Back to the Future with “AI.com”

Just tell the market you’re heavily investing in AI, and enjoy the rally! [The Rude Awakening] March 01, 2024 [WEBSITE]( | [UNSUBSCRIBE]( Back to the Future with “AI.com” [Sean Ring] SEAN RING February 2024 Monthly Asset Class Report Remember in the late 90s when every company started adding “.com” to their official title? All those companies shot to the moon by March 2000, only to crash down to earth once the NASDAQ crash came a tumbling. We’re in the upward lift of a new melt-up led by companies who’ve convinced the market they’re “AI-driven.” And that’s just fine by us. Because the NASDAQ made roughly 30% in the last leg of that crazy rally. Yesterday, the Nazzie hit a new all-time high, its first since 2021. And we have a long way to go before this rally fizzles. And remember, the Fed will still almost certainly cut rates in the middle of the year. Since Americans - especially Democrats - think this next election is between life and death, the Powell Put may be more important than the Greenspan Put ever was. Sure, there will come a time to lay your cards down and quit this unholy game of poker. But as Aragorn once said, “It is not this day.” Since this is all quite inflationary, Bitcoin and Ether popped hard, with Bitcoin near its all-time high. The rest of the crypto space is doing well also, with some altcoins returning over 100% in the last quarter. Gold has closed above $2,000 for the last four months. We’ve found our new floor and launchpad for the next rally to $3,000. Silver has been a yawn but won’t wake up until gold does. As Rick Rule says, “First fear, then greed.” Let’s see if oil can escape its holding pattern and rally. With that in mind, let’s get to the charts. S&P 500 [S&P 500] Looking at this chart, there’s no reason in the world to be short. We may take a breather in the coming weeks, but I’d still participate in this rally. The long-term target remains 6,000. Nasdaq Composite [Nasdaq Composite] ***NEW MONTHLY CLOSE RECORD OF 16,091.92*** The markets shrugged off last month’s end-of-month sell-off. Again, NVDA shows no sign of slowing down, healthy or not. The MAG 7 keeps plugging away. The long-term target is 17,350. Russell 2000 (Small caps) [Russell 2000 (Small caps)] We bounced off the 50-day moving average last month, rallying from 192 to 203. I’m leaning bullish here. If the Russell takes off, that’ll put an exclamation mark on the broader and bigger market rallies. The US 10-Year Yield [The US 10-Year Yield] I got this wrong last month. The 10Y increased 26 bps to 4.25%. And yet, the market shrugged this off. Tough to tell: the next FOMC meeting is at the end of March. Dollar Index [Dollar Index] I was looking for the next target of 105.5, followed by 106.5. But we may have topped out here. Indeed, this could be the beginning of another dollar plunge. I’d look for 101, followed by 99.5. USG Bonds [USG Bonds] It was a dull month, with TLT dropping only 2 points to 94.18. It may remain rangebound, but the best guess at the next target is 90. Investment Grade Bonds [Investment Grade Bonds] We fell a few more points to 107.66 (from 110). I imagine it’ll stay rangebound but maybe get down to the 106-105 area. High Yield Bonds [High Yield Bonds] It can’t seem to get over the 77.50 hump. The upside target is in the 90s. I’d still be wary of a minor reversal if we don’t see an upside breakout soon. Real Estate [Real Estate] Put a hold on that reversal I called last month. We may be heading back up. The first target is 89, then 94. Energy: West Texas Intermediate (Oil) [Energy: West Texas Intermediate (Oil)] We’re back to 78.26. Between Israel, Hamas, the Houthis, and the Suez being shut, I can’t believe we’re still under $80. That’s the best indication the world economy is weak. Still, absent a universal peace, I can’t see this lasting. I’m looking at 83, at least. [Mainstream Media Misses the Real Story on Apple]( While the mainstream media is focused on Apple’s BIG announcement, they're missing the real story… An opportunity to potentially 10X your money in the same way seen triggered four times in Apple’s forty-year career. [Click here for the full story on Apple <<]( [Click Here To Learn More]( Base