Inside information. Nobody tells you. I don't think in the media know this.
So there's a lot of going on on the service. So if you
try to figure out why we don't have enough context with the why, No,
the market knows everything right. You're listening to Carrie Letts's Financial Survival Network,
where you get valuable information. You just can't find anywhere else to thrive
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gift Financial Survival Network now more than ever, and welcome. You aren't listening
to watching the Financial Survival Network, I'm your host, Carry Lutts. Hey,
we've got Charles Nanner on with us today giving us some insight into where
these markets are heading. Highly recommend you go over to Charles Nanner that's n
E N n er dot com. Sign up for his trial subscription. Been
a subscriber for years. It's something I start in most days. Whenever there's
an update whatever I'm doing, Charles, I put everything aside and read it
to see what the heck's going on. We're talking pre call AI biggest threat
to Wall Street that has ever existed, because basically, what do you need
a portfolio manager for? What do you need an analyst for stock broker whatever?
You just get yourself an AI bought and they are your portfolio manager.
Where do you think this trends heading well? As you maybe remember, I
went to this business of the mid eighties f TI finished being a medical doctor.
It was only a couple of years and I thought, like the medicine
it ever happened. So I developed this intelligence that what are called neural networks,
and except the clients, most people didn't take it seriously. And interesting
thing is they still don't take it seriously. So I think I'm against up
like the thousands of brokers with grace suits and at the shakecases who saying whatever
they want and ever the quotes, whatever paper they see, and they just
try to suppress the artificial intelligence in financial markets. So I'm fine with that.
I just want it surprising that this exists a ready for a long time
and also now and it doesn't get to the surface that our computers who can
calculate things that we cannot, mostly because they are not emotional. So it's
like against It will take still many years because people and I still have clients
who say, why you think is going to happen? And it says,
I don't deal with what why it's going to happen, I deal with what
happened. So so so one example is with a lot of hatch funds that
everybody is afraid to the back fun crash, you know, the back found
theory says that art situation that we cannot predict, you're going to bring down
the market. So they all tried to predict White happens. And I tried
to convince them, why don't you deal with me where it happens, who
guess why it happens. But there's so much conducent the white happened, they
cannot forget why it happened. The old basics what white happened, not when
it happens. So it's still early in the game. So but at some
point, look, it's just like they played chess. They play that game
Go, and they far exceed human capabilities to the point where when you have
two computers playing Go against each other, the game becomes unrecognizable. The big
guys out there, the big alder players, all of them are they using
AI, Well, they use my researchers based on AI and since they very
much into results, they really don't care why it happens, what happens,
who says what, who does? What? They just want to know doesn't
go up, how many days it goes up, how many weeks good up?
How I want to percent it goes up, and how much it goes
down. But if I may say, the little investor who doesn't really study
history of financial markets is still listening to the media, and and I have
to say, this is the funny thing of the media, is how did
they get in this finance? I was in New York on the vacasion and
as a CNBC and CNBC said, well, for I remembered, for its
stock goes up, for it goes down all kinds of reasons, and that's
strange it can happen. So that's how I started my career. And twenty
years later when I was invited a lot of cbcs is how did you get
in the business? And I thought it would throw me out, and says,
you know what, I was listening to you guys, I think this
is donss let me check it. Now you invite me to explain to you
what I checked out and so so you're really making sense of things. It's
just kind of your nature. And so what tools are available to the average
person now that can really help you besides your research, What else can I
use to help me outperform the market and stay away from crashes. Well,
the first problem is that you will be listening to the media, and like
one Buffett said, I never saw a journalist who became a billionaire, you
know, otherwise they will all, you know, going to business if they
do that. So I had been to television of Bloomberg TV, and all
will like these people. But if you know who sits there writes the stories,
right that nineteen twenty twenty one one years old old students, Yeah,
that just write up a story that says Bloomberg says or you know, whatever
says. So, so it's it's kind of a hopeless situation. People want
I don't say they want to be fooled, but it's still fooled and they
don't feel the being fooled. Yeah. Well, so if I could sum
it up, the problem is they're way cons more concerned about why than when.
Right, It's like, you don't there's a lot you know, I
don't need to understand my car. When I put the key in the ignition
and turn it, all I need to know is that it's running and it'll
take me where I need to go. As far as something goes wrong or
how it works, we'll leave it to the engineers and the mechanics to figure
all that stuff out. I just wanted to take me from point A to
point B. And so basically the emphasis, the focus of the average investor
is completely in the wrong arena. They're trying to figure out why when they
should be trying to figure out how much I can make or lose if I'm
right, And then they have to illusion. If I say, you know,
with the korn goes up a lot is to give an example, this
says, well, I don't know about korn. It says, what do
you know about golds? You play goals? You know anything about gold?
