I was born on 6 August 1956 in San Francisco, California to Janet and (the late) Richard Hovis.
I grew up in Santa Monica, California where I attended elementary, junior high school, and high school (graduating in 1974), in addition to involvement in sports and recreation (Little League +, the Boy’s Club ++). Further, it was in elementary school – St. Augustine’s By-the -Sea Parish School that I found, and made the choice to truly journey with God.
I attended Arizona State University from 1974 to 1977 – seeking to become an architect, however, I was not accepted, and, as such, I graduated with a Liberal Arts degree.
Upon graduation from Arizona State University, I attended Cal Poly San Luis Obispo and studied City and Regional Planning at the Master’s level. I successfully completed one (1) year in a two (2) year program – I did not complete the Master’s degree in City and Regional Planning – due to personal reasons.
I returned to Santa Monica where I started (October 1979) my career as graphic designer with Exxon Company, USA. I spent five years with Exxon Company, USA.
While working with Exxon Company, USA I was accepted into architectural school – Sci-Arc in Southern California, however, I did not attend preferring to stay with Exxon..
In 1982 I married Laura Flosi and in April 1983 we had our one and only child – Lauren Alain Hovis – a gift from God.
We moved to Phoenix, Arizona in 1984 from Los Angeles, where I went to work as a graphic designer with Kitchell CEM (from 1985 -1987).
From 1987 – 1995 I was an independent contractor, and a registered representative in mortgage finance, financial management, graphic design, and drafting.
Further, I attended the University of Phoenix and successfully obtained a Master’s in Business Administration (MBA) in 1982.
I was also a member of the Scottsdale Jaycees, where I became very involved in community events and projects.
In 1994, I accepted a cartography position with the Defense Mapping Agency in Reston, Virginia. As such, I relocated from Phoenix to Reston.
In 1998, I was accepted and worked as a Visual Information Officer with the Central Intelligence Agency. In 2002, I worked as a Support Officer until my retirement (due to a need for shoulder surgery) in September 2018.
Away from my Federal Government service, I have been involved in various organizations and activities in Northern Virginia.
In November of 2011, I married Rebecca Ouellette in Santa Monica, California. I reside in San Tan Valley, AZ with my two hamster - Jess and Timothy, our fish, our lizard - RJ Lizard., and our cats - Pearl and Grey.
As to hobbies, I enjoy playing sports, attending sporting events, mentoring individuals from financial management to hamsters, building models, photography, travel, multimedia design, managing partner for RJ Hamster, and jazz – smooth jazz to a samba or a bossa nova.
Love and God Bless,
Peter – aka RJ Hamster Jo hi
Delivering World-Class Financial Research Since 1999
The market breaks its long-term uptrend… Entering ‘no man’s land’… 45% of stocks are still holding up… That’s good news, bad news… Preparing for a ‘bear market breakpoint’… The trouble with cyclical stocks…
For much of today, it was more of the same for the market…
And unless you own energy stocks, that’s probably bad news for your portfolio.
Oil prices were higher. U.S. stocks were a little lower, and the energy sector of the S&P 500 Index was the biggest gainer…
The State Street Energy Select Sector SPDR Fund (XLE) is now up 33% for the year, far outpacing any other sector. Utilities are the next-best performer at 8%, and consumer staples at almost 6% after that. The S&P 500 is now down almost 4% for the year.
Late this afternoon, Israeli Prime Minister Benjamin Netanyahu declared that Iran is now incapable of enriching uranium, said Israel was helping the U.S. open the Strait of Hormuz, and predicted that the war could end sooner than people think.
His words appeared to briefly lower oil prices and juice stocks in the final hour of trading, but the indexes still mostly finished slightly lower.
The war has damaged energy infrastructure in Iran and other Persian Gulf nations. Capacity can’t bounce back overnight even if the U.S. and Israel are about to unlock oil and gas shipments through the strait. This means energy prices are staying elevated for now.
For the first time since last spring and the rebound from the Liberation Day panic, the S&P 500 today traded below its 200-day moving average (200-DMA). That’s the simple technical measure of its long-term trend.
Things have been heading this way for a bit, with the S&P 500 first falling below its shorter-term 50-day moving average last month…
It’s a similar story for the Nasdaq Composite Index and Dow Jones Industrial Average. Only the small-cap Russell 2000 Index remains above its 200-DMA, and barely.
