The Week in Charts - Lecture by Charlie Bello

Introduction

• Host: Charlie Bello
• Highlights the most important charts and themes of the week.
• Invitation for a free Wealth Path Analysis from Creative Planning.
  • Portfolio checkup
  • Retirement roadmap
  • Proactive tax strategies
  • Insurance and estate planning review

Key Topics Discussed

1. Market Movement: Panic to Euphoria

   • Transition from recession fears to near all-time highs.
   • Major indices and stocks rebounding significantly (e.g., Nvidia, Bitcoin, Nasdaq).

2. Front Running the FED

   • Bond market pricing in future rate cuts.
   • Decline in interest rates across the yield curve.
   • Historical bond performance during Fed rate cutting cycles.

3. Unwinding of the Carry Trade

   • Speculative positioning shifts from net short to net long in Yen.
   • Nikkei market rebound following panic.

4. FED's Revisionist History at Jackson Hall

   • Jerome Powell's statements on inflation causes.
   • Critique of Powell’s omission of money supply and national debt factors.

5. Dollar and Gold Trends

   • Dollar weakening as rate cut expectations increase.
   • Gold reaches all-time highs due to declining real interest rates.

6. A Tale of Two Housing Markets

   • Contrast between existing and new home sales.
   • Supply constraints affecting pricing and sales.
   • New homes showing increased sales and market share.

7. Earnings Update

   • Majority of companies have reported positive growth.
   • Significant focus on upcoming Nvidia earnings.

8. Rise of E-Commerce

   • E-commerce as a growing sector.
   • Percentage of retail sales from e-commerce steadily increasing.

9. Positive End Note: Lower Gas Prices

   • National average gas price reduced.
   • Expected impact on CPI report.
   • Inflation-adjusted gas prices lower than historical peaks.

Conclusion

• Encouragement to subscribe for more content.
• Positive outlook for energy costs decreasing over time.