Archive Category: 10X Stocks Archive

Over the last month, bitcoin’s price has climbed more than 23%. It’s now holding steady near a 17-month high. That counts as an important breakout from the bearish “bottoming” pattern that the cryptocurrency’s been locked in for more than a year. From a pure technical perspective, bitcoin looks strong at $34,000. Even more encouraging for the crypto crowd is the news of a potential spot bitcoin ETF that could offer unprecedentedly “easy” access for retail investors. NYDIG, a crypto research firm, estimates that a spot bitcoin ETF could see $30 billion in demand on day one alone.

Today, I want to offer something of an explanation for the, frankly, lackluster overall performance of the 10X Stocks portfolio I’ve assembled since we launched on June 10, 2022. Now, my wife sometimes calls my explanations … excuses. And I certainly don’t aim to make excuses for our performance. But in the investment arena, it is helpful to understand why a strategy or portfolio has performed as it has … which then allows you to make educated decisions about what you’ll expect and, more so, do in the future.

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I hope you’re having a pleasant week. I’m going to keep this update short as I am out of office working on some exciting things for the future of Money & Markets. It’s been a wild month, but I think you’re going to love what comes next.

I hope you enjoyed the guest appearance by my lead research analyst, Matt Clark, last week. I thought his inside scoop on the future path of Clean Energy Fuels Corp. (Nasdaq: CLNE) was super. You can check it out here if you missed it. One last housekeeping note from me… The launch of my brand-new service, Infinite Momentum Alert, has been a huge success. We’ve welcomed hundreds of subscribers to this new venture, and I just recorded the first weekly video update, which goes out tomorrow. We’re off to a strong start … and it’s not too late to join us!