Republic Risk: JetBlue Gains, Lithium Woes, and Why Gold’s Rally Is Just Getting Started

Apologies for the delay... it's quite stormy in the Florida Republic today... power went out.

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

The equity markets are pushing higher again this morning despite the recent comments by Fed Chair Jerome Powell. The Fed leader said that the central bank is not ready to start cutting interest rates, driving many to worry that a cut won’t arrive by June. We’ve long argued that the first cut would come in July, with our original prediction appearing in LuckBox magazine in December 2023. 

How are the markets up? Well, if you follow us, you know the answer. 

Global liquidity is expanding, which I’ll highlight below. This expansion in the global monetary base has seen gold prices push to all-time highs and Bitcoin rally to new heights. Both are natural hedges against monetary inflation, which I explained this week. This is an environment where bears get crushed - as there is a broad failure to understand the role of global liquidity and how it plays into our Equity Strength Signals below. Michael Howell at Capital Wars…