Last week, the S&P 500 hit its 15th straight record high this year. And when things get this good, you can’t help but wonder if the market is overheated.
Consider this… CNBC recently reported that only 22% of S&P 500 stocks are outperforming the index right now, meaning that just a handful of large-cap stocks are doing most of the heavy lifting.
So, where does the market go from here?
On this week’s Navellier Market Buzz, we invited one of our favorite technical experts, Tammy Marshall, to help answer that question for us. We talk about why this market is extended, whether it could pull back (and by how much) – as well as key support levels to watch. Plus, we reveal our top five stocks to buy on a market dip.
Click the image below to watch now.
To see more of my videos, click here to subscribe to my YouTube channel. And if you’d like to learn more about Tammy, check out her website here.
While Tammy and I focused mostly on the technical side of this rally, there’s another reason I’m watching things so closely right now.
That’s because the Senate is expected to vote on Kevin Warsh’s confirmation as the new Chair of the Federal Reserve this week.
But personally, I think the mainstream financial media is getting the entire story wrong.
You see, most of the media coverage up to this point has been about court politics: The Trump-Powell feud – or whether Warsh will be a puppet for Trump.
What most of these folks are missing is the fact that Warsh has big plans for the Fed.
He wants to reform it. And yes, that does involve key interest rate cuts.
I want to be very clear.
In my nearly 50 years of investing, I’ve only seen market conditions like this four times before: 1995, 2001, 2008 and 2020.
Each time, my Stock Grader system identified a group of smaller stocks showing unusually strong institutional buying activity before they made some of their biggest moves.
I believe we may be entering that kind of window again, on Friday, May 15.
If that window opens the way I expect, the biggest gains could come early – which is why I believe investors need to be paying attention right now.
To explain exactly what I’m seeing, I’ll be hosting a special presentation called The 10X Fed Shock Event on Wednesday, May 13, at 1 p.m. Eastern.
When you sign up, you’ll get access to my Exclusion List, 53 small-cap stocks that my system has flagged as especially well-positioned for this next window.
And during the event, I’ll reveal my single highest-conviction stock pick from the entire list for free.
Manage your account We hope this timely investment research is valuable to you. As you know the markets move fast and conditions change frequently. So please check the current issue for the most recent advice. Please note that we cannot be liable for any missed bulletins caused by overzealous filters. To ensure that you continue to receive this valuable part of your service please take a moment to add services@exct.investorplace.comto your address book.
No progress on peace talks over the weekend… why Buffett doesn’t like today’s market… why Louis Navellier loves today’s market… but Luke Lango is telling readers to expect a pullback… how big it might be
Yesterday, Iran delivered its formal response to the latest U.S. peace proposal.
President Donald Trump’s reaction left zero room for misunderstanding:
I have just read the response from Iran’s so-called “Representatives.”
I don’t like it — TOTALLY UNACCEPTABLE!
Iran’s nuclear program remains the point of contention.
Tehran rejected dismantling its facilities. Instead, it proposed separate negotiations on the issue, offering to dilute some of its highly enriched uranium and transfer the rest to a third country. This proposal included a provision that the uranium be returned if Washington exits any eventual deal.
The U.S. has been demanding a 20-year moratorium on enrichment and a full end to the nuclear program as part of any peace framework. Tehran called the American position a demand for “surrender.”
Meanwhile, also yesterday, Israeli Prime Minister Benjamin Netanyahu said that the conflict with Iran was “not over,” adding:
There is still enrichment sites that have to be dismantled, there’s still proxies that Iran supports, there are ballistic missiles that they still want to produce… there’s work to be done.
The lack of geopolitical progress is weighing on the oil patch. As I write on Monday morning, West Texas Intermediate Crude has rebounded to $98 while Brent trades above $104.
However, stocks are brushing off the saber-rattling, continuing to focus on AI and a strong earnings season.
At least for now, Wall Street’s message is clear: as long as corporate profits continue to wow and the AI trade keeps delivering, geopolitical risk is a secondary concern – even with higher oil prices and unresolved risk in the Middle East.
