OUR WEALTH DAILY

 Historically it looks very good for 2023 Here's a recent look specifically at what happens when the Nasdaq is up each of the first 3 weeks of a new year: It's not a bad thing historically for stocks to come out hot right out of the gate.

Good start for tech in 2023  A good start for tech but is this a good or bad sign.  Are prices being pushed so that the whales can make money off the minnows. So far this year, the Nasdaq100 is up every single week. It's largest components are driving the overall market higher. Look at those returns so far in January. Heck those would be amazing annual returns for a lot of these names. This type of behavior early in the year is perfectly consistent with some of the best years on record for the stock market. It's called the January Barometer, "As January goes, so goes the rest of the year".

CEF - Gold, Oil, Copper and Silver That brings me to the GAMCO Global Gold, Natural Resources & Income Trust (GGN). The closed end fund currently trades under $4.00, despite the sum of its parts being valued above this level. GGN gives investors a 9.9% annual distribution and taps into various natural resources and mining giants.  Investors will get access to Newmont Corporation, Franco-Nevada, Barrick Gold, and Rio Tinto (RIO) on the gold mining side. On the energy side, the fund owns Exxon Mobil (XOM), Chevron (CVX), and Shell.  Materials comprise 41.6% of this fund, while oil and gas represent 34% of the portfolio. This is a little riskier than traditional methods, but investors can profit from the combination of the near 10% yield and 6.4% discount to NAV.  These giants are a good hedge against inflation and the oil companies are pushing into renewals as well.

Inflation is down but will the FED listen PPI declined 0.5% in December – compared to the 0.1% decline expected. For the year, headline PPI rose 6.2% in the month of December – its lowest level since March 2021. Combine this with  last week’s CPI numbers  – it’s clear inflation is cooling off. Bottom line:  All the current economic data is pointing to slowing inflation. This further puts pressure on the Fed to increase key interest rates in smaller increments.

10 risks that can cause damage to your investments and identify I n this article, we review the 10 risks that can cause damage to your investments and identify what you can do to avoid popular errors. 1.  Underestimating the time horizon of your assets 2.  Misjudging The Risk Exposure Needed To Meet Investment Objectives 3.  Failing To Properly Diversify 4.  Overreacting to negative cycles 5.  Emotional decision making 6.  Restricting investment choices 7.  Impatience 8.  Overconfidence in Your Investing Skills 9.  Paying to much in fees 10.  Making uninformed decisions

 Confidence is low for housebuilders A  68% CANCEL RATE  in Q4 of 2022!    And this won’t just affect the rich or the poor…  But every income class in the nation!   What does this look like for the other 5 larger home builders, not very confident or are they expecting cheaper prices.

 The euro will rally The Euro will rally due to the dollar falling for the whole year. We can see that by looking at the Commitment of Traders ("COT") report for the euro. This weekly report shows what futures traders are doing with their money. And when these folks get overly bullish, the smart move for contrarians like us is to take the opposite bet. That's the setup in the euro right now. Take a look... A multiyear high like this means that futures traders are all betting that the euro will rally. The problem is, when they all crowd in on a trade, their timing is terrible... They tend to pile into an asset  after  it soars.