This action doesn’t guarantee anything about future market direction. But as we’ve written about before, it is a signal about the general trend in the market and a good first look at strength or weakness.
Traders like our colleagues Greg Diamond and Chris Igou frequently write about the utility of moving averages. For example, Chris wrote last May in DailyWealth Trader that as the S&P 500 broke back above its 200-DMA, it signaled a new bull run beginning…
The 200-DMA is the trend. So if it’s rising, we know the trend is up and we’ll want to own the overall market.
Second, the 200-DMA can act as “resistance” or “support” for price movements. It’s “resistance” when a stock rises up to it from below but then turns lower and starts a new downturn.
However, if the stock breaks through that resistance, the trend line typically becomes support.
Chris was right. The S&P 500 gained about 18% from when he wrote that on May 15through late January, when the U.S. benchmark index made its most recent all-time high.
Now we’re looking at U.S. stocks breaking through ‘support’…
One day does not make a trend, but things have already been heading this way for a bit.
Our colleague Mike Barrett wrote in Februaryin Select Value Opportunities that the “market downturn is just beginning.” And he updated his subscribers on March 4, using the 200-DMA as an indicator…
In a healthy market, [the S&P 500 and Nasdaq 100] trade above their 200-DMA trend lines. (Note: The daily price action moves faster than the slope of the 200-DMA. So this indicator helps us keep track of how the price action is trending.)
When the Nasdaq 100 reached an all-time high of 26,182 on October 29, 2025, it was 19% above its 200-DMA (22,019). The S&P 500 reached an all-time high of 7,002 on January 28, and was 9% above its 200-DMA (6,413) at the time.
Both indexes are now pushing downward. They’re also converging on these all-important trend lines… As of last Friday, the Nasdaq 100 was just 4% above its 200-DMA. And the S&P 500 was within 5% of its 200-DMA. We expect both indexes to continue falling toward their respective 200-DMAs.
Keep in mind that these trend lines often mark technical support – a kind of price “floor.” And it’s likely that investors would resume buying stocks as the major indexes test their 200-DMAs. Look for this to occur later in March or in April.
And as we wrote just on Monday…
As of today, the benchmark index is only 4% away from a new record high, and is trading about 1% above its longer-term, 200-day moving average. This could be a good sign (if the technical support level holds), or a warning sign of more downside.
With the S&P 500 today below its long-term moving average, our concern is raised. Barring a quick snap higher in the next few days, this means the U.S. benchmark index will be in “no man’s land,” without a clear technical support level. That’s not a great place to be.
There is room for more downside ahead…
Several indicators are worth following… I (Corey McLaughlin) especially like to track the number of individual stocks in the S&P 500 or the entire New York Stock Exchange that are trading above their 200-DMA.
This gives us a good look at market “breadth” or health, essentially the number of stocks trending up versus down. This indicator offers a window into what could happen next in the market. And I find it especially useful when thinking about significant market tops or bottoms.
It’s simple, really… When the market is flagging (like right now), I want to see more stocks below their long-term trend. If more are still above their 200-DMAs, it means more stocks still have room to fall.
Today, around 45% of S&P 500 stocks are above their 200-DMAs. That’s good news, bad news…
During major downturns, market bottoms typically coincide with much lower readings, like closer to 15% last April and during the bear market bottom in 2022… Even fewer stocks were above their 200-DMAs during the COVID-19 panic bottom in 2020.
We used this indicator to mark that bottom nearly to the day.
But we’re not saying this is a major downturn right now. Yes, there’s a lot of uncertainty around the war in Iran right now. That has been the trigger for the drawdown so far. And as we write, the resolution to the immediate conflict is as uncertain as it was a week ago.
However, plenty of times, stocks have turned around at breadth readings around this level.
Plus, the S&P 500 is only 6% off from its all-time high. A garden-variety “correction” in the market – without a recession – requires a drop of at least 10%.
So at the very least, be prepared for some more downside ahead… before things ultimately get better.
We’re not the only ones thinking this…
Today, Ten Stock Trader editor Greg Diamond recommended a pair of bearish trades on U.S. stocks to his subscribers. As he noted, “Stocks can’t find a bid and ‘support’ is breaking across the board.”
