No Place for Weak Hands

On July 2^nd, I landed at Los Angeles International airport (LAX) for a one-month stay in the United States.

When you land in America, coming from anywhere else, you feel it… you sense the force and might of this powerhouse.

It is not within the scope of this particular publication to discuss the treasures of the United States and why it is in the best natural position to keep leading the world, but when I left LAX a week ago and headed back to my neck of the woods, I did so with a firm belief that only Americans are really capable or ruining what they’ve got in their hands: the golden goose of humanity.

I don’t think they will, but they sure as hell are trying to…

Recession indicators like the Sahm Rule don’t bother me… I am always bullish on the U.S. economy, because I listen to several CEOs every 90 days, discussing their dedication and devotion to over-delivering for their customers.

When you hear the enthusiasm in their voice and see the fire in their eyes and know they are leading tens of thousands of employees, which sprinkle that motivation onto small-and-midsize businesses, you understand why America works.

But from time to time, even F-35 jets feel a delicate bump in the wing or experience some turbulence. We’re going through rough air at the moment, but not anything that would cause the pilot to eject.

On July 10^th, a couple of days after my 40^th birthday, I was already in Las Vegas. In the morning, I drove a Ferrari, a Porsche, and a Corvette on a racetrack and came back to the Strip to watch Team USA playing against Team Canada.

The United States is the land of infinite opportunities, and you should remember that every time you’re asked to defend your values and Constitution.

Those who glance over it and brush it aside are derelict to the historical significance of forming the only true system of government that doesn’t openly work to oppress its population.

Now, let’s look at the economic data that has everyone concerned:

The BLS reported that in July the economy grew by just 114K payrolls, a meaningful miss. The consensus was of 175K, which represents the slowest hiring since December 2020.

Courtesy: Zerohedge.com

As I said, I just came back from one month in America I can tell you that the national parks were packed, the restaurants were full, and the streets were busy.

Some businesses told me that they are still short-staffed, and others couldn’t handle the inflow of customers coming through the door.

Not everything is rosy, but keep in mind that hiring has slowed because the FED has basically used the handbrake on the Ferrari they’re driving, since the exotic car was too fast for its own good.

As they release the handbrake and cut interest rates, it won’t take long to remember that we’re still talking about a Ferrari.

Buy the dip.

Best Regards,

Lior Gantz
President, WealthResearchGroup.com