The assassination attempt of Donald Trump... How the market responded... Trump is now the front-runner... Numbers and narratives... Context clues... It's not a third-world phenomenon... Things can change... [Stansberry Research Logo]
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[Stansberry Digest] The assassination attempt of Donald Trump... How the market responded... Trump is now the front-runner... Numbers and narratives... Context clues... It's not a third-world phenomenon... Things can change... --------------------------------------------------------------- 'What do you think the market will do?'... A good friend, who works in real estate development, posed the question yesterday afternoon. Our kids were swimming in the pool, having fun. The adults, something else. My friend was asking, of course, how I (Corey McLaughlin) thought the market would react today after what happened Saturday evening at a Republican rally in Butler, Pennsylvania. I'm of course talking about the assassination attempt of Donald Trump. Had the bullet that clipped Trump's right ear flown one inch in another direction, I might have had a different answer... But by luck or by God, as Trump says, he's alive... So I told my friend that while I couldn't be certain of the future, if anything, 20-year-old Thomas Crooks' failed attempt to kill Trump would probably boost the odds of him winning the White House again in November. And as regular readers know... that prospect could be good for the market – in the short term, at least... Turns out I undersold the idea to my friend... Today, the benchmark S&P 500 Index and Dow Jones Industrial Average hit new intraday all-time highs again. The Nasdaq Composite Index was up, too. And the small-cap Russell 2000 Index outperformed, up roughly 2%. Bitcoin is up roughly 6% in the past 24 hours. Bonds are steady. Gold was up "only" less than 1%. The odds of a Trump win keep increasing... The growing expectation for a Trump win in November has been playing out in markets since Trump and President Joe Biden's "debate" last month. It feels almost trivial to mention now – given an assassination attempt of a former president and current candidate less than 48 hours ago – but the S&P 500 and tech-heavy Nasdaq were up seven trading days in a row after the first presidential debate on June 27. As soon as Biden gingerly walked on CNN's set and began whispering that night, serious questions emerged about his viability as the Democratic nominee in November, much less winning the White House again. Roughly 50 million people watched that made-for-TV event. However, I suspect many more people in the U.S. and around the world – investors included – have seen at least a brief video clip of the chaos on stage and in the crowd at the rally early Saturday evening when bullets rang out – and Trump's spontaneous reaction to it. "To take a bullet, then stand up and fist-pump to the crowd?" my friend said. "That's who we need at the negotiating table." We're a society where images and the latest lead of the news cycle matter. My friend also mentioned taxes mattering a lot to his business. As we've mentioned, the prospect of an extension of the 2017 Tax Cuts and Jobs Act legislation has [been one of several bullish catalysts]( for the market in recent weeks, though that short-term momentum won't last forever. And we have to mention the tragic and heroic death of Butler volunteer firefighter, father, and husband Corey Comperatore... and the disturbing thought of politically motivated violence in the U.S. ahead or civil war. With the prospect of more violence, the "bullish story" could change quickly. But as I digest the market's reaction today (and Trump's initial comments about his brush with death), it sure appears that, perversely, a level of uncertainty about the result of November's election has been resolved (for now). If this holds, it removes one of the significant questions investors were considering heading into 2024. Conversely, should developments work in support of Biden's or another Democratic nominee's favor, it could stoke volatility in the markets now that Trump as the front-runner is the prevailing expectation. The numbers and the narratives... The idea of a Trump win – which was 50-50 just a few months ago – is now the favored outcome in real money bets and in systems whose sole business is predictions. For example, of the roughly $260 million put to work in the betting platform Polymarket about the 2024 election winner, 71% of the money is on Trump (up from 60% before Saturday), 18% on Biden, and another 6% on Vice President Kamala Harris. Another real money betting platform, PredictIt, has the chances of a Trump win at 68%. Online forecasting platform Metaculus puts the chances of Trump winning at roughly 75% today, up from 55% from last month. For those interested, our Dr. David "Doc" Eifrig wrote about these "predictions markets" several months ago [in his Retirement Millionaire newsletter]( and offered advice for how to navigate this election season... Doc and his team also shared a list of 13 "keys" to the election winner, created by Professor Allan Lichtman of American University. As Doc shared... It has correctly called for every presidential