The Next Crypto Wave Is Here

Price catalysts are converging for cryptos... This could be the largest crypto bull market ever... Big news appears imminent... Get all the details from Eric Wade... The truth about jobs data... Another stain for Boeing...

Three massive profit catalysts are converging...

Last week, Stansberry Research analyst Eric Wade went live with an emergency briefing.

Eric has delivered more than a dozen 10X returns to his subscribers in the past five years... And now, he believes cryptos could deliver the most lucrative gains of any asset class in 2024.

Eric says this is the strongest buy recommendation he has ever made, which is saying something... and I (Corey McLaughlin) don't want anyone who might be interested to miss out on his message.

So today, we're going to take a closer look at Eric's prediction... And if you haven't already, I urge you to check out Eric's latest presentation before his research goes offline or crypto prices soar.

Sentiment has shifted...

Last year, sentiment around cryptocurrencies seemingly couldn't get any worse amid the scandal around crypto exchange FTX. But now, Eric says the space has three catalysts going for it... and it could send crypto prices to new heights.

This may also be the last time cryptos deliver huge gains over a relatively short period. The price of bitcoin has already risen to more than $46,000 per coin as I write in anticipation of one of these tailwinds. That's a gain of 175% from a year ago.

According to Eric, it's possible that the frenzy we saw in 2020 and 2021 repeats, along with previous new all-time-high cycles. As Eric wrote in his most recent monthly Crypto Capital issue...

We may be about to see the largest crypto bull market ever – the type of rally that can help you build generational wealth...

It could finally push crypto into the mainstream... and lead to thousands-of-percent gains. It's likely we'll never see gains this large again.

We don't know anyone with a better track record and expertise in the crypto space than Eric... So if you're interested in riding this next wave for cryptos, be sure to listen to what he has to say.

Existing Crypto Capital subscribers and Stansberry Alliance members are also welcome to watch Eric's free briefing, and you can find Eric's most recent thoughts in his latest weekly video update from Friday.

The first catalyst could happen any day now...

As Eric explains in his briefing, the U.S. Securities and Exchange Commission ("SEC") is expected to approve listing spot bitcoin exchange-traded funds ("ETFs") for trading within the next few days.

In anticipation of the ruling, various ETF issuers have been filing their final "S-1 amendments" paperwork over the past few days to be ready to make bitcoin ETFs available to investors. As the crypto news outlet CoinTelegraph reported today...

Asset manager Valkyrie was among the first companies to file its final S-1 amendment before Jan. 10, the widely expected date for the first spot Bitcoin ETFs to be approved in the United States.

Valkyrie was followed by WisdomTree, BlackRock, VanEck, Invesco and Galaxy, Grayscale (S-3 filing), ARK Invest and 21Shares, Fidelity, Bitwise and Franklin Templeton.

These new filings have also revealed ETF issuers' plans for trading fees and how they'll "seed" these ETFs. BlackRock (BLK), for instance, said that it purchased almost 228 bitcoin, which is valued at around $10 million.

As Eric explains, with SEC approval, institutional investors will finally be able to gain exposure to bitcoin, much like shares of a company. As money flows in, the price of bitcoin will rise... and could also cause the price of lesser-known cryptos to soar.

But the decision isn't only about attracting new investors to the space. It could help highlight the broader impact and potential of cryptocurrency and blockchain technology in our everyday lives. Eric has covered this in Crypto Capital for years.

And, as we said, this isn't the only catalyst for a bull rally on his radar... Click here to learn more in Eric's free presentation. And, again, existing Crypto Capital subscribers and Alliance members can find his latest research here or in your inbox.

Meanwhile...

Investors are still analyzing the latest "nonfarm payrolls" report published on Friday. In case you missed it, it showed the headline unemployment rate remained steady at 3.7%, indicating that the jobs market isn't significantly weakening.

That's if you believe the "official" data...

Rosenberg Research founder David Rosenberg made a useful observation about how much these jobs numbers have been revised down after the initial job reports over the past year. In other words, things are worse than first reported...

That's right. Rosenberg says 2023 jobs numbers were ultimately revised down by more than 400,000 positions after the initial report.

The second note about the "birth-death" ratio refers to the U.S. Bureau of Labor Statistics estimate of the number of jobs in a given period that have been created by new businesses ("births") and lost to business closings ("deaths").

Many analysts feel this data tends to overestimate job growth and underestimate job losses. For example, if companies suddenly stop reporting employment data, it's impossible to immediately tell if they went out of business or just missed a month.

But people still trade off these numbers. And the market shrugs.

The big economic item to watch this week comes Thursday morning with the December consumer price index ("CPI") inflation report. And then earnings season starts in earnest on Friday when the banks begin to report their latest quarterly results. So we'll be keeping an eye out for those numbers.

Finally, a note about Boeing (BA)...

You've likely seen the shocking images or videos of an Alaska Airlines passenger jet flying (and landing) with a piece of its cabin fuselage missing. The culprit: a faulty panel (or "plug") on a Boeing 737 Max 9 jet. This panel can be used as an optional emergency exit depending on passenger capacity.