Just over a week ago, legendary investor Warren Buffett sat down with CNBC at the Berkshire Hathaway annual meeting
He wasn’t exactly bullish…
Here are select quotes from the “Oracle of Omaha”:
I’ve compared the markets to a church with a casino attached. And people can move between the church and casino. And I would say…the casino has gotten very attractive to people.
We’ve never had people in a more gambling mood than now. But that doesn’t mean that investing is terrible. It does mean that prices for an awful lot of things will look very silly.
It isn’t our ideal environment, I should say, in terms of deploying cash for Berkshire.
Meanwhile, another legendary investor has been deploying plenty of cash – and helping his readers generate returns that are multiples higher than the market here in 2026.
That would be Louis Navellier, editor of Breakthrough Stocks. While Buffett heads into retirement having amassed a massive cash pile for Berkshire Hathaway over the last handful of quarters, Louis has been making moves that have resulted in this portfolio climbing an average of 28% year-to-date, almost 4Xing the S&P 500.
So, which legendary investor is reading the market correctly?
Iran’s blockade of the Strait of Hormuz has pushed oil to $111 a barrel. Citi says it could hit $150 by June. Many folks are rushing to buy oil stocks. But there’s a smarter play. Jonathan Rose, a 25-year market pro, just bagged a 770% gain by using one simple tool that flags big potential moves before the news hits. In fact, this same tool has helped him record 98% average gains* across his last 117 straight trade recommendations. Click here for Jonathan’s favorite way to trade oil shocks in 2026.
Where Louis and Buffett align and diverge
In an interview with Bloomberg Business Week in 1999, Buffett said the following:
If I was running $1 million today, or $10 million for that matter, I’d be fully invested. Anyone who says that ‘size does not hurt investment performance’ is selling.
It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million.
No, I know I could. I guarantee that.
The reason Buffett can’t act on that guarantee today?
Before his recent retirement, he was managing hundreds of billions of dollars. With a war chest that large, he can’t effectively invest in smaller, fast-moving companies anymore. He has to focus almost exclusively on massive “elephant-sized” opportunities.
And right now, he thinks the elephants are overpriced – “very silly” prices, as he put it.
But in Breakthrough Stocks – Louis’ small-cap focused service – he doesn’t have that problem.
Instead, Louis is focused on smaller, high-growth companies where he believes the opportunity set remains unusually attractive.
The numbers back that up…
His Buy List soared 15.5% in April alone, backed by companies with 123% average forecasted earnings growth and 69.8% average forecasted sales growth.
As of last week, eight of his holdings had reported earnings so far this season. All eight beat expectations, with an average earnings surprise of 68%.
Much of this outperformance comes from Louis’ quantitative algorithms, which are designed to identify fast-growing small-cap companies before Wall Street fully catches on. But Louis will be the first one to tell you that the market leadership has been shifting over the last year, with small-cap stocks responsible for a growing share of the market’s gains.
And Louis sees good reasons to believe this will continue.
Small-cap companies are predominantly domestic. They benefit directly from U.S. economic growth.
They’re more sensitive to interest rates – which means when rates come down, their borrowing costs fall and their earnings power expands fast. And they’re still cheap.
After years of trading at a steep discount to large caps, small caps are only now beginning to close that valuation gap.
Louis believes that when rates eventually come down under the new Federal Reserve Chairman, Kevin Warsh, small-cap borrowing costs will fall and their earnings power will expand fast.
It’s a tailwind he’s been tracking closely after seeing it play out for decades, and he’ll lay out the full case – including which specific stocks he thinks are best positioned to benefit – in a free event this Wednesday, May 13, at 1 p.m. Eastern. He’s also handing out a free stock pick to everyone who attends.
Bottom line: Buffett’s caution may be justified for mega-cap-focused professional money managers. But individual investors still have access to the small-cap corners of the market where growth opportunities remain abundant.
Are small-caps about to go on sale?
Louis isn’t the only one watching small caps closely right now. And the setup that Luke Lango, editor of Innovation Investor, is tracking, suggests that small caps – and perhaps even some mega-cap AI names – are about to get cheaper.
Luke believes that the “Summer of AI” – his term for the powerful rally he’s been forecasting in AI infrastructure stocks – has arrived. And it’s running hot.
Maybe a little too hot.
