The Market In Five Charts (No. 4 is Insane!)

[] With the markets closed for Juneteenth, let’s quickly dive into the recent downturn. We look at five charts that tell the full story of how much further we could go. [View in browser]( . With the markets closed for Juneteenth, let’s quickly dive into the recent downturn. We look at five charts that tell the full story of how much further we could go. [View in browser]( . . [] [Havens Investment Letter] [] [Havens Investment Letter] [] [] [] This Busy Trader Clocks Out By 10:30 AM... On top of being a brilliant trader, Jeffry Turnmire is still a professional engineer. So he needed a strategy that fit his schedule. Then, he discovered an insane glitch in the market. Now, he trades for an hour at the opening bell, and clocks out for the rest of the day! [See how Jeffry trades these 60 Minute Surges]( [] --------------------------------------------------------------- [] This Busy Trader Clocks Out By 10:30 AM... On top of being a brilliant trader, Jeffry Turnmire is still a professional engineer. So he needed a strategy that fit his schedule. Then, he discovered an insane glitch in the market. Now, he trades for an hour at the opening bell, and clocks out for the rest of the day! [See how Jeffry trades these 60 Minute Surges]( [] --------------------------------------------------------------- [] [] The Market In Five Charts [Garrett Pic] Dear Investor, Market momentum is Red. The markets are closed today, but remember that cash is your best friend heading into the short week. Asian markets had a difficult start to the week, while Europe experienced a nice gain after last week’s decline. With the market closed today, I want to take a step back and look at the state of the market. The furious selloff that has transpired over the last few months shouldn’t surprise anyone who has been reading Haven Investment Letter. I wish I had better news. I do not like being bearish about the markets and your money, but we have a perfect storm. I have looked across the universe of financial crises, and there are plenty of comparisons to the 2008 recession, the 2020 COVID crash, the 2018 Fed-induced selloff, and even the 1937 depression. But plenty of data shows that this asset collapse is unprecedented. Buying opportunities will come… but we have to be patient. Today, I want to show you several charts illustrating this market’s realities. Please click on each image to see it in full size. Let’s dive in. History in the Making The Dow Jones has declined in 11 of the last 12 weeks. That’s never happened before. [Dow]( We have effectively wiped out all gains since the beginning of 2021. And with that decline… the most common portfolio strategy - 60% stocks and 40% bonds - is getting smoked this year. The drawdown of that 60-40 portfolio is comparable to the drops we witnessed in 2009 and 2020. [60/40 portfolio]( Now that drawdown is nothing when you look at the world of costly stocks that trade at outrageous multiples. The best example of this is witnessed in the Ark Innovation Fund (ARKK) holdings. This popular ETF experienced dramatic gains since the Federal Reserve began pouring trillions into the markets… and Congress poured trillions more in fiscal stimulus. But the party is over for this ETF. Cathie Wood’s technology-centered fund is now off 77% since its February 2021 peak. The exchange-traded fund (ETF) hit $156.58 on February 8, 2021. [ARKK]( Today, that ETF trades at $38.80. And it likely has a way to go. The Bond Markets Look Worse While the stock market continues to break down - and overvalued equities continue their descent - the bond markets aren’t faring any better. The financial returns of bonds have been dismal. And there’s no comparison historically to this decline that we’re witnessing. [Global Agg]( Corporate bonds and junk bonds could continue to slump as the Federal Reserve kicks off its Quantitative Tightening program this month and accelerates its selling over the next few months. And that brings us to our final chart. This is the amount of U.S. treasury holdings owned by the Chinese government. This is important because the Chinese government has been selling assets ahead of the Federal Reserve. [China US Treasury]( The U.S. central bank will sell about $47.5 billion in bonds and mortgage-backed securities this month. The number will ramp up to $95 billion in September, setting the stage for great volatility in the bond and equity markets. The U.S. can’t rely on other nations to help stop the bleeding, especially as they face their own fights against inflation. China isn’t the only nation poised to continue selling U.S.-based assets. A report I picked up over the weekend showed that the Swiss National Bank could start selling off U.S. stocks in the months ahead to provide more stabilization for the nation’s currency. The nation owns roughly $177 billion in FAANG stocks and might start unloading them in the coming months to boost its liquidity. These are the types of factors that can continue weighing against the stock market. It’s another reason I’m following my momentum readings and staying in cash when the market goes sideways. Tomorrow, we’ll talk about how to handle that cash. You don’t want your money just sitting in a savings account getting less than 0.1% interest. There’s a better way. We aim to remain liquid and look for buying opportunities when the dust settles. It feels like we’re only in the third inning of this selloff. I’ll be back again tomorrow when the market closes. Enjoy your day, [Garrett Sig] Garrett {NAME} Chief Analyst, American Markets [] --------------------------------------------------------------- [] [] The Market In Five Charts [Garrett Pic] Dear Investor, Market momentum is Red. The markets are closed today, but remember that cash is your best friend heading into the short week. Asian markets had a difficult