Stock Power Daily — Buy a Gig Work Stock ... in This Economy?!

Stock Power Daily: January 9, 2023. [Turn Your Images On] Managing editor’s note: Mike Carr is just days away from showing you his newest strategy to profit during the Silicon Shakeout. Tech stocks struggled during 2022, and Mike sees more losses on the horizon. But that’s the perfect environment for his trades that he believes have the opportunity to gain 442%, 564% and even 824% before the summer! [Click here]( to sign up for his free presentation on Thursday. — Chad Stone --------------------------------------------------------------- [High-Risk Gig Economy Stock Doesn’t Work in This Market]( - The “gig economy” took hold in the U.S. at the height of the COVID pandemic. - Our Stock Power Ratings system helps you find stocks to buy … and ones to stay away from. - Today’s Stock to Avoid is a popular freelance job service that rates a terrible 6 out of 100. [Turn Your Images On] [Matt Clark, Research Analyst]( The COVID pandemic sparked an already thriving “gig economy” in the U.S. — a labor market driven by short-term contracts and freelance work instead of full-time positions. Studies show the number of freelancers jumped from 62.2 million in 2019 to 64.8 million in 2022. While “gig economy” growth is strong, our Stock Power Ratings system shows that not all companies involved are great investments. This is the case with today’s Stock to Avoid. [Click here or on the image below to find out why…]( [Turn Your Images On]( --------------------------------------------------------------- [Turn Your Images On]( From our Partners at Banyan Hill Publishing. [“Why I Plan to Trade the Worst Stocks This Year”]( In a bull market, you want to buy the best stocks you can get your hands on. But in a bear market, Mike Carr says you want to trade the WORST stocks. He’s completed a system that would have returned some exceptional returns in 2022, including a 596% in three weeks following the worst one-day wipeout in any stock in history. But he says the potential profits in 2023 may be greater, and he’s prepared three trades for folks who tune in January 12. [Click here to sign up for this free event.]( --------------------------------------------------------------- Personal Savings Plummet Indicates Fed Went Too Far [Turn Your Images On] [Michael Carr, Editor, The Banyan Edge]( During the pandemic, stimulus checks boosted savings. One reason was because consumers had fewer places to spend the money. Online shopping met many needs, but some consumers saved up for vacations and other experiences when the world reopened. Those savings resulted in a record high balance in personal savings which peaked above $4.8 trillion in the second quarter of 2020. The most recent data shows savings fell to $507 billion, less than the $1.8 trillion consumers had on hand before the pandemic: [Turn Your Images On] [(Click here to view larger image.)]( With savings down, spending will slow and inflation should ease. But the Fed has raised interest rates seven times and each hike can take a year to affect the economy. With consumers already slowing down and Fed hikes set to slow the economy further throughout 2023, a deep recession is now possible. --------------------------------------------------------------- Check Out Our Most Recent Power Stocks: - [STRONG BULLISH MINER USHERS IN NEW GOLD BOOM]( - [1 CRITICAL METALS SUPPLIER FOR A MASSIVE AEROSPACE BOOM]( - [CABLE TV EXODUS REVEALS 1 SINKING STREAMING STOCK]( 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. 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