Metals: Copper [Base Metals: Copper] Rangebound and boring. Until we break above 3.95 or below 3.55, there’s not much to be had here. Precious Metals: Gold [Precious Metals: Gold] The chart shows $2,054/oz. And it’s the fourth straight monthly close above $2,000! I’m still bullish and think we’ll reach $3,000. But it will be a far more brutal slog than we imagined unless we get a surprise rate cut, which I can’t see happening. Precious Metals: Silver [Precious Metals: Silver] From last month: Sideways Silver strikes again. There is nothing to report other than to hang on to your holdings. It’ll be worth it. We just need to get above $26 first. Cryptos: Bitcoin [Cryptos: Bitcoin] We blew through the target of $47,000. Now, we’re flirting with the ATHs. Next stop: $66,500. Cryptos: Ether [Ether] We blew through $2,820 all the way to $3,352. For Ether, the sky’s the limit. Trad Asset Class Summary [Trade asset] Stocks were up 3.87% this month. Commodities finished second, with a 1.99% return. Oddly enough, the dollar also finished positively, up 1.19%. Bonds got trounced, losing 3.88%. Crypto Class Summary [Summary] Ether, Dogecoin, and Bitcoinshot the lights out, returning over 45% each. Ripple and Litecoin were up by double digits. Monero was hammered, down nearly a fifth. Wrap Up Stocks, crypto, and gold. It’s a pretty simple formula. May the rally continue until the morale improves. Finally, let’s take a moment, courtesy of the Twitterverse: [meme] Have a great weekend! All the best, [Sean Ring] Sean Ring Editor, Rude Awakening X (formerly Twitter): [@seaniechaos]( In Case You Missed It… What a Surging Bitcoin Means For You [Sean Ring] SEAN RING I know what you’re thinking when you read headlines like the above. “Seanie, my friend, I don’t have $63,000 to spend on a ‘coin’ that doesn’t even exist.” After all, a “Bitcoin” is just an entry in a distributed ledger. It isn’t tangible. You can’t hide it in a safe with gold and silver coins. (Although you can hide the cold storage device on which you’re storing your Bitcoin.) It’s just too pie-in-the-sky for most investors now. And buying a few “Satoshis?” Who wants to do that? Satoshis are the smallest denomination of a Bitcoin. There are one million satoshis to every Bitcoin. And let’s face it: when Bitcoin was $16,000 only four months ago, no one wanted it. It was still too expensive for most. But I’m not here to tell you to buy Bitcoin. I’m here to tell you why Bitcoin’s high price is a signal that there are vast opportunities out there for you. Find, Listen, Invest A few weeks ago, I mentioned my friend, G, a former partner at Goldman Sachs. He never told me explicitly, but I’m sure he’s worth over $100 million. We were in the pub when I asked him, “How do you do it? What’s the secret of your success?” He said, “Honestly, about three people in Goldman know what they’re talking about. I listen to everything they say and invest accordingly.” While I thought that was great advice, I haven’t been able to apply it until now. All of my colleagues at Paradigm are worth listening to. But right now, two of them are on fire with their calls. And I, myself, have profited immensely from listening to them and investing accordingly. So, while I agree with Jim Rickards’ macro picture, I’m still taking advantage of opportunities that my colleagues James Altucher and Ray Blanco present to us. Altucher’s Golden Touch One of the Rude’s Four Pillars of Wealth is to “dip your toe in crypto.” And for most new investors, I recommend a bit of Bitcoin, but no more than 2% of your wealth. Small ball. If you lose it all, it makes no material difference to your retirement. But I’ve learned that when Bitcoin is soaring, the other coins also fly. Usually, this coincides with a bull market in tech stocks. First, the crypto. James has been very public in his support of Render (RNDR). I was late to James’ Render party. But since I bought it last November (James recommended it at the Paradigm Shift Summit in Las Vegas in October), my RNDR position is up 182.18%. Two other coins James liked and I bought are up 222.86% and 173.54%. Then there are James’ stock picks, as well. As a Bitcoin rise is good for the rest of the crypto