This bull run in cryptos isn't over... A 'reboot' is coming for bitcoin... The last and biggest true mania... Eric Wade's urgent briefing tomorrow... Sign up now and get a free recommendation... What else to watch this week...
A 'Melt Up' is coming in cryptos...
That's the word from our Crypto Capital editor Eric Wade...
Eric has been preparing his subscribers and anyone else who will listen for an ongoing bull run in cryptos. Last summer, he urged folks to buy bitcoin. The price has roughly tripled since then.
In January, we went live with an emergency briefing to all Stansberry Research readers and called for new highs in bitcoin, which proved prescient in short order. The world's most popular cryptocurrency has soared by more than 60% since the start of the year and traded today above $70,000 near new all-time highs...
Many other cryptos are up by even more in the same period.
I (Corey McLaughlin) have worked to keep you updated on the massive moves we've been seeing in cryptocurrencies this year. Part of that meant sharing takes from Eric and the rest of his Crypto Capital team as this bull run has gone on. And now Eric is ready to share more details with you himself...
Tomorrow morning, at 10 a.m. Eastern time, Eric is going on camera for another free, urgent briefing. You won't want to miss it. In short, he's expecting a "Melt Up" – a push to unthinkable new highs – to play out in cryptocurrencies by the end of this year...
In this free presentation, Eric will explain the reasons why...
He'll tell you why a "reboot" coming to bitcoin later this month will be a major catalyst for higher prices... reveal just how much higher and longer this crypto bull market can go... and explain how to position yourself for potentially thousands-of-percent gains.
That might sound like an exaggeration... But know that Eric has booked more 1,000% winners than any other Stansberry Research analyst – solely by using cryptocurrencies.
In fact, we had to carve out a crypto-only "Top Open Recommendations" section at the bottom of our daily Digest e-mail because Eric's picks were crowding out our editors' best stock recommendations. (We're now working on creating a crypto-only Hall of Fame, too.)
Tomorrow, Eric will discuss why this could be the "last and biggest true mania" in cryptos... and why his three favorite "altcoins" – a term for cryptocurrencies besides bitcoin – could rise 5,000% along the way.
As Eric says...
That's my specialty... finding "altcoins" that can change your entire financial situation, beginning with just a few bucks... whether you believe in crypto or not.
But he says time is running out to position yourself for the biggest gains.
Make sure you sign up now to make sure you don't miss anything.
If you've been interested in cryptos at all, or even if you haven't, check out the presentation.
Just for registering, Eric will share the name of one of his favorite altcoins right now that he says could soar in this Melt Up... You'll also get access to materials that will help you hit the ground running tomorrow when you hear all the details in the brand-new briefing, which will include Eric's prediction for bitcoin's price this year and much more.
Our longtime readers know all about the 'Melt Up' idea...
It's a label Stansberry Research icon Steve Sjuggerud popularized over the past decade. In simple terms, it describes the blistering, final push of a bull market to unimaginable new highs – and the euphoria among investors that comes along with it.
Now, if you're not aware of this behavior, you can easily get swept up in it with the rest of the crowd.
But – and this a big but – these waves of bullishness can be incredibly profitable if you know how to ride them up. A critical piece of that is being rightfully prepared to hop off the trend (and take profits) before all the positive sentiment "blows off" after its crest.
It's not easy to do, but it is possible. One of the many things I have learned from reading Steve's work over the years – and that of our founder Porter Stansberry – is that contrary to popular belief, you can and should time the market.
You can and should do your own work... and think about concepts like a Melt Up (and the "Melt Down" that inevitably follows) and other indicators... rather than getting caught up in the mainstream mood or the belief that the market is totally "efficient."
As Steve wrote in a 2021 Digest (and in various forms over the years)...
When it comes to timing market peaks and bottoms, I've had the most success in my career using sentiment to time the market.
This is precisely how and why above-average returns can be made – by using the right tools to do something different from – and better than – the "buy and hold" crowd or other herds.
Classic advice...
Stansberry Alliance members and existing Stansberry's Investment Advisory subscribers can take a spin through Porter's classic "The Seven Real Secrets of the World's Best Investors" issue from 15 years ago for more detail.
If you haven't already read the whole thing, you should. But here's a piece of Porter's take...
The intellectual rationale for buy and hold is the idea that securities prices instantly reflect all the information available. You can't get an advantage on the market. The best investors can hope to do, therefore, is to get the market's average return. And the only sure way to do this is to buy an index fund, year after year, and hold it forever.
This idea – that information is reflected accurately and instantly in the market – is preposterous. In the first place, lots of people trading stocks don't know what they're doing. They can't accurately handicap stock prices because they don't know the first thing about valuation.