As evidence, last week, Luke highlighted a technical indicator called the Relative Strength Index, or RSI. Without getting too deep into the weeds, RSI measures how overbought or oversold a stock or index has become.
A reading above 70 generally signals overbought conditions – meaning a market has run up so far, so fast that a pause or pullback has become increasingly likely because prices have gotten ahead of themselves.
Right now, Luke sees warnings from a variety of RSI readings:
The S&P 500 RSI has hit 75. The Nasdaq RSI has hit 78. The semiconductor ETF SMH has an RSI of 82.
RSI 82 in SMH is the most overbought the semiconductor sector has been in years.
When three major market indicators are simultaneously in extreme overbought territory, mean reversion isn’t a risk to worry about. It’s a scheduled event.
Luke zeroes in on SMH, highlighting historical market data suggesting that the ETF is likely in for a 5%-8% pullback.
It wouldn’t be surprising to see a similar step backward in the broader market.
To be clear, this isn’t a crash or a bearish shift in Luke’s thesis. It’s just the normal, necessary breather after a red-hot market run:
[It will be a] clean, healthy, technical reset that works off the excess and creates a healthier base for the next sustained advance.
Duration: typically two to four weeks of sideways-to-lower price action before the fundamental momentum reasserts.
Circling back to Louis, for investors looking to capitalize on small-cap opportunities, get your buy list ready. If we’re in for a healthy pullback, this would likely be the last good entry point before Luke’s Summer of AI kicks back into gear.
Here’s Luke bottom line:
Any short-term volatility we see over the next few weeks should pale in comparison to the gains that will follow over the subsequent few months.
Wrapping up
Today’s market looks to be demanding two things from investors at once: patience for near-term volatility and bullishness for the medium-term AI boom.
And that means Buffett’s caution, Louis’ small-cap optimism, and Luke’s expectation for a healthy pullback can all be true at the same time. The difference comes down to timing – and knowing where to look for opportunity once the market’s reset runs its course.
We’ll keep you updated on all these stories here in the Digest.
Have a good evening,
Jeff Remsburg
(Disclaimer: I own SMH)
Manage your account We hope this timely investment research is valuable to you. As you know the markets move fast and conditions change frequently. So please check the current issue for the most recent advice. Please note that we cannot be liable for any missed bulletins caused by overzealous filters. To ensure that you continue to receive this valuable part of your service please take a moment to add services@exct.investorplace.com to your address book.
Welcome to The Pregame Lineup, a weekday newsletter that gets you up to speed on everything you need to know for today’s games, while catching you up on fun and interesting stories you might have missed. Today’s edition is brought to you by David Adler.
For all you coaches out there who love to say “The best ability is availability” … boy, do we have the player for you.
That’d be Matt Olson, who’s one of the most available players ever.
The Braves slugger now has a top-10 Iron Man streak in MLB history. Yesterday, Olson played his 823rd consecutive game, passing Gus Suhr for sole possession of the No. 10 spot on the all-time list.
Next up is Eddie Yost’s ninth-place streak of 829 games, which Olson would tie on Sunday against the Red Sox and pass next Mondayagainst the Marlins.
But if Olson’s No. 1 ability is “playing games,” his No. 2 ability is “crushing baseballs.” And it’s a close second.
See, Olson isn’t just a top-10 Iron Man all-time. He’s also a top-five player in the Majors right now.
Olson is having a monster season for MLB’s best team. Let’s run down some of the highlights:
He ranks second overall in FanGraphs’ Wins Above Replacement, tied with Aaron Judge and Cam Schlittler and just a fraction behind Bobby Witt Jr.
He leads the National League with a 1.031 OPS and ranks fourth in MLB behind only Ben Rice, Yordan Alvarez and Judge.
His OPS+ of 187 means he’s been 87% better than a league-average hitter, and that’s also the best mark in the NL (Jordan Walker is next with a 173 OPS+).
He’s second in the NL behind Kyle Schwarber with 14 homers and fourth in the Majors behind Judge, Schwarber and Munetaka Murakami.
He leads the Majors in RBIs and runs scored, with 36 of each.
Add his MLB-best 15 doubles to his 14 home runs, and you get a Major League-leading 29 extra-base hits this season — five more than anyone else (Schwarber is next with 24).