start to the week, while Europe experienced a nice gain after last week’s decline. With the market closed today, I want to take a step back and look at the state of the market. The furious selloff that has transpired over the last few months shouldn’t surprise anyone who has been reading Haven Investment Letter. I wish I had better news. I do not like being bearish about the markets and your money, but we have a perfect storm. I have looked across the universe of financial crises, and there are plenty of comparisons to the 2008 recession, the 2020 COVID crash, the 2018 Fed-induced selloff, and even the 1937 depression. But plenty of data shows that this asset collapse is unprecedented. Buying opportunities will come… but we have to be patient. Today, I want to show you several charts illustrating this market’s realities. Please click on each image to see it in full size. Let’s dive in. History in the Making The Dow Jones has declined in 11 of the last 12 weeks. That’s never happened before. [Dow]( We have effectively wiped out all gains since the beginning of 2021. And with that decline… the most common portfolio strategy - 60% stocks and 40% bonds - is getting smoked this year. The drawdown of that 60-40 portfolio is comparable to the drops we witnessed in 2009 and 2020. [60/40 portfolio]( Now that drawdown is nothing when you look at the world of costly stocks that trade at outrageous multiples. The best example of this is witnessed in the Ark Innovation Fund (ARKK) holdings. This popular ETF experienced dramatic gains since the Federal Reserve began pouring trillions into the markets… and Congress poured trillions more in fiscal stimulus. But the party is over for this ETF. Cathie Wood’s technology-centered fund is now off 77% since its February 2021 peak. The exchange-traded fund (ETF) hit $156.58 on February 8, 2021. [ARKK]( Today, that ETF trades at $38.80. And it likely has a way to go. The Bond Markets Look Worse While the stock market continues to break down - and overvalued equities continue their descent - the bond markets aren’t faring any better. The financial returns of bonds have been dismal. And there’s no comparison historically to this decline that we’re witnessing. [Global Agg]( Corporate bonds and junk bonds could continue to slump as the Federal Reserve kicks off its Quantitative Tightening program this month and accelerates its selling over the next few months. And that brings us to our final chart. This is the amount of U.S. treasury holdings owned by the Chinese government. This is important because the Chinese government has been selling assets ahead of the Federal Reserve. [China US Treasury]( The U.S. central bank will sell about $47.5 billion in bonds and mortgage-backed securities this month. The number will ramp up to $95 billion in September, setting the stage for great volatility in the bond and equity markets. The U.S. can’t rely on other nations to help stop the bleeding, especially as they face their own fights against inflation. China isn’t the only nation poised to continue selling U.S.-based assets. A report I picked up over the weekend showed that the Swiss National Bank could start selling off U.S. stocks in the months ahead to provide more stabilization for the nation’s currency. The nation owns roughly $177 billion in FAANG stocks and might start unloading them in the coming months to boost its liquidity. These are the types of factors that can continue weighing against the stock market. It’s another reason I’m following my momentum readings and staying in cash when the market goes sideways. Tomorrow, we’ll talk about how to handle that cash. You don’t want your money just sitting in a savings account getting less than 0.1% interest. There’s a better way. We aim to remain liquid and look for buying opportunities when the dust settles. It feels like we’re only in the third inning of this selloff. I’ll be back again tomorrow when the market closes. Enjoy your day, [Garrett Sig] Garrett {NAME} Chief Analyst, American Markets --------------------------------------------------------------- [] Reclusive California Tech Wiz Reveals... the Perfect AAPL Trade [Apple products]( [See the reveal of this remarkable system]( --------------------------------------------------------------- [] [] Reclusive California Tech Wiz Reveals... the Perfect AAPL Trade [Apple products]( [See the reveal of this remarkable system]( --------------------------------------------------------------- [] [] [] >> Your Ticket << Exclusive Access to the Perfect Apple Trade Presentation If you ever thought that it’s way too late to see significant movement in major stocks like AAPL... You need to think again… The Perfect Apple Trade Has Been Discovered Thanks to the help of a maverick group of former Wall Street traders… and a state-of-the-art artificial intelligence platform… California tech wiz and renowned trader Micah Lamar has uncovered obscure “trade cycles” in AAPL shares capable of signaling major movement… All in a matter of days... These Aren’t Common Results Nearly all market analysts are clueless about these moves… But Micah’s proprietary system has been able to predict significant moves in AAPL stock… over and over again. Now, You Can See the System for Yourself! He’ll walk you through his AAPL system step-by-step… and answer the most common questions he sees... You’ll even be able to gain access to Micah’s proprietary Apple trading tool… Plus, you’ll see the remarkable results Micah’s system has returned, just by placing one trade on iconic Apple Inc., the crown jewel of tech stocks… [Click here to gain immediate access to this presentation]( You’ll be one of the lucky few to see the Perfect Apple Trade system yourself… And meet the brilliant inventor behind this system… [Catch it all here]( --------------------------------------------------------------- [] [] [] >> Your