Friends,
After two weeks of watching the value of the Market melt away (along with our account value), today's rally was an early Christmas gift.
Will it last? Nah... it's just the Season.
We'll take advantage of the next few days with the knowledge that, after 3 January, about the time the VISA bills begin to arrive, the music will fade, lights will be turned on and the party will end.

Until then, as the orchestra plays, grab your cocktail and join me on the deck under this beautiful night. Look... a floating block of ice! Hold your drink against it as I chill our drinks with scrapings from this floating cube :)
Stop being silly...there's no reason to worry or be afraid. of course, we're safe, we're unsinkable!

We're on the Titanic

Merry Christmas & Happy Holidays,
Robert

Friends,
Yesterday, I did mention that Chairman Powell's choice of words could trigger a Market Rally or Sell Off. Well, I was correct about the cause/effect correlation :) He certainly used very specific & aggressive words! Words like..."restrictive policy", "extremely tight labor market" (hint - a nice way of framing high unemployment) and these gems..."The Federal Reserve is NOT CLOSE to ending its anti-inflation campaign of interest rate increases" and "We will STAY THE COURSE until the job is done!".
These words have triggered a Market reaction but not the one we wanted.

I'll keep you posted as we get through this together.
Robert

Friends,
We’re on standby until 2PM today. That’s when the FOMC meeting adjourns, and Chairman Powell hits the podium to update us on the FOMC’s progress in their War on Inflation. It’s not the expected 50 basis point increase (1/2 %) that we care about, it will be the committee’s plan for future interest rate increases.
If we hear combinations like: “wait & watch”, “ pause & observe”, “we’re near neutral” or even “we're now at parity” then buckle up because these will trigger a buying frenzy and a Market rally!

If a rally occurs and lifts our position in the S&P 500 over 4100 and/or our holdings in Regions Bank to our purchase price (only a couple of dollars away), then I’m hitting the “SELL” button and stashing the Cash under the mattress for the rainy days we see on the horizon.

I’ll send an update after the Market closes (4PM).

Enjoy your day,
Robert

Friends,
Today starts a week full of data that Chairman Powell and Team Federal Reserve will use to gauge the effectiveness of their interest rate increases on lowering inflation. Lower inflation numbers could bring us the Red Rider BB Gun / Pony we want for Christmas. Higher numbers could bring us a bag of coal.
Today, I'll review which data the Federal Open Market Committee will use in their 14 December meeting and cover our strategy for the end of the year.
Robert

Friends,
This is a short week for the Market with low trading volume. Last week saw chaotic Market news which could carry into this week. Today's audio dishes up a small helping of Economic reality with a reminder of the numeric goals the Federal Reserve is committed to reaching and the effect this will eventually have on our Economy.
We know what is coming and have a plan of action which guides us and bolsters our resolve.
Robert

Friends,
Ignited by several sources, including a Consumer Price Index (CPI) report showing inflation was at 7.7% (Hell – this came in better than the “best case” 7.9% I predicted in the 10 NOV audio), last Thursday saw the Market rise +3%.

While we will follow the advice of the Edgar Winter Group and take the “Free Ride” - https://www.youtube.com/watch?v=sGB-8_cNgpk

We will also keep in mind the sage advice of The WHO and ‘Won’t Be Fooled Again” - https://www.youtube.com/watch?v=UDfAdHBtK_Q

We’ll let the Market raise positions to our “SELL” targets, cash in our chips and wait for the Recession (and Market fall) that Chairman Jerome Powell and his Federal Reserve Committee has stated that they are “committed to driving our economy into” to bring inflation down to their 2% target.

Buckle Up and Enjoy the Ride,
Robert

Friends,
Today's CPI report is the first of five reports the Federal Reserve will use to make their next Fed Fund Rate decision in December. If the CPI rate comes in lower than expected, it could trigger a rally pushing the Market (S&P 500) to 4,000+.
Regardless, our Economy will go into a Recession next year.
We are ready.

HAPPY BIRTHDAY to THE UNITED STATES MARINE CORPS
SEMPER FI!
Robert

Friends,
Today Chairman Powell will announce a Federal Fund Rate increase of .75 basis points (3/4 of 1%). This is a forgone conclusion. The focus of every Investor, Trader, Hedge Fund & Pension Manager, and every computer algorithm will be on the statements he makes after concerning future rate increases - both in frequency and level.
Buckle up...
Robert

Friends,
Now that AVEO has been sold to LG Chemical, let's walk through the final stages as the AVEO is terminated, LG Chemical buys our shares of AVEO, how and when we will receive payment and the potential tax consequences from selling our shares to LG Chemical.
Robert

Friends,
A hard Recession is on the horizon. I'll cover when, why it will occur, what to expect and how we'll get through it. I'm also covering the issues effecting the Markets daily.
Finally, we'll end with a little positivity about our little bio-tech investment - AVEO
(Hint - How does a CASH offer to BUY your shares sound?)
Robert