Dear New World Investor: June quarter real GDP was reported Wednesday morning up +3.0%, above the +2.6% consensus. Click for larger graphic h/t Yahoo Finance I’ve been talking about this “surprising” strength for weeks, so I hope you weren’t surprised by that – Fed Chairman Powell certainly wasn’t. The...

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Dear New World Investor: At the top of each Friday’s Boomberg on Substack I repeat an important note: “Stocks peak about every 36 years, most recently in 1929, 1965, and 2000. This 36-year cycle can be traced all the way back to the earliest eras in recorded human history,...

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Dear New World Investor: There are two things I realized about President Trump before his first term started in 2016: 1. In a complex situation, he likes to shake everything up, see where things land, and then decide what to do next. 2. He actually follows The Art of...

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Dear New World Investor: My Rocket Lab recommendation had a rocky start but now is working well and has a long way to run. Redwire also is off to a rocky start and isn’t nearly as interesting as RKLB, but it also seems bound to be a money-maker as...

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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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