Existing Ten Stock Trader subscribers and Stansberry Alliance members can get caught up on Greg’s trade updates today here, plus his look at the potential path ahead for U.S. stocks here.
Our friend Marc Chaikin – the Wall Street legend and founder of our corporate affiliate Chaikin Analytics – is also concerned right now. He has been telling his subscribers to prepare for a “bear market breakpoint.”
Folks, 2026 is a midterm-election year. It’s “Year 2” of the four-year presidential cycle.
And recent history shows that the second year of the election cycle tends to be rough for investors…
In short, the stock market posted an average decline of roughly 2% during the past six “Year 2s” of the cycle. In other words, if you owned the S&P 500 in 2002, 2006, 2010, 2014, 2018, and 2022… you lost an average of about 2% in those years.
Looking further back over 17 election cycles going back to the 1950s, there’s a 70% probability of a correction of 10% or greater in a midterm year. That’s 12 out of those 17 cycles.
Even worse, the average intra-year drawdown in midterm election years since the 1950s is 18%.
The turmoil in the Middle East has only added to this “correction risk,” Marc says.
Back in October at our annual Stansberry Research conference in Las Vegas, Marc predicted trouble in stocks this year. Sure enough, now he says the market is reaching a critical pivot point. As Marc is saying…
For months, I’ve warned that 2026 could be the Year of the Bear. Just days from now, the most dangerous period for stocks in recent memory will begin.
He’s going to be talking about this more to a wider audience next week. On Wednesday, March 25 at 8 p.m. Eastern time, Marc is going live with a free presentation with the details. This includes his No. 1 step to protect your wealth for what he sees coming ahead.
“AI: Boom or bust?” remains a question we continue to track along with the war-driven volatility in the market.
Yesterday after market close, memory-chip giant Micron Technology (MU) reported its results for the fiscal second quarter. And like other chipmakers in the AI space, Micron saw a huge boom in its business…
Revenue nearly tripled to $24 billion from the same quarter a year ago, setting a new quarterly record for the company. And Micron expects revenue to more than triple year over year to $33.5 billion in the third quarter.
The story is the same with the company’s earnings. Net income surged more than 700% to $13.8 billion in the second quarter. The reason is simple… There aren’t enough memory chips to fuel the high demand for AI.
Semiconductors are a critical part of the AI growth story and supply chain. And as our colleague Sean Michael Cummings explained in a DailyWealth essay in December, AI companies have rushed out to secure supplies for memory chips for their data centers.
But in doing so, they’ve overwhelmed the chipmakers. From Sean…
This October, OpenAI announced a partnership with Samsung and SK Hynix, the two largest memory suppliers in the world. The deal gives OpenAI access to 900,000 DRAM wafers a month over the next four years. That’s up to 40% of monthly global DRAM production.
And that has pushed prices higher – fueling both sales and earnings growth for Micron. CEO Sanjay Mehrotra highlighted both strong demand and tight supply across the entire memory industry as the two driving factors for the strong quarter.
Despite the glowing report from Micron, though, the stock fell today after the release – closing down 3.8%.
Nothing from the report stood out as a red flag. But after the stock has more than quadrupled over the past 12 months, investors likely locked in some profits on their positions.
It’s still up big this year, though. And unlike most of the largest stocks in the U.S. market, still up this year.
But buyer beware, says Whitney Tilson…
Regular readers recognize Whitney as the editor of our Stansberry’s Investment Advisory newsletter. In the January 22 edition of his free daily e-letter, Whitney named Micron and its Korean counterpart SK Hynix (000660.KS) as two “cyclical” stocks to avoid.
Cyclical businesses’ performance usually heavily depends on the economic cycle. They’re especially prone to boom during expansion and bust during recessions.
As Whitney explained, Micron and SK Hynix have seen huge run-ups over the past 12 months after going almost nowhere for a decade before that. Micron has soared more than 300%, while SK Hynix shares have increased nearly 400% over the same period.
The stocks still appear cheap today. From Whitney…
But even after its huge run-up, Micron trades at only 11.7 times this year’s consensus analysts’ earnings estimates and 9.2 times next year’s. The same figures for SK Hynix are an even lower 7 times and 5.9 times, respectively.
How is this possible? Simple: Earnings – and future earnings estimates – have risen even faster than their stock prices.
