I’m Not Saying I HATE Joe Biden, But...

Investors should love this move. [Logo]( I’m Not Saying I HATE Joe Biden, But… Dear Reader, Hello… Costas ("C-Bo") Bocelli here. How do you feel about the current POTUS? Like him? Hate him? For me, I wouldn't say that I hate Biden. I'm not much of a hater. But I'm no fan of the Commander in Chief either. Costas Bocelli True Market Insiders And I will say that I hate many of his policies, and how he's been running the country. I don't think he's done a great job. So I'm very excited about the 2024 general election. And we will definitely revisit presidential politics in future True Market Insiders columns. For example, here's something that caused my ears to perk up. As you might know, with Donald Trump's candidacy up in the air, thanks to a slate of indictments, other Republicans are stepping up to plate. One of them, Vivek Ramaswamy, just said some provocative things about Taiwan. Here's what the candidate had to say… "The truth of the matter is there are two reasons why China wants to annex Taiwan. One is to squat on the semiconductor supply chain so they can exert leverage over the United States of America. That's not happening on my watch. I'd take a firm position on that." "But the second reason why is that they have unfinished nationalistic business dating back to their civil war in 1949. And if that's the sole basis for Xi Jinping going after Taiwan after we have semiconductor independence, then you know what? I am not going to send our sons and daughters to die over that conflict. And that's consistent with my position on Ukraine as well." Like I said - provocative. And it'd be hard to disagree that China has its eyes on the global semiconductor industry. Which brings me back to President Biden, and one thing I like about him – one major thing that he can actually take credit for. It's something that, if you position yourself for it right now, could hand you big returns looking into the back half of this year and into 2024. I'm talking about the passage of the CHIPS and Science Act. Biden signed this piece of legislation, also known as the Semiconductor Bill, into law one year ago this past week. The law is all about ramping up the United States as the next major global hub for the production of semiconductor chips and systems. It's loaded with money earmarked for investment in plant, equipment and high tech labor. We're talking about $39 billion in government subsidies here. And in total, $280 billion in new funding earmarked for the semiconductor industry. Look, the writing is on the wall about the future of Taiwan. China wants it and is hell bent on taking it back. The only question is… when. (If Vivek Ramaswamy manages to occupy the White House, the answer seems to be "sometime after 2028.") And that's where things get tricky.     Taiwan happens to be the hub for the current production of the world's most important semiconductors and systems. And the US will never allow Taiwan to fall to China under the current circumstances. The US is simply too reliant on these advanced components that power our defense industry… our energy grid and communications networks… and most of our consumer culture… Which means, right now, Taiwan is vital to the US. So what this bill really does is finance a massive effort to move "Taiwan" to the U.S. Taiwan will go the way of Hong Kong. We're not here to worry about the fate of the Taiwanese. Or to offer an endorsement of any politician. We're here to generate fat returns on our investments. And what gets me excited about the back half of the year and into 2024 are the opportunities to make money in "the semis." Just take a look at the meteoric run in NVIDIA (NVDA)... NVDA recently became the first $1 trillion semiconductor company in terms of market valuation. This company has the hottest artificial intelligence semiconductor processors in the world. Sovereign countries are gobbling them up for billions of dollars. NVDA is set to report quarterly results on Wednesday, August 23rd. And so far, the company is crushing it! But make no mistake, other companies will benefit from the CHIPS act, companies that will be in the driver seat to reward investors and share in the profits. I for one will be all over it. And I'm looking forward to making bullish recommendations as these new enterprises emerge. As we move through August, things have turned crumby for stocks. Supply has taken control of most parts of the stock market and many of our technical indicators have turned weak. So certainly, August is living up to its reputation. But the good thing is that a pullback is welcome. The market had been overbought. Investors had turned too bullish. And volatility was signaling way too much complacency. So the market could use a good ruffling to shake out the weak hands. Even the Semiconductors sector is pulling back after touching 2-year highs… Here's a two-year daily chart of the VanEck Semiconductor ETF (SMH). Yep, I kinda like seeing that pullback, because it means lots of opportunities for you and I to buy-in at lower prices. In Monthly Trend Trader, my premium stock picking service, we closely monitor the money flows of the large institutions. Right now, supply is in control of the Semiconductors and, as you can see, the group is underperforming. We can clearly see this using our proprietary indicators. BUT… when they begin to go back into BUY MODE, we'll be all over it and profit right alongside the fat cats of Wall Street. For now, we watch and wait for that opportunity.. Until then… Got Monthly Trend Trader? You Should! Thanks for reading, and I'll see you soon.   [Lessons Learned After 25 Years]( [Here’s Why to Ignore Steve Martin’s Stock Tips]( [Let’s Discuss My Favorite Topic…]( [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. 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