Don't Miss Our Big AI Event

The message 'Doc' wants you to hear... A track record of success... Major developments in the war in Ukraine... Don't forget about the dollar... A correlation worth following... Warning: Janet Yellen has a new prediction... [Stansberry Research Logo] Delivering World-Class Financial Research Since 1999 [Stansberry Digest] [Tomorrow: The 2023 AI Race Begins – Details Here ➤]( The message 'Doc' wants you to hear... A track record of success... Major developments in the war in Ukraine... Don't forget about the dollar... A correlation worth following... Warning: Janet Yellen has a new prediction... --------------------------------------------------------------- Before we get into anything else today... You may have gotten a few e-mails about this already, but I (Corey McLaughlin) want to make sure nobody misses the chance to tune into our big artificial-intelligence ("AI") event tomorrow... Stansberry Research senior partner and Retirement Millionaire editor Dr. David "Doc" Eifrig and our friend Marc Chaikin, founder of our corporate affiliate Chaikin Analytics, are sitting down together for the first time to talk about the biggest buzzword of the year: AI. For those who don't know, Doc is a rare breed... He worked as a trader at Goldman Sachs. Then, he attended medical school and became a board-eligible eye surgeon before making a career in our industry. And Marc, simply put, is a Wall Street legend. Among other things, he has created indicators that are used by many of the world's biggest firms and investors today... His pioneering work dates back to the 1960s. Doc and Marc are two of the brightest investing minds I've ever come across, and they plan to share everything they think you should know about this emerging form of technology... and we do mean everything. They'll talk about everything, including whether AI should receive an allocation in your portfolio, what jobs it could replace, whether the technology should be trusted, and if the whole craze is just hype. Here's what Doc is saying about the event, which will air at 8 p.m. Eastern time tomorrow (Wednesday) night... I won't mince words: You need to be there. Here's a sneak peek of what we'll cover tomorrow night: - We'll cut through the AI hype and help you find the real opportunities to position yourself to grow your wealth... - We'll reveal what is probably the most important story for you and your money today – how AI will reshape the investing landscape for everyday Americans in 2023... - We'll share the ONE decision you need to make with your money, even if you don't realize it... - We'll bring out a special mystery guest who's a CEO of a well-known investment-research company to discuss the latest groundbreaking AI application that could change your retirement outlook starting immediately... - And much, much more. This event is entirely free, and viewers will also hear free predictions about three of America's most popular stocks right now. That alone might be worth tuning in for... [Sign up here now](. Nobody has a crystal ball, but... Doc and Marc have a great track record of being well ahead of the recent giant trends that have played out in the markets. For instance, Doc warned about the risk of high inflation near the end of 2020... then called for a sharp fall in stocks and bonds back in the summer of 2021 before the worst year in history for the conventional 60/40 stock-bond portfolio... You may also remember Doc calling for a "reversal window" in stocks and Marc calling for a "bullish personality change" for the markets last fall. Marc also warned about a run on the banks happening in 2023. It may have sounded far-fetched at the time, but the bank crisis happened just a few months later. Simply put, if you followed their advice, your portfolio has probably fared a lot better over the past two years than most folks'. So we recommend hearing what they have to say about one of the biggest stories in the markets today. If you're interested in Doc and Marc debating the great AI race, all we ask is that you sign up in advance so you don't miss anything. Again, [you can register at this link now](. Switching gears, the war in Ukraine just took another big turn... Yesterday, Russia formally pulled out of a United Nations-backed agreement to keep grain flowing out of Ukraine... upending what had been the status quo for many key commodities. And today, the Russian military attacked a pair of key port cities where grain and other commodities were being exported. A Kremlin spokesperson said that Russia was terminating – and then later backtracked, saying it was suspending – the deal because the U.S. and Ukraine's other allies weren't fulfilling the agreement, specifically not allowing Russia to export some agricultural products. Ukraine and Russia are two of the world's largest agricultural producers. More than 30 million tons of grain were exported from the three designated safe Ukrainian ports since the Black Sea Grain Initiative was agreed to a year ago. And while grain yields in Ukraine were already projected to be down substantially this year, the latest moves complicate the international trade picture. Stansberry Research senior analyst Matt McCall wrote about this major development in the war in his free daily newsletter yesterday... In July 2022, the United Nations and Turkey convinced Russia to allow cargo ships to travel to and from three Ukrainian ports in the Black Sea. It was called the Black Sea Grain Initiative, and it essentially allowed