Postcards: Socialists are Funny (And the Week Ahead)

Don't... Don't read this and take Bernie Sanders' new idea seriously... or you might bleed from the nose and bang your head on the dishwasher... ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more You are a free subscriber to Postcards from the Florida Republic. To upgrade to paid and receive the daily Republic Risk Letter, [subscribe here](. --------------------------------------------------------------- [Postcards: Socialists are Funny (And the Week Ahead)]( Don't... Don't read this and take Bernie Sanders' new idea seriously... or you might bleed from the nose and bang your head on the dishwasher... [Garrett {NAME}]( Mar 16   [READ IN APP](   “It's a shame when morning hurts I've seen bad, and I've seen worse It's the nature of my bein' I took some money from your purse.” [Ween,]( Me Scrape the Mucus Off My Brain]( Dear Fellow Expat: It’s St. Patrick’s Day weekend in Baltimore. So… productivity will collapse into dust. [I’m heading to my family’s Irish Pub]( in about an hour. It’s been open for 25 years. That’s amazing… With that plan in effect, I wanted to show you a sentence written by a real reporter on Friday. [CNBC’s Jennifer Liu]( The four-day workweek is gaining momentum in Congress: Sen. Bernie Sanders, I-Vt., introduced legislation Wednesday that would reduce the standard workweek to [32 hours without a pay cut](. I work about 80 hours a week. I don’t know what the hell this is. Scott asked me how this helps people. The answer is simple. The hourly pay increases nominally, and then the socialists take credit. It doesn’t change the fact that it’ll lead to higher unemployment or more automation. It’s important that this dinosaur feels like he’s “Doing Something!!!!” Why 32 hours? Why not four? I don’t understand the people of Vermont. I do understand the week ahead… Monday, March 18, 2024 Event: Nvidia (NVDA) CEO Jensen Huang will present the keynote address at GTC 2024. Republic Speak: The S&P 500 closed in the red for the second consecutive week for the first time in five months. NVIDIA ripped to $974.00—shy of that $1,000 target I put on it. And it’s pulled back to $878. As I’ve noted, this isn’t a rational market. Apollo Group pointed out that valuations today are more out of whack than the Dot-Com Bubble. Correct. But the music is still playing… and global liquidity is at an all-time high. It will correct at some point, and it will be gnarly. Keep following our Equity Strength Signals and pay close attention to the MACD on the S&P 500. Tuesday, March 19, 2024 Event: NVIDIA’s GTC Conference Republic Speak: What did you think I would get excited about Housing Starts? Nvidia is in the market right now, so all of their updates around AI and innovations are set to dominate the day. They’ll probably say “AI” a few hundred times, and the stock will hit $1,000. This market is dumb and irrational. If NVDA falls on Tuesday, though… It will be a very ugly week heading into the Fed announcement. Wednesday, March 20, 2024 Event: Federal Reserve Rate Announcement Republic Speak: Okay, so here is your negative event. There’s a zero percent chance that the Fed will cut rates this week. The question is whether they will cut in June - and it’s increasingly looking like it won’t happen. I’ve been saying that a rate cut will come in July, but people who are smarter than me are suggesting we do not see a rate cut… this year. And if that’s the case - we have problems. The market is overvalued, and everything is completely dependent on U.S. markets. If our signal goes negative this week - we’re probably talking about a 5% to 8% downturn based on the valuation jitters. The only problem is where the money flows. Fiscal repression is coming due to our surging debt - and 2025 is where I think we head into reverse. Bubbles last longer than people think. If it comes, you have to buy the dip and prepare to shift into real estate, energy, and food in 2025. They have lost the war against inflation. [It’s double digits]( but we’re not allowed to discuss it. Thursday, March 21, 2024 Event: FedEx (FDX) earnings. Republic Speak: It’s the bellwether of the global economy. If their numbers are bad, it’ll be a wake-up call to markets. Yet, as Syz Group explains, earnings expectations are through the roof heading into April. Just a reminder… something similar happened in 2007-2008. Friday, March 22, 2024 Event: Digital World (DWAC) will vote on a merger with Trump Media & Technology, the parent company of Donald Trump's Truth Social platform. Republic Speak: This is just a reminder that this is an election year, and it will be absolutely bonkers. Trump is up in the better markets. I expect Trump will win unless Newsom somehow gets on the ticket. But that said, he’d be walking into a rather brutal 2025 and 2026 economic environment. I don’t have a dog in the fight… as always. I’m just trying to figure out how to profit from the politics. I’m very bullish on the midstream regardless of who wins. One Last Thing Finally, I received much feedback about my music list on Friday. I failed to put one song on the list: Stay Forever by Ween is my favorite love song. [It reminds me of my wife]( especially when I’m traveling. Stay positive, Garrett {NAME} Secretary of Finance Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. Under company rules, editors and writers cannot recommend their positions. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.   [Like]( [Comment]( [Restack](   © 2024 Garrett {NAME} 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()