Actually, no one knows anything about gold. You know this, it's built
an illusion. But you know, billies of billies on a billion dollars go
on every year based on this. Should that they keep going Yeah, yeah,
Well that's what makes the world go around, I guess, and cost
people a lot of money and a lot of heartache and a lot of grief.
So looking at markets ahead stock market, so it performed unbelievably well so
far in twenty twenty three, better than most of the so called experts out
there we're predicting. But now it looks like we've come to a bump in
the road, doesn't it. Well, that is just if you take out
what the magnificent seven you know, Yeah, these seven stocks are responsible for
like the whole thing, what it was. Yeah, so we're not up
that much. We sold the mark. Yeah, the right at our downside
I start, which is speak four three, and that's that fifty thousand.
We we cover here a little bit of shorts and we've sutside down. If
you see a substantial clothes below these lambs so much. Well, so we
know there's a days Okay, so we're heading lower there, huh, So
it would appear now I want I want to mention something that you probably won't
hear. You hear a lot about how we're going to be resh. Yeah,
let's come within thirty percent chance of recession sixty three onsens. Okay,
So let me let me give you the information m recession thart if there's a
birth and guield cer which means it's a two year note against any your note
has a higher yield. The recession never starts where the two year years is
higher than attenion yield. The recession starts when it's going back to zero above
zero. Now that has been true about every recession of the last sixty years.
People just don't study it. So right now we're not recession. The
two year right still having a higher yield than at ten year it was around
dan recession and it has been in hot the cases. So can you says
now? But again, well is there anything now? You don't anything better?
So let's assume that who tells you that? Because now it's work said,
people listen to them. They don't know what it means, but it
means this p respicially a pike. Yeah, just insuads then profits at one
of So you have tooke attention, but it doesn't help. It's going to
be twenty percent, thirty percent, ten percent. So what are you gonna
do? Nothing? Yeah, all right, okay, I'll buy it.
So the recessions, they decided to throw a recession, but nobody came,
h no, But it's not throwing. Don't believe them. They can manipulate
all the stuff. Yeah, otherwise bicycle cycle work wouldn't work right. But
what we know is again the ten years stuff going to have a high yield
that are two years, then you have a recession. Okay, so when
that happens, when the yield curve flips, then we know what's the lag
time for the recession? Charles between that, well, there's no the length
time. It's difficult. You just have to wait. He'll at ten year
when to do your work, looking where any yields go, where the two
yield is going, and when it reverses, you have to anticipate, but
especially if it goes back to zero, you have to be very careful.
Now afielder the cycle where we have a decide to keep it, what's going
to happen. So that's why we cautious ready in the market, because we
have a treatable low. Soon in a few weeks of the thirty year yield
and a ten year yield, I think the whole thing is going to reverse.
So then we have to pay attention. So does that mean that the
dollar is going higher as well? What's what's gonna What's going to be the
outcome of the dollar? Old tongue what's that. I'm sorry, but the
moment that it's lomatured on size of down at the dollars. So we were
out of the dollar, you're out of the dollar. Okay, So how
low can the dollar go from where it is now? That I don't I
don't have ready in ourn exit conversation. I'll be ready with that. One
will follow so many market instead of everything ready in my head. Yeah,
it's a dollar said, quite a run over the past ten years. You
know, Well maybe, but if you look at the bank power totally collapse.
Yeah, well that's a difference. I'm so on talking only relative to
other currencies, which you know, they're all on it. We're all on
a sinking ship. It doesn't really matter, does it. No, it
doesn't matter. Well, sinking ship. And I think the brick situation is
going to take over soon. I have very big clients resists of the resilt.
Well, yeah, so you think the brick's really going to take resil
real has no, they're really gonna take over because that this reality is so
strong a reason for Well to postpone because part of the Brick country. So
people already investing in the reality getting prepared. Ah, interesting interesting. Yeah,
well you know, hey, no currency last forever? Right? No?
And then we have the gold situation. What it is? Why is
it goal going up? Maybe? Remember like years ago, your country is
asked the United States to give them big goal holding right, double range.
