☕ Wall Street expects a dip, but I think there could be a rip

Good morning! 👋 

Lots of green on the screen after JPow and his band of merry marauders decided to hold rates steady. 

Technically speaking, what he said was a rate hike would be “unlikely” but that’s beside the point. 

What traders heard was that we’re past the whole higher for longer thing. 

That’s great for our money if he sticks to it. 

I have my doubts. 

Hearing Powell say what he did strikes me a lot like asking a guy with scissors if you need a haircut. 

Here’s my playbook. 

1 – Apple: Wall Street expects a dip, but I think we could see a rip 

Stay focused on the big picture. 

Short of Team Cook going crazy pants, it’s a stock I want to own. 

Meanwhile, you can listen to the call here. 

2 – Anybody not invested in cybersecurity best think twice 

United Healthcare CEO Andrew Witty said that as many as 1/3rd of all Americans – roughly 111,638,298 people - could be impacted by the Change Healthcare cyberattack. (Read) 

My choice and an OBA fav has returned 153.91% over the past 12 months versus 22.76% from the SPY. 

That’s neither here nor there, though. 

What you want to do as an investor is make sure you have your bases covered with at least one choice in the cyber security space. This is a multi-trillion-dollar problem and, not coincidentally, an epic opportunity. 

I’ll be here if you need me. Upgrade to paid. 

MyPOV: This kind of stuff enrages me. Consumers have no choice but to put our information into the “system” yet nobody is held accountable when it goes wrong. I submit it’s time for a change that includes health care, insurance companies and credit rating agencies. 

3 – Google lays off core employees – only this isn’t about Google  

Google has announced that it’ll be cutting hundreds and moving more “core” jobs abroad. (Read) 

This isn’t a surprise. 

If business conditions stink, guess who’s going to take their payroll elsewhere? 

Any company that can. 

Jobs are mobile as is the money that goes with it. 

Particularly in tech. 

It’s really a warning shot to politicians (regardless of party) ... create business friendly conditions or businesses and their tax base will go where it’s more friendly.  

As an aside, Google appears to be adulting and may just yet be worth a shot. 

4 – What took Peloton so long? 

Peloton CEO Barry McCarthy is apparently going to step down and lay off 15% of the company staff. (Read) 

The only question I've got is what took so long. 

You'd think the company went public on nothing more than hype and had money to burn... oh wait. 🤦‍♂️ 

Keith’s investing tip – I talk constantly about the need to buy “must have” companies making products and services that the world can't live without. A tablet on a bike is not a business and I don't care how you pitch it.  

5 – An exclusive interview you may find helpful (and enjoy, too) 

Rich Checkan, CEO of Asset Strategies International, very kindly invited me to sit down for a few minutes to talk about current market conditions, smart moves investors can make and more. 

We had a wide-ranging discussion I think you’ll find as helpful as it could be potentially profitable. (Watch) 

Bottom Line 

They say money can buy you happiness.  

Perhaps.  

But only if you earn it. 

As always, let’s MAKE it a great day. 

You got this – I promise. 

Keith 😊 

PS: The May issue of One Bar Ahead® drops tomorrow so please keep an eye on your email! I believe there’s a super-powerful, super-compelling case to be made for one of the world’s best companies at a time when prices are just a few % above 52-week lows and most people are looking the other way. I’ll also share an exclusive interview with one of the world’s top CEOs and a look at how she built a billion-dollar global company from scratch. “How we did it” has never been more inspiring.