A Huge Day for Ten Stock Trader
A huge day for Ten Stock Trader... Our first winner in just 24 hours... Your last chance to 'beta test' our new service... Interest rates are moving higher again... Don't get too bearish on bonds just yet... The mailbag is overflowing...
Well, that didn't take long...
Yesterday, our colleague Greg Diamond recommended his first trade to "beta testers" of his brand-new Ten Stock Trader service.
As of this morning, we can report he has now closed his first trade as well. And folks who followed his advice locked in an official gain of 25% in a little more than 24 hours.
Kudos to Greg... And congrats to everyone who took us up on the offer to test this service for the first time.
We aren't at liberty to share all the details of the trade here today...
But if you've been following Greg's work on the Stansberry NewsWire over the last several months, you know he has been forecasting a potential market "inflection point" this spring.
In particular, he has highlighted several specific dates in April and May that are likely to coincide with significant volatility in the broad market... And he's structuring his initial trades to take advantage of these opportunities. In this case, Greg foresaw a short-term drop in the market, and recommended buying a specific put option on the SPDR S&P 500 Fund (SPY).
If today's mailbag is any indication, his first trade was clearly a success. But Greg believes even better opportunities are likely in the weeks and months ahead. In fact, he says the first is setting up for as early as this coming Monday and Tuesday.
So if you missed out on Greg's first trade, you haven't really missed anything (yet)...
And for just a few more days, you can still take advantage of our first ever "beta test" offer to try Ten Stock Trader for yourself.
As a beta tester, you'll get instant access to all of Greg's research and analysis to date, and be notified of new trade recommendations – including precise instructions on exactly what and how much to buy, and exactly when to sell – the moment they're published.
Best of all, you'll get it all for up to 85% off what it will cost when we officially launch this service to the public later this year. Click here to sign up now.
Elsewhere in the market, the most important number in finance is moving higher again...
At the end of January, we noted that the yield on 10-year U.S. Treasury notes – which influences borrowing costs across the entire economy – had just broken out to a four-year high of 2.75%.
Today, it did so again. As you can see in the following chart, 10-year yields just hit a fresh four-year high of 2.95%...
Benchmark interest rates have now more than doubled since hitting an all-time low of 1.34% in July 2016. And they're quickly closing in on the 3% level.
As regular Digest readers know, two of the world's best-known bond investors are watching this level closely.
Both "Bond King" Bill Gross, who co-founded investment management firm PIMCO, and "Bond God" Jeffrey Gundlach, founder of DoubleLine Capital, believe a breakout above this level will officially mark the end of the multidecade bond bull market.
But before you think about shorting the bond market today, you must know one thing...
Many other folks have exactly the same idea.
In fact, this trade is so "crowded" right now, our colleague Steve Sjuggerud recently took the other side of the bet. As he explained in our free DailyWealth e-letter earlier this month...
In my True Wealth newsletter, we recently made a big bet that interest rates on long-term bonds will go DOWN this year – not up...
Investors are almost unanimously betting against Treasury bonds. They are nearly unanimously betting on higher interest rates...
If you are betting on higher interest rates today, you need to realize that you are part of a crowded trade. And when a trade gets this crowded, the consensus is usually wrong.
To be clear, this is only a short-term trade...
He expects his True Wealth subscribers could see gains of up to 50% over the next few months in this particular recommendation. But over the long term, Steve agrees with Gross and Gundlach that rates are likely headed much higher...
"But what about all the government spending, Steve?" It's a fair question. The U.S. government is $20 trillion in debt. If it can't pay it back, investors would lose confidence in government bonds, sending interest rates dramatically higher. The only question is, when will this happen?
Looking years ahead, I get it – it's a scary picture. The U.S. government is heading ultimately toward a debt crisis, with dramatically higher interest rates.
But that scenario is likely years away. For the next few months, my money is on lower long-term interest rates.
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New 52-week highs (as of 4/19/18): American Express (AXP), Genco Shipping & Trading (GNK), iShares U.S. Aerospace and Defense Fund (ITA), Newmont Mining (NEM), and Pioneer Natural Resources (PXD).