Ticket << Exclusive Access to the Perfect Apple Trade Presentation If you ever thought that it’s way too late to see significant movement in major stocks like AAPL... You need to think again… The Perfect Apple Trade Has Been Discovered Thanks to the help of a maverick group of former Wall Street traders… and a state-of-the-art artificial intelligence platform… California tech wiz and renowned trader Micah Lamar has uncovered obscure “trade cycles” in AAPL shares capable of signaling major movement… All in a matter of days... These Aren’t Common Results Nearly all market analysts are clueless about these moves… But Micah’s proprietary system has been able to predict significant moves in AAPL stock… over and over again. Now, You Can See the System for Yourself! He’ll walk you through his AAPL system step-by-step… and answer the most common questions he sees... You’ll even be able to gain access to Micah’s proprietary Apple trading tool… Plus, you’ll see the remarkable results Micah’s system has returned, just by placing one trade on iconic Apple Inc., the crown jewel of tech stocks… [Click here to gain immediate access to this presentation]( You’ll be one of the lucky few to see the Perfect Apple Trade system yourself… And meet the brilliant inventor behind this system… [Catch it all here]( --------------------------------------------------------------- [] [] Article Recap - [The Market In Five Charts](#i572731) - [Exclusive Access to the Perfect Apple Trade Presentation](#156379) --------------------------------------------------------------- [] Article Recap - [The Market In Five Charts](#i572731) - [Exclusive Access to the Perfect Apple Trade Presentation](#156379) --------------------------------------------------------------- [] © 2022 Godesburg Financial Publishing, Inc. DISCLAIMER: COMMUNICATIONS FROM GODESBURG FINANCIAL PUBLISHING (GFP) ARE FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY – NOT INVESTMENT ADVICE: GFP and all the services it offers are for educational and informational purposes only and should NOT be understood to be securities-related offers or solicitations. None of GFP’s communications should be considered or used as personalized investment advice. GFP recommends that you speak with a licensed professional before making any investment decision. RESULTS PRESENTED ARE NOT NECCESSARILY TYPICAL OR VERIFIED: GFP communications may include information regarding the historical trading performance of gurus in their services (all verified by a third party), as well as testimonials of non-employees depicting profitable investments and trades that are believed to be true based on the representations of the persons providing the testimonial of their own free will. Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. HIR, its owners or employees, have not been - or ever will be - paid by the issuer of a security mentioned in our services or communications. GFP, its owners and employees are paid entirely or in part from commissions based on sales of their services to subscribers. For more information, please visit [our disclaimer page here.]( Sent to: {EMAIL} [Unsubscribe]( Godesburg Financial Publishing Inc., 251 Little Falls Drive, Wilmington, DE 19808, United States [] © 2022 Godesburg Financial Publishing, Inc. DISCLAIMER: COMMUNICATIONS FROM GODESBURG FINANCIAL PUBLISHING (GFP) ARE FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY – NOT INVESTMENT ADVICE: GFP and all the services it offers are for educational and informational purposes only and should NOT be understood to be securities-related offers or solicitations. None of GFP’s communications should be considered or used as personalized investment advice. GFP recommends that you speak with a licensed professional before making any investment decision. RESULTS PRESENTED ARE NOT NECCESSARILY TYPICAL OR VERIFIED: GFP communications may include information regarding the historical trading performance of gurus in their services (all verified by a third party), as well as testimonials of non-employees depicting profitable investments and trades that are believed to be true based on the representations of the persons providing the testimonial of their own free will. Please be aware that the claims regarding investing or trading results of non-employees are not tracked by GFP nor can they be verified. As always, past performance is not necessarily indicative of future results. Therefore, results presented in this email should NOT be considered TYPICAL. Actual results can and will vary based on everything from experience, ability, risk mitigation practices, and market volatility... to the amount of money exposed in the investment or trade. Investing and trading are speculative and carry serious risk. You may lose some, all - or possibly more - than your original investment or trade. GODESBURG FINANCIAL PUBLISHING IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER: GFP, including its owners and employees, are NOT registered as securities broker-dealers, brokers, or any sort of registered investment advisors with the U.S. Securities and Exchange Commission, any state securities regulatory authorities, or any self-regulatory organizations. GODESBURG FINANCIAL PUBLISHING EMPLOYEES MAY HOLD SECURITIES DISCUSSED: If a writer holds any securities in a communication, it will be disclosed along with the information on the potential investment or trade. HIR, its owners or employees, have not been - or ever will be - paid by the issuer of a security mentioned in our services or communications. GFP, its owners and employees are paid entirely or in part from commissions based on sales of their services to subscribers. For more information, please visit [our disclaimer page here.]( Sent to: {EMAIL} [Unsubscribe]( Godesburg Financial Publishing Inc., 251 Little Falls Drive, Wilmington, DE 19808, United States