Murray Dawes

We keep hearing that the US markets are “expensive” or “overvalued”.
But they keep holding around all time highs too.
If we pick through some recent stories, it’s not hard to see why, either.

When I look back on mistakes I’ve made over the years, it’s usually around being too impatient and short term.

I reckon we have a humdinger of a gold bull market on the cards, with a long way to go.

That reminds me…

I must say, too, that Murray is on a bit of a hot streak.
He put his subscribers into Lynas Rare Earths ($LYC) back in April too and that took off like a firecracker recently as well.
Yes…a rising market helps…but there’s much more to it than that.

Our biggest risk, at all times, is market risk.

What I mean by this is your whole portfolio – and mine – being vulnerable to a big bear market. Think a 50% drawdown like 2008.

We can make our future decisions much easier…by avoiding a bear market as much as possible! Here’s one idea on that…

A kangaroo-nicorn is a start up from Australia that reaches a $US 1 billion level.

I came across the word in the Financial Times yesterday.
The article is a good news piece for us here.

Right now, lots of shares are beating these modest expectations.

Hence why shares are jumping after their results come out.

This is great. It means two things: There is likely more left in this bull run and there are lots of opportunities for stock picking

How can we be sure (within reason)?

You never know what might come along and blindside you.

To that end, today’s Fat Tail Daily will look at a potential weak point for the global economy…

Everywhere you look you’re going to hear about Trump’s latest tariff bout. India is now getting a right hook across the jaw.
Then there’s those revised employment figures out of the USA not doing the outlook any favours.
Is there any good news?
As it happens, yes.
But odds on no one will point it out to you anywhere else than here.