THE EVERYTHING BULL MARKET IS UPON US Right now, we might be entering a world where stocks, crypto AND old will all join the EVERYTHING bull market party together. Here are the key points behind this thesis: 1. The ISM is (finally) accelerating higher, last month printing above 56, showing the economy is expanding fast. (chart 1) 2. At the same time, earnings across the S&P 500 are absolutely crushing, well above bull market levels from 2021! (chart 2) Now here’s where the Goldilocks moment kicks in. Generally, when the economy and companies are doing so well, inflation heats up due to increased consumption as the job market is usually very robust and wages increase. As a result, the FED needs to step in to slow down demand, usually through raising rates or some form of quantitative tightening, putting an end to the bull market (remember 2022?). However, today’s world is unfolding a little differently. Earnings are booming, yet payrolls aren’t moving. (chart 3) In addition, inflation has actually been coming down over the last 2 months rather than increasing. (chart 4) And to be fair, the only reason it’s above 3% in the first place is because the price of oil is artificially high due to the U.S. / Iran war, it has nothing to do with a booming economy. So this is the ‘Goldilocks moment’ for markets: - A booming economy - Incredible earnings - Tamed inflation Our analysts have been calling out this thesis for MONTHS now directly to PRO members. If you were inside Milk Road PRO, you would have gotten the alpha before it was too late. Use the link below to join PRO so you don't miss out on the next big ideas/trades.