I hope you’ve all had a good week!
Having been somewhat back and forth in May, equities have drifted higher with gold in the past few days as expectations for further economic growth (and inflation) picked up following news of Biden’s $6 trillion budget plan to support the middle class and boost infrastructure. This really became apparent in the latter part of the week as the ‘reflation rotation’ broadened with outperformance in the likes of industrial and financial sector stocks, which I has been the focus of my personal portfolio.
Much of this is echoed by the positive scores we have seen in our Business Cycle and Equity Market Checklists in recent months. Trading Club members may now access our latest monthly Checklist Report which has just been updated for June.
More on this next week! In the meantime, Lex and I have also been busy recording the first episode of our new Million Dollar Traders Podcast which is free to access on Spotify and YouTube. Kicking things off as our very first guest was Jay Smith (@jaynemesis), who shared his investing journey to becoming the world’s most copied social trader with over $150 million under management.
Having quit his job in 2016 to trade with his own money full-time – despite having no professional investing experience to speak of – his story is quite incredible and we certainly think that you can learn a thing or two from his insights in to Bitcoin, tech stocks and even the captive market for Oat Milk!
Given the new content available for you this week, I thought I would keep this post otherwise brief. To learn more about our methods, and join me for more analysis in real-time, check out our MDT course and Trading Club pages where you can preview everything that we cover.
Have a great weekend,
Disclaimer: For educational purposes only. Even though we do our best to provide reliable data, you should not trade based on this information.
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