Your Survival Guy’s September RAGE Gauge is in, and it’s not pretty. What did you expect me to say? The reality is what it is. It’s the world we’re living in right now.
Americans are feeling unsure about the direction of the country. The presidential debate did provide a bit of optimism, but not much. Because the feeling on the ground—on Main Street, USA—is one of concern about whether this will be a battle between Biden and Trump. There’s downright fear about what this will look like.
The dividend yield on the Dow Jones Industrial Average is hardly encouraging, like an anchor dragging along the ocean floor. In a two percent world, don’t be fooled into thinking this is a good market. This is a warning signal to all investors that rougher seas may be ahead, never mind the pittance in yield offered by the speculative S&P 500 and Nasdaq.
The drastic measures taken by the Fed will take hold. We’re already seeing an uptick in unemployment, a warning signal to be sure. It’s a signal sent by Main Street business owners who are tired of being employment agencies rather than profit machines. “Here’s the keys,” they say. “We’re moving on. Good luck.”
Action Line: We’re living in a managed economy. One that has pockets of stagflation, deflation, and inflation. That’s what you get when government picks winners and losers. Invest accordingly. When you need help, I’m here.
E.J. Smith - Your Survival Guy
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