How Russia Was the Canary in the Coal Mine

I saw the early warning sign of trouble ahead… [Turn Your Images On] [How Russia Was the Canary in the Coal Mine]( [Turn Your Images On] [Adam O'Dell, Chief Investment Strategist]( My home state being West Virginia, I know a thing or two about coal. The expression “canary in the coal mine” is metaphorical today and refers to an early warning, a sign of trouble ahead. But back in the day, miners would bring canaries into the mine shafts with them. If the bird stopped singing and dropped dead, it warned the miners of the presence of poisonous gas. Well, back in January, I saw the canary in the coal mine when Russian stocks started to sell off aggressively. As of January 12, Russian stocks were down 17% over the prior three months. And remember, we started this year with most global markets surging higher after a strong finish to 2021. Two weeks later, Russian stocks’ rolling return had deteriorated further, falling 28%. That was six weeks ago, and it’s only gotten more extreme. Now Russian stocks are down 80%! Brazilian stocks are up 15% over the same time, which means the spread between the stock markets of these two top-15 global economies is nearly 100% — insane, especially over just three months! [Find out why I don’t see this spate of volatility ending anytime soon.]( Suggested Stories: [Gold vs. Bitcoin: Your No. 1 Safe Haven Today]( [Did You Take Part in the Great Resignation?]( --------------------------------------------------------------- FROM OUR PARTNERS [Do You Own Gold?]( [Somebody recently decided to buy a LOT of gold.]( And I think I know why... It's all about a meeting that's scheduled for March 16. If you own gold (even just a few ounces of it), you've got to see what could be happening. The big announcement just might be days away. [Click here now.]( --------------------------------------------------------------- Earnings Edge [2 Stocks for a Volatile Market (RYAN & CWC)]( [Turn Your Images On] [Chad Shoop, Editor]( One thing is certain in these uncertain times: Volatility isn’t over. President Biden tried to attribute February’s 40-year high inflation to Russia’s invasion of Ukraine and the resulting sanctions. In reality, sanctions on Russia are not reflected yet. The little bit that we have seen in March already is just the start. We already see a correction in the market, and because of that, almost all the stocks set to report earnings this week are in a downtrend at the moment. [Except for two...]( Suggested Stories: [From Pandemic to War: Struggling Supply Chain Offers Opportunity]( [One Value Cannabis Stock to Beat Downturn + ETF Update]( --------------------------------------------------------------- FROM OUR PARTNERS [“Why My EV Is About to Be Obsolete”]( In [my new video]( I reveal why this is the biggest opportunity yet in electric vehicles (EVs). A former Tesla employee just released a brand-new innovation promising to make every EV out there instantly obsolete, setting up a new market 10X bigger than EVs — and you can buy in right away. [Click here to see how you could profit.]( --------------------------------------------------------------- Chart of the Day [Turn Your Images On] [Michael Carr, Editor]( [Inflation Will Worsen This Wage Trend]( Income allows families to maintain and — ideally — improve their standard of living. Families understand that wages are one piece of the equation. Inflation is the other. Higher salaries that fail to keep up with inflation don’t allow families to maintain their standard of living. Forget about improving it. Economists call income after inflation “real income.” [And the chart below tells us that inflation will slow real income growth even further.]( [Turn Your Images On]( Suggested Stories: [What Inflation Expectations Say About Next Week’s Rate Hike]( [S&P 500 Correction Shouldn’t Spark Panic — Time to Get Tactical]( [Turn Your Images On] 1983: OPEC agreed to cut its oil prices by 15% for the first time in its 23-year history. Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. 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