LEIBOVIT VR NEWSLETTERS - 'TURNAROUND TUESDAY' - NOVEMBER 26, 2024 - MARKETS OFTEN 'CHANGE DIRECTION' AHEAD OF LONG HOLIDAY WEEKENDS.

https://www.howestreet.com/2024/11/trump-victory-powering-optimism-in-most-sectors-mark-leibovit/

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Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

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After showing a strong move to the upside early in the session, stocks gave back some ground over the course of the trading day on Monday but managed to close mostly higher. While the major averages pulled back off their best levels of the day, the Dow still reached a new record closing high.

The Dow closed higher for the fourth consecutive session, jumping 440.06 points or 1.0 percent to 44,736.57. The S&P 500 extended its winning streak to six sessions, climbing 18.03 points or 0.3 percent to 5,987.37, while the Nasdaq rose 51.18 points or 0.3 percent to 19,054.84.
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Stocks added to the strong gains posted last week amid a positive reaction to news President-elect Donald Trump intends to nominate billionaire hedge fund manager Scott Bessent as Treasury Secretary.

Bessent is seen as supportive of the equity markets and an advocate for deficit reduction. He has also called for Trump's planned tariff increases to be implemented gradually, which could reduce the impact on inflation.

"Hedge fund manager Scott Bessent is perceived as being a relatively conventional and safe pair of hands candidate," said AJ Bell investment director Russ Mould. "Importantly, Bessent is seen as being less aggressive on tariffs than some of the rhetoric espoused by Trump on the campaign trail."

He added, "A fall in bond yields in response to his unveiling suggests some of the concern about a new wave of inflationary pressures from import tariffs has eased and that Bessent might be able to do something to bring the U.S. deficit under control."

However, buying interest waned as the day progressed, as traders seemed reluctant to make more significant moves ahead of the release of several key economic reports in the coming days.

A report on personal income and spending in the month of October is likely to be in the spotlight, as it includes the Federal Reserve's preferred inflation readings.

Reports on consumer confidence, new home sales and durable goods orders are also likely to attract attention along with the minutes of the Fed's latest monetary policy meeting.

Sector News

Housing stocks moved sharply higher amid a steep drop by treasury yields, resulting in a 4.5 percent spike by the Philadelphia Housing Sector Index.

Substantial strength was also visible among computer hardware stocks, with the NYSE Arca Computer Hardware Index soaring by 4.1 percent to a four-month closing high.

Airline stocks also showed a significant move to the upside on the day, driving the NYSE Arca Airline Index up by 2.6 percent.

Commercial real estate, retail and biotechnology stocks also saw considerable strength, while gold stocks plunged along with the price of the precious metal.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Monday. Japan's Nikkei 225 Index jumped by 1.3 percent, while China's Shanghai Composite Index edged down by 0.1 percent and Hong Kong's Hang Seng Index fell by 0.4 percent.

Meanwhile, the major European markets all moved to the upside on the day. While the French CAC 40 Index closed just above the unchanged line, the U.K.'s FTSE 100 Index and the German DAX Index both rose by 0.4 percent.

In the bond market, treasuries moved sharply higher in reaction to Trump's Treasury Secretary pick. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, plunged 14.5 basis points to 4.265 percent.

Looking Ahead

Trading on Tuesday may be impacted by reaction to reports on new home sales and consumer confidence as well as the minutes of the latest Fed meeting.

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DOLLAR

CRYPTO

 

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PLANNING YOUR INVESTMENTS AHEAD WITH DONALD J TRUMP

Now that Trump is on his way to the White House as the 47th president, it’s not too soon to start building a portfolio that will outperform the stock
market in the early years of the new Trump administration.

This kind of active asset allocation requires close attention to prospective policy details and their possible impact on specific business models. Not all
stocks will perform well under the new administration. Some will perform brilliantly.

Let’s first review the likely Trump policies and then consider their impact on certain stocks and sectors.

The Revival of the American System
Under the guidance of Trump advisors Robert Lighthizer (former U.S. Trade Representative) and Peter Navarro (former Director of the Office of Trade and
Manufacturing Policy), Trump will pursue a twenty-first-century version of what was originally known as the American System.

The American System was invented in 1790 by Alexander Hamilton and supported by a succession of U.S. presidents and leading political figures including
George Washington, Henry Clay, John Quincy Adams, Abraham Lincoln, William McKinley, Calvin Coolidge, and Dwight Eisenhower.

There were opponents who favored agrarian interests over manufacturing interests, including early members of what later became the Democratic Party such
as Thomas Jefferson, James Madison and James Monroe. Yet, their financial failures, including the liquidation of the First Bank of the United States (an
early central bank with limited powers) and difficulties in financing the War of 1812 led to the success of the mercantilist and manufacturing programs of
the American System leaders.

The American System relied on the following policies:

High tariffs to support manufacturing and high-paying jobs
Infrastructure investment (public and private) to support productivity
A strong army and navy to protect the U.S. but not to fight foreign wars
A central bank with limited powers to provide liquidity to commerce
To the extent there was government spending, it was for productive projects such as canal and road building and later to support railroads. To the extent
that early central banks existed, they were for secure lending to sound entities (including the U.S. government) and not for purposes such as printing
money, fixing interest rates or “stimulus.” The entire program could be summarized as sound money, smart investment and a strong military in the service
of high-paying American jobs.

The American System prevailed from 1790 to 1962 with occasional periods of agrarian ascendency and some disruptions such as the Civil War.