He’s batting .296, which would be the highest mark of his career.
Witt circled the bases for his second career inside-the-parker on Saturday, and it was a good reminder that, wow, this guy just might be the fastest baseball player on Earth.
Witt went home-to-home in just 14.13 seconds, the fourth-fastest inside-the-park home run since Statcast started tracking in 2015. He reached an elite sprint speed of 30.4 feet per second. Watch him turn on the jets here.
You just don’t see a whole lot of inside-the-parkers like Witt’s, which was a simple ground ball down the right-field line. But once Witt’s grounder squeaked past Tigers right fielder Kerry Carpenter along the side wall, he was gone.
Here’s a fun frivolity: Witt’s inside-the-park home run traveled only 17 feet in the air, the least air distance of any inside-the-parker in the Statcast era (obviously, it ended up much farther away than that in the right-field corner, but still). It also had a negative-six-degree launch angle, the only home run with a negative launch angle in the Statcast era.
Oh, and Witt thinks he can do it even faster. After all, he’s “only” fourth on the fastest inside-the-parker list. For now.
“I want to be No. 1,” he said after the game.
These are the three guys ahead of him:
1. Byron Buxton: 13.85 seconds — Aug. 18, 2017
The Statcast era record belongs to Buxton on this ball that kicked off the wall in center field in Minnesota and got away from the outfielders. Watch it here >>
2. Byron Buxton: 14.05 seconds — Oct. 2, 2016
Buxton again. He’s the man to beat. This one, on the very last day of the season, was actually off Chris Sale when Sale was still with the White Sox. Watch it here >>
3. Pete Crow-Armstrong: 14.08 seconds — Aug. 23, 2024
PCA can give Witt and Buxton a run for their money, too. His inside-the-parker, the fastest since Buxton’s record-setter, was electric, as he needed every bit of those 14.08 seconds to dive and beat the Marlins’ throw home. Watch it here >>
AROUND THE LEAGUE THIS WEEKEND
The Brewers’ big sweep, Schwarbero home runs and throwback pitching performances highlighted this weekend’s slate of games.
• Turang, Miz sweep out the Yanks
Brice Turang’s first career walk-off home run yesterday lifted the Brewers to their first three-plus-game sweep of the Yankees since 1989. Milwaukee’s pitchers — led by the electric Jacob Misiorowski, who on Friday threw the seven fastest pitches by a starter in the pitch-tracking era — held the Bronx Bombers to six total runs in the series, their fewest all year. It was the opposite of the last time the two clubs faced off, when the Yankees mashed 14 home runs with their torpedo bats and swept the Brew Crew to open 2025.
• Here comes Schwarber
Don’t look now, but Kyle Schwarber is back at the top of the home run leaderboard. Schwarber has homered in four straight games — including twice yesterday — to tie Judge for the MLB lead. He’s setting himself up to once again challenge Ryan Howard’s single-season Phillies record of 58 homers. Schwarber’s 16 in 41 games put him on a 63-homer pace for 2026.
• More vintage deGrom
Jacob deGrom pitched the Rangers to a series win over the red-hot Cubs with seven scoreless innings and 10 strikeouts in yesterday’s finale. If a series is on the line, Texas can just give the ball to deGrom: He’s pitched in six rubber games since joining the Rangers, and he’s 5-0 with a 1.22 ERA in those games.
• The return of vintage Strider, too
Spencer Strider turned in his best start in over two years to beat the Dodgers on Saturday, as the Braves got the better of their fellow National League powerhouse in their series this weekend. Strider threw six innings of one-hit baseball, and his fastball velocity jumped to 96.4 mph after averaging 94.6 mph in his season debut the weekend prior.
• A tough slump for Raleigh
Cal Raleigh is 0-for-32 in his last 36 plate appearances, which is the longest active hitless streak for any MLB position player. Since homering in back-to-back games on April 26 and 27, Raleigh’s batting average has fallen to .161. He missed three games during that span due to right side soreness, but he’s been able to get back behind the plate … now the Mariners just need their star catcher to heat back up at the plate.
TODAY IN ‘WEIRD PITCHING STAT LINES’
Sometimes, a pitcher just has to go out there and wear it … but not for this long.
