1.

Stock analysts came out next week and said to the public that we can no longer forecast or analyze the retailer, Bed Bath & Beyond (BBBY). The numbers are so out of wack that experts can no longer value this company. I have never heard this happen to a main-stream retailer. Here’s another example of the markets running away from reality.

2.

Auto sales are down 8% in May. In April existing homes fell for the third straight month. New homes slid 9.5% last month. Bottom line: Bigger problems still exist in our economy. Economic growth may be fleeting. Interest rates may have peaked a few months ago. It’s all about the stimmy checks at the moment…

3.

Most of the inflation may be a result of lockdowns and strains on product supply-lines. Supply/demand still matters. We tend to focus on the demand side, but supply is just as important. We can see it in the oil market currently. Pipeline and future exploration shut downs will drive prices higher. Economics 101 tells you supply and demand are tantamount in a real-world economy.

4.

“The baby boomers had sex, drugs & rock ‘n’ roll. And millennials have bitcoin.” – Demetri Kofinas

5.

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6.

The 10 year T bond is under 1.50% now. Junk bond yields are at their lowest level on record. Let’s face it, risk is not being priced properly. Risk (purchasing power and financial risk). Interest rates will continue to sink if a recession is expected. Guarantees like a good NY fixed-index annuity is a good answer. Seniors earn 1% worse-case every year with market participation. It’s a fantastic alternative to a stagnant bank account.