https://www.howestreet.com/2025/07/not-too-late-to-get-into-crypto-currencies-mark-leibovit/

NOT TOO LATE TO GET INTO CRYPTO CURRENCIES

 

 

UPCOMING FED MEETINGS

 

U.S. Stocks Finish Choppy Trading Day Narrowly Mixed

Following the modest pullback seen in the previous session, stocks showed a lack of direction over the course of the trading day on Wednesday. The major averages spent the day bouncing back and forth across the unchanged line before closing narrowly mixed.

While the tech-heavy Nasdaq rose 31.38 points or 0.2 percent to 21,129.67, the S&P 500 edged down 7.96 points or 0.1 percent to 6,362.90 and the Dow fell 171.71 points or 0.4 percent to 44,461.28.

The mixed closed by the major averages came after the Federal Reserve announced its widely expected decision to leave interest rates unchanged in a divided vote.

In support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run, the Fed said it decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent.

The decision to leave rates unchanged was not unanimous, however, as Fed Governors Michelle Bowman and Christopher Waller preferred to lower rates by a quarter percentage point.

During his post-meeting press conference, Fed Chair Jerome Powell said the central bank has not made a decision about lowering rates in September.

“We don’t do that in advance,” Powell said. “We’ll be taking that information into consideration and all the other information we get as we make our decision.”

On the U.S. economic front, payroll processor ADP released a report showing private sector employment in the U.S. increased by more than expected in the month of July.

The report said private sector employment jumped by 104,000 jobs in July after slipping by a revised 23,000 jobs in June.

Economists had expected private sector employment to climb by 78,000 jobs compared to the dip of 33,000 jobs originally reported for the previous month.

The Commerce Department also released a report showing the U.S. economy rebounded by more than expected in the second quarter of 2025.

The report said real gross domestic product surged by 3.0 percent in the second quarter after falling by 0.5 percent in the first quarter. Economists had expected GDP to jump by 2.5 percent.

The rebound by real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending, the Commerce Department said.

Sector News

Most of the major sectors showed only modest moves on the day, contributing to the lackluster performance by the broader markets.

Transportation stocks showed a substantial move to the downside, however, with the Dow Jones Transportation Average tumbling by 3.0 percent.

Significant weakness was also visible among gold stocks, as reflected by the 2.9 percent slump by the NYSE Arca Gold Bugs Index.

Energy and commercial real estate stocks are also saw notable weakness on the day, while semiconductor and brokerage stocks moved to the upside.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region turned in another mixed performance on Wednesday. Japan’s Nikkei 225 Index edged down by 0.1 percent and Hong Kong’s Hang Seng Index slumped by 1.4 percent, while China’s Shanghai Composite Index crept up by 0.2 percent.

Meanwhile, major European markets all moved modestly higher on the day. While the German DAX Index rose by 0.2 percent, the French CAC 40 Index inched up by 0.1 percent and the U.K.’s FTSE 100 Index closed just above the unchanged line.

In the bond market, treasuries gave back ground after moving notably higher in the previous session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.6 basis points to 4.376 percent.

Looking Ahead

Trading on Thursday may be impacted by reaction to the latest earnings news as well as reports on weekly jobless claims and consumer price inflation.

 

If you ask 1,000 different Americans about the state of the U.S. economy, you will get 1,000 different opinions. But what is the truth? In this article, I am going to share information with you that is indisputable. I like to examine things from an analytical point of view, and so I always want to know what the cold, hard numbers are telling me. And what the cold, hard numbers are telling me is very troubling.

The following are 10 economic facts that nobody can deny…

#1 The Conference Board’s index of leading economic indicators fell more than expected last month, and during the entire first half of 2025 it declined at an even faster rate than it did during the second half of 2024…

The Conference Board Leading Economic Index® (LEI) for the US declined by 0.3% in June 2025 to 98.8 (2016=100), after no change in May (revised upward from –0.1% originally reported). As a result, the LEI fell by 2.8% over the first half of 2025, a substantially faster rate of decline than the –1.3% contraction over the second half of 2024.

“The US LEI fell further in June,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. “For a second month in a row, the stock price rally was the main support of the LEI. But this was not enough to offset still very low consumer expectations, weak new orders in manufacturing, and a third consecutive month of rising initial claims for unemployment insurance.

#2 We just learned that sales of previously-owned homes have fallen to their lowest level in nine months…

Sales of previously-owned homes in the United States hit their lowest rate in nine months, according to industry data released Wednesday, as high home prices and mortgage rates weighed on the market.

Existing home sales dropped by 2.7 percent last month to a seasonally adjusted annual rate of 3.9 million, said the National Association of Realtors (NAR).

#3 It is being reported that millions of Americans that are on existing health insurance plans will be hit with “double-digit rate hikes” next year…

Consumers who buy health insurance through the Affordable Care Act marketplace will likely face double-digit rate hikes next year.

Insurers plan a median premium increase of 15% for 2026 plans, which would be the largest ACA insurance price hike since 2018, according to a Peterson-KFF Health System Tracker analysis published on July 18.

And many working-age consumers who get their health insurance through the workplace won’t be spared, either. Benefits consultant Mercer said more than half of big employers expect to shift a larger share of insurance costs to employees and their families next year by raising deductibles, copays, or out-of-pocket requirements.

#4 The price of beef in the United States has risen 9 percent since January…

First it was eggs, now it’s beef.

