The Watchdog on Wallstreet Weekly Recap for 11/28/22

11/28/2022 Why the Biden Administration gives ESG-crazed Financial advisors a get-out-of-jail-free card

The Biden administration likes to sneak things in over holiday periods. The regulatory system issued a rule last week that empowers professional advisors and financial planners to invest in ESG with no exceptions. Exactly why do they need this, anyway? So much for the get-out-of-jail-free card. The Biden administration is aware that these ESG funds are underperforming and that ESG investing is not in the client’s best interest. 

I, with Markowski Investments, am a fiduciary. I’m going to act in my client’s best interest. I’m not going to try to be the verse in the portfolio again, since it’s a big “get-out-of-jail-free” card.

11/29/2022 What’s going on in China and Why it is important to have a better understanding of risk and reward.

As a result of the situation in China, yesterday’s market activity was utterly crazy. This could be done far better. They’re going to push immunizations and loosen some limitations. I will have to understand risk and reward. 

China is currently uninvestable in my opinion unless the pricing is extremely attractive. It’s far too volatile, and they’re having issues with the real estate market. They are lying about their GDP figures. Their oil consumption is dreadful. Nobody understands what’s going on, and they have a different government right now. The former communist administration was concerned with economic growth while the current one is concerned about now and communist ideology. I’ll skip that.

11/30/2022 Economic Data Dump – How to make sense out of the nonsensical

So there’s the economic data dump – GDP, Chicago PMI, and  JOLTS report. Moreover, Chair J. Powell’s coffee talk. How to make sense of the nonsensical?  You can’t! 

The data points that are being generated are dispersed in numerous different directions. As an investor, how would you interpret this? When you watch pundits on television, one will predict that the market will do this, while the other will predict that the market will do that.  Consider where your portfolio will be in 5, 10, 15, or 20 years. Because, in truth, that is what matters. Trying to predict what will happen in the short term is an exercise in futility!

Are you seeking advice regarding your portfolio? Markowski Investments offers a no-cost initial consultation. Make sure to get in touch with us while there is still time!

12/1/2022 Why cryptocurrency should not be regulated

Today, these wizards of smart we call senators held a committee meeting. Did they bring up corn? Did they talk about the frozen concentrated orange juice? No, they did not. Instead, they were discussing the FTX collapse. Oh, yes!  the agriculture committee and the Commodity Futures Trading Commission, (CFTC) want to control the cryptocurrency cosmos. 

Let me tell you something: I don’t want my tax dollars to get wasted having the CFTC or the SEC regulate this industry. Label it as a biohazard and call it a day.