safe passage of Ukraine's grain supply. The deal has been extended twice already. But today, Russia called it quits. Wheat prices rose 3% to $6.89 per bushel as a result. That's the highest price we've seen since late June. Corn and soybean prices also surged as concerns grow surrounding the world's grain supply. In addition to specific knock-on effects, like grain supply being limited to places that rely on exports from Ukraine (Asia and Africa), the prices of many commodities – which had been trading sideways or lower last year and earlier this year – are likely to keep going higher if global supply concerns persist. Ukraine's foreign minister said in an interview yesterday... Last year, when the Black Sea Grain Initiative was introduced, grain prices in the world dropped by 20%, so the immediate outcome of the non-extension of the agreement will mean that prices for grain all across the globe will go up, and people in the most vulnerable regions of Asia, Africa, they will feel it. As Matt noted, the Invesco DB Agriculture Fund (DBA) tracks agricultural commodity prices. It has exposure to 11 different futures contracts including wheat, corn, soybeans, coffee, and live cattle. This fund was up more than 1% today alone and is up about 9% since a low in mid-March. Don't forget about the dollar... As we've mentioned a few times recently, the strengthening relative value of the U.S. dollar in 2021 and 2022 – thanks to the Federal Reserve tightening monetary policy at a rapid rate – ended last fall when investors began to think the central bank would consider slowing interest-rate hikes. Not coincidentally, that's when stocks appeared to have bottomed after falling a little more than 20% from highs at the start of 2022, measured by the S&P 500 Index. The tech-heavy Nasdaq Composite Index fell more, by 35%, starting in late 2021. Throughout the sell-off in stocks (and bonds, and everything else), the dollar was about the only thing rallying. And notably, stocks were inversely correlated with the dollar, meaning as the currency got stronger, stock prices fell, and vice versa. During "bear market rallies," the dollar strengthened a bit. We saw it time and time again. This isn't a new phenomenon. As we wrote [in a September 2022 Digest]( just before the U.S. Dollar Index ("DXY") ended up peaking... Over the past 20 years, the S&P 500 and the dollar have moved together about 40% of the time, but there are periods when the dollar is inversely correlated to stocks (like times of global uncertainty and slower international trade). Today is one of those times. Ten months later, it still is... As the strong-dollar story has unwound and more and more investors have expected the Fed to ease rate hikes, stock prices have risen. While the benchmark S&P 500 has ripped almost 11% higher since May 24, the Dollar Index – which measures the greenback's value relative to other major currencies – has dropped 4%. That's a big move for the world's reserve currency. We could get into a discussion about why – for example, Europe has a much worse inflation picture than the U.S. – but that's not really the important point... The takeaway is that everything priced in dollars has been getting a boost. That's stocks, bonds, commodities, gold, and even bitcoin. Should the dollar keep weakening, as it has been since last September, we can expect asset prices to keep rising. Finally, we have an update to the 'Yellen Indicator'... Subscriber Steve S. wrote in with this note last night... Yellen says she doesn't see a recession. That guarantees it's coming. Get out of the way!!! This made me chuckle because it's true. The same thought crossed my mind when I heard Treasury Secretary Janet Yellen's remarks yesterday. For those not aware, Yellen said in a television interview with Bloomberg from the G20 summit in India that she thinks the U.S. economy is on a "good path" and that while growth has slowed, "our labor market continues to be quite strong – I don't expect a recession." She has been saying this a lot recently, and yesterday she also said she thinks inflation can come down without an unemployment spike. That's fine and dandy for anyone to believe or say out loud, but Yellen – who happens to have been in notable positions of financial leadership in the U.S. government for decades – doesn't have a great track record for predictions (unlike Doc or Marc). As Federal Reserve chair in 2017, Yellen said we would never see another financial crisis in "our lifetimes"... More recently, in her current position as Treasury secretary, she said as late as October 2021 that inflation was "transitory" while it was accelerating to eventual 40-year highs... Only a few months later, the Fed started signaling it would start rate hikes to "fight" the inflation that was supposedly transitory and would resolve on its own. By June 2022, Yellen admitted, "I was wrong then about the path that inflation would take," but she still mostly blamed it more on Russia's invasion of Ukraine than on decisions made before the war began... So to Steve's point, Yellen's words might just be an indicator that the opposite will happen... like a recession and an unemployment spike. That's what the Yellen Indicator is saying, as of today at least. The Impending Decline of U.S. Dollar Dominance Returning guest Marko Papic returns to the Stansberry Investor Hour to tackle globalization, a decline in the U.S. dollar as a reserve currency, and non-U.S. economies with favorable prospects. Plus, Dan and I talk about 