That’s all well and good in boom times. And Wall Street expects that to continue as the AI growth story rolls on. So the stock still looks cheap today on an earnings basis. But Whitney warned that this could be a trap for investors looking to establish a position today, especially if you’re wary about AI growth moving ahead.
More from Whitney…
My main point was that the worst time to invest in a cyclical stock is when it looks the cheapest – aka when its price-to-earnings (P/E) multiple is the lowest. That’s when earnings may be at a cyclical peak and about to collapse…
We may not be there just yet. Companies are still going to spend plenty of money on AI in the coming months. But if they pull back, Micron’s earnings and future earnings estimates will drop off – making the stock’s valuation a lot more expensive.
That’s as good a reason as any to stay on the sidelines instead of trying to chase the memory-chip boom higher right now. That’s not to say Micron isn’t an industry leader, but you want to remember where we are in the business cycle, too.
As Whitney also wrote…
While I’m a big believer in AI (as I’ve discussed in many previous e-mails), I’m very concerned that AI spending is in a bubble (as I’ll discuss in upcoming e-mails). And if there’s a pullback, two of the first companies – and stocks – to get whacked will be Micron and SK Hynix.
To be clear, I would never short these stocks – they could both easily double again in no time. But I wouldn’t buy them here, as there’s too high a risk that they’ve been caught up in a bubble that could burst at any moment.
With that in mind, Whitney doesn’t recommend selling out of your shares of Micron or SK Hynix if you’re sitting on big gains. He does recommend “letting your winners run,” but also having a series of stop losses so you don’t lose all your gains if the stock begins to turn lower.
That’s wise advice for any of your portfolio holdings today.
Wall Street legend Marc Chaikin accurately predicted the crashes in 2020 and 2022. Now, on March 25, he’s stepping forward with an urgent update and timeline on the next bear market. He’ll show you exactly what’s coming… and tell you the EXACT DAY to move your money to prepare for a period of extreme pain, uncertainty, and loss. Learn more here.
Wall Street legends Jim Rogers, Eric Sprott, and David Bateman are going “all in” on silver – and Sprott believes it could go as much as 10 times higher. But according to the man who called silver’s past three big breakouts… President Donald Trump’s “smoking gun” could be the key factor that sends silver skyrocketing. This investment (less than $50) could be the best way to see huge returns from silver’s next move higher.
New 52-week highs (as of 3/18/26): BP (BP), Chord Energy (CHRD), Ciena (CIEN), Simplify Managed Futures Strategy Fund (CTA), Coterra Energy (CTRA), Chevron (CVX), EOG Resources (EOG), Equinor (EQNR), Liberty Energy (LBRT), Cheniere Energy (LNG), Magnolia Oil & Gas (MGY), Marathon Petroleum (MPC), USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI), and Valero Energy (VLO).
In today’s mailbag, feedback on a piece of mail from yesterday… Do you have a comment or question? As always, e-mail us your comments and questions at feedback@stansberryresearch.com.
“Bravo to subscriber R.T., and I think also we should have a moment of silence for Country Joe.” – Subscriber Sherwin R.
All the best,
Corey McLaughlin and Nick Koziol Baltimore, Maryland March 19, 2026
Stansberry Research Top 10 Open Recommendations
Top 10 highest-returning open stock positions across all Stansberry Research portfolios. Returns represent the total return from the initial recommendation.InvestmentBuy DateReturnPublicationMSFT Microsoft11/11/101,331.1%Retirement MillionaireMSFT Microsoft02/10/121,264.3%Stansberry’s Investment AdvisoryADP Automatic Data Processing10/09/08807.2%Extreme ValueBRK.B Berkshire Hathaway04/01/09776.0%Retirement MillionaireSII Sprott01/11/18679.5%Extreme ValueCIEN Ciena10/20/22666.0%Stansberry Innovations ReportGOOGL Alphabet12/15/16658.7%Retirement MillionaireWRB W.R. Berkley03/15/12625.1%Stansberry’s Investment AdvisoryALS-T Altius Minerals03/26/09554.9%Extreme ValueHSY Hershey12/07/07549.6%Stansberry’s Investment Advisory
Please note: Securities appearing in the Top 10 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the model portfolio of any Stansberry Research publication. The buy date reflects when the editor recommended the investment in the listed publication, and the return shows its performance since that date. To learn if a security is still a recommended buy today, you must be a subscriber to that publication and refer to the most recent portfolio.
