Friends,
Today's CPI report not only shows that the cost of goods and services have increased since last month, at 6.6%, costs are higher now than ever - exceeding the previous high of 6.5% in March - 5 months ago!
This is undeniable proof that inflation is increasing, and the Federal Reserve must aggressively raise rates to stop the advance.
Unfortunately, the necessary action will likely drive us into a recession sooner than the 9-month (end of 2nd Qtr 2023) timeline I've been planning on and referencing over the last several Market & Economic audio-emails.
Robert

Friends,
Most people aren’t aware why Shanghai continues to experience COVID outbreaks, apartment buildings are welded shut, entire city blocks are fenced – trapping residents, 1/3 to 2/3 of the Port of Shanghai is habitually closed, the significance of 16 October and the event which could potentially flood supply chains with goods and materials thereby triggering an End of Year Market rally.
After listening, you’ll know…

Stay Safe, Sane, and Dry
Robert

Friends,
This is going to be an interesting week as three forces collide: It's the End of the Month AND the End of the Quarter which means it's "Put Lipstick on the Pig" as Fund Managers scramble to “pretty up” their portfolios and squeeze some gain to show investors.
They are swimming against the whirlpool dragging stock prices down as the Market wakes up to the fact that Chairman Powell has been telling us the Truth - The Federal Reserve will continue to raise rates, destroy the Market and drive the Economy into a Recession - whatever it takes to kill Inflation.

Oh, and we haven't stepped into October yet - just wait for the surprise I have for you
Halloween is coming early this year!
Robert

Friends,
Yes, today at 2:30Pm EST, the Federal Reserve announces the next Fed Fund Rate hike – Blah, Blah Blah…
Don't pay attention to any of it. The focus that we and every other investment manager will be lasered on will be the possibility of a rate increases in October, November, and December.
Today I cover Market drivers and the temporary heights we expect the Market to climb to before heading South.
I share the Lagging & Leading Economic Indicators we’ve been watching which point to the Economic Recession sitting on the horizon.
Buckle up, we’re in for a bumpy ride.
Robert

Friends,
For weeks, the Federal Reserve has telegraphed their intent to battle inflation by raising rates - regardless of the bloodbath it created.
I've expressed this in previous audios and planned accordingly.
In this audio, I update you on your performance and how we will continue to profit from the inevitable Recession (IMO - 2nd Quarter 2023) and Market decline.
Robert

Friends,
Recently, a handful of misguided souls challenged my pronouncement that, "we would not enter a recession in 2022"
They have been schooled.
Now, I'll share with you the factors that go into determining a recession and REALLY what you should be concerned with...

HINT... It's not a recession 9which will occur but not until mid-2023)
Robert

Friends,
For years, Walgreens languished under the heavy debt and missed opportunity under the leadership of a visionless CEO. Last year, a new CEO with vision and determination took over the helm. The progress is slow but steady and our investment will bear this out over time.
Robert

Friends,
First - In my head, I had the correct coverage but my mouth went in a different direction. Verizon covers 200 million people - not 20 million. This investment is an example of the importance of a process in determining the viability of an investment.
Robert

Friends,
Usually, our "Spotlight" is on a position we are invested in. Today's "Spotlight" is a bit premature. On Friday, GOOGLE will issue a 20:1 split - dropping the stock price from it's current $2,200/$2,400 per share level to an accessible $100+ level. We will take advantage of the lower "Entrance Fee" and initiate a position.
Robert

Friends,
This week is a trifecta of Economic fun! We have the Consumer Price Index (CPI) on Wednesday, the Producer Price Index (PPI) on Thursday and Thursday is the start of the Corporate Beauty Pageant - Earning Season. The Inflation Reports will be the focus of the Federal Reserve, who meet at the end of the month, and money managers will be focused on Corporate Earnings.
The next four weeks could be bumpy, strap in.
Robert