election since Ronald Reagan won a second term in 1984. All you have to do is tally up 13 "keys" to the election. These keys rely on the things that have historically given a candidate an advantage. For instance, if you are the incumbent, you get one "key." If the economy is not in a recession, the incumbent gets another key. Some of these keys aren't entirely objective – and could be swayed by ideology. But systematizing your thinking will give you an advantage. In April, this system was leaning toward Biden. But as Doc wrote... For Trump to win, he'd need more social unrest, a bigger Biden scandal, or trouble in the economy between now and the election. Since then, we've seen the first two. People may disagree, but I consider an assassination attempt "more social unrest" and Biden's debate performance a form of "scandal," though not the salacious kind many people associate with the word. The third swing factor that Doc mentioned – a weakening economy – is entirely possible as well. With a rising unemployment rate over the past few months, you could argue that it is already happening. Also, some context clues... It might be trite to say "we've seen this before," because we haven't had a live assassination attempt on a U.S. president in decades, but there are some context clues we can point to for how politics in the U.S. may proceed from here. We've recently seen the influence of political polarization around the world in various nations and elections. Our Director of Research Matt Weinschenk shared this excerpt from a Bloomberg newsletter with me today. I find it to be spot-on... ... the rest of the world is also experiencing the polarization of politics and what can happen in a deeply divided society when the political discourse is riddled with exaggerations and lies that are then amplified via social media. From Asia to Europe and South America, the past few years have seen assassination attempts against a range of top political leaders in broad daylight. In May, Slovak Prime Minister Robert Fico – a populist leader in the style of Trump – was shot four times at close range by a lone wolf. He survived and promptly seized upon the assassination attempt to ramp up his attacks on the media, prosecutors and the opposition. If anything, it's become about retribution against his enemies. And as for all this could play out in the U.S., one has to only look back to 2018 for an eerie precedent with Brazil's Jair Bolsonaro, a political figure who is almost a cookie-cutter Latin American version of Trump. The far-right leader was stabbed in the stomach at a campaign rally a month before elections. It was a defining moment that fired up his base and propelled him to power. This isn't just a 'third world' phenomenon, either... The facts are, four U.S. presidents have been assassinated (Abraham Lincoln, James A. Garfield, William McKinley, and John F. Kennedy), while two others survived attempts (Theodore Roosevelt and Ronald Reagan). But many other plots never came to light. Roosevelt's assassination survival, while unique, draws eerie similarities to Trump's. Roosevelt was running for president again as a progressive three and a half years after he'd left office in 1909. He was shot while campaigning in Milwaukee. A folded-over 50-page text of a speech and a metal glasses case in Roosevelt's breast pocket is credited with slowing the .38 caliber bullet fired at his chest. Trump, in an interview with reporters from the New York Post and Washington Examiner on Sunday night from his private plane after it landed in Milwaukee for today's Republican National Convention, said, "I'm not supposed to be here. I'm supposed to be dead." He would be if he had not turned his head slightly to the right to read a chart on illegal immigrants. Instead, he's alive, bandaged, and, for the moment, reflective. The outcome should galvanize his base and could swing independent voters. Trump said he threw away his planned speech for tonight's convention – about the "horrible" current administration – in favor of something new after what had happened to him. "I want to try to unite our country," he said. Whether the intention becomes reality remains to be seen. But we've just been reminded how quickly expectations can change. And for now, the market is pricing in a Trump win later this year. Why Time and Price Matter In this week's Diamond's Edge, Ten Stock Trader editor Greg Diamond shares insight into a textbook example of Elliot Wave technical analysis and how "time and price" matters for the S&P 500 today... As a Digest reader, you get the first look at Greg's new Diamond's Edge video each Monday. For more free videos, [check out our YouTube page](... And if you're interested in more research and analysis from Greg, [click here for information]( on how to get started with a subscription to his Ten Stock Trader advisory. --------------------------------------------------------------- Recommended Links: ['Last Time This Happened, Stocks Went Up 1,000% in Under a Year']( The stock market is now set for a new, surprising twist. And, according to Wall Street veteran Joel Litman, if you make the right moves today... you could see 1,000%-plus returns on multiple stocks. [Click here now for details](.
