When Bad News Spells Opportunity (9/12/23)

(9/12/23) The markets have gone 95-days since any correction of at least 1.5%; today is Apple day: Where did the hype all go? Tomorrow's CPI report is expected to show inflation a tad higher, but not enough to trigger another Fed rate hike. Yet. Weakness in the Labor market is becoming more apparent. Options traders are piling into Zero-DTE's, essentially gambling on the market. Volatility has calmed, a precursor for higher volatility. The Fiscal Year for the Federal Government is coming to a close (again) with no budget since Bush was in office. Remembering how government spending used to be: One item, one bill (pre-WW2). Temporary mass-spending bills are now the norm. What does the threat of "Government Shutdown" really entail? There is no risk of debt default or SS non-payment. 5th Circuit Court rules on internet censorship and collusion between Biden administration & social media platforms to violate 1st Amendment. Dealing w mis-information; why opposing views are important. The "Global Warming" narrative has evolved into "Climate Change;" follow the money. Market futures; Raytheon's 16% drop on engine recalls; why it pays to be contrarian. Bad news can sometimes mean opportunity. SEG-1: Where'd the Hype Go at Apple? SEG-2: What Does a Gov't Shutdown Really Entail? SEG-3: What the Internet Should Be All About SEG-4: When Bad News Spells Opportunity Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=iEgjm3cLQEI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=2&t=14s -------- The latest installment of our new feature, Before the Bell, "Zero-DTE Options: Gamble or Good?" is here:  https://www.youtube.com/watch?v=JGF6yshrJ7s&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "The Biggest Head-scratchers This Year" https://www.youtube.com/watch?v=Pm3PgLBY76g&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=57s -------- Articles ment