The last time Americans likely noticed spiking prices at the grocery store was when eggs reached record-highs. Since then, egg prices have fallen after the deadly avian flu outbreak was contained and producers built back supply.

Now, beef prices are hitting records, rising almost 9% since January, according to the Department of Agriculture, and retailing for $9.26 a pound. June’s consumer price index showed steak and ground beef prices are up 12.4% and 10.3%, respectively, over the last year.

#5 More Americans than ever are using “buy now, pay later” loans to pay for groceries…

25% of BNPL users say they’ve used the loans to buy groceries. That’s up from 14% just a year ago, amid rising prices at the supermarket. One-third of Gen Z BNPL users say they’ve done so, making it the fourth-most common BNPL purchase for that age group, trailing clothing, technology and home decor.

#6 The official rate of inflation just increased at the fastest pace that we have seen in 5 months…

Consumer prices in June posted the biggest increase since the beginning of the year and are likely to keep the Federal Reserve from cutting interest rates later this month, but there were only scattered signs of tariff-related inflation.

The consumer-price index rose 0.3% last month, the government said Tuesday, and matched Wall Street’s forecast. It was the biggest rise since January.

#7 A recent survey found that 23 percent of Americans have decided to delay retirement. That figure is up from 14 percent last year…

Older Americans are kicking the can down the road on retirement over concerns about the economy and their own financial readiness to step back from work.

That’s according to a new survey from F&G Annuities & Life, which polled 2,000 U.S. adults over 50 years old. The life insurance and annuities company found that 23% of those polled have already decided to delay their retirement as they grapple with questions about their financial readiness, up from 14% in 2024.

The findings come at a time when the median savings of 55-year-olds is just $50,000, far from enough to fund a secure old age, according to another recent study by Prudential Financial.

#8 According to another recent survey, nearly 70 percent of Americans are feeling “anxiety and depression” because of the state of their finances…

Americans are feeling increasingly uneasy about their financial future.

Nearly 7 in 10 (69%) say financial uncertainty has led them to feelings of anxiety and depression, according to a recent survey from Northwest Mutual — an 8-percentage-point increase from 2023.

#9 The percentage of the U.S. population that is dealing with food insecurity has almost doubled over the past four years…

In May, 15.6% of adults were food insecure, almost double the rate in 2021. At that time Congress had beefed up SNAP benefits and expanded the Child Tax Credit driving down poverty rates, and giving people more money for food.

#10 Freight-related companies all over the country are conducting mass layoffs…

Another wave of closures and layoffs has hit workers and companies tied to commercial transportation, manufacturing, lumber production, distribution and logistics across the U.S.

Over the past several weeks, there have been 4,137 job cuts announced, according to media reports and Worker Adjustment and Retraining Notification (WARN) Act notices.

The companies facing layoffs include: Republic National Distributing Co. (1,756), Canfor Corp. (290), Bluestem Brands (160), DeRoyal Industries (153), Weaber Lumber (145), Howard Miller Co. (133), Ohio Eagle Distributing (124), Pocino Foods Co. (124), Western Forest Products (112), Americold Logistics (110), Lightspeed Logistics Miami LLC (110), Cartparts.com (104), MacMillan-Piper (92), GSC Enterprises Inc. (80), SalonCentric (79), Auto Warehousing Co. (75), BRP Marine US Inc. (72), Marshall Excelsior Co. (71), Backyard PlayNation (66), Spectrum Plastic Group (34) and CHS Inc. (25).

This would not be happening if the U.S. economy was in good shape.

When the economy is strong, lots of stuff is being shipped all over the place.

Sadly, a lot more layoffs are on the horizon.

In addition to facing another major economic downturn, we have also entered the “AI revolution”.

According to author Robert Kiyosaki, AI is going to “cause massive unemployment”…

Rich Dad Poor Dad author Robert Kiyosaki has a sobering take on one of today’s hottest trends: artificial intelligence (AI).

“BIGGEST CHANGE in MODERN HISTORY,” he declared in an X post on July 1. “AI will cause many ‘smart students’ to lose their jobs. AI will cause massive unemployment. Many still have student loan debt.”

Kiyosaki isn’t alone in sounding the alarm. Dario Amodei, CEO of Anthropic — the AI company behind the large language model Claude — recently warned that AI could wipe out half of all entry-level white-collar jobs and push the unemployment rate as high as 20%.

Thanks to AI and other technological advancements, our society is now in a period of exponential transformation.

Many would argue that many of the changes that we are witnessing are not for the better.

It is going to be very challenging to make good decisions in this environment, because many of the old rules no longer apply.

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WHO IS MARK LEIBOVIT?

MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.

Mark’s extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”. He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell’s MoneyTalks.

In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.

He was a ‘Market Maker’ on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms. Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com. He became a member of the Market Technicians Association in 1982.

Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.

His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading. It is now also published in Chinese. Mark has appeared in speaking engagements and seminars in the U.S. and Canada.

Yes, that’s a cartoon of me. Louis Rukeyser had us dressed up in ‘elf’ costumes on the screen broadcast each week. I’ve dated myself. That occurred for me between 1988-1996. Lou didn’t like any bearish comments, so myself and other elves got dumped in 1996.

I APPEARED AS A GUEST PANELIST WITH LOUIS RUKEYSER ONE MONTH BEFORE IN MID-SEPTEMBER 1987

THE MOST HONEST AND THOROUGH MEDIA NEWS OUTLET IN THE U.S.

G EDWARD GRIFFIN

https://www.newsmaxtv.com/

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