What are we to make of it? Is it risk on again? Is it time to load up on stocks?

The answer is no. And today we give you no-plus, the real secret to Wall Streets boom-y-ness.  

Dont fight the Fed has been one of the most successful formulae on Wall Street. But its not foolproof. And not complete.

When the Fed switched from enabling inflation with zero rates in 2020to trying to curb it by increasing rates in 2022an investor would have been well advised to switch too from buying the dips to selling the bounces. Stocks went down.

Doom, gloom and boom

But then, they didnt go down. The bounce has now gone on for nine months. It has created a whole new group of rich people the AI Millionaires. And it has produced what looks to many like a new bull marketwith the best six months for the Nasdaq in historyand more to come.  

Not only that, but the US economy, too, has so far resisted its long overdue rendezvous with the business cycle. Wheres the recession? Wheres all the doom & gloom we promised?

A broader question worth asking: did the geniuses at the Fed finally get the hang of managing a $24 trillion economyso that their own errors disappear, without pain or embarrassment? The Fed put interest rates far too low and left them there far too long, resulting in far too much debt throughout the world economy. What happens next? Economists argue over a hard landing or a soft landingbut what if theres no landing at? What if the party never ends?

Maybe so. But buckle your seat belts, turbulence ahead. Heres a headline story from Bloomberg: A US$500 Billion Corporate-Debt Storm Builds Over Global Economy:

Fears of a credit crisis have receded. But a wave of corporate bankruptcies is building now that an era of easy money has come to an end.

And heres another: The US$785 Billion Junk-Bond Maturity Wall Has Never Been So Close:

The worlds riskiest borrowers are starting to run out of easy-money era financing and feeling the pinch as they return to a tougher market shadowed by aggressive central banks.

Junk-rated companies staring down a US$785 billion maturity wall are in a race against time to replace debt that they secured when major central banks across the world slashed rates and boosted quantitative easing programs to keep economies afloat in 2020. On average, these companies now have 4.7 years to put fresh financing in place, the least amount of time ever, according to a Bloomberg global index.

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In November 2005, George Carlin said to his audience in a New York live show Life is Worth Losing that Its a big club and you aint in it. This statement will be what people will remember him for in future generations.

He revealed the shocking truth about the system that we live in.

You can hear a four-minute excerpt here.

A word of warning though theres some confronting and shocking content in this clip. Just so you know, the swearing is the least of the matter!

You know that theres a bunch of people who own most of the worlds resources, companies and wield an immense amount of power. Ive talked about this in the past on several occasions (like here).

Theyre not as invincible as they used to be after the arrest and mysterious suicide of Jeffrey Epstein in 2019. And, more prominently, when they lost control of Twitter last October, hence the power to control the narrative.

In fact, the latest bombshell is profoundly destructive to them. So much so that its sealed their fate.

Ive primed you in the past to stomach whats to come.

Here goes

Buckle up, this one is dark

Exploiting the most vulnerable

The Sound of Freedom is a movie detailing the true story of Tim Ballard, a US Department of Homeland Security agent who fought for over a decade to rescue children from international crime syndicates engaging in sex slavery and human trafficking. Released on 4 July in line with Independence Day, it caused much controversy and division.

The controversy wasnt over how such heinous acts existed in the world. After all, people have grown aware of this going on in their own country.

For example, the Hong Kong public found out last year how gangs tricked tourists to fly to South-East Asia before selling them to slave labour. This prompted calls for the Special Administrative Government to tighten laws to protect people from falling into these traps. They also imposed severe punishments against offenders who were caught.

In January this year, the singer Madonna was in the headlines after a charity foundation, Ethiopian World Federation, accused her of engaging in child trafficking in Malawi. The singer has been a prominent philanthropist supporting child adoption in Africa. She has personally adopted four African children to raise as her own. However, in doing so, she raised...