But even more than this, most of what's important to stock prices is unknowable. Nobody knows what the future holds for things like interest rates and economic growth. People's emotions about these unknowable variables – what we call "sentiment" – make a far bigger impact on stock prices than the latest earnings report. And people's emotions are anything but rational or efficient.
You can dramatically increase your returns in common stocks if you're simply more disciplined about when you make major investments...
Porter added that you can almost always find the right conditions somewhere or in some part of the U.S. market. Steve and Porter wrote about this concept with respect to stocks, but it can also apply elsewhere...
Again, check out Eric's free presentation tomorrow morning for the details on why he's expecting a Melt Up in cryptos this year and how best to position yourself to make potentially 5 to 10 times your money before this window of opportunity closes soon.
Inflation numbers on tap this week...
There wasn't much action in the major U.S. indexes today. Following an up day Friday on the heels of a jobs report that showed a lower unemployment rate (3.8%), the benchmark S&P 500, tech-heavy Nasdaq, and Dow Jones Industrial Average were little changed today. But volatility could pick up later this week...
The latest consumer price index ("CPI") reading for March comes out Wednesday morning. The producer price index ("PPI") – which covers prices paid by businesses – follows on Thursday morning.
As we've been writing lately, higher-than-expected inflation is back on investors' radar. So is the possibility that the Federal Reserve might (or might not) extend its interest-rate "pause" or possibly even hike rates again before cutting them, as has been the leading expectation.
The inflation numbers this week will add to the narrative in one way or another and possibly raise more questions. Check out Ten Stock Trader editor Greg Diamond's preview below in this week's edition of Diamond's Edge, the video series available first to Digest readers. As Greg says...
I'm not going to sit here and tell you that inflation's going to be higher or lower. What it really comes down to is, are we going to see a big outlier either way?
Greg lays out the scenarios for stocks, depending on what the CPI and PPI data show this week, including one that could be a "buy" signal for U.S. stocks. Check out Greg's video for his analysis... and stay tuned.
Also, this week, another earnings season begins in earnest when the big banks report on Friday.
It'll also be worth eyeing the Fed minutes from its last meeting, which come out Wednesday afternoon, and what the European Central Bank decides with its policy and signals about moves ahead after its meeting on Thursday.
Gauging Inflation's Impact on Stocks
In this week's Diamond's Edge, Ten Stock Trader editor Greg Diamond takes a look at interest rates, looks ahead to this week's inflation data, and considers what it might mean for the stock market...
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.
New 52-week highs (as of 4/5/24): Agnico Eagle Mines (AEM), Amazon (AMZN), Grupo Aeroportuario del Sureste (ASR), Aya Gold & Silver (AYASF), Alpha Architect 1-3 Month Box Fund (BOXX), Chord Energy (CHRD), Dell Technologies (DELL), ProShares Ultra Energy (DIG), iShares MSCI Emerging Markets ex China Fund (EMXC), Enerplus (ERF), Diamondback Energy (FANG), First Trust Natural Gas Fund (FCG), Comfort Systems USA (FIX), GEO Group (GEO), SPDR Gold Shares (GLD), Liberty Energy (LBRT), MSA Safety (MSA), Nucor (NUE), Occidental Petroleum (OXY), Parker-Hannifin (PH), Sprott Physical Gold Trust (PHYS), Sprott Physical Silver Trust (PSLV), Pioneer Natural Resources (PXD), RadNet (RDNT), Sprott (SII), iShares Silver Trust (SLV), Spotify Technology (SPOT), Travelers (TRV), Trane Technologies (TT), Textron (TXT), ProShares Ultra Gold (UGL), United States Commodity Index Fund (USCI), Viper Energy (VNOM), Energy Select Sector SPDR Fund (XLE), ExxonMobil (XOM), and SPDR S&P Oil & Gas Exploration & Production Fund (XOP).
In today's mailbag, feedback on Dan Ferris' Friday essay... Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com.
"Dan, thank you. A timely message, even if we have ONLY a 'minor near-term correction' then a 'crash' after the Election. (That is my 'current' belief based on some not-so-historical potential volatility.)
"Me? I think the Fed is in that never-never land between Volker1 and Volker2, hoping international Central Banks and investors don't pull the plug. In fact, I'm not so sure it hasn't started, under the radar, so to speak." – Stansberry Alliance member Bill B.
"Excellent Digest [on Friday], Dan. Always good and particularly so today. A 'voice of reason'; thank you." – Subscriber M.N.
All the best,
Corey McLaughlin
Baltimore, Maryland
April 8, 2024
Join for free. See how over a million people are taking control of their wealth…
