Author Archives: Michael Murphy

Dear New World Investor: Uranium Russian President Putin signed a decree on Tuesday restricting the import and export of specified goods and raw materials “to ensure the security of the Russian Federation.” It did not specify which goods and materials would be restricted, but it may include enriched uranium....

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Dear New World Investor: The Fog of War has descended on the stock market, with no one really sure how blocking Russian banks from the SWIFT international bank settlements system, the Nord Stream 2 bankruptcy (if it even happened) possibly slashing natural gas supplies to Europe, $110 oil, and...

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Dear New World Investor: I was wrong. Putin did invade Ukraine – sort of. He recognized two provinces as countries and then launched a very precise attack on Ukraine’s military installations and airfields. He always plays 3D chess, so he must have something up his sleeve. Perhaps it’s that...

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Dear New World Investor: I could be wrong, but: * * I didn’t think Putin would invade Ukraine on February 16, I don’t think President Biden’s “sense” that there will be an invasion in the “next several days” is any more accurate, and I think if Putin really...

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Dear New World Investor: Stocks took a big hit today as the headline Consumer Price Index for January came in at +7.5% year-over-year. Due to the base effect, February could be as bad, but March should start a multi-month trend of lower increases. After very strong Treasury auctions this...

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Dear New World Investor: The consensus forecast for Friday morning’s January payrolls addition is only +150,000, following December’s weak +199,000. Late last summer, Fed Chairman Powell said he wanted to see monthly payroll additions around +1,000,000 before he raised interest rates. Wall Street’s panicky projection of a 1.25 percentage...

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Dear New World Investor: So the “hawkish” Fed said no change to their taper plans, they will consider a March interest rate increase, and they won’t sell bonds to reduce their balance sheet, they’ll just let the mortgage bonds mature. Really? With the rate of inflation about to start...

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Dear New World Investor: The S&P 500 lost 3.8% since last Thursday as fears of interest rate increases, the omicron virus, and war in Ukraine ebbed and flowed. The Index is down 5.9% year-to-date. The Nasdaq Composite lost 4.4% as its advance/decline line registered a net negative reading for...

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Dear New World Investor: On May 14, 2018, the Supreme Court struck down a 1992 Federal law that effectively banned state-authorized sports gambling, opening the door to legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make every year. Nevada has had legal...

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