Justin Wrobleski put up one of the strangest stat lines we’ve seen in years for the Dodgers yesterday: 8 2/3 innings pitched, seven earned runs allowed.
These days, if a starting pitcher is throwing 8 2/3 innings, it’s basically only because he’s dominating. Not so with Wrobleski, whose job was to eat as many innings as possible for a taxed Dodgers bullpen.
So … mission accomplished? The Dodgers lost to the Braves, 7-2, but Wrobleski got an ovation from the fans at Dodger Stadium when he came out of the game with two outs in the ninth.
No pitcher had thrown at least 8 2/3 innings AND allowed at least seven runs in over 20 years. The last guy to do it was Carlos Silva for the Twins on April 18, 2006, when he allowed eight runs in 8 2/3 innings in an 8-2 loss to the Angels. And before that, it hadn’t happened since 1993, when Bobby Witt Sr. threw a nine-inning, seven-run complete game for the A’s in a 7-3 loss to the Angels.
TATER’S FIRST TATER
Gage Workman just happens to have the perfect middle name for a hitter: Tater.
Tater’s first tater was a go-ahead, pinch-hit home run that helped the Tigers beat the Royals in their series finale.
The 26-year-old Workman hit plenty of taters in the Minor Leagues — 76 of them since his first year in pro ball in 2021 — but living up to your (middle) name in the Majors has got to feel good.
While most traders spent the last 12 months getting chopped up by the 9:30 bell — chasing the spike, reacting to the headlines, watching $400 evaporate by 10:15 every morning — Blake Young was waiting 30 minutes.
He wasn’t trading the same bell as everyone else.
He was trading the 10 AM Bell.
And the results are the kind I have to read twice before I send them out.
453 winning trades.
11 winning months out of 12.
A $5,000 account turned into $14,459 — a 189% return.
Done before lunch, every single morning.
The best 12-month run any individual trader at this firm has ever produced. In all my years in the markets, I have never seen a year like it. Not from anyone in this building.
Same market. Same screen. Same morning hours. Different bell. Completely different year.
On Wednesday, May 13th at 3:00 PM Eastern, Blake is going live to walk you through the full year. And he is bringing two things to this briefing he has not shared before:
— a new deep dive into his system, and
— new news for anyone who has been on the fence about whether to install Blake’s system into their trading.
This is the last time you’ll hear from Blake before the door shuts.
Thursday, May 14, Blake starts working with a new group of traders to install the 10 AM Bell into their trading — and this opportunity shuts behind them. Wednesday afternoon is your last chance to hear it directly from Blake, evaluate it properly, and decide whether it’s a fit for you before the door closes.
Friend to friend — take this one seriously. I am not in the habit of telling you something is the best I have ever seen. This one is. You owe it to yourself to give Blake 75 minutes of your afternoon, watch him walk through the year, and find out whether this fits you. That is the entire ask.
Let me put it bluntly. If you want to be a more successful trader — if you’d love to have a system that positions you to compound month after month — why would you not take 75 minutes to fully evaluate the best 12-month run we have ever seen at this firm and the system behind it? It’s free. It’s one click. And it is the last chance you will get to hear it directly from Blake before the door shuts on Thursday.
Reserve your seat below and the full 12-month track record report will hit your inbox immediately.
Wednesday, May 13. 3:00 PM Eastern. Live with Blake. Last chance to fully evaluate it.
Don Kaufman
Chief Market Strategist
TheoTrade.com
P.S. Thursday, May 14, Blake starts working with a new group of traders to install the 10 AM Bell into their trading. Once that begins, the door shuts. Wednesday’s briefing is the last window left to hear him in his own voice and decide whether this is for you. Don’t wait until Wednesday afternoon to register. Lock the seat now.
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results.
