Do This When the World Is on Fire

I'm not even finished reading it yet, but I've found a new favorite investment book... [Chaikin PowerFeed]( Do This When the World Is on Fire By Marc Gerstein, director of research, Chaikin Analytics I'm not even finished reading it yet, but I've found a new favorite investment book... It's [Alexander Hamilton]( published in 2004 by author Ron Chernow. Now, I know what you're probably thinking... "But Marc, that's a biography." Yes, it's true... Chernow is a Pulitzer Prize-winning biographer. And this particular book served as the inspiration for the popular Broadway musical about Hamilton, too. So far, I'm only on Chapter 15 of this 818-page tome... But I'll detail today how I've already read enough to know it sends the perfect message to help us put things in perspective. Let me explain... 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I'm not saying what happens in and around a nation's halls of power is always irrelevant. Bad things happen when investors and business executives don't know the ground rules. They don't always need to like the rules. But they should at least know the rules. And despite all the turbulence in the world today... the ground rules are clearer now than at any point in history. Despite the perceived turmoil, governments and markets are incredibly stable and structured. That bit of wisdom has served me well as I've worked to make sense of Wall Street... You see, the crises that hit Wall Steet are those that hurt profits and the capital markets. I'm talking about things like big interest rate changes and liquidity crunches... They're the types of things that make experienced analysts sound alarm bells. On the other hand, a lot of "potentially market-moving news" is just noise... By that, I mean things like the usual infighting, partisan name calling, and investigations in Washington, D.C. Even unfair, cumbersome Big Government rules typically fade. And politics-driven shutdowns usually do more damage to political brands than investors' portfolios. Now, you might say, "But Marc, it's different this time... Today's political frictions are more severe than ever. And it's made worse by today's rapid flow of information." This is where Chernow's biography on Hamilton comes in... The book expertly details the tumultuous times the U.S. faced at its birth. You might think that the country is more divided than ever... but you didn't live here in the late 1700s. Sure, in the early days of the U.S., the spread of information was slower than today... Most of our history has been spared the pounding drumbeat of social media. But at the same time, a lot can be said when the writer isn't limited to 280 characters like the social media pundits are today. Audiences had the time and desire to read and discuss, too. There was a lot to talk about as well... The Founding Fathers of the U.S. dealt with one crisis after another. Taxes were contentious. But rather than arguing about rates like folks do today, they fought over whether any central government should tax at all. Who should levy tariffs? Each state wanted its own revenue. States tied together by the loosely drafted Articles of Confederation competed to see which could contribute least to the shared financial burdens. Each state tried to contribute as little as possible toward repaying the debt incurred to finance the American Revolution. Heck, it wasn't even clear that we should have a federal government... Hamilton and James Madison aroused fury for even advocating a U.S. Constitution. They had one job... They were supposed to revise (or "debug") the Articles of Confederation. Nobody told them to create a federal government to sit above the states. Would that devolve into a new monarchy – the same thing they fought so hard to escape from? In the 230-plus years since then, we've weathered wars, scandals, and tragedies. I'll spare you the continued U.S. history lesson... We both know everything the country has endured. And the reality is that the world as a whole has survived centuries of crises and instability going even further back in history. In the end, the sun always rises the next day. So yes, we have problems today. But we'll get through them. We've been through worse before. So it's important to keep things in perspective. Good investing, Marc Gerstein Market View Major Indexes % Hld: Bullish Neutral Bearish Dow 30 +0.55% 8 17 5 S&P 500 +0.61% 117 298 83 Nasdaq +0.75% 34 56 11 Small Caps +0.81% 323 1060 474 Bonds -0.87% Consumer Discretionary +1.37% 15 32 15 — According to the Chaikin Power Bar, Small Cap stocks are somewhat more Bearish than Large Cap stocks. Major indexes are mixed. * * * * Top Movers Gainers [rating] TSLA +5.76% [rating] CPS +5.48% [rating] VIAC +4.80% [rating] MU +4.52% [rating] LVS +4.21% Losers [rating] CTRA -1.82% [rating] HOLX -1.42% [rating] PFE -1.41% [rating] KMX -1.22% [rating] RMD -1.10% * * * * Earnings Report Reporting Today Rating Before Open After Close No earnings reporting today. Earnings Surprises No significant Earnings Surprises in the Russell 3000. * * * * Sector Tracker Sector movement over the last 5 days Discretionary +3.32% Information Technology +2.28% Communication +1.72% Health Care +0.30% Industrials -0.29% Materials -0.52% Real Estate -0.58% Energy -1.12% Financial -1.65% Staples -1.65% Utilities -1.91% * * * * Industry Focus Capital Markets Services 15 47 1 Over the past 6 months, the Capital Markets subsector (KCE) has outperformed the S&P 500 by +0.66%. Its Power Bar ratio, which measures future potential, is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #3 of 21 subsectors and has moved down 2 slots over the past week. Top Stocks [rating] PIPR Piper Sandler Compan [rating] DFIN Donnelley Financial [rating] KKR KKR & Co. Inc. * * * * Chaikin Analytics LLC is not registered as a securities broker-dealer or advisor either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. Chaikin Analytics does not recommend the purchase of any stock or advise on the suitability of any trade. The information presented is generic in nature and is not to be construed as an endorsement, recommendation, advice or any offer or solicitation to buy or sell securities or any kind, but solely as information requiring further research as to suitability, accuracy and appropriateness. Users bear sole responsibility for their own stock research and decisions. Read the full disclaimer at [(. You have received this e-mail because you subscribed to PowerFeed, published by Chaikin Analytics. 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