The Rich Get... Poorer?

Things continue to get worse in nearly all areas of the economy [View in browser]( BROUGHT TO YOU BY: Proprietary Data Insights Top Large- and Mega-Cap Searches This Month Rank Name Searches #1 Tesla 830,132 #2 Apple 591,766 #3 Bed Bath & Beyond 527,931 #4 Nvidia 452,548 #5 Eversource Energy 358,705 #6 Amazon 315,214 #7 Advanced Micro Devices 251,899 #8 Alibaba Group 183,905 #9 Microsoft 182,452 #10 Allstate 169,605 #ad [Millionaire Trader Drops Bombshell.]( Bad News Across the Board - The Dow ended September down 8.8%. - The S&P 500 was off 9.3%. - The Nasdaq declined 10.5%. - In Q3, the Dow, S&P 500, and Nasdaq were down 6.7%, 5.3%, and 4.1%, respectively. - The 30-year mortgage interest rate hovers just under 7%. - Inflation in the EU hit a record 10% in September, up from 9.1% in August. - Inflation in the U.S. remains robust at 8.3%. - Gas prices are on their way back up. Nationally, they increased roughly 8 cents in the last week. In California, they’re up about 58 cents since last week. How did the 10 most searched large- and mega-cap stocks in our proprietary Trackstar database fare in September? Not well! Tesla (TSLA) (-4.3%), Apple (AAPL) (-12.5%), Bed Bath & Beyond (BBBY) (-30.1%), Nvidia (NVDA) (-12.9%), Eversource Energy (ES) (-14.2%), Amazon (AMZN) (-11.6%), Advanced Micro Devices (AMD) (-23.0%), Alibaba (BABA) (-14.6%), Microsoft (MSFT) (-10.6%), Allstate (ALL) (+2.6%). The only gainer, Allstate. You probably don’t own it. More power to you if you do. It’s up 8% YTD and has increased its dividend 11 years in a row. Wake me up when September ends. Because it sucked. Seems like we all need some good news. Even the relatively rich. More high earners are living paycheck to paycheck, as The Juice details if you scroll with us. Brought to you by [Jeff Clark Trader]( [The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of]( Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options. [Watch his 32-second options trading "training video" here.]( Economy The Rich Get… Poorer? Key Takeaways: - A majority of Americans still live paycheck to paycheck… - …even people making more than $100,000 a year. - Some people who are struggling have turned to increasingly expensive credit card debt to make ends meet. The Juice likes to regularly update the status of the paycheck-to-paycheck consumer. Increasingly, it appears that U.S. households struggling to make ends meet are in a relationship with debt. See what we did there? For the record, Meta (META), which owns Facebook, was down a whopping 18% in September, worse than all but two of the top 10 aforementioned Trackstar stocks. Anyhow, 89% of people earning over $100,000 own stocks. They could probably use a good October in the markets to take the edge off. - 45% of people making six figures report living paycheck to paycheck in August, up from 38% last year. - Some good news: The number of people making $200,000 or more and living paycheck to paycheck decreased from 30% to 28% between July and August. So maybe most of the hardship exists in the $100–$200K range? - More bad news: Across the income spectrum, 60% of Americans lived paycheck to paycheck in August, up from 55% a year ago and 59% in July. Turning to Debt - Among households with credit card balances, 60% have been in debt for at least the last year. That’s up substantially from 50% in 2021. - 46% of credit card users who carry a balance report using debt to cover emergencies or unplanned expenses. - 24% use cards to finance day-to-day living, such as groceries, utilities, and childcare. At the same time, overall credit card balances are down 4% from the end of 2019. This indicates a consumer economy with the financially strong and stable up top and growing subsets of people occupying the lower rungs of the ladder. [Best Time to Buy Tech Stocks Since 2000 (and the #1 Bargain Now)]( After the tech bubble popped in 2000, there were some amazing bargains available… You could get Amazon for just $6! I believe this time is no different. After the recent tech sell-off, some incredible companies are trading at discounts we’ll likely never see again in our lifetimes. And I believe I have the name of the #1 bargain right now. This is a tiny Silicon Valley company that’s using AI to do something incredible. [To get the whole story, including details of my #1 tech bargain, click here now.]([Ad] The Bottom Line: No matter how much money you make, it’s difficult when you can’t make ends meet. Whatever your financial position, it’s rarely a good time to turn to credit cards. And right now might be the worst time. When the Fed hikes rates, it doesn’t impact just mortgages. The average interest rate on credit cards stands at just under 18.5%. Of those carrying debt, 46% say if interest rates keep going up, it will be difficult for them to keep up with minimum monthly payments. Not good. Because if you make a $127.08 monthly minimum payment on a $5,000 credit card balance at an 18.5% APR, it’ll take you five years and one month to pay off the balance. You’ll shell out nearly $2,750 in interest. In this equation, the (relatively) rich definitely don’t get richer. News & Insights Freshly Squeezed - [12 Best Hemp Stocks To Buy Now]( - [3 Immediate Threats to Your Wealth (Ad)]( - [Chesapeake Energy’s 9.5% Dividend Yield Attracts Value Buyers]( - [Over 20% Of The S&P 500 Is Made Up Of 5 Stocks, Let’s Talk About Them! Apple, Microsoft, Google, Amazon, And Tesla!]( [We want to hear from you! 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