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Carl Delfeld

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A broad-based Republican victory in the election is spurring a sharp rally on Wall Street as investors bank on investor-friendly policies.


Bitcoin, the U.S. dollar, and gold also rose. It was reported that the gold reserves of Italy and France have risen in value by about $100 billion in the last two years. It is unusual historically for gold and the U.S. dollar to rise in tandem. Gold’s steady rise is also unusual given that traders would normally take profits along the way. U.S. economic sanctions have encouraged many to move into gold beyond the long reach of the U.S. government.



It is amazing how much money is being spent on politics. More than 11,000 political groups spent almost $15 billion to influence the election. Of course, this amount seems small weighed against a global economy of about $100 trillion, with the U.S. accounting for about $23 trillion (and about 35% of global debt).



It will be very interesting who gets the top economic policy posts and the GOP strategy going forward.
It’s too early to tell whether the stimulus-prompted resurgence in China’s equity markets will last, but aggressive investors can consider targeting this undervalued e-commerce play.
Nippon Steel is still pushing to acquire U.S. Steel, but politicians oppose it while executives and labor unions support it. With shareholders caught in the middle, should you be buying U.S. Steel now?
As I mentioned recently, I’m now in Europe looking for intelligence and ideas.

This week I’m in Madrid and visited the stock exchange (bourse) and met with some local brokers to try to get a feel for the market and region. Like brokers always are, they were bullish on stocks and especially gold. One stock we discussed which I have followed from time to time is Banco Santander (SAN). It is in a nice uptrend and still well below book value, but I need to do some research and reach out to some friends who previously worked for Santander to get their views before considering a recommendation.

Instead, today I have a new gold stock recommendation.
JPMorgan (JPM) is due to report results Friday, kicking off bank earnings season. Lately, the market seems to be more focused on earnings than Fed interest rates, and this is a good thing.

As markets move towards the “Great Rebalance”, looking to diversify portfolios with different asset classes and international stocks, the Explorer and I are headed to Europe, Asia, and Latin America during the next year. But today, stick to the U.S. and add a very familiar face to the portfolio.
Nippon Steel continues to push for an acquisition of U.S. Steel (X), so let’s explore what it means for investors or those considering buying shares.
The “rational” optimist should seek areas of outsized upside potential and lower downside risk, two hallmarks of China and the emerging markets.
There are early signs of a rebound in China’s stock market, but will it last? If it does, this fast-growing stock is a strong option for aggressive investors.
The MSCI World Index now has a remarkable 72% market value weighting in U.S. stocks.

In other words, 72% of the market value of stocks trading around the world represent companies headquartered in America.

This begs the question: Should investors be this concentrated in a single market?
Lower inflation numbers yesterday made interest rate cuts inevitable which moved the market, led by Nvidia (NVDA), which surged 8%. I intended to recommend Nvidia at a price of 100 so I will patiently watch this bellwether stock closely.

To be a good, patient and calculating investor, one needs to do two things at once: Be aware of big macro issues and trends and focus attention on micro issues. That is, closely watch specific companies and stocks, especially smaller, micro stocks offering the biggest upside and risk demanding closer attention.

Today, we recommend a fund that does just that - with a history of remarkable outperformance.
The economies of Southeast Asia are some of the fastest growing on the planet and offer huge upside potential for early investors. Here are two ways to play that growth.
It’s easy to get overwhelmed with investing information, but these five tips can help you lay the foundation for a simple and sustainable strategy for building wealth.
While there are a lot of healthy signs of growth out there, stocks that do not meet high expectations are being punished.

Super Micro Computer (SMCI) was off 29% this past week after some allegations of faulty accounting by short sellers was followed by the company reporting yesterday that it was postponing filing of its annual report with the SEC to assess “internal controls over financial reporting.”

Given the uncertainty, we have little choice but to sell the stock. We took some profits earlier this year, and the stock is still up 43% so far this year. My guess is that we will be back to Super Micro at some point, and I will watch this stock carefully.
The rational optimist seeks situations with outsized upside potential and lower downside risk. Today, he might be looking at China and other emerging markets.
These 3 solid-state battery stocks aren’t all pure plays, but they’re all investing heavily in next-generation battery technology that could change the game.
Change is constant and inevitable, but one thing that hasn’t changed for the past three centuries: America’s love affair with coffee. Coffee is a commodity that has been prized since the 18th century in America. Many believe it is the fuel that drives America’s economic engine.

So today, we add a fast-growing American coffee company to the Explorer portfolio. It might not be the name you’re expecting...
Starbucks (SBUX), Dutch Bros (BROS) and Luckin Coffee (LKNCY) are all competing for market share, but which is the best coffee stock in the world?
Explorer stocks gained ground this week as market sentiment improved along with the odds of a Fed rate cut this fall.

I’ve been encouraging you to lighten up on some of the Magnificent Seven stocks over the last month or so. In just the last two weeks, these stocks have lost over $1.6 trillion in market value as market enthusiasm has waned and insiders have sold some stock.

What’s behind this trend?

Here are three possible reasons why big tech is facing a tough market.
These five simple rules to build wealth can help you navigate the world of investing by using a “core” and “explore” portfolio.
It’s cheaper than natural gas, more dependable than renewables, and Bill Gates is investing billions of dollars in its development. Here’s how (and why) advanced nuclear power should be in your portfolio.
Outsized performance by technology stocks has created an unexpected risk for ETF investors. One simple change is all it takes to make your portfolio safer.
A timber investment can help reinforce your portfolio against inflation while adding some highly valuable diversification. This timber REIT and ETF are a good place to start.
Markets and especially the tech-heavy Nasdaq index led by semiconductor stocks sold off yesterday. Reasons include perceived rising protectionist and isolationist pressures in both Europe and America. Meanwhile, small-cap stocks continue to rally, and some overseas markets were also up.

As one would expect, our tech stocks pulled back somewhat while all three of our dominator stocks gained ground this week.
Tech has led the way for all of 2024, and this simple ETF move is a smart and timely way to protect your portfolio right now.
Both stocks have been strong performers in recent years and trade at elevated valuations, but which stock belongs in your portfolio: Costco (COST) or Nvidia (NVDA)?
Once a storied American conglomerate, General Electric (GE) has struggled for years and is now in the midst of a turnaround, but is General Electric now a buy?
Explorer stocks had a good week led by Super Micro (SMCI) up 20% and Cloudflare (NET), up 9%, as PayPal (PYPL) has struggled a bit as it launches a new, higher-margin digital ad business. The S&P 500 is up 14% so far this year but the 10 biggest stocks recently represented almost 37% of the index’s total value, the highest since September 2000, according to FactSet. Use caution and take partial profits if you have some of these in your portfolio.

We have been discussing some great companies and breakthrough technologies, but it is easy to overlook that energy is the foundation of economic and technological development. It is also at the core of how countries secure and project national power.

So today, we add a U.S. renewable energy company that is a leader in an alternative energy source that’s making a comeback.
Harvard’s endowment is massive (and profitable) with exposure to a wide range of assets. So how do we invest like Harvard University? Here’s one place to start.
The “new tycoons” may not be the railroad barons of old, but they share a dedication to finding opportunity. Here are 10 ways you can invest like a “new tycoon.”
This morning, from Normandy to Washington, D.C., there will be ceremonies honoring the 80th anniversary of D-Day. Now, we are amidst a different type of struggle, and semiconductor chips are at the heart of it all. And today’s new Explorer recommendation is one of the more important cogs in that global struggle.