The Green Tragedy... and Red Momentum

Do you want the good news first or the bad? Wednesday, September 13, 2023   Index Momentum S&P 500 RED Nasdaq RED Russell RED The Green Tragedy… and Red Momentum This morning’s CPI reading didn’t surprise anyone except for Paul Krugman. The embarrassing (but never embarrassed) economist has said over the last few months that inflation is falling. The same message goes for sycophants who are: Protecting their political asses. Doing all they can to deflect from the inflation they caused by printing and borrowing trillions of dollars (and running massive deficits for Keynesian spending nonsense. Failing basic economics when it comes to how money works. Yes, the Consumer Price Index (CPI) came in at 3.7%. That’s “Down” from the 8.5% we saw at this time last year… But it’s a 3.7% increase on top of the 8.5% increase from last year if you choose to believe their numbers. Inflation is still GOING up. Someone get the Nobel Laureate a compress for his head, as it’s clear he bumped it hard while trying to claim that two years of inflationary pressures is still somehow “transitory.” Today, we saw momentum turn back negative after one day of neutral readings. Capital seems to be staying in the market, but there’s been a big pump into utilities and energy in recent days. A lot of people think that the Fed is done raising interest rates. But they’re still missing the big picture. We’re running massive deficits, liquidity remains ample in the global system (collateral quality isn’t great though), and this spending just isn’t sustainable. The Treasury Department has trillions of dollars in debt to roll over in the next 12 to 18 months. And they need that debt to roll over at longer-term periods (see 10 years). The problem is that you’re way better off buying short-term debt than long-duration bonds. And… eventually, you’ll have to roll that same debt over again… and over again… and over again. The Treasury is trapped in a cycle of its own doing. You can thank Janet Yellen, our Treasury Secretary, for this mess. History will not be very kind to the period where she went from a boring academic to an outright politician and the face of reckless spending. And speaking of reckless...[Click here to continue reading this postcard...]( Stay positive, Garrett {NAME}     PREMIUM CONTENT Dive into an in-depth analysis of Crescent Energy, a rising star in the energy sector and one of my top energy choices for 2023-2024. Guided by John Goff's strategic prowess and bolstered by a game-changing partnership with KKR, Crescent has set new benchmarks in the energy sector. Beyond its compelling backstory, this video uncovers the mechanics of Crescent's success, illuminating its strategy, potential, and future trajectory. [Sneak A Peek Inside the Trading Room](   REPORTS [The Momentum Handbook]( [The Secret to Huge Value Investing Profits]( [Twitter]( [Youtube]( [Instagram]( [Tiktok]( [Discord]( [LinkedIn]( You are receiving this e-mail at {EMAIL}, as part of your subscription to Postcards. To remove your email from this list: [unsubscribe here]( Please do not reply to this email as this address is not monitored. To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Postcards | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ­ Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication prior to following an initial recommendation. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions]( | [Email Preferences](