Most of today’s lithium is mined. But 75% of the world’s resources aren’t in rocks. They’re in water. But to get it, companies wait a year-plus for it to evaporate. EnergyX fixed that with direct lithium extraction (DLE), recovering lithium 500X faster than evaporation ponds. They just commissioned the US’ largest DLE facility. General Motors invested. Become an early-stage EnergyX investor today. Continue Reading ➔ Disclosure: Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Musth to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Musth has been paid in cash and may receive additional compensation. Musth and/or its affiliates do not currently hold securities of EnergyX. This compensation and any current or future ownership interest could create a conflict of interest. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.Young Americans’ job market optimism falls as older adults stay upbeat, new Gallup poll finds
For years, younger Americans have been more optimistic about the job market than older Americans, even through the depths of the Great Recession. But in an abrupt shift, a new poll released Monday finds young people’s confidence has plummeted over the past two years — while their elders remain more upbeat. Continue Reading ➔The AI Launch 57X Bigger than the SpaceX IPO – Ad
SANTA CLARA, Cuba (AP) — Yudelaimys Barrero Muñoz used to spend up to three hours on the side of a highway under the blazing sun waving money at drivers as she attempted to hitch a ride from Cienfuegos, to Santa Clara, where she buys supplies to resell and support her husband and two children. Continue Reading ➔Trump Calls Off Talks: ‘They Can Call Us Any Time They Want’
Larry Benedict generated $274 million in profits for his clients by knowing where money flows when the Federal Reserve shifts. He says Trump’s Fed Takeover is triggering the most significant shift in U.S. markets in nearly 20 years. He’s already identified the one ticker he expects billions to flood into… and he’s giving away the name for free. Get the full details before the window closes.Pfizer Stock Is Declining Today: What’s Happening?
China’s DeepSeek launched its V4 model powered by Huawei chips, signaling a shift away from Nvidia as it pushes AI self-reliance. Continue Reading ➔
Information, charts, or examples contained in this email are for illustration and educational purposes only and not for individualized investment management. This message contains commercial elements, such as advertising and partner offers for which we may receive affiliate compensation. We only send these offers to those who have opted into our newsletter.
If you wish to no longer receive these offers, click on the unsubscribe link at the bottom of this email. Past performance is not indicative of future results. For these reasons, we strongly suggest trading in a DEMO/Simulated account.
The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices, or procedures of any company or entity mentioned or recommended in this email and have not determined if the statements and opinions of the advertiser are accurate, correct, or truthful.
If you use, act upon, or make decisions in reliance on information contained in this email or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates, and agents without fault.
2967 Dundas St. W. #990, Toronto, ON M6P 1Z2 | Phone Number: 917.672.7040
Most of today’s lithium is mined. But 75% of the world’s resources aren’t in rocks. They’re in water. But to get it, companies wait a year-plus for it to evaporate. EnergyX fixed that with direct lithium extraction (DLE), recovering lithium 500X faster than evaporation ponds. They just commissioned the US’ largest DLE facility. General Motors invested. Become an early-stage EnergyX investor today. Continue Reading ➔ Disclosure: Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Musth to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Musth has been paid in cash and may receive additional compensation. Musth and/or its affiliates do not currently hold securities of EnergyX. This compensation and any current or future ownership interest could create a conflict of interest. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.Young Americans’ job market optimism falls as older adults stay upbeat, new Gallup poll finds
For years, younger Americans have been more optimistic about the job market than older Americans, even through the depths of the Great Recession. But in an abrupt shift, a new poll released Monday finds young people’s confidence has plummeted over the past two years — while their elders remain more upbeat. Continue Reading ➔The AI Launch 57X Bigger than the SpaceX IPO – Ad
SANTA CLARA, Cuba (AP) — Yudelaimys Barrero Muñoz used to spend up to three hours on the side of a highway under the blazing sun waving money at drivers as she attempted to hitch a ride from Cienfuegos, to Santa Clara, where she buys supplies to resell and support her husband and two children. Continue Reading ➔Trump Calls Off Talks: ‘They Can Call Us Any Time They Want’
Larry Benedict generated $274 million in profits for his clients by knowing where money flows when the Federal Reserve shifts. He says Trump’s Fed Takeover is triggering the most significant shift in U.S. markets in nearly 20 years. He’s already identified the one ticker he expects billions to flood into… and he’s giving away the name for free. Get the full details before the window closes.Pfizer Stock Is Declining Today: What’s Happening?
China’s DeepSeek launched its V4 model powered by Huawei chips, signaling a shift away from Nvidia as it pushes AI self-reliance. Continue Reading ➔
Information, charts, or examples contained in this email are for illustration and educational purposes only and not for individualized investment management. This message contains commercial elements, such as advertising and partner offers for which we may receive affiliate compensation. We only send these offers to those who have opted into our newsletter.
