Archive Category: Green Zone Fortunes Updates

We’re still in a bear market after recent rallies petered out. The S&P 500 is back to 20% off its January highs. The most optimistic of bullish investors are already calling the bear market over. They expect new highs by early next year, if not sooner. But the base-case scenario I’ve been planning for is a “longer and lower” march down. I’m not a pessimist. I consider myself a cautious optimist … but numbers don’t lie. A majority of the price trends across global markets are pointing down.

As a major exporter of natural gas to Europe, Russia believed it could do whatever it wanted in Ukraine with minimal consequences. It bet that Europe wouldn’t risk angering the Russian bear and having its gas supply cut off. But then, a funny thing happened. Ukraine didn’t fold like Russia expected it to. It fought back … forced Russia into an apparent stalemate … and convinced Europeans to buy their gas elsewhere. There’s no going back at this point. Even if Russia were to retreat across the border with its tail tucked between its legs, Europe cannot tolerate the possibility of the hostile regime next door holding its energy supply hostage. This pressure led the continent to double down on its efforts to go green.

We’re selling the remaining half of our position in La Croix producer National Beverage Corp. (Nasdaq: FIZZ) for a modest gain.

In this week’s video, I cover an important feature of your membership and answer the question: How do we choose which stocks to recommend? (I covered how we know when to exit in my video on August 17. Click here if you missed it.) But our Weekly Hotlist plays an important part in the algorithm we use to narrow down stocks to recommend.

Green Zone Fortunes co-editor Charles Sizemore checking in with this week’s update video. Adam O’Dell and his wife welcomed their new son into the world this weekend. Congratulations to both of them! If you’d like to reach out to Adam and his family, please email our team, and we’ll get your kind messages to them. So on to this week’s topic: I discuss the market’s reaction to Federal Reserve Chair Jerome Powell’s latest comments.