Republic Risk: How to Approach Bank Failures

We've got 63 banks now on the Problem Bank List. Want to know how to play this?

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

When running a massive deficit with an ROI of -60%, spending $2.50 to make a dollar, you expect to see more taxpayer-funded jobs. Non-farm payrolls came in at 272,000 new jobs for the month of May. That beat expectations and is another reminder that interest rates aren’t coming down as soon as the market thinks. Unemployment has tracked to 4%. 

What to Do Today: Stay the course. Markets are a bit weaker today because of the jobs report, and we’re still waiting for the “Bad news is good news narrative.” The one thing I’ll caution you about is that this Roaring Kitty guy will broadcast on YouTube, and the market tends to go a bit wonky when the Reddit crowd gets all revved up. Standby.