy and hold”, as you wait for Bitcoin to appreciate in value.

Because I’ve discovered two repeating cycles that I’ve been playing over and over again:

1. The first is a repeating cycle that happens to Bitcoin approximately every 4 years… (and we’re in the middle of it right now)

2. And the second is a cycle that happens every single month. (yes, seriously every month)

As I said, I’ve been playing these two cycles successfully — but unlike some folks, I’m not hiding what I’ve discovered.

I’m going live this Friday, June 23rd @ 10am Eastern and you can join me by clicking here to reserve your spot.

— Jeffry Turnmire

P.S. I know a lot of folks are hesitant to get into Bitcoin because it used to require a crypto wallet.

But the strategy I’m using lets me sidestep all that and use just my regular brokerage account. Catch the replay here for all the details.
   
 

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