A Hall of Fame All to Himself

Introducing the Stansberry Research Crypto Hall of Fame... Eric Wade is just too good... The recipe for 1,000%-plus gains... Check out Eric's new free presentation... A mixed morning and bullish afternoon... Inflation? Not a problem yet, says the Fed's No. 2...

We're breaking new ground in the Digest today...

Well, specifically, Crypto Capital editor Eric Wade is.

Starting today, at the bottom of our daily e-mail, you'll find a new section of content... It's an entirely new Hall of Fame, comprised only of Eric's Crypto Capital picks.

You see, Eric's just too good. He has racked up so many big returns since Crypto Capital launched several years ago that they've started to crowd out our other editors' best stock and bond recommendations in the Stansberry Research Hall of Fame.

Eric's latest 10X winner – a 1,157% gain on a coin called Polymesh – put him over the top... with four of the Top 10 closed positions in any asset class in our company's history. Eric is truly in a league of his own.

Eric's latest win speaks partially to the bull run cryptos have been on lately – one which Eric expects to reach new heights this year – but mostly to Eric's work. He has bagged more 1,000% gains than any analyst in Stansberry Research's 25-year history.

In 2021, we carved out a crypto-only "Top Open Recommendations" list because Eric's open crypto picks filled our company's entire Top 10 highest-returning open positions list. Now, we're minting a crypto-only Hall of Fame for Eric's largest closed position gains.

Introducing the Stansberry Research Crypto Hall of Fame...

As I (Corey McLaughlin) said, you'll find this list at the bottom of our Digest e-mails moving forward. We'll keep it updated as Eric adds to his Hall-of-Fame resume. But as an introduction, here's the list...

Stansberry Research Crypto Hall of Fame
Top 5 highest-returning closed positions in the Crypto Capital model portfolio

I notice a few things worth mentioning here. First, these aren't your "household" cryptos bitcoin and Ethereum. I'm willing to bet most people outside of Eric's Crypto Capital subscribers have never heard of these coins. Second, they are nearly all 1,000%-plus gains.

I also want to emphasize that these are entirely closed positions.

Eric has closed partial positions even higher – like a 5,751% gain in Harmony, a 2,466% gain in Ethereum, and a 2,124% gain in Band Protocol. But given the volatile and cyclical nature of cryptos, listing only fully closed positions in a crypto-only Hall of Fame feels appropriate.

These facts also demonstrate a distinguishing feature of Eric's research... and a critical point that he mentioned in his new free presentation, which debuted earlier this week...

Cryptos are volatile. They go through huge booms and busts. So you need to know how to navigate the sector.

Eric shared tips for navigating the volatile world of cryptos in his presentation... along with covering the details of a once-every-four-years "reboot" for bitcoin coming later this month. Eric expects this reboot to be a catalyst for a "Melt Up" in cryptos this year.

If you haven't checked it out already, you can watch or listen to Eric's presentation for free right here. Eric also shares a free recommendation on a relatively little-known crypto that he thinks has the potential for thousands-of-percent gains...

How he does it...

How is Eric able to book these kinds of Hall-of-Fame returns in little-known cryptos again and again for Crypto Capital subscribers? Well, for starters, I can tell you he and the Crypto Capital team do unparalleled research.

For example, I can't tell you how many times I've watched one of Eric's weekly video updates for subscribers where he's recording from the road at a crypto conference, either as an attendee or as an expert presenter himself.

You see, Eric has a pulse on bitcoin, the world's most popular cryptocurrency, and the crypto sector in general. You can learn all you need to know from him. And in his new presentation, he explains why he thinks the price of bitcoin is headed to $100,000 this year (and even higher in the years ahead).

And unlike anyone else we've met, Eric and his team also provide deep research on "altcoins" that most people have never heard of, which are precisely the kind of speculative investments that have the potential to make thousands-of-percent returns. (See the new Hall of Fame.)

Importantly, Eric uses a rules-based system for making recommendations and trading. Without getting into the details, this allows him to eschew those darn human emotions, recommend buying cryptos with growth potential and a real use case, and take "ridiculous" profits without questioning the process.

As Eric even acknowledges, you don't have to be a believer in cryptos to make the kind of gains he has become known for. But as he puts it in his presentation...

You have to know which coins to buy... and then, when to sell... to potentially book those ridiculously high gains. Because these cryptos can be risky – and most folks don't know how to handle risk.

You also need to know how to buy, which Eric also shows subscribers step by step in Crypto Capital.

All in all, congratulations to Eric, the Crypto Capital team, and most importantly, subscribers who have enjoyed his Hall of Fame recommendations. They are now in a class of their own.

Now, picking up where we (and the market) left off yesterday...

