Stock Market Wealth

For tens of thousands of years, a third of our time on this planet has been spent performing a behavior that largely remains a mystery.

To go to the moon and back, a manned spacecraft travels 768,000KM – it’s a big mission, which takes 3-5 days each way. The Saturn 5 rocket, for example, is a 36-story tower, which attempts to get the astronauts and their equipment into outer space.

THIS is the Financial Stability Report that the Federal Reserve Bank compiles and releases. Twice a year, in May and again in November, the FED takes a bird’s-eye view of the economy and where the major risks are to be observed. The report is lengthy; this one is 85-pages long, so I want to summarize the keys to its message, because it’s unique.

When I was just sixteen, in the year 2000, I babysat for a family in which the father was involved in Lucent Technologies, a hi-tech telecommunications company. I saw it as an IT Giant, worth hundreds of billions of dollars back then, and it purchased his startup for the sum of $4.5bn, without there being a finished product!

I competed in a bicycle event that was separated into age groups. As I prepared for my race, the teens were pedaling as fast as they could and this one 15-year-old was really pummeling the field, leading by miles.

One night, when my mother went out with my dad, and my brother and I were left with a babysitter, I had told my folks that I’d invite some friends over and my parents agreed.

I remember my dad playing hide-and-seek with us when my brothers and I were kids, and he would sometimes make scary noises from his hideout, which terrified us.

Tomorrow, Wednesday, will be a huge day for markets. In fact, Wealth Research Group argues that many of the major asset classes, including the three biggest ones, could either peak or bottom, all following tomorrow’s announcement.

From Milano, the drive to Breuil-Cervinia, the picturesque Alpine village at the foothills of the Matterhorn, is majestic, and my wife and I knew that it would be worth the 3-hr ordeal. Our plan was to wake up early and head out by 6:30 AM, so that we could park the rental at 10:00 AM and start hiking towards the peak.

In January 2021, we issued a Watch List, which contained Jamf Holdings (JAMF) and the company just clinched a new all-time high!