Dear New World Investor: “Space – the final frontier. These are the voyages of the starship Enterprise – its five-year mission to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no man has gone before.” And so William Shatner, speaking as...

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Dear New World Investor: AI stocks are getting pounded today due to the Chinese company Deepseek releasing an open-source AI model that’s much less expensive than OpenAI, Llama 2, or any of the other major competitors. What the market is missing is that this is all massively bullish for...

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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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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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Dear New World Investor: The August payrolls report showed 142,000 nonfarm payroll jobs added, fewer than the 165,000 expected by economists. July was revised down from +116,000 to +89,000. But the unemployment rate fell from 4.3% in July to 4.2% in August, the first decrease in the unemployment rate...

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Dear New World Investor: This morning’s first revision of the June quarter real GDP report raised the annual growth rate from 2.8% to a healthy 3.0%. That’s more than double the sluggish 1.4% growth rate in the March quarter. Click for larger graphic h/t Yahoo Finance Consumer spending, which...

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Dear New World Investor: This morning’s first estimate of June quarter real GDP growth surprised me by coming in at 2.8%, pretty much right on the Atlanta Fed’s GDPNow model estimate I reported last week at +2.7%. I wrote: “The Atlanta Fed’s GDPNow model forecast for June quarter real...

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Dear New World Investor: A major PC crash slowed and shortened this issue. No fractal, GDPNow, or bitcoin graphics. My apologies for that – the little laptop did its best and we’ll be good to go next week. Yesterday’s core Consumer Price Index (CPI) report for May showed a...

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I was planning to issue a Buy recommendation on Palantir (PLTR) in this Thursday’s letter, but after the company reported a great quarter today Wall Street is clobbering the stock in the aftermarket. That’s dumb, and I want you to take advantage of them. I’ll have the basic write-up...

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Dear New World Investor: Although tomorrow is a stock market holiday, we are supposed to get the February Personal Consumption Index inflation. Core PCE is estimated at over 3%, which will keep the Fed in “High – but not higher – for longer” mode. Click for larger graphic h/t...

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