If you wish to no longer receive these offers, click on the unsubscribe link at the bottom of this email. Past performance is not indicative of future results. For these reasons, we strongly suggest trading in a DEMO/Simulated account.
The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices, or procedures of any company or entity mentioned or recommended in this email and have not determined if the statements and opinions of the advertiser are accurate, correct, or truthful.
If you use, act upon, or make decisions in reliance on information contained in this email or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates, and agents without fault.
2967 Dundas St. W. #990, Toronto, ON M6P 1Z2 | Phone Number: 917.672.7040
Most of today’s lithium is mined. But 75% of the world’s resources aren’t in rocks. They’re in water. But to get it, companies wait a year-plus for it to evaporate. EnergyX fixed that with direct lithium extraction (DLE), recovering lithium 500X faster than evaporation ponds. They just commissioned the US’ largest DLE facility. General Motors invested. Become an early-stage EnergyX investor today. Continue Reading ➔ Disclosure: Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Musth to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Musth has been paid in cash and may receive additional compensation. Musth and/or its affiliates do not currently hold securities of EnergyX. This compensation and any current or future ownership interest could create a conflict of interest. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.Young Americans’ job market optimism falls as older adults stay upbeat, new Gallup poll finds
For years, younger Americans have been more optimistic about the job market than older Americans, even through the depths of the Great Recession. But in an abrupt shift, a new poll released Monday finds young people’s confidence has plummeted over the past two years — while their elders remain more upbeat. Continue Reading ➔The AI Launch 57X Bigger than the SpaceX IPO – Ad
SANTA CLARA, Cuba (AP) — Yudelaimys Barrero Muñoz used to spend up to three hours on the side of a highway under the blazing sun waving money at drivers as she attempted to hitch a ride from Cienfuegos, to Santa Clara, where she buys supplies to resell and support her husband and two children. Continue Reading ➔Trump Calls Off Talks: ‘They Can Call Us Any Time They Want’
Larry Benedict generated $274 million in profits for his clients by knowing where money flows when the Federal Reserve shifts. He says Trump’s Fed Takeover is triggering the most significant shift in U.S. markets in nearly 20 years. He’s already identified the one ticker he expects billions to flood into… and he’s giving away the name for free. Get the full details before the window closes.Pfizer Stock Is Declining Today: What’s Happening?
China’s DeepSeek launched its V4 model powered by Huawei chips, signaling a shift away from Nvidia as it pushes AI self-reliance. Continue Reading ➔
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Let me tell you how it will be There’s one for you, nineteen for me ‘Cause I’m the taxman Should five percent appear too small Be thankful I don’t take it all ‘Cause I’m the taxman – The Beatles (“Taxman,” 1966)
Sixty years ago, the Beatles released the song “Taxman,” written by George Harrison to protest the punishing 90% to 95% supertax imposed on high earners by the U.K.’s Labour government.
Frustrated that most of their earnings were going to the Treasury, Harrison – aided by John Lennon – mocked tax laws and name-dropped politicians Harold Wilson and Edward Heath.
It’s one of my favorite Beatles songs. It highlights the remarkable creativity of governments everywhere to find sneaky new ways to exact more taxes out of their citizens’ pockets.
Now it’s happened in America, the land of the free, as we approach the 250th anniversary of our independence.
The Politics of Envy Is Back
Here are the latest examples of government’s attempts to reduce state deficits and fund new social programs:
New York’s socialist mayor, Zohran Mamdani, and Democratic governor, Kathy Hochul, have imposed a new annual real estate tax on luxury second homes (pieds-à-terre) in New York City that are valued at $5 million or more.
Washington state has imposed a 9.9% income tax on residents making $1 million or more and a 7% capital gains tax.
In November, voters in California will vote on a referendum imposing a one-time 5% wealth tax on billionaires. Most analysts expect it to pass, even though Democratic Gov. Gavin Newsom opposes it.
Art Laffer Takes on the Billionaire Tax Proposal
Last week, Art Laffer, the father of supply-side economics and creator of the Laffer curve, debated Berkeley professor Emmanuel Saez, a French economist who favors the billionaire tax in California.
