Stop Waiting For the Pivot

Do this instead. [Altucher Confidential] December 01, 2022 [WEBSITE]( | [UNSUBSCRIBE]( Wall Street has been hung up on this idea of pivoting for months, and frankly, it’s cost investors a fortune. [Hero_Image] Stop Waiting For the Pivot By Chris Campbell “The Situation Is Getting Worse By The Day” That’s what the President of the US Chamber of Commerce just said about the supply chain. If you thought the supply chain issues were over, think again… Things are about to get much, much worse. And everything from your local grocery store to your gas station could be impacted. That’s why I’m urging everyone I can to prepare now… [To see the #1 move to make before this problem gets any worse, click here now.]( [Chris Campbell] CHRIS CAMPBELL "There is time to go long, time to go short, and time to go fishing." That’s a quote from legendary trader Jesse Livermore. If you’re a trader, this is a terrible time to be in the markets. It’s probably time to go fishing. Uncertainty is sky high. Everyone’s desperate for a pivot. “Wall Street has been hung up on this idea of pivoting for months,” says our colleague Bob Byrne, “and frankly, it’s cost investors a fortune.” Below, Bob will reveal why the market is acting irrationally… and whether or not he’s bullish on a Fed pivot in the near future. Before we go there… There’s something ELSE you can do instead of waiting for the Fed to pivot… LAST CALL: TODAY @ 7:00pm EST We’re only hours away from one of our biggest events of the year. And we want to make sure you don’t miss it. Again, it’s the first time we’ve done anything like this… Jim Rickards, James Altucher, and Ray Blanco are joining forces and inviting readers to leverage their experience… connections… networks… AND invest alongside them. This is a brand new opportunity that NONE of our readers have ever seen in the history of our company. (It’s not stocks, bonds, crypto, or commodities.) But it’s one that Rickards, Altucher, and Blanco ALL agree is the right move in this economy. On Thursday, Dec. 1, 7PM EST -- yep, TODAY-- they’ll reveal everything you need to know. Grab your free seat [right here at this link.]( And read on. [Please view this warning now]( [Click here for more...]( “Under Joe Biden, I used to think economic collapse was inevitable. But now I expect the consequences will be even worse. If I’m right, it’ll be worse than any recession, depression, or crash in my lifetime.” ~ Jim Rickards, Ex-Advisor to the Pentagon and CIA Will They or Won’t They (Pivot) Bob Byrne Investors have been waiting for the Federal Reserve to pivot from its restrictive interest rate policy since it first raised them on March 17, 2022. Unfortunately, most on Wall Street have ignored one Fed official after another as they said rates need to remain elevated for a prolonged period to ensure a sustained reduction in inflation. As a reminder, the Fed hiked rates by 25 basis points in March, 50 basis points in May, and 75 basis points in June, July, September, and November. And according to the CME FedWatch Tool that tracks the market’s expectation for future rate hikes, most investors expect the Fed to hike rates by another 50 basis points in mid-December. Wall Street has been hung up on this idea of pivoting for months, and frankly, it’s cost investors a fortune. After the early November rate hike, we heard from San Francisco Fed President Mary Daly, Cleveland Fed President Loretta Mester, Kansas City Fed President Esther George, and Dallas Fed President Lorie Logan. They all communicated virtually the same message. Federal Reserve officials believe the economy could require a higher interest rate for some time. And this is code for stop with all the silly pivot positioning. Put another way, while the Fed is likely to reduce the size of its rate hikes, the FOMC appears unanimous in its decision to keep rates elevated until inflation is well on its way back toward 2%. So are these bear market rallies warranted? Probably not. But that doesn’t mean stocks can’t continue to rally for a while longer. Remember, the best and most powerful rallies occur during the worst markets. You probably don’t remember how stocks traded in October 1931, but the Dow Jones Industrial Average gained an incredible 12.34% on October 6. But for the entire month, the index only gained about 2%. And in November 1931, the DJIA plummeted by 18%. A more recent example is October 13 and 28, 2008. The DJIA gained around 11% on both days but still declined 8.6% for the month and racked up losses for the following four months. Again, the most powerful rallies occur within the context of the worst bear markets. And while the recent rally may have further to run, the fact that rates are likely headed higher, S&P 500 company estimates need to come down, and the odds of a recession in 2023 remain elevated are all reasons to avoid getting too bullish too soon. Regards, Bob Byrne For Altucher Confidential Urgent Notice From Paradigm CIO Zach Scheidt! [Click here for more...]( Hi, Zach Scheidt here… I’m the Chief Income Officer at Paradigm Press. With inflation raging (and showing no signs of coming to an end any time soon), almost everyone in America is feeling the pain in a big way. Which is why, several months ago, I set out on a big mission… my goal was to create a [complete, step-by-step plan to surviving and beating inflation…]( one that anyone could take advantage of. Today, after hundreds of hours of research, I’m revealing all of my findings. [Simply click here now to see how to survive America’s deadly inflation crisis.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2022 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. 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