1980’s Finance

Just deployed $100 into the S&P 500 to stop the bleeding.

McDonald's uses 3 different eggs. Only 1 of them is cracked in the restaurant. The Egg McMuffin gets a Grade A egg cracked into a ring on the grill. The Big Breakfast scramble is poured from a carton of eggs and citric acid. The folded egg on the biscuits and McGriddles is eggs, nonfat milk, modified food starch, salt and citric acid. A supplier cooks it, folds it and flash freezes it. The store warms it on the grill. Citric acid keeps a cooked egg from going gray on a hot hold, and the starch holds water in a patty that's been frozen and thawed so it doesn't weep on the biscuit. The milk adds volume and softens the bite. McDonald’s purchases over 2 billion eggs in the US and Canada a year.

There it is. Over 60% of the S&P 500's components are now in bear market territory, down -20% or more from their record highs. Four of the Magnificent 7 stocks are now in bear market territory, with these seven names erasing a combined -$4 trillion in market cap since their highs. We are in a "stealth" bear market. And, we believe it's a huge opportunity as we outlined below on October 15th.

JUST IN: US 30 year mortgage rate rises to 7.50%, highest since 2023

U.S. mortgage rates hit highest since 2023