Hello. Okay, everybody, here we go. It is me, Gregory Manorino. Sunday, January 21, 2024. And this is my newest segment of markets. A look ahead. Let’s do just that. Let’s consider what is happening here. We have, I don’t want to say a unique situation, but in some ways it kind of is, especially with the current environment. It, when you are trying to put this entire thing together, you have to consider so many things.

It’s not an easy job to do. It’s the truth. But by just gauging from what we are seeing, what we, to the best of our ability can assess is more than likely to happen moving forward. It takes a lot of a guesswork out of this. All right? So we’re not going to sit here and throw wild speculation out with regard to where this market is going, because we don’t have to.

We can look at what is happening now and basically come up with a straight line as to, again, where this is more than likely going to go. And that’s really what I try to do for myself when I’m trying to position myself for the future and for all of you. It’s pretty simple, I guess, in that respect. Let’s talk about what is happening. The Middle east right now is lighting up, okay? There’s a lot of stuff going on over there.

This is what the mainstream media is telling us. Okay? I believe about 3% of it. That’s the truth. All right? Whatever the mainstream media is trying to tell you, whether I have one simple rule, and I live by this, and you should, too, when you turn on the mainstream media, CNBC, Bloomberg, Fox Business, I don’t pick one, all right? And the commentators are trying to make you focus on something.

It more than likely isn’t true. There’s a reason why they’re doing it. It’s a deception. It’s a distraction. You got to look in the opposite direction. That’s what I do all the time. Believe me, when I hear one thing, I go, okay, what’s really happening? And that’s when I try to kind of cut through all the nonsense and figure out what’s actually going on. So with regard to this market here, people, no surprise, and I am so proud to say this, okay? I honestly am.

On Friday, for the first time in over two years, the S and P 500 hit a new record high. The Dow hit several record highs towards the end of last year. We hit a dual record on Friday. How can I say this another way? The only thing now really that matters to the market, forget about the economy. Because I’m going to cover something with you in a moment.

The only thing that matters here to the market is the promise of more easy money. And the market’s going to get it. The market gets what it wants all the time, all right? That’s the truth. And if we can understand what’s going on, what’s driving risk in this market more specifically, then it couldn’t possibly be easier for us. Okay? Risk is the key. Understanding risk is the key to investing.

It’s the key to this market right now. And there’s a couple of indicators that we can look at. We can look at the ten year yield. We can look at the dollar on a relative strength basis, or the Dixie, and we can look at the MMRI manorino market risk indicator, again, free to anyone on the planet who wants to use it. Link in the description of this video.

Right now, the MMRI is sitting in a high risk zone. Let me say this, too. If the MMRI were in a low risk zone right now, does that mean that there can’t be an outlying event that could send this whole thing off a cliff? Of course not. Low risk does not mean no risk. And high risk is actually bullish in many, many ways. More risk, more reward to a certain degree.

Now, the MMRI in no way is the end all. The MMRI is one tool among a lot of things that we need to look at in this current environment. You understand? So, as I said, the MMRI sitting at high risk, there’s no reason to panic here. And the first thing you should do when you see a high MMRI, all right, what I do is say, okay, the MMRI is x.

Then I kind of break it down into its segments. I say, okay, what’s the ten year yield doing? And then what’s the dollar doing? This compensatory mechanism, and I discussed this for a decade, that exists between the ten year yield and the dollar. They kind of weigh off of each other here. And I sum it all up again in the MMRI. But if you want to break this down further, if you’re a little more inquisitive, all right, you can look at the MMRI, wherever it might be sitting, and then look at the ten year yield in the dollar.

If you see the ten year yield rising and a weaker dollar, that on a relative strength basis, regardless of where the MMRI might be, again, this is just one tool that would be a bullish sign for the most part. Again, you have to consider a lot of other things that are going on. What’s going on right now is pretty interesting. Again, the situation is we’re going to see a lot more war.

We’ve covered this. It’s going to expand again. This mechanism here is to empower the central banks more than anything else, pull cash into the now more so than ever before. That’s what this is all about. We’ll cover more of that as we move forward here. The system is illiquid. The system is drying up, clearly. Okay, we are in a full on liquidity crisis. You’re not supposed to know this.

