I’m in New Orleans sharing ideas with investors and traders who like to live “five minutes in the future,” as one of my good friends likes to put it.
Meanwhile, Goldman Sachs (GS) has reverted to its “pre-Liberation Day base case” for growth in both China and the U.S.
They cut the probability for a recession in the U.S. They also pushed back the timing for more Fed rate cuts.
And they raised their 12-month targets for both China and U.S. stock indexes.
Those “calls” came about four days after this “call”…
Goldman isn’t “evil” or even “bad.”
And they’re not stupid. In fact, these might be some of the smartest people on the planet.
It’s just that they’re playing a different game than the one we’re playing.
They’re late, and they’re wrong.
That’s because they’re living five minutes in the past.
It’s the Jetsons vs the Flintstones.
And we can profit from this divergence…
Off the Charts
Face-to-face time with real traders making decisions about their own money is better than any forecast from Goldman Sachs or any big Wall Street bank.
They’re professionals. And I respect their work.
But the folks at GS are trying to maximize shareholder value. They do a good job – we’re happy to trade the stock when the risk-reward aligns in our favor.
GS maximizing shareholder value does not necessarily translate into solid, actionable information for you and me.
Not to pick on Goldman, but those guys have been all over the place with their GDP forecasts and their S&P 500 price targets…
They’ve been very emotional.
They’ve been following headlines instead of trendlines.
They haven’t been paying attention to prior-cycle highs and the power of polarity…
I’ve got no beef with those guys doing what they do.
But hanging out down in New Orleans with some smart friends is much different than reading research reports.
I like to do this a few times a year.
The idea generation is literally off the charts.
This is exactly why we look beyond Wall Street’s rear-view mirror…
Here’s a High-Flyer
My friend Riley spends all day every day thinking about Investing like the Jetsons.
He is all things electric vehicles… new energy sources… flying cars…space exploration…. the future.
Every time I’ve spoken with him this year, which is quite often, he’s started by saying just says two words:
“Archer Aviation (ACHR).”
And look at the ripper we’ve seen here lately:
Here’s what Riley’s seeing in this chart – and beyond it…
ACHR surpassed the market cap of fellow aircraft maker Joby Aviation (JOBY) for the first time ever.
And get this: eVTOLs – that’s “electric vertical takeoff and landing” aircraft for use in urban air mobility networks – are expected to launch in Dubai later this year.
We’ve entered the golden age of aviation. And Archer appears to be a leader.
We’ll have more on ACHR and similar “five minutes in the future” opportunities…
Stay sharp,
JC Parets, CMT
Founder, TrendLabs