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What our subscribers are reading today
Stansberry Digest

Get Used to This

This is fear... The trade war escalates... Panic sets in... Take your medicine, Trump says... Add 'Tariff Tantrum' to a short list... Credit markets react... The bad and the good...


Well, that escalated quick...

The past three trading days have turned what was a garden-variety "correction" for the benchmark S&P 500 Index – down 10% from its previous all-time high in February – into a bear market... at least based on intraday numbers rather than closing prices.

In the first 30 minutes of trading this morning, the S&P 500 was down another 4%, and 20% in total from its February 19 high. However, the index notably clawed back most of the latest losses to close the day down only 0.2%...

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On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague Mike DiBiase back to the show. Mike is the editor of Stansberry's Credit Opportunities and senior analyst for Stansberry's Investment Advisory.Mike kicks off the episode by discussing the rampant fear in the stock market today. He notes that this fear is not yet reflected in the credit market, which is a "mistake," as credit investors should be more concerned. Mike then talks about the lack of good high-yield bonds out there, corporate bankruptcies being on the rise, the worrying number of zombie companies, the Starbucks recession indicator, consumer confidence hitting a 12-year low, and why he believes things are "not going to end well" for the economy. He says...

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Bill Ackman's call for a '90-day time out'; Why I'm getting more bullish; Missing the market's best days can be costly; 'Slow and boring' is easing the pain in the markets

1) After the brutal two days in the markets on Thursday and Friday, the question on everyone's mind is: What's next?The short answer is: I don't feel like I have a unique insight into what President Donald Trump's administration is likely to do next, how other countries will react, etc. – though I do tend to think my college buddy and billionaire Bill Ackman of Pershing Square gives good advice in this extended post on social platform X from yesterday. Excerpt:

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