I heard from baby clients why it is? This is why it is that
because they think that the United States is short of gold, they don't have
to pull in. The United States continues to push down the prior. Yeah,
go holds. You know the bubble their shortened goldn't it doesn't take off.
So a lot of things going on, and nobody can tell you.
I would would if I would have this bank as client. And I give
you one more example. You know the story about credit Swiss, Right,
yes, okay, so loads Billy White Swiss closed down and almost went to
the bankupsy. The situation was this, they had big clients from the United
States and what about they were about to be sued by United States, and
it calculated it would be better to close those but it's peace to pay.
We had the top billions to the United States, so that's why they closed
down. Really inside information that nobody tells you. I don't think if the
media know this. So there's a lot going on on the surface. So
if you try to figure out why we don't have enough context of the why
the market knows everything right now the people that know everything, Yeah, yeah,
all right, So we're gonna see gold. What's ahead for gold?
It is coming, It is coming. It's disappointed for a lot of people
who played on the long side on the short side. But if people every
time it goes up to buy and they lose a lot of money and then
it get out again. It's coming late in the year, the blue market
will start again. Okay, all right, I'll buy that. Any other
markets. What about oil and not gas? Well, longer term net gas
is going higher again, and but kutos also going higher again. You'll be
surprised how high can go again. And the inflation is coming back. Cycles
battoped on the inflation and they don't mention it yet. One of these days
the inflation that must come out, and everybody is going to be in a
crisis because nobody pays attention. And if you look at my cycle work again,
what you said is you're gonna have a free twelve. What you forgot
to say is it's a free twelve for thirty days, so you get it
for free. So it's worth while seeing how these cycles look, even if
you don't want to continue with it. Have an idea how the investors look,
you know, the knowledgeably investors looking how to approach markets. Yeah,
highly recommended, highly highly recommended for sure. So all right, food prices,
we soybeans and all that, what do we have to look forward to
if inflation is going up, it's going to take them as well? Right,
Yeah, it's nothing the small gas prudes, the food prices for next
touple of weeks, I exactly. The commodities coord we soybeans on adoptment and
got to gotee down. Interesting all right, all right, and any other
markets we should be looking at, Well, we're still with the bitcoin cycles.
Don't that good? And it's just trading about twenty nine thousand were totally
out to go the cycle. If it's all on twenty eight thousands, they
have a big down move again and all this expectation of the bitcoin is not
is not gonna happen at the moment. But the major I think that ophing
is it's like you know, the strays. Yeah, and as stock Mark,
it's also especially up stop markets at True Oil. We you know,
we do a lot with the USO. That's a stunt that follows the true
people who don't want to trade qualities. And we have un g at e
E TP that follows natural guests and it goes excellent. All right, So
wait, wait away. If I mentioned i'm a bit, I'm a bit
out of a track record. If you go to a website, you see
a track record and you'll be astonished how what that looks like? Track record?
Yeah, I know you've got quite the track record for sure. So
all right, so we want to be very cautious about the market, and
we want to really be looking at at this bricks currency where it's going to
head. A question about China, I mean, I know it's in the
news a lot. They're flooding and buildings collapsing right and left. You get
what are your charts telling me about China? The funny thing is China looks
more deflationary than inflationary, and some of the big clients at the heab over
there, they think it's it starts to be a big mess. It's getting
out of control, so meltdown. I mean, I know the real estate
I remember like five years ago you said, Kerry, go buy small apartments,
vacation apartments, rent them out condas vacation homes. You still think that's
a good a good thing to do. No, because they said two bushes
that work with me. They started selling them already a while ago. The
site it's still holding for another seven eight months. But then you really have
to be out. Yeah, all right, so housing housing is going to
take a hit as well. Huh yeah. But the good thing is now
if you sell, you know, you can get two year no to five
percent, so you can san of I'm getting the rentals to two of you
to even a five you know, maybe four of so you get paid to
wait. So and then that's a nice yeah, and then you jump back
in. All right, Well, go over to Charles Nanner dot com get
your thirty day free trial. You will be really happy you did. Charles
always appreciate you coming on sharing your wisdom with us. You've got a question
for Charles myself. The email addresses k l at Kerry LUTs dot com.
The link to Charles's site in the show notes this interview on Financial Survival Network
dot com. While you're there, sign up for your free newsletter Charles,
we'll talk to you again real soon. Thanks so much. Welcome, byebye,
thanks for listening to carry Let's Financial Survival Network, your solution to today's
trying times. For the latest, go to Financial Survival Network dot com.
Financial Survival Network now more and ever