Print the page
Increase font size
“Buy Stocks, They Only Go Up”

Posted August 27, 2024

Matt Insley

By Matt Insley

“Buy Stocks, They Only Go Up”

You probably know the old “cab driver warning.” In years past, if you hopped in a cab and the cab driver mentioned individual stocks he liked, it was time to sell stocks. Nvidia, we’re looking at you.

Toppy markets, over-inflated bubbles, peak euphoria… When “dumb money” (us) are talking about stocks, it only means one thing. Lighten up on stocks.

It can take a few months, and it’s rarely linear, but euphoria has a way of shooting itself in the foot over and over again.

This past weekend, overheard in Baltimore County, at the Maryland State Fair — two 30s-ish men in conversation: “Just buy stocks, they only go up.”

The reply from the man’s friend, “Yeah, I’ve been looking at the market a lot more recently. It’s been on a hell of a ride.”

The first man again, “Take what you have left over and buy stocks. It’s the best thing you can do.”

Foreign conflicts and bad actors, the threat of escalating tensions in the Middle East, election season jitters, rate cuts already priced in, NVDA earnings… The market may very well be due a dose of karma.

Perhaps a swift stock decline is the “October Surprise” that tips the election?

We’re not saying stocks are going to tank, but cheap protection is available now. It’s not called panicking if you’re the first one to do it. Food for thought…

Send your opinions to, feedback@newsyoucanacton.com

Your Rundown for Wednesday, August 28, 2024...

RFK Jr. Drops Out: What It Means for Trump’s Chances

Last weekend, Robert F. Kennedy Jr.’s decision to drop out of the 2024 presidential race sent aftershocks through the political landscape.

Kennedy, running as an Independent candidate, initially attracted a diverse base of supporters, but his exit might ultimately tip the scales in favor of Trump.

Recent polling data, for instance, shows Kennedy’s supporters were far more likely to support Trump than Vice President Kamala Harris.

  • A USA Today/Suffolk University national poll from June found that 32% of Kennedy supporters listed Trump as their second choice; only 18% leaned in Biden’s direction.

A trend which suggests Trump could gain serious traction among voters who were once drawn to Kennedy's unorthodox campaign.

In swing states, however, Kennedy's candidacy has been a double-edged sword…

An analysis by RacetotheWH indicates that his presence was helping Harris in states like Nevada and North Carolina, where he was pulling votes away from Trump.

But with Kennedy now out of the race, those states could swing back in Trump's camp, potentially altering the electoral map.

Despite Kennedy’s withdrawal, Democratic pollster Geoff Garin notes that Kennedy’s number had dipped to just 2–3% of voters.

While this percentage might seem infinitesimal, in a tight race, every percentage point counts.

Trump’s campaign will most likely aim to court remaining Kennedy supporters — particularly blue-collar, independent male voters.

Even with fewer than 70 days until the 2024 election, dynamics are shifting.

Is this the latest Trump Bump?

Kennedy’s exit could serve as a strategic advantage for Trump, making the race even more down-to-the-wire.

On Friday, we’ll have even more coverage of how Team Trump is consolidating, including some Tulsi Gabbard news and a potential cabinet position for RFK Jr.

Plus? We’ll break down Nvidia’s earnings announcement.

Market Rundown for Wednesday, Aug. 28, 2024

S&P 500 futures are flat at 5,640.

Oil’s down 1.5% to $74.39 for a barrel of WTI.

Gold futures are down 0.80% to $2,532.10 per ounce.

Bitcoin, meanwhile, is down over 3% to $60,110.

Send your comments and questions to, feedback@newsyoucanacton.com

Fed Delivers Rate Cut for Harris

Fed Delivers Rate Cut for Harris

Posted September 17, 2024

By Matt Insley

Here’s what you can expect from the Federal Reserve this afternoon…
WHO’S REALLY SHOOTING AT TRUMP?

WHO’S REALLY SHOOTING AT TRUMP?

Posted September 16, 2024

By Matt Insley

A second assassination attempt on former President Donald Trump… The animus against Trump is off-the-charts.
Shockingly Few Voters Will Decide the Election

Shockingly Few Voters Will Decide the Election

Posted September 12, 2024

By Matt Insley

In the event of a 269-269 Electoral College deadlock…
Takeaways From Last Night’s Debate

Takeaways From Last Night’s Debate

Posted September 11, 2024

By Matt Insley

Don’t expect the presidential debate to turn the tide in a substantial way… unless it’s a nail-biter election.
Biden’s Corruption is a Matter of Public Record

Biden’s Corruption is a Matter of Public Record

Posted September 09, 2024

By Matt Insley

President Joe Biden — and his family’s — corruption is now a matter of public record.
How Election Polling Should Work

How Election Polling Should Work

Posted September 06, 2024

By Matt Insley

Today, with just 60 days until Election Day, we examine the angles of political polls, how they’re conducted and how to read them.