Don’t leave your success up to luck…
Hey there…it’s me, Felix, your personal Ace of Investing.
Wall Street was cautiously optimistic this morning in anticipation of the release of more key economic data.
Personal Income and consumer spending numbers are out today.
As well as the PCE Core Price Index, which is a measure closely watched by the Federal Reserve for signs of inflation. The index was expected to increase 2.9%, but instead it rose faster than expected to 3.1%.
Markets seemed to be processing the larger than expected increase well as the major indices crept higher to start the session.
For more insight on market climate, keep reading…
One area of the market that can offer hefty returns is biotech.
It’s not unheard of for a winning biotech stock to produce 10x or 20x returns in a very short period of time.
But biotech companies are difficult to evaluate due to the speculative nature of their technologies, and due to the breadth of knowledge, experience, and education required to understand them. Although this is true for all industries, it is particularly true for biotech.
Specifically, genomics is one niche within the biotech group that could offer unimaginable returns, but the technology is so new and so advanced, many investors shy away from companies that are making astounding advancements.
If you’re looking to gain access to companies at the forefront of genomics innovation, look no further. Our team has a recommendation for you.
Today, President Biden is expected to propose $5 trillion in new federal spending throughout the next ten years as part of fiscal year 2022 budget request.
The additional spending would be partially paid off by $3.6 trillion in additional revenues. The result would be a net deficit of $1.4 trillion, which would begin shrinking after 2030.
$300 billion of the proposed $5 trillion will be included in the request to Congress for the fiscal year 2022, bringing the total budget request for the next year to $6 trillion.
PCE INDEX DATA
Thought they watch a number of metrics, Federal Reserve officials consider the core personal consumption expenditures index to be the best gauge for inflation.
The PCE captures price movements across a variety of goods and services and is generally considered a wider-ranging measure for inflation as it captures changes in consumer behavior and has a broader scope than the Labor Department’s consumer price index.
The index was expected to increase 2.9%, but instead it rose faster than expected to 3.1%. The Fed considers 2% to be healthy, as part of its price stability mandate, though it is committed to letting the level move higher than usual in the interest of promoting full employment.
Read on for more specifics on the data that was released this morning…
LET’S ADDRESS THAT MINDSET
Positive change rarely comes to those who never leave their comfort zone.
Do your research. Create a game plan. Use all of the tools available to you to prepare yourself for tough choices. Do whatever you need to do to see that you are fully confident in your stock decision making skills. And then…
Don’t let fear of failure prevent you from reaping all of the rewards that investing can bring.
THE HOUSING MARKET
In this article, National Association of Home Builders CEO Jerry Howard weighs in on the housing supply shortage and increasing home prices.
Howard stressed that home prices are “rising too fast,” and noted that the “very hot” housing market would be more “sustainable” if the cost of building is capped.
“Prices are going up incrementally, way more than they should,” Howard said. “Obviously when people invest in the house, they hope the prices go up some and that’s to be to be expected and to be hoped for, especially with the amount of demand we have out there right now — but they’re rising too fast.”
Find out what else Howard had to say in the full article.
America’s 1% – the extremely rich and powerful – don’t live like everyone else. And they don’t invest like everyone else, either. Billion-dollar money manager Louis Navellier, one of “their own,” breaks away to reveal some very big secrets, including key details about the next 6 months.
WHERE SHOULD I INVEST?
Before you consider buying MP Materials, you’ll want to see this.
Investing legend, Whitney Tilson just revealed his #1 stock for 2021…
And it’s not MP Materials.
He bought Netflix at $7.78, Apple at $1.42, Amazon at $48 and Now he’s going all-in on the one stock driving the next big tech trend that will make investors rich in 2021.
You can learn all about it on Mr. Tilson’s Website, here.
Wondering what stock he’s investing in?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream… And by then, it could be too late.
Action is one of the best investments,
Editor-in-Chief at Ace of Investing
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