ecosystem, Apple innovations are great for the tech sector. But James isn’t recommending AAPL, which is already expensive for most. James is looking at [a tiny $2 company crucial to Apple’s Vision Pro](. It has the potential to double or triple your money before the end of the year – and it could skyrocket 1,000% over the next three to five years. For full disclosure, I’ve already invested in[James’ pick](. It can’t hurt to look. [James Altucher: THIS is my top AI investment pick]( I’ve been called a “genius investor” by my fans… And an “eccentric millionaire” by some others. I think it’s because I make big predictions that [tend to come true.]( Today, I’m making my boldest prediction ever. Revealing the AI stocks I believe… Could turn as little as $10,000… Into $1 MILLION over the next few years. To show you I’m serious about helping you get in on this opportunity, I’m giving away one of my top 5 AI 2.0 stock picks – free. [See my top 5 pick here now.]( [Click Here To Learn More]( Blanco’s Ballsy Calls My colleague Ray Blanco has been steaming hot lately as well. From Ray’s [Catalyst Trader]( This week, our Catalyst Trader open position Viking Therapeutics Inc. (NASDAQ: VKTX) reported 13-week Phase 2 trial data for VK2735, its own in-house developed GLP-1 drug VK2735 has the added benefit of also targeting GIP receptors, boosting its metabolic effects. The effects of Viking’s drug are amazing. At a weight loss of 14.7% from the start of the trial, 13-week data shows a benefit almost twice as good as Eli Lilly’s Zepbound, which in turn is superior to Novo Nordisk’s Ozempic. And it did so with competitive tolerability. The market’s reaction to the data is also stunning, with shares of VKTX surging 150% since the data release as I write this, putting us at a gain since we entered VKTX in December of over 400%. Not bad for a catalyst trade in just over two months! I am going to recommend we take some profits today, but leave some money on the table for further gains. After a 400% gain, Ray recommends liquidating half the position and holding onto the other half for further gains. Again, for full disclosure, I still own 100% of my position in VKTX. Ray also had another big winner this month: Congratulations! Shares of IOVA are up 75% since the FDA announcement earlier this week, and they’re up over 100% since I brought this immune cell therapy specialist to your attention last August. Let’s take a profit, although I recommend we only sell half of our original position. This brings us two advantages. We derisk our original capital that was deployed when we bought Iovance in August. Doing that means we’ll just be playing with “house money.” With Iovance’s large number of clinical trials using tumor-killing TIL technology, as well as other cancer-killing immune cells for the treatment of non-tumor blood cancers like leukemia, that “house money” could multiply like TILs in a growth culture as the company matures its huge pipeline. Disclosure: I have no position in IOVA. Both James and Ray have hit it out of the park lately! Wrap Up The world’s on fire. Of that, there’s no doubt. In fact, today’s Morning Reckoning, coming out in a few hours, starts like this: It’s bad enough that Joe Biden is the worst president in US history. That Antony Blinken is a terrible Secretary of State makes matters worse. Secretary of Defense Lloyd Austin can’t be bothered to clock in nowadays. Attorney General Merrick Garland leaves no impression he’d have been a great SCOTUS justice, seeing his Department of Justice isn’t worthy of its name. And due in no small part to National Security Advisor Jake Sullivan, the world is on fire. But Janet Yellen? My goodness, Treasury Secretary Janet Yellen takes the cake. But even though losers lead us, it doesn’t mean there aren’t any bargains. Find the right people, listen to them, and take action. That’s it. You can do it! All the best, [Sean Ring] Sean Ring Editor, Rude Awakening Twitter: [@seaniechaos]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from Rude Awakening, 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@rudeawakening.info. 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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