Charles Sizemore

In The Rime of the Ancient Mariner, the crew hangs a dead albatross around the neck of the crewmate who killed it as punishment for his actions cursing the ship. Today, the U.S. dollar wears its own version of that dead bird. Here’s why, and what you should do about it.

Talk about a market that’s priced for perfection… The S&P 500 trades at 28 times reported earnings. That puts it between the 90th and 95th percentile of most expensive markets in history, depending on what timeframe you choose. So is now the time for buy-and-hold investing? Let’s talk through this…

There’s clearly no love lost between President Trump and Fed chair Jerome Powell. Trump doesn’t have the authority to fire Powell. So, Mr. Transitory Inflation will still be running the Fed for another 11 months, until his term ends. But Trump announced this week that he had already narrowed down Powell’s replacement to a handful of candidates… and that an announcement might be coming soon. As investors, we need to pay attention.

If you know how to use AI, it makes you infinitely more productive. And this is true of investing, too. As colleague Keith Kaplan will be lifting the lid on tomorrow in a special broadcast, he and his team at TradeSmith have created a breakthrough new tool that can make you a better trader.

As we’ll look at today, the real risk isn’t of America getting bogged down in a messy war in Iran. It’s what the reaction to the war says about the lynchpin asset of the global financial system… and something we’re all exposed to as investors.

Change is coming quickly. Cryptocurrencies are actually becoming useful. They’re starting to have legitimate real-world uses beyond naked speculation and ridiculous internet memes. As I wrote earlier this week in Freeport Navigator, Amazon and Walmart are looking to launch stablecoins, dollar-backed cryptos designed to be spent. 
The GENIUS Act creates the legal framework to make this doable.