Today… Bill reveals why one of the world’s most popular investing strategies is for chumps. And how you can build real wealth outside of stocks and bonds. But first, let’s check in with what’s going on in the markets…
The sky did not fall yesterday. Yes, the S&P 500 dropped 1% – its biggest one-day decline in three weeks. But this is hardly a big deal in the context of a roughly 100% rally over the last five years.
Rick is the president and CEO of Sprott U.S. Holdings and one of the world’s top experts in natural resource investing. He has been investing in the sector since the 1970s. And he has made many millions of dollars for himself and for his clients.
Oil just got smoked…
Yesterday, the price of a barrel of crude oil plunged 4% to settle at $57.26 on the New York Mercantile Exchange.
That’s the cheapest it’s been since April 28.
Today, why bonds are in a bubble… and what to do about it. But first, let’s catch up with what’s been going on elsewhere in the markets. On Friday, the S&P 500 ended the week at an all-time high of 2,123 points. Meanwhile, the U.S. economy continues to weaken.
Emerging markets are shifting to a lower growth gear. According to a study cited in the Financial Times, emerging economies are expanding at an annual rate of less than 4%. This is the first time their growth has been that slow since 2009. And before that, it hadn’t happened since the 2001 U.S. recession and the Argentine debt default.