Republic Risk: Bitcoin Revival, Inflation Unrivaled, Market Survival, and Leap Day’s Arrival

We celebrate a nice pop in Village Market and prepare for a new stock for our Model Portfolio tomorrow.

Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000

The inflation reading wasn’t as bad as I expected. Monthly core PCE was up 0.4%, meaning the Fed’s primary inflation rate is about 2.8%. Of course, we know that the cost of living is much higher - because we have eyes. I’ll explain that in a moment. This week's big movers are Bitcoin (up above $60,000) and biotech stocks - which continue to break out. That said, the projections for a June interest rate cut are falling - now down to about 60%. 

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Dear  Fellow Expat:

Good morning. 

Happy Leap Day. This is one of my irrationally favorite days on the calendar - and one that I historically take off. But there’s a lot to do this morning - and I’ll reevaluate around this afternoon if anything significant happens. 

This market continues to behave as irrationally as we’ve expected. With Global Liquidity ample - and momentum very strong - Bitcoin and biotech stocks are breaking higher. 

I’ve been commenting on Bi…