Did you notice the rising prices at the grocery store last year? At least… did you think you noticed them? Many U.S. consumers thought prices soared in 2023. But the reality was a lot different… You see, last year, egg prices plummeted roughly 56% from January through November. Lettuce prices fell around 21% from December …
Walmart Braces for Pain… And the Power Gauge Agrees Read More »
Editor’s note: The markets and our Chaikin Analytics offices will be closed Monday, December 25, for Christmas. So we won’t publish the Chaikin PowerFeed e-letter that day. You’ll receive your next issue on Tuesday, December 26. Enjoy the holidays! On December 13, the Dow Jones Industrial Average officially closed above its old high… The index …
Times are tough for the average U.S. consumer… In short, the costs of many essentials have surged higher. Food prices are up roughly 17% over the past two years. Housing prices have skyrocketed as well… The median sales price for a U.S. home was $329,000 at the start of 2020. Today, it’s a staggering $431,000. …
Folks, it’s hard to overstate the accomplishments of Bill Gross… Gross co-founded PIMCO in the early 1970s. And he ran the investment-management firm’s Total Return Fund through 2014. It had more than $293 billion in assets at one point. But his accomplishments extend beyond just managing a lot of money… Gross has made a lot …
The city of Austin, Texas seemed like the perfect hideout at first… The tax laws there are a lot more favorable than California’s policies. And the cost of living is lower as well. So in the work-from-anywhere world of the COVID-19 era, tech workers flocked there. The mainstream media even leaned into the idea that …
Remember 23andMe (ME)? The genetic-testing company burst into the mainstream within the past decade. It convinced millions of people to swab their cheeks for fun and science. At one point, it felt like 23andMe would eventually hold the DNA of almost every American. The company went public in 2021. Its shares closed as high as …
Folks, the U.S. military industrial complex can’t keep up… That’s the crux of the draft version of the U.S. Department of Defense’s coming National Defense Industrial Strategy report. It’s packed with stark warnings about our defense capabilities. Here’s one of the most surprising takeaways from the report… U.S. defense spending is near its lowest level …
Today’s Dire Warning Is Good News for These Stocks Read More »
Not even a 30% plunge in Cathie Wood’s flagship fund could scare off the media… In early March 2021, Wood was still at the top of the financial world’s publicity heap. Wood’s ARK Innovation Fund (ARKK) soared 350% from its March 2020 low through its February 2021 high. So not even a 30% drop could …
This Popular Wealth Destroyer Just Made a ‘Bullish’ Turn Read More »
You’ve likely heard by now that McDonald’s (MCD) is changing its burgers… Among other things, the fast-food giant is switching to brioche buns for its signature Big Mac. It will also cook the patties in smaller batches. And it’s tweaking many ingredients. In short, McDonald’s is doing all these things to try to create a …
Folks, the stock market’s top-performing subsector has a problem… You see, the market isn’t just one big object. It’s made up of thousands of individual companies. And they fall into a variety of categories. Regular readers know that the Power Gauge gives us an easy way to track the market’s 11 top-level sectors. And it …
