For the 32nd Time...

[Inside Wall Street with Nomi Prins]( For the 32nd Time… By Phil Anderson, Contributing Editor, Inside Wall Street with Nomi Prins My readers and I were expecting this. The S&P 500 index closed above 5,500 last week – and scored a 32nd record this year. Just as the 18.6-year real estate cycle would predict… At this stage of the cycle, we are seeing one record after another and another. Stocks are going up, and they will continue to do so. That’s what the 18.6-year cycle tells me. More good news on inflation and interest rates will only keep fueling the rally. And the numbers are in… Recommended Link [Legendary Trader: “The Next 30 Days will be Critical for AI Stocks”]( [image]( Tom Gentile is a legendary trader who predicted the rise of Nvidia back in 2019… Giving his readers a chance to turn $10,000 into more than $320,000. You won’t believe what he’s predicting for AI stocks next. [Click here now to see this exclusive interview because the next 30 days will be critical.]( -- Prepare for This September June’s inflation rate was lower than expected. On an annualized basis, prices rose by 3% that month compared to the same period last year. Inflation hit this level for the first time since last June. And here’s the kicker… Markets now assign a 100% probability for an interest rate cut in September. But the news is even better than this… On a monthly basis, prices fell. From the Financial Times: The BLS data also showed that consumer prices fell by 0.1 per cent on a monthly basis, compared with economists’ expectations of a 0.1 per cent increase. It was first time since 2020 that monthly consumer prices had fallen. Some investors might have missed this… After all, inflation isn’t at the top of people’s minds these days. They’re busy discussing who is going to be the Democratic contender in this year’s presidential elections. But the 18.6-year real estate cycle keeps moving. As my readers know, we are in the “Eleventh Hour” stage of the cycle… Here’s What’s Going to Happen The Federal Reserve will most likely cut rates in September. Markets will soar past their current levels. We will see more records in equities and other assets, such as gold. (Gold is seen as a hedge against weakness in the U.S. dollar. Lower interest rates weaken the dollar compared to other currencies and impact the gold price.) Record levels for gold? Very likely. Stocks? Almost guaranteed. This is how the real estate cycle drives the markets. Steadily and predictably. But nobody expects it to happen. From Bloomberg: For the first time in its history, the S&P 500 closed above 5,500 on Tuesday to extend a blistering 2024 rally that’s left analysts scrambling to update their targets. Well, color me shocked. These “analysts” don’t have a clue about how the real economy and the real markets work. They don’t challenge their orthodoxy. They operate in a box, and that’s why I don’t rely on them for my own forecasts and investment decisions. The 18.6-year cycle, however, has been an excellent gauge and guide. And now we have more proof of that than ever. Regards, [signature] Phil Anderson Contributing Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@rogueeconomics.com). © 2024 Rogue Economics. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Rogue Economics. [Privacy Policy]( | [Terms of Use](