Nick’s Note: At the Daily, we’re always trying to stay in front of big, money-making trends… And one that we’re excited about comes courtesy of PBRG friend and Strategic Investor editor, E.B. Tucker.
E.B. has been following the legalized sports betting trend for months… and shows why it’ll be as lucrative as selling alcohol and bigger than the entire legal cannabis industry…
When the Supreme Court lifted the federal ban on sports betting on May 14, New Jersey’s state legislature moved immediately. Just one month later, Governor Phil Murphy made the first legal sports bet in the state.
Murphy bet $20 that the New Jersey Devils hockey team would win the Stanley Cup, and another $20 that Germany’s soccer team would win the World Cup. (He lost on both.)
Delaware, Pennsylvania, and New York now also have sports betting laws on their books.
The recent midterm elections were very favorable for legal sports betting, too…
Voters in Arkansas passed Issue 4, which gave a number of the horse tracks there the ability to take bets on sports other than horse racing. And in Louisiana, fantasy sports betting is now legal in a majority of the state.
Other states that didn’t vote directly on sports betting still elected governors who view legal sports betting favorably. The new governors of Illinois and Ohio have both come out in support of legal sports betting.
Why are politicians in favor of legal sports betting?
One word: taxes.
It might be the most important piece of information that most investors don't fully understand...
If you want to know when stocks will crash, look at the economy.
In yesterday's DailyWealth essay, I explained how every major stock market crash in the U.S. has happened during a recession. It's a simple yet powerful fact. And it's one way to gauge if you should be worried about the markets or not.
Today, a lot of folks are worried about the next "Melt Down" in stocks. The bull market is nearly a decade old. Combined with the fall in stocks last week, that has folks expecting the worst.
But I'm not worried. My indicators say that a recession isn't just around the corner.
Today, I'll share two indicators with fantastic track records of calling recessions ahead of time. They both show that investors have no reason to worry today.
Let me explain...
Having staved off a move below last week’s current “bottom” around $3220, BTC/USD has failed to find support much higher, now circling $3300 to cap almost 50 percent monthly losses.
Worries over the fate of a Bitcoin exchange-traded fund (ETF) gaining United States’ regulators’ approval in February have combined with uncertainty over when the 2018 bear could end to limit the largest cryptocurrency’s prospects for gains in the short term.
Many still remain steadfast believers in a Bitcoin U-turn, the most recent of which was ratings agency Weiss, which this week said BTC represented one of the “best buying opportunities” of the year at current prices.
In altcoin markets, BCH continued what had become a common sight for day traders this week, losing more against USD than any other asset in the top twenty.
Since then, BSV has made a habit of trading inverse to BTC, gaining when the majority of assets fall and vice versa.
Today I welcome first-time guest Carlos Domingo. Carlos is CEO and co-founder of Securitize, which provides end-to-end solutions for anyone looking to tokenize an asset. It’s also the company we’ve partnered with to help with the upcoming launch of our Curzio Equity Owners (CEO) security token offering.
Carlos explains why digital assets will be a multitrillion-dollar market—a must-listen for anyone looking to learn more about security tokens… the recent trends taking place within this space… and how to generate potentially life-changing returns in this incredible growth industry.
Speaking of trillion-dollar opportunities… I just booked my ticket to The Consumer Electronics Show (CES). I’ve attended this amazing conference every January in Las Vegas—for over six years now—and it’s always a great experience.
On today’s podcast, I share my secrets to finding some of the greatest tech trends before they go mainstream. This includes Big Data, artificial intelligence (AI), the internet of things (IoT), cloud, virtual reality (VR), smart cities, and more…
The buck stops here, said Truman.
But Trump says it stops with the next fellow in line. Let it be the next president’s toothache.
Last year administration bean counters unfurled a worrisome chart before the president…
It revealed an approaching “hockey stick”-pattern spike in the national debt — but only after a possible second Trump term had concluded.
Came the president’s response, according to our well-placed spies:
“Yeah, but I won’t be here.”
As said King Louis XV when the squall clouds began forming over pre-revolutionary France:
“Après moi, le déluge.”
And what a déluge is on tap apres Trump — if not pendant Trump!
The United States is to its neck with red ink as is — some $21.8 trillion worth of federal debt alone.
I’ve been a professional speculator in the resource industry for almost two decades now.
One year ago, I wrote a cautionary article on the cryptocurrency sector. I got more hate mail in my inbox that week than I had for any other article, “You’re a moron”, “This is the future” “You’re crazy” etc…
At the January 2018 VRIC, which is cohosted by Katusa Research and Cambridge House, I invited out the most followed guru in the crypto space to give his take on where the crypto world is going.
Even though I published my thoughts that the price of Bitcoin and the whole sector as a whole was in bubble territory, I kept an open mind. My goal was to create a forum of positive debate between the crypto world and my world.
The debate has been viewed over 100,000 times and I did my best to create a fair debate.
This past week Bitcoin fell below $4000, down a whopping 70% year to date.
What's scarce in a world awash in free content and nearly infinite entertainment content?
After 3,701 posts (from May 2005 to the present), here are my observations of the Alternative Media from the muddy trenches.
It's increasingly difficult to make a living creating content outside the corporate matrix. The share of advert revenues paid to content creators / publishers has declined precipitously, shadow banning has narrowed search and social media exposure and the expansion of free content and competing subscription-based publishing has made subscription services an increasingly tough sell.
The most effective ways to silence critics and skeptics is to 1) de-monetize their sites / platforms and 2) restrict their access to the public via shadow banning and search algorithm "adjustments." The two are related, of course; as audiences dwindle, so do revenues and opportunities to sell subscriptions or promote patronage.
