Deep Knowledge Investing

5 Things to Know - Thing 2) What the Mainstream Media Wants You to Believe About Q3 GDP: DKI Takeaway: The mainstream media is celebrating the 2.8% growth figure as a huge achievement for the country. While it’s true that the U.S. is consistently a top innovator and efficiency driver, and our markets host some of the world's strongest companies, there’s more to the story. Washington continues to overspend with government spending increases above GDP growth. Social programs and unsustainable off-balance sheet spending contributes to the "strong consumer" narrative, but it’s completely financed by debt and inflation-causing currency creation. The government keeps increasing its spending and pretending GDP growth is solely driven by genuine economic expansion.

Week 42 - 5 Things to Know in Investing This Week Point 2) What the Mainstream Media Wants You to Believe About Q3 GDP: Q3 GDP growth of 2.8% fell short of expectations, coming in below the projected 3.1% and last quarter’s 3.0% increase. Personal consumption remains a key driver, rising 3.7% and accounting for 69% of total GDP, underscoring the resilience of the “strong consumer.” Government spending also rose by 5%, making up 17% of GDP. Exports rose 8.9%, but imports climbed 11.2%, bringing the Q3 trade deficit to -$1.08 trillion.

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5 Things to Know - Thing 1) Fed Cut and a Hot September PCE: DKI Takeaway: Earlier this month, we reported that Core CPI came in above expectations, and now, for the third consecutive month, PCE remains sticky. On Twitter/X, some are claiming that the Fed has 'won' the fight against inflation. But as DKI has pointed out, are your grocery store prices any lower? Have your monthly bills stopped climbing? The answer is no. The U.S. has entered an era of higher price levels, and with Washington’s continued overspending, more price hikes are on the horizon. Congress is committed to avoiding the one thing that would help; massive cuts to government spending. DKI is positioned to make money from coming inflation. If you want some ideas on how to do that, we invite you to subscribe to a DKI premium membership.

Week 43 - 5 Things to Know in Investing This Week Point 1) Fed Cut and a Hot September PCE: The personal consumption expenditures (PCE) index is the preferred inflation gauge of the Federal Reserve. The PCE for September rose 2.1% year-over-year, with the Core PCE remaining steady at 2.7%, slightly above expectations of 2.6%. That sticky core number has been at or around this elevated level since last spring. According to the report, the monthly price of goods decreased by 0.1%, services increased by 0.3%, and food prices rose by 0.4%. The most notable change was a 2.0% decline in energy prices. Sticky core CPI and lower-than-expected initial jobless claims do not present a great scenario after the Fed’s 50 bps cut in September.

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Good morning to everyone except the "financing companies" who text me claiming to be my "designated rep" and offering me loans, financing, & working capital. They always act like we have an existing relationship, but are scams. Note to them: I'm busy. Just send the cash!

Starbucks' $SBUX new CEO got the job partly because the last one didn't want to work past 6pm.

Coming up in this week's 5 Things to Know in Investing The Government is Misleading You Issue All summer and fall, we saw market analysts claim the Fed won the war on inflation. This week, the Core PCE remained stubbornly high. Some claim we’re heading for stagflation. We should pay attention to that warning. 3Q GDP came in below last quarter. Even worse, this economic “growth” is really value-destroying government spending pushing out the productive private economy. The big tech companies have excellent quarters, and then some give disappointing guidance. Is AI doomed? $AMD guidance is weak. Are they impacted by big tech firms who want to get a return on all that AI spending, or is it just tough to compete with $NVDA? Finally, in this week’s investor education “Thing”, we address some of the misconceptions about stock buybacks. This week, we’ll address the following topics: - The Core PCE is telling us the Fed has not won the war against inflation. Alternatively, you could have been reading DKI’s 5 Things and known months ago. - 3Q GDP was fueled by rising government spending again. This is a Potemkin economy. - The mega-cap tech companies have great quarters. Guidance is mixed. - $AMD provides weak guidance. Bad news for AI or just difficulty taking on $NVDA? - Lots of misconceptions about stock buybacks. We set the record straight (or just offer an opinion). Excellent work this week by DKI intern, Andrew Brown while Alex Petrou is focused on exams. This comes a few weeks after Alex took over while Andrew was on vacation. I’d love to tell you this is a result of my incredible management capabilities, but the truth is they pretty much manage themselves and the work shows up on time. Round of applause for self-starters everywhere! Ready for a week of misleading government “data”?

Want to grow wealth? You can't do it in dollars (or any fiat)!