And even though the world is awash in debt right now, there’s not enough of it. It’s an incredible situation that is a direct result out of what central banks have done, this debt based economic model that’s been forced upon all of us. You understand? Anyway, let me read through this. This is in your inbox right now if you subscribe to my free newsletter. It’s literally free and I do not share your information, I swear.

Okay? Check this out. It’s in your inbox. If you have not yet subscribed to my newsletter, I don’t know what the heck you’re waiting for. There’s a lot of information here you’re not going to get even on these blogs, okay? So subscribe now if you haven’t. But let me read through this to give you an idea of what’s happening, why it’s happening, and where we are going from here, based on, again, where risk is in this market.

All right? So let’s try to do this so you and I can stay on the right side of this entire freak show, because it is a freak show. So just the title. This pretty much lets you know what’s going on. All right? Continued economic freefall means a much higher stock market. Now, is that a surprise to a single one of you that follow this blog? Our economy is dead and buried.

The consumer is dead. This is a worldwide phenomenon. And I told you for how long? I don’t even know now, for a very long time, that the faster the economy craters, the higher the stock market is going to go. So keep that in mind as I read through this. So again, continued economic free fall means a much higher stock market by this guy. All right? Now for a very long time now, I have outlined in my work how we were and are now going to see an interesting phenomenon play out.

The faster the world economy craters, the higher the stock markets will go. To grasp how this phenomenon is even possible, we need to understand what is driving stock prices. The market today makes sense to you. Duh I love doing that. In times past, this is a fact. There was a direct correlation between the economy and the stock market. Well, today there is no correlation whatsoever. You know this because we’ve covered it thousands of freaking times.

There’s no correlation whatsoever between world markets and the world economy. Today, both the economy and the stock market operate absolutely detached from each other. I’ve been showing you this economy, the faster it free falls, the higher the market is going to go. I think we nailed that one to the wall. Let’s keep moving on here. All right, so again, in times past, fundamental market factors played a key role in the price action of a company’s stock.

Let’s talk about this a little further. You’ve heard me mention these things such as PE ratios, forward guidance, cash flow, return on assets, balance sheet debt, et cetera. These were essential components into establishing a company’s value and subsequently its stock share price. Does that make sense to you? Shit. It’s pretty logical, right? Also in times past, it was the same factors which gave value to the overall markets themselves.

This no longer exists. All right, this is our strength, understanding how it works. So pay attention to this. This part here is key. The economic meltdown, financial crisis for which we’re in one now, stock market crash of 2008 allowed central banks to completely remove the fundamental drivers of the market. They don’t exist anymore. PE ratios, forward guidance, balance sheet debt doesn’t matter anymore. And collectively replace these fundamental factors with an easy money policy in the form of direct capital injections into the banking system massively and continued suppressed rates, which we have now.

And by directly monetizing the debt. Let’s talk more about that too. So today, the Federal Reserve directly monetizing the debt has become a key component of monetary policy. I think we’re on the same page here, right? This includes providing all the funds needed. This is very appropriate for today to fund war and the expansion of war, which is a key component to this current policy. Now, it could certainly be argued, and I think this is true, that the expansion of war has always been a key monetary policy component of the United States.

Flash Federal Reserve has no other endeavor on earthing. You know, what I’m about to say right now creates more need for borrowed dollars than war. I personally believe this to be true, and I think we’re on the same page. Please let me know if we’re not. That’s okay, too. Tell me where I get it wrong or got it wrong. As a direct result of the fallout of the financial crisis here, the markets then and even now, having access to oceans of cheap money gleefully provided by runaway central banks via artificially suppressed rates and direct monetization of the debt have very successfully reinflated and hyperinflated the largest world stock market bubble in freaking human history.

Are we still on the same page? I bet we are. So today, being that the fundamental factors which are supposed to drive or support the market no longer matter. A free fall economy is stock market positive. Let me explain. A freefall economy is positive for the stock market, in that markets will continue to receive access to continued suppressed reits, which by design, you know what I’m going to tell you again here? Drives cash into risk assets or the stock market.