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Baltimore, Maryland
July 15, 2024 --------------------------------------------------------------- Stansberry Research Top 10 Open Recommendations Top 10 highest-returning open stock positions across all Stansberry Research portfolios. Returns represent the total return from the initial recommendation. Investment Buy Date Return Publication Analyst
MSFT
Microsoft 02/10/12 1,445.9% Stansberry's Investment Advisory Porter
MSFT
Microsoft 11/11/10 1,435.8% Retirement Millionaire Doc
ADP
Automatic Data Processing 10/09/08 871.2% Extreme Value Ferris
WRB
W.R. Berkley 03/16/12 736.9% Stansberry's Investment Advisory Porter
BRK.B
Berkshire Hathaway 04/01/09 652.6% Retirement Millionaire Doc
HSY
Hershey 12/07/07 467.1% Stansberry's Investment Advisory Porter
TT
Trane Technologies 04/12/18 449.4% Retirement Millionaire Doc
AFG
American Financial 10/12/12 442.1% Stansberry's Investment Advisory Porter
NVO
Novo Nordisk 12/05/19 412.4% Stansberry's Investment Advisory Gula
TTD
The Trade Desk 10/17/19 379.0% Stansberry Innovations Report Engel Please note: Securities appearing in the Top 10 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the model portfolio of any Stansberry Research publication. The buy date reflects when the editor recommended the investment in the listed publication, and the return shows its performance since that date. To learn if a security is still a recommended buy today, you must be a subscriber to that publication and refer to the most recent portfolio. --------------------------------------------------------------- Top 10 Totals
5 Stansberry's Investment Advisory Porter/Gula
3 Retirement Millionaire Doc
1 Extreme Value Ferris
1 Stansberry Innovations Report Engel --------------------------------------------------------------- Top 5 Crypto Capital Open Recommendations Top 5 highest-returning open positions in the Crypto Capital model portfolio Investment Buy Date Return Publication Analyst
wstETH
Wrapped Staked Ethereum 12/07/18 2,291.8% Crypto Capital Wade
BTC/USD
Bitcoin 11/27/18 1,440.5% Crypto Capital Wade
ONE/USD
Harmony 12/16/19 1,146.2% Crypto Capital Wade
MATIC/USD
Polygon 02/25/21 755.5% Crypto Capital Wade
AGI/USD
Delysium AI 01/16/24 304.8% Crypto Capital Wade Please note: Securities appearing in the Top 5 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the Crypto Capital model portfolio. The buy date reflects when the recommendation was made, and the return shows its performance since that date. To learn if it's still a recommended buy today, you must be a subscriber and refer to the most recent portfolio. --------------------------------------------------------------- Stansberry Research Hall of Fame Top 10 all-time, highest-returning closed positions across all Stansberry portfolios Investment Symbol Duration Gain Publication Analyst
Nvidia^* NVDA 5.96 years 1,466% Venture Tech. Lashmet
Microsoft^ MSFT 12.74 years 1,185% Retirement Millionaire Doc
Inovio Pharma.^ INO 1.01 years 1,139% Venture Tech. Lashmet
Seabridge Gold^ SA 4.20 years 995% Sjug Conf. Sjuggerud
Nvidia^* NVDA 4.12 years 777% Venture Tech. Lashmet
Intellia Therapeutics NTLA 1.95 years 775% Amer. Moonshots Root
Rite Aid 8.5% bond 4.97 years 773% True Income Williams
PNC Warrants PNC-WS 6.16 years 706% True Wealth Systems Sjuggerud
Maxar Technologies^ MAXR 1.90 years 691% Venture Tech. Lashmet
Silvergate Capital SI 1.95 years 681% Amer. Moonshots Root ^ These gains occurred with a partial position in the respective stocks.
* The two partial positions in Nvidia were part of a single recommendation. Editor Dave Lashmet closed the first leg of the position in November 2016 for a gain of about 108%. Then, he closed the second leg in July 2020 for a 777% return. And finally, in May 2022, he booked a 1,466% return on the final leg. Subscribers who followed his advice on Nvidia could've recorded a total weighted average gain of more than 600%. --------------------------------------------------------------- Stansberry Research Crypto Hall of Fame Top 5 highest-returning closed positions in the Crypto Capital model portfolio Investment Symbol Duration Gain Publication Analyst
Band Protocol BAND/USD 0.31 years 1,169% Crypto Capital Wade
Terra LUNA/USD 0.41 years 1,166% Crypto Capital Wade
Polymesh POLYX/USD 3.84 years 1,157% Crypto Capital Wade
Frontier FRONT/USD 0.09 years 979% Crypto Capital Wade
Binance Coin BNB/USD 1.78 years 963% Crypto Capital Wade You have received this e-mail as part of your subscription to Stansberry Digest. If you no longer want to receive e-mails from Stansberry Digest [click here](. Published by Stansberry Research. Youâre receiving this e-mail at {EMAIL}. Stansberry Research welcomes comments or suggestions at feedback@stansberryresearch.com. This address is for feedback only. For questions about your account or to speak with customer service, call 888-261-2693 (U.S.) or 443-839-0986 (international) Monday-Friday, 9 a.m.-5 p.m. Eastern time. Or e-mail info@stansberryresearch.com. Please note: The law prohibits us from giving personalized financial advice. © 2024 Stansberry Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Stansberry Research, 1125 N Charles St, Baltimore, MD 21201 or [stansberryresearch.com](. Any brokers mentioned constitute a partial list of available brokers and is for your information only. Stansberry Research does not recommend or endorse any brokers, dealers, or investment advisors. Stansberry Research forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees of Stansberry Research (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.