As we wrote yesterday, "hotter than expected" March consumer price index ("CPI") numbers roiled the markets. Treasury yields spiked to four-month highs, and the major U.S. stock indexes slid between 1% and 3%.

I also noted that we'd be eyeing the market reaction to more inflation data slated for today – the producer price index ("PPI") – to see if a longer-lasting sell-off in stocks might be afoot due to high(er) inflation.

Well, this morning, the March PPI data – which measures costs for businesses (and thus says something about potential margins and earnings for companies ahead) – came in "cooler than expected," up 0.2% last month versus Wall Street's 0.3% estimate.

A tenth of a percent may not sound like a large number, but it's the difference between being closer to the 2% annualized inflation range the Federal Reserve purports or closer to a 4% inflation rate. The numbers also showed a 2.1% year-over-year change, the highest for PPI in a year.

Adding to the equation were indications from the European Central Bank this morning that it is going to cut interest rates in a few months because of a weakening European economy, independent of what the Fed might do.

The U.S. Dollar Index ("DXY") – which measures the dollar against the value of the euro and four other major currencies – rose slightly to continue trading near a four-month high on the news.

The market had a mixed morning and bullish afternoon...

This morning, longer-term Treasury yields (10-year and 30-year, for instance) rose some, but the two-year yield fell slightly, and the three-month T-bill yield was little changed, just under 5.4%.

The tech-heavy Nasdaq Composite Index was up slightly while the benchmark S&P 500 Index, Dow Jones Industrial Average, and small-cap Russell 2000 were down a little. By mid-afternoon, though, the story changed...

The Nasdaq closed 1.7% higher, the S&P 500 and Russell 2000 were nearly 1% higher, the Dow was still slightly lower, and the trend the trend in yields stayed in place. Many popular tech stocks, like Apple, Nvidia, and Alphabet were among the day's biggest winners.

What happened?...

If you believe in the influence of "Fed speak," New York Federal Reserve President John Williams, the central bank's unofficial No. 2-ranked member, told reporters today after a morning event in New York that "there's no clear need to adjust monetary policy in the very near term" and that he still expects the Fed to cut rates later this year.

That means – even with inflation numbers reaccelerating through the first three months of 2024 – the Fed isn't in a rush to cut rates. It still seems intent to stay its course and hold rates where they are... while eyeing the possibility of still cutting rates this year, before doing anything else, like another rate hike.

I've suggested this is an outcome worth considering... and that more rate hikes ultimately could or should happen. But for now, it seems like the Fed is still willing to "wait and see" if inflation keeps running hot.

Meantime, the U.S. Treasury just reported yesterday that the national budget racked up a more than $1 trillion deficit through the first half of the fiscal year, ending in March. Interest payments on public debt were up 36% to $522 billion.

Gold's price, which we suspect is telling us something about investors' inflation concerns, was up another 1.6% today... to a new all-time high of around $2,370. Bitcoin's return in the past 24 hours is similar, up almost 1%, with its price above $70,000.

New 52-week highs (as of 4/10/24): Alamos Gold (AGI), Amazon (AMZN), Ascot Resources (AOTVF), Chord Energy (CHRD), iMGP DBi Managed Futures Strategy Fund (DBMF), Enerplus (ERF), First Trust Natural Gas Fund (FCG), Pioneer Natural Resources (PXD), Teck Resources (TECK), United States Commodity Index Fund (USCI), Viper Energy (VNOM), and ExxonMobil (XOM).

In today's mailbag, your feedback on yesterday's Digest and "hotter than expected" inflation data... Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com.

"Excluding food and oil from the CPI is like me excluding Calculus and Organic Chemistry from my Grade Point Average (GPA). Because these two sectors are too volatile??? Absurd. They track all their data every month – that should even out volatility.

"My bet is that 'Real Life CPI' (my index with food and fuel included), which the Fed is afraid to calculate, is another two percentage points higher at the very least." – Subscriber Daniel S.

"Your missive today about inflation triggered a memory of something I witnessed some 50 years ago. I was chatting with a nice elderly couple who were both retired and owned their home and car and basically didn't owe anyone any money. They were lamenting that they were going to have to sell their home and downsize because they couldn't afford the taxes and insurance. It was a shock for me to learn the American Dream may be a myth but I had a harsh reminder when my auto policy came up for renewal next month and the premium went up over 30%. It's a shame the Fed doesn't use necessities for their inflation computations." – Subscriber B.W.

"Corey... I was not surprised [by the inflation report]. I am so sorry that so many were." – Stansberry Alliance member Bill B.

All the best,

Corey McLaughlin
Baltimore, Maryland
April 11, 2024