Top 10 Totals3Extreme ValueFerris3Retirement MillionaireDoc3Stansberry’s Investment AdvisoryPorter1Stansberry Innovations ReportEngel
Top 5 Crypto Capital Open Recommendations
Top 5 highest-returning open positions in the Crypto Capitalmodel portfolioInvestmentBuy DateReturnPublicationWSTETH/USD Wrapped Staked Ethereum12/07/181,805.0%Crypto CapitalBTC/USD Bitcoin11/27/181,795.9%Crypto CapitalONE/USD Harmony12/16/191,011.6%Crypto CapitalPOL/USD Polygon02/26/21642.5%Crypto CapitalQRL/USD Quantum Resistant Ledger01/19/21567.4%Crypto Capital
Please note: Securities appearing in the Top 5 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the Crypto Capital model portfolio. The buy date reflects when the recommendation was made, and the return shows its performance since that date. To learn if it’s still a recommended buy today, you must be a subscriber and refer to the most recent portfolio.
^ These gains occurred with a partial position in the respective stocks. * Editor Dave Lashmet closed the first leg of this Nvidia position in November 2016 for a gain of about 108%. Then, he closed the second leg in July 2020 for a 777% return. And finally, in May 2022, he booked a 1,466% return on the final leg. Subscribers who followed his advice on Nvidia could’ve recorded a total weighted average gain of more than 600%.
Stansberry Research Crypto Hall of Fame
Top 5 highest-returning closed positions in the Crypto Capitalmodel portfolioInvestmentDurationGainAnalystBand Protocol (BAND)0.31 years1,169%Crypto CapitalTerra (LUNA)0.41 years1,166%Crypto CapitalPolymesh (POLYX)3.84 years1,157%Crypto CapitalFrontier (FRONT)0.09 years979%Crypto CapitalBinance Coin (BNB)1.78 years963%Crypto Capital
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Any brokers mentioned constitute a partial list of available brokers and is for your information only. Stansberry Research does not recommend or endorse any brokers, dealers, or investment advisors.
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This work is based on SEC filings, current events, interviews, corporate press releases, and what we’ve learned as financial journalists. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility.
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One Minute With GodGod Starts and Finishes your Day with Love Evening Bible ReadingGENESIS 7:1-10, 17-23
Then the LORD said to Noah, “Go into the ark, you and all your household, for I have seen that you alone are righteous before me in this generation. Take with you seven pairs of all clean animals, the male and its mate; and a pair of the animals that are not clean, the male and its mate; and seven pairs of the birds of the air also, male and female, to keep their kind alive on the face of all the earth. For in seven days I will send rain on the earth for forty days and…
The Definitive Guide to the Valley’s Best DiningThe wait is officially over. Our food writers have scoured the Valley, narrowing the field to the absolute best of the best: The Phoenix New Times Top 50 Restaurants.
This isn’t just a list; it’s a snapshot of Phoenix’s evolving culinary identity. From refined special-occasion destinations and high-end newcomers to the “can’t-live-without” neighborhood gems and standout counter-service spots, these 50 picks represent the gold standard of flavor, ambiance, and service in Arizona.
In a city overflowing with talent, we spotlighted the places that define how we eat right now. Whether you’re looking for a bold new taste or a comforting classic, this curated list is your roadmap to the most exceptional dining experiences the city has to offer.
Welcome to the March editorial edition of the Best of Phoenix newsletter. While the Best of Phoenix winners were announced in September 2025, we want to make sure you are informed year-round.
Once a month, we’ll share our editorial coverage spotlighting a curated mix of stories about standout restaurants and cultural gems to can’t-miss events and the people who make this city unique. Think of it as your insider’s guide to what makes Phoenix, Phoenix.
Subscribe to our latest newsletter: Phoenix Food Alerts
Phoenix food alerts deliver the hottest and most delicious food news straight to your inbox, live as it happens. Delivered multiple times per week, or daily as needed.
Love New Times? Thanks to a recent Google update, you can now select us as a preferred source to see our stories first in search results. Thank you in advance for your ongoing support of local journalism.