Laffer rightly pointed out that the wealth tax is a bad idea because it’s forcing productive entrepreneurs like Elon Musk and Mark Zuckerberg and their employees to leave the state and it won’t raise the revenue legislators expect.
Indeed, Laffer was a longtime resident of California but left after the once-Golden State raised the state income tax to 14.4%, the highest of any state.
However, I was dumbfounded to see Laffer join forces with Saez in advocating taxing unrealized capital gains every year at a 17% rate! In essence, that’s the same as a wealth tax – and just as bad as the billionaire tax idea. It will also discourage the efficient use of capital, the lifeblood of the economy.
Lord Acton was right when he said, “There is no error so monstrous that it fails to find defenders among the ablest men” (The Maxims of Wall Street, Page 140, available at Skousen Books at Discount).
During a private gathering of Wall Street elites, I was one of two people selected to speak with Elon personally.
SpaceX just filed its IPO…
And I’m sharing an “access code” that lets anyone grab a pre-IPO stake before it happens. This is your invitation to the biggest wealth-building event of the decade.
The bad news is raising taxes on the rich is a failed policy for two reasons.
First, it does not address the real problem: wasteful and misguided spending.
New York, Washington, and California don’t have a tax problem – their taxes are already too high. They have a spending problem. They refuse to live within their budget on public education, Medicaid, homelessness, and other social projects that are only getting worse.
Then there are infrastructure boondoggles like the California High-Speed Rail project, with cost overruns of $135 billion and counting.
Ben Franklin identified the problem when he said, “No revenue is sufficient without economy” (Maxims, Page 20).
Raising more revenue to fund wasteful and inefficient projects only allows politicians to expand their budgets, which fuels more deficits until a financial crisis hits the state.
Second, wealthy taxpayers can escape the new tax increases by leaving the state.
The American Revolution started with a tax rebellion. Thomas Jefferson and the founders included taxes among their list of grievances of King George III in the Declaration of Independence: “He has erected a multitude of new offices, and sent hither swarms of officers to harass our people, and eat out of their substance.”
The wealthy are rebelling by moving out of the high-tax states such as New York and California and moving their residency and businesses to Texas, Florida, and other low-tax states.
According to Steve Moore, from 2012 to 2023, some $2.2 trillion in cumulative income migrated out of high-tax states and into low-tax states! (See the chart below.)View larger image
Action to Take: If you live in a state that is raising taxes, you can create your own tax cut by moving to a low-tax state like Texas, Florida, Tennessee, New Hampshire, Arizona, or Utah (among others). Make your plans now before it’s too late.
Going to Bat for Oxford Club Members!
I can’t think of anyone in the country who wants to see everyday investors get richer more than the strategists of The Oxford Club: Marc Lichtenfeld, Alex Green, and Mark Skousen.
You came to the right place to learn how to make money and keep the lion’s share of your profits through legal tax-cutting strategies.View larger image
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In Canada, the Seal River Watershed encompasses a vast 12-million-acre landscape of pristine forests, wetlands, lakes, streams, and rivers. It’s one of the largest intact watersheds on Earth, providing clean water and healthy lands to local communities, while also acting as an important Natural Climate Solution, storing an immense amount of carbon in its forest floors and peatlands. It is home to iconic species like polar bears, belugas, and wolverines. Millions of migratory birds rely on the Seal River Watershed—which lies in the heart of the Boreal Forest in the province of Manitoba—including Tennessee and Blackpoll Warblers, Common Loons, Hudsonian Whimbrels, Harris’s Sparrows, and other birds you may see in your own neighborhood.
The Seal River Watershed Alliance, an Indigenous collaboration of four First Nations; the Manitoba Government; and the Government of Canada have proposed to conserve the Seal River Watershed through multiple layers of protection and stewardship. The entire watershed will be an Indigenous Protected and Conserved Area that will include a new national park and a new provincial park.
This layered approach offers a variety of tools and resources to conserve the land, sustain Dene and Cree traditions, generate economic opportunity, and promote recreational access for all. The Government of Canada is now requesting public comment on the shared proposal, so you have a chance to speak out.
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