The mailbag is overflowing with feedback on Greg's first Ten Stock Trader recommendation. As always, send your notes to feedback@stansberryresearch.com. Good or bad, we read them all.
"OK Greg Diamond! Just closed my first trade with you on the new Ten Stock Trader system and made a nifty one-day profit. Keep up the good work!" – Paid-up Stansberry Alliance member George P.
"Gotta love profits! 28% in one day. Way to go, Greg!" – Paid-up subscriber Gayla H.
"Nice little trade. Thank you. This may have been about the fastest 20%+ I ever had." – Paid-up Stansberry Alliance member Jake H.
"Wow... 35% in barely over 24 hours on the first trade from Ten Stock Trader. What a way to come out of the gate! I'm glad I didn't paper trade it, but just used the recommended allocation levels to sleep comfortable. I don't expect this regularly but wouldn't complain. You've got my attention..." – Paid-up "long time" Stansberry Alliance member Derek F.
"The beta test is going better than I dreamed. I bought the [puts] @3.15, sold same less than 24 hrs later @4.15. Love this system. Thanks to Greg and Porter for bringing this to life." – Paid-up Stansberry Alliance member Steve J.
"Greg: That was fun. It was indeed a great start. I'll take 33.8% in 24 hours any day. Thanks!" – Paid-up subscriber Tom S.
"To Greg D... Very impressive!" – Paid-up subscriber S.G.
"Greg... I entered the trade yesterday at $3.25. I sold it today at $4.20. A 29% return in one day! Thank you! I can't wait to read your next post!" – Paid-up Stansberry Alliance member Jim M.
"Great first trade 39% gain for me." – Paid-up subscriber Larry C.
"Nice call on the puts. Congrats!" – Paid-up subscriber Jim B.
"Thanks! First recommended trade was a good one. Bought put option at $3.00 and sold a day later for $4.20." – Paid-up subscriber Kirk H.
"Great start! Sold for a 26% profit. Thanks." – Paid-up subscriber Jacob R.
"Thank you, Greg. Nice trade... I really enjoy your analysis and strategy." – Paid-up subscriber Kevin M.
"Just sold... Like the $ and loving what I am learning more. Thanks!" – Paid-up subscriber James G.
"Greg: Just wanted to send you a quick note to say thanks for the first trade. I have a lot of long stocks in my portfolio, and I wasn't too sure about your first recommendation to buy [puts]. Nevertheless, I am committed to doing every trade you do in Ten Stock Trader as I believe you know what you're doing, and I don't want to cherry pick. I bought the puts as you recommended at $3.18 and sold the next day for $4.11. A profit to me of $1,810. Not too bad for the first trade! Keep up the good work!" – Paid-up subscriber Rob M.
"Great execution on your first trade... Not going to exit just yet but set a tight stop based on your recommendation to exit the position. Keep it up!" – Paid-up subscriber Avi N.
"Sold just now for a 33% profit! Nice! Thnx Greg!" – Paid-up subscriber Robert A.
"Greg, off to a very good start with the Stansberry Ten Stock Trader beta testing. Actions Taken: 1. Read the Hedge-Fund Trader's Manual, studying technical indicators & terms over the weekend to understand trade alerts... 2. Re-read the Stansberry Research Guide to Options... 3. [Followed] Ten Stock Trader alerts... Result: 27.44% gain Very good work Greg (& team). Thank you!" – Paid-up Stansberry Alliance member Leon T.
"Yield = 33.87%... Annual percentage too big to count. Thanks." – Paid-up subscriber Bob J.
"Dear Greg: I am happy to tell you that I made $497.86 from your recommendation, 24% profit. I enjoy reading your comments a lot... What a pleasure you are!" – Paid-up subscriber L.L.
Greg Diamond comment: Thank you for all the great feedback, and please keep the e-mails coming. I read every single one!
And keep an eye out for new trades early next week. As you know, I believe the stock market is at a big inflection point regarding important resistance levels, time-cycle analysis, and major earnings announcements next week. I'm expecting a lot of fireworks.
Regards,
Justin Brill
Baltimore, Maryland
April 20, 2018