This is one of the worst January year opens for the market since I’ve began investing in June 2000, at the age of 16. As you’ll see below, it is my opinion that the markets have over-reacted to the FED’s policy this year and the market can bounce hard today.
Over the weekend, I read a lengthy and detailed analysis from a money manager who oversees over $200bn for a sovereign wealth fund; he believes gold is going to fall quickly this year into a bear market ($1,650 or lower), as rising rates will bring with them higher real yields.
I’m as close to being on margin as I’ve been since the FED’s parachute rescue plan in April 2020, when I buried every dime I had in stocks, since the FED mandated me to make a fortune.
Where I live, in the city of Tel Aviv, the cost of living was just ranked the highest in the world. Somehow, this relatively-small beach city, with its 500,000 residents, has become super-expensive in the past 22 years.
Just one year ago, Millennials and Gen-Z demographics were buying stocks left and right to the point that GME’s stock had to be halted and make national news.