Good day, everyone!
The big news this week comes to us from the Federal Open Market Committee (FOMC). On Wednesday they announced that they committed to continue their bond and securities buying program, “until substantial further progress has been made toward the Committee’s maximum employment and price stability goals.”
So the stimulus bazooka will keep blasting $120 billion into the top layers of the financial system. There the cash is fractionally banked out and inflates assets even higher from where they are. This is the new reality, and it’s going to stick around for the foreseeable future.
The silver lining is that this makes it an excellent investment opportunity. Even better, our featured portfolio continues to benefit, including one company that’s TRIPLED in price…