Stock Report
This is a tough market. We are supposed to believe things are going well. RATS doesn’t see it that way and it’s all ones and zeros for RATS. Those stocks were down a collective average of -1.7% today and -8.9% over the last week.
The list of stocks to hold is slowly shrinking. There are 198 stocks it thinks are worth holding. Our daily Pick 10 has not seen a buy in over a week. The holds in the Pick 10 list have shrunk to 15. To give you a reference point, at one time it suggested holding over 100 different stocks.
The market is quietly responding to the world we live in right now. The big money is quietly selling and sneaking towards the exits. Inflation is 15% or more per year. Currencies are being devalued. Money is being printed out of thin air. It looks like our home values are increasing, but it takes every bit of the increased value to buy the exact same house. What is really happening is that our dollar is deflating right before our eyes.
It takes more dollars to buy just about everything these days. The CPI monitored by the government is conveniently stocked with items of their choosing. Look at oil, gas, food, cars, trucks, boats, computers, and items like these for a more accurate idea of inflation.
So with all that said, there are no buys. As you might expect, there are a handful of sells. Bitcoin is looking like a safehaven.
Buys
- None to report
Sells
- AGO
- CMA
- OII
- SXI
- TBK
- VLRS
- WES
- XEC
Quick Crypto
A quick cryptocurrency update.
BTC – $52,190.97 (-3.82%)
DOGE – $0.050897 (-5.69%)
ETH – $1,571.36 (-6.08%)
LTC – $175.86 (-8.24%)
