Horseshoes, Hand Grenades, and Figuring Out the Fed

How to play Warren Buffett's OXY moves [Money Morning LIVE] Wednesday, July 05, 2023 Horseshoes, Hand Grenades, and Figuring Out the Fed --------------------------------------------------------------- Dear Reader, We hope you had a great Fourth of July holiday filled with family, fun, and fireworks... plus, plenty of beer if you caught Monday's issue! But now it's time to rub the sleep from our eyes, shake off any hangover, clear our ears of the ringing of fireworks, and prep for what will be a furious few days of news. Up first, everyone's favorite data release...Federal Open Market Committee (FOMC) minutes at 2:00 PM ET. These are backward looking, but they'll likely show the debate over holding rates unchanged for the first time in 15 months. Drama between governors and presidents always grabs the market's attention. Plus, we'll get a peek into how steely the Fed's resolve is to bring inflation down to its 2% target. Of course, investors are looking for any evidence of a "horseshoes and hand grenades" moment... whether 2% is truly the end of the road or if 3%, 3.5%, or somewhere inbetween is "close enough." But there seems to be no stopping this bull's charge. The Nasdaq soared in June... That's five months of gains out of six in 2023. Clearly investors aren't convinced the Fed is going to blink. But the mood can always change quickly if the tone into today's minutes feels hawkish. We know Fed Chair Jerome Powell continually chirps that there's more work to be done. But how much? Friday's rally was driven by the monthly Personal Consumption Expenditures release - the Fed's preferred inflation gauge. And it showed inflation at its lowest level since April 2021. That inches us ever closer to those "horseshoes and hand grenades" levels. Now, regardless of which way the minutes lean on today's FOMC minutes, we're not concerned. And you shouldn't be either. There's always a path to profits. And as always, our Money Morning strategists are tracking the markets closely, identifying the best opportunities, no matter whether we see evidence of another pause, skip, or hike... --------------------------------------------------------------- Across Money Morning --------------------------------------------------------------- It's Not Too Late to Invest in AI - if You Know How... With AI expected to add $15 trillion to the economy by 2030, you should want to profit from the "renaissance." But a lot of the public players with stake in AI are already pricey. For example, 100 shares of Microsoft (MSFT) will set you back roughly $35,000. That's why Tom Gentile laid out two unique ways to invest in A.I. - without buying a single stock. And not only are these methods more cost effective, they carry even bigger upside. [Click here to discover these alternative - and very profitable - methods for staking your claim to AI profits](... The Smartest Play on Consumer Discretionary Stocks Right Now... The American consumer has had a hard time of it lately, but don't be fooled: this is a "down but not out" situation. [They're still a potent market force to be reckoned with]( no matter what the media says. People are still swiping credit cards and buying everything from cars to vacations. Chris Johnson released a play on the SPDR Consumer Discretionary Select Sector ETF (XLR) last week, and now he's looking at big opportunities in specific stocks there. [Here's the play](... One Simple Strategy for Playing OXY and the "Buffett Buy Zone"... It's an open secret that Warren Buffett, the "Oracle of Omaha" has been loading up on Occidental Petroleum stock. Berkshire is cleared to buy 50% of shares outstanding, and he's dead-set on it. If you look at the data, like Garrett {NAME} has, you'll see [there's a crystal-clear pattern]( to his stock buys - there's a price level Buffett finds irresistible. Armed with this information, [there's an easy, cheap options play on OXY to make that has an 86% probability of success right now](... The Weird Way ChatGPT Can Pick Stock Trades... The rockstar AI tool can write emails, book vacations, build businesses, and even code websites for you. There's one group of users out there who are even [using it to play Wall Street](. But, there's a big unanswered question: Is it any good at picking stocks? Tom Gentile put this popular AI to the test, [and the results were unexpected. Here's his demonstration](... With One Click, You'll Get the Most from Money Morning... When you subscribe to our free Money Morning Daily e-letter you get a lot more - two daily market updates from our experts so you'll always know where your money stands. Even better, every issue is packed with our team's stock and trade recommendations, too. 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