💼 Market Week Ahead

PLUS: The death of Nvidia?                                                                                                                                                                                                                                                                                                                                                                                                                 September 22, 2024 [Unsubscribe]( Market Week Ahead: ☕️ Good morning. Here’s a peek at the [earnings]( we’re watching this week, and a look ahead at the [economic calendar](. And in case you missed them, here are the top five most-read headlines from last week, according to Market Briefing readers: - Larry Ellison [Dethrones]( Jeff Bezos as World’s Second-Richest Man - Intel Shares Jump on [Chip Deal](with Amazon - Traders Got Their Big-Rate-Cut and Markets Still [Couldn't Rally]( - Nike CEO John Donahoe is [Out]( - Starbucks N. America Head [Retires]( After Five Months in the Role Your next full briefing will be delivered tomorrow at 7:00 AM ET. But first a personal and urgent message from Porter Stansberry … ⇓ The Death of Nvidia? Dear Reader, My name is Porter Stansberry. I’m the founder and CEO of one of the world’s largest and most successful financial research firms. My partners and I have predicted almost every major boom and bust of the last three decades. A few days ago I wrote an urgent warning to my readers. A warning I’ve now decided to share publicly and freely with you. Because I believe this message is absolutely critical for anyone who wants to survive [the financial bloodbath that’s coming to tech stocks](. The very same day I wrote this message, the Russell 2000 Index of small-cap stocks closed 3.6% higher, but the S&P 500 (dominated by the big, overvalued tech stocks) plunged. How did I know this was going to happen? Here’s what I wrote to my subscribers: “We are in the midst of the greatest financial bubble of all time… Today's bubble was caused by the same thing that creates every bubble – enormous amounts of newly created credit. This bubble was fueled by the "hidden" bailout of our banking system that began in early 2023 when the Federal Reserve created its "Bank Term Funding Program" to paper over the banks' $500 billion-plus in losses on their government bonds. Among its actions, the central bank issued more than $164 billion in credit, created out of thin air. Thus, rather than seeing a reduction in credit while interest rates were rising, we've witnessed a gigantic expansion in credit, leading to a financial boom. The mania in tech stocks today far exceeds the 2000 bubble. Going forward, for the next decade or longer, returns on large-cap tech stocks will be well below average. And for investors who pile into tech stocks today, when they are trading at 30 times sales, the results will be catastrophic. This advice is contrary to what virtually everyone else is saying about the stock market right now, so I'll understand if you're deeply skeptical of my views.” However, while buying tech and AI firms at today’s prices is a fool's errand, there is [one sector that’s grossly undervalued and overlooked]( – and it plays a critical role in the future of artificial intelligence. Yet almost nobody has spotted the connection. That’s why, instead of buying the major tech companies like Nvidia, Microsoft, Intel, and Alphabet – I’m urging my readers to consider this undervalued “pick and shovel” play. To get all the details, [go here now](. Porter Thank you for subscribing to Market Briefing, the 7am ET pre-market briefing that curates top headlines impacting the markets each day. This message is a paid advertisement sent on behalf of a third-party advertiser of Market Briefing. If you have questions about your subscription, feel free to contact us via email at [vip@marketbriefing.com](mailto:contact@marketbriefing.com) If you no longer wish to receive email from Market Briefing you can unsubscribe [here](. [tw]( Update your email preferences or unsubscribe [here]( © 2024 Market Briefing, a Capital Media publication 99 Wall St, Ste 314 New York, NY 10005, United States of America [[beehiiv logo]Powered by beehiiv]( [Terms of Service](