WE’RE ON YOUTUBE NOW! See HERE & HERE (Yeah … I’m REALLY excited about this).

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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings. NEVER BE SURPRISED BY EASILY ANTICIPATED MARKET BREAKING NEWS. That’s our goal here.

PAID SUBSCRIBERS: My short play is green by 4.14%. They report earnings today (AH). Am I holding? You bet! Of course I included insider buys & yesterdays earnings results. I moreover added some reputable short research firms for you to follow. Indeed I took up a small short position yesterday based on one of their reports. It’s already 3.38% in the green. I haven’t had many losers over the last month but that doesn’t mean you go all in. It takes time to develop the positions & ensure the conditions are right. Still things can go wrong. So never allocate too much money to a short position.

ECONOMIC NEWS: I said my piece for this week on Monday. Pretty much sums it up. I have no update as to my opinion of the Fed Interest Rate Decision today. I still think folks should draw their attention to the GDP cut tomorrow.

WHATS IN THE NAME “RECESSION”: There’s been a lot of talk of what constitutes a “recession” by the White House. The White House claims that two consecutive quarters of negative GDP growth does not necessarily constitute a recession. Understand this; in the last 10 times we had two consecutive quarters of negative GDP growth, ALL of them were formally classified as a “recession.” Folks, a recession is simply sustained negative GDP growth. Generally the pain does not happen in the early part of a recession, although the market will certainly price it in. The pain happens, for everyday folks, later as decreased margins force employers to layoff employees. And this is precisely the phenomena that the Fed is trying to make happen. Unless they can cool off the labor market, inflation will continue to rise. The White House knows this but insists we are not heading into a recession. This, ladies & gentlemen, is called “talking up the economy.” The White House fears, & justifiably so, that once there is a formal declaration of recession people will slow their spending habits (as well they should). Therefore it is in Biden’s interest to talk up the economy, for both long term political & short term economic reasons. However it is generally in the consumers interest amid a recession to plan for the worst & hope for the best.

WORLD MARKETS:

• Stock futures rise ahead of key Fed decision.

• European markets nudge higher ahead of Fed decision.

• Property stocks drop as Hong Kong shares slip in mixed Asia trade; Australia’s inflation rises

RECOMMENDED:

• China’s property sales are set to plunge 30% — worse than in 2008, S&P says.

• Putin’s new gas squeeze condemns Europe to recession and a hard winter of rationing.

• This map shows the massive gas pipeline that Russia and China are building

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