10-cent nickels and more... [Click here]( to watch this video right now. For more free video content, [subscribe to our Stansberry Research YouTube channel](... and don't forget to follow us on [Facebook]( [Instagram]( [LinkedIn]( and [Twitter](. --------------------------------------------------------------- Recommended Links: [Tomorrow's Urgent Briefing: The 2023 AI Race Is Underway]( Artificial intelligence just shattered one of the most critical barriers in technological history. Now, two Wall Street legends are sharing with you the details behind this momentous breakthrough. They'll also reveal exactly why the opportunity to use AI could transform your wealth in 2023... or leave you behind forever. Before tomorrow, [click here to reserve your spot](. --------------------------------------------------------------- [This 'Canary in the Coal Mine' Is SCREAMING]( While the stock market hums along, a much bigger (and more important) market is flashing a huge warning. It's one that will definitely affect stocks... housing... and the entire economy. Ignoring this signal would be a big mistake. But billionaires (and some of the world's best analysts) LOVE this kind of turmoil – because it's a chance to buy world-class investments for pennies on the dollar. The same setup led to 772% gains in 2009. [Get the full story here](. --------------------------------------------------------------- New 52-week highs (as of 7/17/23): Apple (AAPL), Adobe (ADBE), Aehr Test Systems (AEHR), Ansys (ANSS), A.O. Smith (AOS), ASML (ASML), Activision Blizzard (ATVI), Booz Allen Hamilton (BAH), Brown & Brown (BRO), Copart (CPRT), Cintas (CTAS), Commvault Systems (CVLT), CyberArk Software (CYBR), Dassault Systèmes (DASTY), Electronic Arts (EA), iShares MSCI Emerging Markets ex China Fund (EMXC), Fluence Energy (FLNC), Gambling.com (GAMB), iShares Convertible Bond Fund (ICVT), Intuit (INTU), Iron Mountain (IRM), JPMorgan Chase (JPM), MYR Group (MYRG), NVR (NVR), New York Community Bancorp (NYCB), Parker-Hannifin (PH), Pure Storage (PSTG), ProShares Ultra QQQ (QLD), Rollins (ROL), ProShares Ultra Technology (ROM), Sherwin-Williams (SHW), S&P Global (SPGI), Spotify Technology (SPOT), ProShares Ultra S&P 500 Fund (SSO), TE Connectivity (TEL), Taylor Morrison Home (TMHC), Trane Technologies (TT), The Trade Desk (TTD), Visa (V), VMware (VMW), Vanguard 500 Index Fund (VOO), and Verisk Analytics (VRSK). In today's mailbag, more feedback on Dan Ferris' latest Friday essay... and thoughts on [yesterday's Digest]( about finding the market's next 100-baggers... Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com. "Dan, [à la] the June 14 Digest '[Prepare Now for Our Slow-Burn Crash]( [French researcher] Didier Sornette quotes: 'As a rule, panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works... Something has passed away, and left an appalling blank behind it.' – John Mills." – Subscriber Thos. Y. "Corey... GREAT Digest. This is indeed my idea of 'Preparing' for Volatility." – Stansberry Alliance member Bill B. All the best, Corey McLaughlin Baltimore, Maryland July 18, 2023 --------------------------------------------------------------- Stansberry Research Top 10 Open Recommendations Top 10 highest-returning open positions across all Stansberry Research portfolios Stock Buy Date Return Publication Analyst MSFT Microsoft 11/11/10 1,257.7% Retirement Millionaire Doc MSFT Microsoft 02/10/12 1,086.0% Stansberry's Investment Advisory Porter ADP Automatic Data 10/09/08 839.3% Extreme Value Ferris wstETH Wrapped Staked Ethereum 02/21/20 634.1% Stansberry Innovations Report Wade HSY Hershey 12/07/07 579.0% Stansberry's Investment Advisory Porter WRB W.R. Berkley 03/16/12 533.6% Stansberry's Investment Advisory Porter BRK.B Berkshire Hathaway 04/01/09 510.4% Retirement Millionaire Doc AFG American Financial 10/12/12 400.2% Stansberry's Investment Advisory Porter TTD The Trade Desk 10/17/19 357.2% Stansberry Innovations Report Engel FSMEX Fidelity Sel Med 09/03/08 321.3% Retirement Millionaire Doc 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 4 Stansberry's Investment Advisory Porter 3 Retirement Millionaire Doc 2 Stansberry Innovations Report Engel/Wade 1 Extreme Value Ferris --------------------------------------------------------------- Top 5 Crypto Capital Open Recommendations Top 5 highest-returning open positions in the Crypto Capital model portfolio Stock Buy Date Return Publication Analyst wstETH Wrapped Staked Ethereum 12/07/18 1,500.1% Crypto Capital Wade ONE-USD Harmony 12/16/19 1,079.0% Crypto Capital Wade POLY/USD Polymath 05/19/20 1,032.9% Crypto Capital Wade MATIC/USD Polygon 02/25/21 830.3% Crypto Capital Wade BTC/USD Bitcoin 11/27/18 701.6% 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 Band Protocol crypto 0.32 years 1,169% Crypto Capital Wade Terra crypto 0.41 years 1,164% Crypto Capital Wade Inovio Pharma.^ INO 1.01 years 1,139% Venture Tech. Lashmet Seabridge Gold^ SA 4.20 years 995% Sjug Conf. Sjuggerud Frontier crypto 0.08 years 978% Crypto Capital Wade Binance Coin crypto 1.78 years 963% Crypto Capital Wade 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 ^ 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%. 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. You’re receiving this e-mail at {EMAIL}. Stansberry Research welcomes comments or suggestions at feedback@stansberryresearch.com. This address is for feedback only. 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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.