TradeSmith Daily

June 2024

How a Little-Known Hedge Fund Wizard Trades Bitcoin

June 8, 2024Michael Salvatore

Back in 2019, I had the great pleasure of meeting Larry Benedict and then working with him for several years. If the name doesn’t ring a bell, I’m not too surprised. Larry’s what you might call a “trader’s trader.” Few in the mainstream know his name, because he simply doesn’t aspire to be a market celebrity like Bill Ackman, Warren Buffett, or Ray Dalio. He’s solely focused on his track record – the ultimate standard he holds himself to. And

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Apple’s AI Revolution Is Finally Here

June 9, 2024Michael Salvatore

Note from Michael Salvatore, Editor, TradeSmith Daily: This week, you can confidently expect mainstream tech and financial journalists to get the biggest story in AI completely wrong. But thanks to his industry contacts in Silicon Valley, Luke Lango from our corporate partner InvestorPlace has the real story you need to see. In short, we could be on the eve of a massive AI revolution set to take place right on the device where you may be reading this email. And it could

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How Apple’s AI Week Could Send it to New Highs

June 10, 2024Michael Salvatore

A rare bull signal means it’s time to go “risk on”… Why the “summer slump” shouldn’t spook you… The best-performing stock in the S&P 500 for this week… Jason Bodner’s latest Quantum Edge Hotlist… Apple’s big developer event tends to bring big short-term returns… There’s something odd about this year’s rally. Something you likely would’ve never noticed just scanning the charts. So far this year, the S&P 500 has significantly outperformed the Dow Jones Industrial Average. At Thursday’s close, it’s

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A Discount Is Coming for Walmart Investors

June 11, 2024TradeSmith Research Team

Sometimes, stocks are an easy bet. Think back to the fearful, chaotic moments we saw during the pandemic crash of March 2020. Or the summer 2022 bear market, when equities were barely hanging on under the threat of inflation and higher interest rates. Momentous periods like these offer a great risk-reward setup. Typically, during these windows of opportunity, stocks are well off their highs and the crowd is uninterested in playing the stock market. That’s the ideal time to tap

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These Summer Winners Should Keep on Winning

June 12, 2024Michael Salvatore

How we think through data… One big commodities winner over the summer… And one big loser… No rate cuts today, and maybe not until November… But the seasonal trend in Treasury yields is down anyway… One income expert’s gameplan for trading the Age of Chaos… Our superpower at TradeSmith is our ability to put data into context. So many market commentators simply put unusual data points out into the ether, leaving followers grasping for an actionable takeaway. We, on the other hand,

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Don’t Jump Off the Tech Train Yet

June 13, 2024Michael Salvatore

Higher and higher the tech stocks go… AI-fueled companies like Nvidia (NVDA) have been surging this year, taking large-cap benchmarks to places few expected we’d see so quickly. As I write, the S&P 500 just captured a new high point of 5,360. But at TradeSmith, we saw reason to believe that the bull market was far from over when stocks were previously making new highs in January, for example. Then as a follow-on piece, we showed how brand-new highs for the market were

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How to Save Yourself from Social Security’s Failure

June 14, 2024Keith Kaplan

Social security is failing. And no, that’s not an exaggeration meant to scare you. The Social Security Board of Trustees itself recently celebrated that it now expects to run through its cash reserves by 2035 — its centennial — rather than the earlier projection of… 2034. That doesn’t mean Social Security will go away entirely. It just means that — again, according to the government — payouts will go down to 83% of where they are now. If that happened

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The Only Stable Factor in the Age of Chaos

June 15, 2024Michael Salvatore

We’re living in a critical time in financial history. It’s a time when an errant social media post can create and erase billions in wealth in a matter of seconds. When deep and worsening budget deficits threaten to unravel the world’s reserve currency. When an accelerating trend towards deglobalization could upend the global world order. It’s increasingly unpredictable to live and invest in times like this. That’s why Charles Sizemore, founder and chief investment analyst at The Freeport Society, set out to

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