A free fall economy will also cause more and more corporations to lay off workers by the tens of thousands. Is this a surprise? I don’t think so. We spoke about this last year before it even started. Well, here we are, which is positive for your company’s stock and therefore the overall market. Oh my goodness. How many of you are surprised about that? How about nobody? Now we’re almost done, so bear with me.

Expanding war will also drive cash into the perceived safety of debt. We have covered this over and over and over and over as of late, and that’s why I’ve been telling you this. Rising in the ten year yield is not going to last. It’s not going to last, and it certainly isn’t spooking the market right now, because the market is still orgasmic on the thought that it’s going to be getting oceans of more easy money coming down the pike.

And that’s exactly what’s going to happen here. So anyway, explaining what will also drive cash into perceived safety of debt, further suppressing rates, which is again, stock market positive. Now let me finish with this last paragraph, and again, this is pretty much common knowledge to those of you that follow this blog, but I want you to ponder it a little more. We should expect that the illusion of the market, this is an illusion here, will be maintained throughout the presidential selection cycle.

People think this is some kind of a slip. No, I mean selection cycle. The illusion of the market is a very powerful thing. People, again, we’ve covered this to the point of nauseam. People still believe. They still believe that there is a direct correlation between the economy and the stock market. There is no connection anymore. They believe that a high stock market, record high like on Friday, which is not going to stop.

They believe that the economy is strong and this is going to be a lie that’s going to be sold to you, by the thing currently sitting behind the resolute desk. Doesn’t matter who they put there. And whoever they do put there is going to be a traitor moving forward again to sell you more lies, distractions and deception. So just be ready for that. All right? This is not the United States of America anymore.

This is the United States with a corporate agenda being driven by, again, runaway central banks who are hell bent on destroying all of us and creating this neo feudal system that you and I have been talking about for ten freaking years. Okay, I think we’re on the same page. At least please let me know with that said, people, look, we got this down. I got to tell you over and over and over again, if we understand, honestly, people like what I just read to all of you, this right here.

How can we possibly lose? Explain to me how we can lose. We can’t lose. We’re bending against the debt, becoming our own central banks, being diversified, having advanced knowledge like we do here, of where this is going to go because it’s just too easy, gives us an insurmountable edge where we cannot possibly be beaten, in my view. Okay. No matter what they do, we got it covered. If you’ve been with me for any length of time, you can’t possibly be in a better spot.

And I will keep you more farther against the curve of this market. Forget about where that is. We’re going to be so far ahead of it that it’s going to be just. I can’t even speak. It’s out of control. We got this. And again, that makes us literally invincible. And we got each other, as always. Okay? We’re the key here. This is a worldwide family that we have here.

You believe that? I think you do. You should believe that. This blog isn’t that big. What do we got? A little over a quarter of a million followers. Not that much again, like I told you by, we’re licking toilet bowls and eating tide pods, they have 10 million followers. That’s what people want to see. They don’t want to hear the truth because they can’t handle it. They’re too distracted.

They’re too screwed. Mind screwed, psyopped into some other thing. They got to get all giggly about some guy licking toilet bowls. Meanwhile, you throw this kind of stuff at them, and they don’t know what to do with themselves. They really don’t. But that’s okay. I don’t really care. This is a natural selection process going on, in my view, and you’re part of it, okay? You’re part of it.

You know what’s happening. You know what’s going on here. And nobody has a better idea than you. If you follow this block, period, the end. And that gives us, again, an edge that just makes us, frankly, invincible, in my view. People, I hope you got some out of this video. If you did, I want to hear from you. If not, I want to hear from you, too. Greg, you’re totally off base.

Let me know why. I am not too old to learn a new trick or two, you understand? But explain it to me in terms that I can understand, like a small child or a golden retriever, okay? Because I’m not that smart. That’s really the truth. All right? All of you here are much smarter than I am. That’s a fact. All right? Love you all from the heart. I mean that.

I will see all of you in the morning for my pre market report. And we’re going to put this whole thing together as we always do. And I, frankly, love it. All right, see you in the morning. Bye. .

See more of Gregory Mannarino on their Public Channel and the MPN Gregory Mannarino channel.