The corporate media's lumping of all alternative media in with "fake news" and troll-farms has intentionally tarnished all alternative media, as underminings independent journalism and commentary is an essential part of unifying public opinion behind "approved" ideologically uniform narratives.
Significant swaths of the public get their "news" and commentary solely from social media (Facebook and Twitter, and to a lesser degree, Instagram) or a handful of corporate media (which included PBS/NPR). As these channels limit / delegitimize alternative media voices, the public's access to alternative analysis and commentary diminishes even further.
From 2000 through 2012, the price of gold increased every year, rising from around $280 an ounce to nearly $1,700. It was an unprecedented run.
Then, in 2013, gold took a nose dive, losing over 27% of its value.
It was widely reported that the Swiss National Bank, the former bastion of monetary conservatism, lost $10 billion that year just on its gold holdings.
As you probably know, central banks hold a portion of their reserves in gold. The practice goes back to when central banks actually had to have gold on hand to trade in and out of paper money (or even trade for goods and services).
And central banks still hold reserves in gold today, even though they don’t need it to transact like they used to.
So that begs the question, did the Swiss National Bank actually lose $10 billion? It still had every ounce of gold in its vaults. And gold, after all, ismoney.
Justin’s note: Today, we turn to Strategic Investor editor E.B. Tucker for more on one of the biggest investment opportunities today: the legal sports betting market.
E.B. has been following this trend since May, when the Supreme Court opened up the floodgates to this new, multibillion-dollar industry.
In today’s essay, E.B. shows why the once-illegal sports betting market will be as lucrative as selling alcohol… why it will be bigger than the entire legal marijuana space… and most importantly, how early investors can stake a claim…
By E.B. Tucker, editor, Strategic Investor
Last month, I showed you how the Supreme Court ushered in a new, billion-dollar market with its landmark ruling on sports betting in May.
Just to catch you up, the case revolved around something called the Professional and Amateur Sports Protection Act (PASPA). It outlawed sports betting across the U.S. The only exceptions were states such as Nevada that already had sports betting laws on the books.
What the Supreme Court decided in May was that PASPA was unconstitutional. Specifically, the court ruled that PASPA violated the Tenth Amendment to the U.S. Constitution, which states that any powers not specifically delegated to the federal government have to be left up to the states to decide on.
And it didn’t take long for states to make up their minds…
House prices down $265,000 from peak, down $60,000 from year ago. America’s most majestic housing bubble begins to deflate.
In San Francisco, the median price of single-family house sales that closed in November fell to $1.435 million. This is down a blistering $265,000 or 15.5% from the crazy peak in February of $1.7 million – a time when only the sky was the limit. And down by $60,000 from November 2017. This puts the median house price below where it had first been in May 2017. Note the steep slope from the peak in February:
Median price means half of the homes sold for more, half sold for less. So on the bottom end, people can try to push their luck with an occasional small shack in the $800,000 range. All data via Patrick Carlisle, Chief Market Analyst at Compass.
About 53% of total sales in San Francisco were condos; for years, all new housing construction has been condos and apartments, with practically no single-family houses being built, resulting in ever greater population density – and an increasing share of condos in the sales mix.
Last weekend, I was ordered to get out of the ocean by a Florida sheriff...
He watched my two friends and me surfing for 20 minutes from his vehicle before it all started. We figured he was bored. The waves were outstanding – it was one of the best days of the year. There was nobody else in the ocean as far as the eye could see.
Then, another sheriff's vehicle arrived. He soon turned his sirens on and waved us in to the beach.
"I will just give you guys a warning today," he said. "But being out there without a life jacket is an $80 ticket."
A life jacket? You can't swim under a mountain of whitewater coming at you while wearing a life jacket!
I was on a surfboard. My friends were surfing on their paddleboards. The sheriff said the problem was that my surfing buddies had to have life jackets – that it was the law from the Coast Guard.
Here’s what President Trump tweeted on Monday:
He was referring to a handshake deal brokered with Chinese President Xi Jinping during the G20 Summit in Buenos Aires over the weekend.
On Sunday, Trump tweeted: “China has agreed to reduce and remove tariffs on cars coming into China from the U.S. Currently the tariff is 40%.” And he called the informal agreement “one of the largest deals ever made.”
Word from the Chinese media differed, though. They said that a tariff deal is conditional on the two countries resolving key issues within 90 days.
Regardless, markets soared on the news.
On Monday, the S&P 500 and Nasdaq opened up 1.5% and 2% higher, respectively. And that’s on top of last week’s 4% gains.
Multinationals did even better: Airplane manufacturer Boeing jumped 6% immediately after the news… Heavy-machinery maker Caterpillar spiked 4%… And chipmaker Micron Technology rose 4%.
“Great bull markets always end in euphoria. But that’s not where we are today… not even close.“
During a special event aired on Wednesday, my friend and partner Dr. Steve Sjuggerud explained to an audience of tens of thousands of people why there’s still room for the current bull market to run.
And I agree.
Just take a look at the money you can make in the final months of a bull market…
If you haven’t been in the market over the past nine years, you’ve been missing out on incredible gains. Since March 2009, the S&P 500 has gained about 300%.
But, according to Steve, “The biggest gains are still to come.”
That’s where Steve’s True Wealth Systems comes in. Our publisher has spent millions developing True Wealth Systems… Steve and his team use the system to track how well stocks are doing across 40 sectors and what you should buy now.
This isn’t the type of information available to the average investor.