Author Archives: Michael Murphy

New World Investor – 1.2.25

02
Jan 25
Dear New World Investor: The average New World Investor recommendation finished 2024 up 20.2%, or 16.7% including the two S&P put recommendations that expired worthless. The biotech and small cap stocks made it underperform the S&P 500 and Nasdaq Composite. Click for larger graphic Business Insider, 12/28/23: “Legendary...

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New World Investor – 12.19.24

19
Dec 24
Dear New World Investor: NOTICE: No newsletter next week and I’m sure you can guess why. The Santa Claus rally should start shortly and I’ll be back on January 2 with the 2024 performance results and some early thoughts on 2025. The Fed cut the Fed funds rate a...

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New World Investor – 12.12.24

12
Dec 24
Dear New World Investor: The headline Consumer Price Index (CPI) for November increased 2.7% year-over-year (YoY), the second consecutive increase in annual inflation – a trend not seen since April, and 0.3% month-over-month (MoM). Both were a slight uptick from October’s 2.6% YoY and 0.2% MoM. It was the...

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New World Investor – 12.5.24

05
Dec 24
Dear New World Investor: The venerable Dow Jones Industrial Average went over 45,000, the S&P 500 and Nasdaq Composite hit new record highs, and bitcoin cleared $100,000 – so all is right with the world? Well, not quite. Inflation is enough above the Fed’s target and the labor data...

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New World Investor – 11.21.24

21
Nov 24
Dear New World Investor: NOTICE: No newsletter next week, as unlike days of yore nothing much happens during Thanksgiving week. The day after Thanksgiving used to be a major tell for the next market move – now it’s a nothingburger. I’ll be back on December 5, more than...

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New World Investor – 11.14.24

14
Nov 24
Dear New World Investor: The October Consumer Price Index (CPI) headline number increased 2.6%, right on the consensus but a bit faster than September’s 2.4%. The month-over-month increase was 0.2%, the same as the last three months and also right on the consensus. As usual, a few outliers warped...

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New World Investor – 11.7.24

08
Nov 24
Dear New World Investor: The Fed cut the Fed funds rate a quarter-point (25bps) today, as I expected. They removed language from the September statement that they have “gained greater confidence” that inflation was moving towards their 2% target. Traders have begun to trim bets for another quarter-point cut...

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New World Investor – 10.31.24 (Halloween Edition)

01
Nov 24
Dear New World Investor: It’s been a week of economic news and earnings. The news paints a soft landing picture, although I still think we’ll see a mild recession no matter who wins the election. September Job Openings and Labor Turnover Survey (JOLTS): Job openings fell more than expected...

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New World Investor – 10.24.24

25
Oct 24
Dear New World Investor: Gold and silver showed no sign of slowing their rise this week as investors continue to pour into precious metals. Gold futures touched fresh records on Monday, rising as much as 0.8% to hover near highs of $2,750 per ounce. Silver futures gained more than...

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New World Investor – 10.17.24

17
Oct 24
Dear New World Investor: There now are more assets in passive (index) funds than actively-managed funds. That means winners created by active fund buying keep winning as passive funds buy them and vice-versa. There are real opportunities in (1) identifying potential winners early and (2) identifying potential turnarounds that...

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