Beginning after World War I, the neo-liberal movement of Austrian economists and libertarians began to promote globalist policies of open borders, open
capital accounts, and free trade.

Of course, free trade is a myth because of subsidies and non-tariff barriers. Comparative advantage is obsolete because the factors of production are
highly mobile.

Taiwan had no comparative advantage in semiconductors in 1979, but today they dominate global production. They made that happen through a Taiwanese
version of the American System.

In contrast, the neo-liberals were living an ideological fantasy in which globalism was to displace sovereignty. At a minimum, their goal was the
encasement of sovereigns in a larger orb of multilateral institutions such as the IMF, World Bank, WTO and the United Nations.

Beginning with the Trade Expansion Act of 1962, the Trade Act of 1974, and successive rounds under the General Agreement on Tariffs and Trade (today the
WTO), the U.S. embraced the neo-liberal consensus including drastic tariff cuts. As jobs moved offshore to take advantage of cheap labor, capital followed
as direct foreign investment.

The result was the hollowing-out of U.S. manufacturing, wage stagnation, slower growth, greater debt, and a succession of failed wars. The open border
policy of Biden-Harris is consistent with neo-liberal views on the end of sovereignty but is a death knell for American jobs and social cohesion.

Trump, Lighthizer, Navarro, and others will return the United States to the pre-1962 glory days with the revival of the American System.

Foreign companies will be free to sell goods to Americans but only if they are manufactured in the U.S. This will lead to a wave of inbound investment in
the U.S., a reduction in U.S. trade deficits, a stronger dollar (as the world demands dollars to invest here), and higher wages for U.S. workers. Higher
wages will raise real incomes, stimulate consumption, decrease income inequality and expand the tax base to help reduce deficits without raising tax
rates.

A Trump Portfolio
Sectors that will benefit from the return of the American System include:

Oil and natural gas drilling, production, and refining. This sector will benefit from Trump’s “drill, baby, drill” policies including increased leasing on
Federal lands, increased offshore drilling, replenishment of the Strategic Petroleum Reserve, new pipelines, and expanded refinery capacity.

Mining (gold, silver, copper, lithium). Industrial metals will be in increased demand related to the expansion of U.S. manufacturing. Precious metals will
be in demand as a hedge against geopolitical uncertainty and as a non-digital store of wealth.

Defense and National Security. This will especially benefit defense and intelligence contractors with extensive R&D programs. The U.S. does not need more
obsolete weapons; we need newer and more sophisticated weapons to keep up with the high-tech systems that Russia is using. AI will be a valuable tool in
intelligence analysis, especially from open sources (OSINT).

Automobile manufacturing. Foreign manufacturers will face huge tariffs. This will include Mexican manufacturers that are fronts for China. The United
States-Mexico-Canada Agreement (USMCA) will be modified as needed to accommodate the tariffs.

Cryptocurrency plays. Trump will ease SEC and other regulatory constraints on cryptocurrency mining, distribution and use.

Banking and finance. As the economy grows, banks profit as intermediaries without the need for high leverage and high risk.

Trucking and airlines. These sectors will benefit from lower prices for refined products such as diesel and aviation fuel (basically kerosene).

Sectors that will underperform in a new Trump administration will be Big Pharma and Big Agriculture under the motto of Make America Healthy Again.

Robert F. Kennedy, Jr. will lead this effort. Elon Musk will also lead an effort at government efficiency, which will hurt the profits of government
contractors in sectors such as health care, education, and the Green New Scam (including EVs, and windmill manufacturers). DEI initiatives will wither and
die. Portfolios that invest heavily in China or use ESG metrics will underperform.

Be sure to invest accordingly in the coming return of the American System, and rejoice as it brings prosperity back to U.S. citizens.

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Mercury will also be turning retrograde at this time - November 26-December 15, a potentially volatile period.  

WATCHING ALL SEASONAL PERIODS FOR POTENTIAL MARKET 'CHANGE OF DIRECTION'

OPPORTUNITY TO ACCESS MARK LEIBOVIT'S PROPRIETARY VOLUME REVERSAL INDICATOR - THIS IS THE ONLY PLACE TO DO IT!

From Martin Armstrong

Biden Authorizes Starting World War III Before Trump Takes Office

I have been warning that our Computer has projected that war will continue and that the Neocons are traitors to the people of the United States and a
threat to the entire world. Biden, the senile one, will sign anything put in front of him, and he is incompetent to be president. For that matter, so is
Kamala. Both threaten the National Security of our nation and the world. Putin is justified to start attacking the United States directly. Since he knows
Trump is coming, he will try to sit on his hands. God help us if the Russian Neocons overthrow Putin. There will be no stopping this.

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https://tinyurl.com/rtck8b42

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FDA-Approved Doesn’t Mean Safe for Your Family

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GATA CHRIS POWELL PRSENTATION - NOV 2024

Grant Williams' documentary examining gold price manipulation is posted at YouTube

An hour-long documentary program produced in 2018 by financial letter writer Grant Williams for his Real Vision internet site concentrates on gold price
manipulation and was posted Friday in the clear at YouTube.

The program is Part 2 of "Gold: The Story of Man's 6,000 Year Obsession," and it's still compelling for incisive comments from some major figures in the
gold world, including Brent Cook, Dan Oliver, Egon von Greyerz, Jim Rickards, Luke Gromen, Ned Naylor-Leyland, Rick Rule, Ronald-Peter Stoeferle, Ross
Beaty, Ross Norman, Simon Mikhailovich, and Bernhard Schnellmann.

It can be seen at YouTube here:

https://tinyurl.com/k4vnpjmu

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