There were 177 people on the flight, but fortunately, the two seats next to where this piece of plane blew out – and landed in someone's backyard in Oregon – were unoccupied. And luckily, no one was killed since everyone was still wearing seat belts, though the rapid loss of cabin pressure pulled the clothes off a child, opened the cockpit door, knocked pilots' headsets off, and sent a critical emergency checklist that pilots use flying out of reach.

Unfortunately for Boeing, this isn't the first issue with this specific plane... The jet was already barred from flying long flights over water after triggering pressurization warnings.

So this incident is another big stain for Boeing. The jet maker also had a pair of Max crashes in 2018 and 2019 that killed nearly 350 people and grounded the jets for 20 months... and had net income losses of $2 billion in the past year. (In October, the company also reported losing more than $2 billion alone on a pair of new Air Force One planes commissioned by former president Donald Trump since construction began in 2018.)

In 2019, Airbus displaced Boeing as the largest aerospace company by revenue due to the 737 Max groundings. Now, the 171 Boeing 737 Max 9 airplanes that had been flying have been grounded by the U.S. Federal Aviation Administration's pending investigation.

So Boeing's continued struggles and competition with rival Airbus are back in the spotlight.

As global news service Reuters reported...

The mishap comes as Boeing and supplier Spirit AeroSystems, which made the panel, are grappling with ongoing production setbacks that have hampered recovery from an earlier lengthy 737 MAX safety grounding and wider disruption from the pandemic...

After disappointing sales of the MAX 9, Boeing's largest narrowbody, the company was betting on its newest proposal, the larger-capacity MAX 10, to cut into runaway sales of Airbus's A321neo at the busiest end of the market. Analysts say a full rollout of the MAX line-up is crucial to help Boeing steady or improve its roughly 40% market share and generate enough cash to comfortably ride out the coming decade.

Boeing, saddled with $39 billion in debt, has been reluctant to invest in an all-new plane until engine technology matures in the next decade. Delays to certification of the MAX 10 in particular could put Boeing's 2020s-bridging strategy under renewed pressure, analysts said.

Boeing's struggles also come under the watchful eye of China, a key market broadly closed to the jetmaker in recent years as MAX safety concerns overlapped with trade tensions. Chinese officials sought updates on the Alaska incident on Saturday, sources said.

The primary users of the Boeing 737 Max 9 aircraft are Alaska Airlines and United Airlines. Late today, United said it found loose bolts on door plugs of several Max 9 planes during inspections since Saturday. Shares of Boeing, which are up around 30% since October, were down roughly 8% today.

New 52-week highs (as of 1/5/24): American Express (AXP), Canadian National Railway (CNI), Cencora (COR), JPMorgan Chase (JPM), Novartis (NVS), Sprouts Farmers Market (SFM), ProShares Ultra Financials (UYG), and W.R. Berkley (WRB).

In today's mailbag, feedback for Stansberry's Investment Advisory editor Whitney Tilson... Do you have a comment or question? As always, e-mail us at feedback@stansberryresearch.com.

"Hi there, I have been a longtime subscriber and Alliance member and am glad to see Whitney Tilson on board. In his January issue of the Stansberry's Investment Advisory, he concluded with 'The biggest mistakes I've made in my investing career involve becoming bearish too early... battening down the hatches when the skies are still sunny.'

"It would be interesting for readers and subscribers like me to understand what Whitney would do differently in his investment approach for subscribers going into 2024." – Stansberry Alliance member Hian T.

Corey McLaughlin comment: Hian, thanks for the note, and we're glad to hear your feedback on Whitney's addition as lead editor of Stansberry's Investment Advisory.

As far as his general outlook and approach heading into 2024, I'd suggest you check out some of Whitney's recent thoughts from his daily newsletter, particularly the one published last Wednesday.

In the issue, Whitney shared his take on the broad market's valuation, various risks facing investors, what history suggests the S&P 500 Index could return this year, and what he makes of the indicators he's looking at for the start of 2024.

Then, I urge everyone to check out the latest monthly issue of the Investment Advisory, with Whitney's contributions and analysis. As Whitney wrote...

This time last year, the market was ugly. But those are perfect conditions for a contrarian value investor. That's why I (Whitney Tilson) told my subscribers at the time that I was "trembling with greed." While everyone was bearish, I was bullish.

These days, though, the crowd has turned bullish... Still, I'm cautiously optimistic. The best word I can come up with to describe my outlook on the markets is "constructive."

Whitney doesn't deny there are risks to consider, but he said the biggest mistakes he has made in his career involve "becoming bearish too early." He said...

A hedged portfolio – like the Investment Advisory team has been running for decades – keeps you in the markets while they're doing well while also shielding you from catastrophe.

Along with Whiteney's thoughts, the team also recommended an undervalued cash-generating business that operates in a country that's on the rise. And right now, it offers a fantastic opportunity for investors.

Existing Investment Advisory subscribers and Stansberry Alliance members can find their new issue here. And if you don't already receive our flagship newsletter, click here to find out more. You'll get access to our latest recommendations and past issues.

All the best,

Corey McLaughlin
Baltimore, Maryland
January 8, 2024