This Wave Could Carry You to Heaven

... Or Send You to Hell. [Logo]( Weekly Market Update Today is June 2, 2023 Dear Reader, Hello again and Happy Friday! Some stories are so good that when you read them you think, “If this wasn’t true, I’d make it up.” Rajesh Vishwas is a government official – a food inspector – in India. Bill Spencer Editor-In-Chief True Market Insiders On Sunday, Mr. Vishwas found himself at Kherkatta Dam in the central Indian state of Chhattisgarh. While taking a selfie (who wouldn’t?), he dropped his $1,200 (100,000 rupee) Samsung phone into the dam. “Damn!” I hope he said, but probably didn’t, which is a darn shame. According to BBC News… “After local divers failed to find it, he paid for a diesel pump to be brought in.” “He said he had verbal permission from an official to drain ‘some water into a nearby canal’, adding that the official said it "would in fact benefit the farmers who would have more water." “The pump ran for several days, emptying out roughly two million liters (440,000 gallons) of water - reportedly enough to irrigate 6 sq km (600 hectares) of farmland.” “His mission was stopped when another official, from the water resource department, arrived following a complaint.” I love this story because it brings out so many things I love to write about. There’s the “don’t trust the government” angle. Of course Mr. Vishwas did what he did to “benefit the farmers.” That’s what politicians and bureaucrats do.   14-year Fox News Veteran and Wall Street Titan Emerges From Retirement to Issue Rare Live Warning: [On the other side of this link, that information is yours!](   And of course there was no wrongdoing. Here’s BBC News again… “Mr. Vishwas has denied misusing his position, and said that the water he drained was from the overflow section of the dam and "not in usable condition." Then there’s his desperate, almost tragic love of his Samsung phone. Were I in that fellow’s shoes, I think I’d throw myself into the dam and drown before I’d try living without my phone. In fact, the smart phone explosion constitutes one of what Tobin Smith calls a “shift in the tech stack.” Here’s Tobin from two days ago, writing in his “Wednesday WaveWire.” “Major global technology shifts, like the Dot Com disruption, happen about once every 15 years." “In the 70's, the transformative new tech stack was the PC operating system.” “Fifteen years later, it was: Windows, graphical user interfaces (GUIs) and the Netscape browser.” “And then 15 years after that, a NEW tech stack was born with the Apple iPhone and the iOS operating system.” In 2021, there were almost 15 billion mobile devices operating worldwide. You can’t count the number of investors who became millionaires because they were on the right side of that tech tsunami. Or on the right side of the waves that came before it. If you missed your chance to catch the smartphone wave, don’t worry. There’s a new wave rolling in and its name is (all together now) “A-I.” Tobin again: “Fifteen years AFTER the iPhone changed the world, we now are just beginning to create another few trillion dollars in new wealth.” “That new wealth is coming from the AI technology stack – specifically, the AI chip stack.” There’s a dark side to this “morning in the millionaire’s market” story. The same sun that’s about to shine upon any investor who backs the right A.I. horse(s)... … will also burn away the wealth of those who back the losers. Opportunity… And catastrophe. That’s always how it goes when a new technology upends the order of the world. So what's it gonna be? Which ones are we going to back? For me, the winning play is always, “Stick with the winners.” That means Tobin Smith, to whom I’ll give the last word. “At my new home here at True Market Insiders, I have two newsletter services, Transformity Investor (large cap stocks) and Transformity Wealth (small cap plays).” These two services are the conduit through which I will reveal my stock picks, so my subscribers can ride the AI chip stack "wealth wave" for all it's worth.” Tobin has a lot more to say about using this latest once-every-fifteen-years opportunity to create generational wealth. [Click here to watch him in action>>]( As always, thank you for your time and attention. See you next week. Bill Spencer Editor-in-Chief, True Market Insiders   [There’s a Landmine in the Market]( [A Market Legend Pitches “Sell in May”]( [Don’t Be Afraid of the Big Bad Debt Ceiling](   [YouTube]( [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( DISCLAIMER ©2023 by True Market Insiders, LLC, 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: True Market Insiders, 7901 4th St. N STE 6113 St. Petersburg, FL 33702. The information contained herein has been prepared without regard to any particular investor's investment objectives, financial situation, and needs. Accordingly, investors should not act on any recommendation (express or implied) or information in this material without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis for their investment decisions. True Market Insiders LLC is not an investment advisor and is not licensed to give specific financial advice. The chairman of True Market Insiders, Chris Rowe, is also the CEO, CIO and owner of Rowe Wealth Management LLC, which is not owned by and is not the owner of True Market Insiders.   [Unsubscribe]( | [Manage Your Preferences]( | [Privacy Policy](