"You're Killing Me Smalls!"

Hi There! Nestled in the familiar embrace of my childhood home in Grenada, I am reminded of the extraordinary blessings that have graced my life. I am the fortunate girl who was entrusted with the love of two remarkable fathers—one a talented carpenter and the other a passionate businessman - who have impacted my life in profound ways. They both possessed the incredible ability to captivate an audience with their storytelling. Through their crafts and tales, they taught me valuable lessons about perseverance, adventure, and the power of networking. Today, I am filled with gratitude for their unconditional love, for they have shaped me into the woman I am today. To my two incredible dads who are no longer with us in this earthly realm, thank you for being beacons of light in my life and showing me the boundless possibilities of love. To all the fathers reading this cherish the joy every day with your loved ones, for your impact on their lives is immeasurable and everlasting. 

Alright, let's dig in!

Despite concerns over future rate hikes last week, markets showed resilience and extended their bullish rally, holding onto modest gains. The Dow Jones recorded a 0.9% increase, marking its third consecutive week of gains. Meanwhile, the S&P 500 continued its impressive streak with a 2.2% rise, the fifth consecutive weekly gain, the longest such streak since November 2021. The Nasdaq also maintained positive momentum, climbing 2.7% for an eighth week of gains. Individual and institutional investors appear to be disregarding the potential impact of higher interest rates, opting to remain active in the market. However, a cautious approach is still necessary, as investors will need to be selective in their choices. The best-performing companies will continue to thrive across sectors, offering potential opportunities for investors. Nevertheless, it will behoove you to exercise caution, as higher interest rates are expected to persist and may constrain earnings and overall market gains in the foreseeable future.

Other key highlights from last week:

• Oil posted a weekly gain as OPEC+ supply cuts lifted prices

• China is gearing up to “rip in trillions of dollars” in the top ten crypto

• Snoop Dogg Passport NFTs open backstage experiences

• Alibaba’s eCommerce platform AliExpress launched 5,555 NFTs

• Polygon Network responded to the SEC’s allegations

Watch out for the following in the week ahead:

Next week will be a shortened trading week for the US, with the markets closed on Monday to commemorate the Juneteenth holiday. Despite the shortened week, several medium-high-impact economic events will shape market sentiment.

Key indicators to watch include Building Permits, Housing Starts, Existing Home Sales, Initial Jobless Claims, and Services PMI.

The highlight of the week, however, will be the series of speeches from 11 Federal Reserve members. Notably, Fed Chair Powell will testify before both the House on June 21st and the Senate on June 22nd, offering insights into the central bank's perspective on the economy and future policy directions. As traders and investors navigate this eventful week, it will be beneficial to stay informed and prepared for potential market reactions resulting from the economic data releases and the statements from Fed speakers.

Earnings releases are very light this week. The most notable companies are outlined in red in the chart below.

The high-impact global news events to keep an eye on include the UK Consumer Price Index (CPI) and Retail Sales, Swiss National Bank (SNB) Interest Rate Decision, Bank of England (BoE) Interest Rate Decision, and Euro Area PMIs.

Next week's anticipated bias (not financial or investment advice):

• Monday (06/19/23) - US Markets closed; Crypto Open - Set Stops

• Tuesday (06/20/23) - Start of the bearish swing period

• Wednesday (06/21/23) - Trade the trend

• Thursday (06/22/23) - Expect volume to come in late morning

• Friday (06/23/23) - Neutral - Trade after 11a CST

Trading Tip: Trending Trades are based on volume!

Week 06/11/23 - 06/17/23 Recap

Special Tools and Strategies

The Benner Cycle, created by Samuel Benner in 1875, is a model used to predict the stock market's fluctuations. It consists of three lines: A (the Upper line), B (the middle line), and C (the Bottom line).

• The Top Line (A) depicts market panics that occur in cycles of 54 years, with intervals of 18, 20, and 16 years in between.

• The Middle line (B) signifies a cycle of prosperous periods and high prices, which occur in intervals of 8, 9, and 10 years.

• The Bottom line (C) represents years of challenging times and low prices, which are ideal for buying stocks and assets that will likely increase in value when the market improves. These prices follow a separate 27-year cycle, with lows occurring every 7, 11, and 9 years, and peaks every 8, 9, and 10 years.

The Benner Cycle has successfully been used to predict market trends for many years. Based on current analysis, it is predicted that the stock market may experience a significant downturn in 2023. Investors who are familiar with the market cycle and its effects can make informed decisions on when to buy or sell assets, potentially taking advantage of the projected trends.

Like any market forecasting tool, the Benner Cycle is not foolproof. The future remains unpredictable, and many factors can influence market trends. Investors should use the Benner Cycle as a guide rather than relying solely on it. Before investing, consider other factors such as political events, economic indicators, and company-specific news.

Disclaimer: This newsletter is strictly educational. The information provided in this report does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the report’s content as such. Please be careful and do your own research.