Dear Friend,

On July 4th, a law takes effect that kills tax credits for every new solar and wind project in America.

Every single one.

But one energy source keeps full government backing for eight more years.

It runs 24 hours a day.

Zero carbon. Zero fuel costs.

It doesn’t care if the sun sets or the wind stops.

Google just signed a 15-year contract for it..

Bill Gates reversed a decade-old position and wrote a $100 million check.

The company at the center has been building this technology for sixty years.

Revenue is approaching $1 billion. And Wall Street still prices it like a niche renewable.

After July 4th, it won’t be niche anymore.

See the energy source the government just picked >>

“The Buck Stops Here,”
Kelly Maguire
Behind the Markets

BREAKING NEWS

🏦 Alan Greenspan Has Died At 100. The Money Printer Era Started With Him.

Alan Greenspan, the man who ran the Federal Reserve for 18 years under four different presidents, died Monday at his home from complications of Parkinson's Disease. He was 100 years old. Before he came along, most Americans couldn’t name the Fed chair. By the time he left, Wall Street hung on his every word like it was scripture.

🤔 Who Was He?

Greenspan grew up in New York, attended Juilliard, and played jazz saxophone before pivoting to economics. His original philosophy was one of free markets and minimal government. We would go on to run the Fed from 1987 all the way to 2006. That is nearly two decades of controlling the price of money in the world's largest economy.

🌪️ Why His Legacy Is Complicated

His reign covered what economists call the Great Moderation, a long stretch of low inflation, rising stock markets, and strong growth that made him look like the best central banker alive. They called him the Maestro and Congress treated him like a prophet.

But the fine print tells a messier story. After the dot-com crash in 2000 and the September 11 attacks, Greenspan cut interest rates to 1%, levels nobody had seen before. Many economists say those ultra-low rates helped inflate the housing bubble that eventually caused the 2008 financial crisis, the worst economic collapse since the Great Depression.

When the housing market collapsed and banks started failing in 2008, Greenspan testified before Congress that he was in a "state of shocked disbelief." His entire career was built on the belief that financial markets could regulate themselves without heavy government oversight. Whether that was ever true we will never know, because Washington stepped in fast with bailouts, emergency rate cuts, and the biggest government intervention in markets since the Great Depression.

🧵 The Template He Left Behind

Here is the part that matters for every investor alive today. Greenspan established the idea that when things get bad enough, the Fed cuts rates and floods the system with cheap money. That playbook did not stop with him. Ben Bernanke took it further with quantitative easing after 2008. Janet Yellen kept rates near zero for years. Jerome Powell printed trillions during the pandemic. Every Fed chair since Greenspan has reached for the same lever he built.

The easy money era, the one that inflated stocks, crushed savers, and made your mortgage rate feel like a historical oddity, has roots that trace directly back to one man cutting rates to 1% in 2003 and deciding that was fine.

The Munch Take: Greenspan was brilliant, influential, and at the center of one of the most debated calls in modern economic history. He believed markets could police themselves without government interference. We never actually found out if he was right because Washington stepped in before the experiment could finish. What we do know is that the response, printing money, slashing rates to near zero, and bailing out the system, became the default playbook for every crisis that followed. We are still living in the world that decision built. My wife asked if Greenspan was the reason our mortgage rate is so high right now. I said it is a little more complicated than that. She said it sounds like a yes to her. Honestly, she’s not far off.

Your 82% Discount For Life-Changing Dividends (Ad)

Time is running out on our 4th of July special! For just $9—an 82% discount—you could set yourself up for massive dividends as high as 140% - no options trade involved, just buying and holding ETFs. Don't miss out on boosting your income with this limited-time deal. Click now to secure your access before the clock runs out!

AROUND THE GLOBE

🥇A Penny Stock Just Dethroned Samsung

For 26 straight years, Samsung has sat at the top of South Korea's stock market and there was never even a close second. That all changed today. SK Hynix knocked Samsung off that throne, briefly overtaking it to become South Korea's most valuable publicly traded company with a market cap of $1.35 trillion. The margin was razor thin but the symbolism was enormous.

Why AI Changed Everything

SK Hynix makes HBM chips. Think of HBM as a supercharged memory chip that sits right next to an AI processor and feeds it data at incredible speed. Without HBM, AI systems like ChatGPT can’t run properly. SK Hynix captured 61% of the entire global HBM market by 2025, far ahead of Samsung at 17% and Micron at 21%.

With the stock up 1,400% in the last two years, is this a bubble waiting to pop or is it time to jump in and ride the wave?

📈 The Bull Case:

• SK Hynix controls 61% of the world's most important AI memory chip market. Samsung is still trying to fix its chip quality problems while SK Hynix is already shipping its newest chips to Nvidia right now.

• The world's biggest tech companies plan to spend up to $665 billion building AI this year. Every single server they build needs memory chips. SK Hynix is the biggest supplier on the planet.

• SK Hynix is planning to list its stock in the US on the Nasdaq, which means millions of new investors who cannot easily buy it today would suddenly be able to.

📉 The Bear Case:

• SK Hynix makes one thing. If companies slow down their AI spending or stop needing as many memory chips, there is no backup business to keep the company going.

• Samsung is bigger, richer, and highly motivated to fix its chip problems. If Samsung catches up, SK Hynix will have to start lowering its prices to compete.

• The stock has already jumped 340% this year. That means most of the good news is already baked into the price. One disappointing quarter could send it tumbling fast.

The Munch Take: A company that was a penny stock 23 years ago just knocked Samsung out of the top spot in one of the world's most competitive economies. As usual, it’s the companies selling the shovels during the gold rush that are getting rich. Does this stock have more room to climb? Maybe, but we’re not touching it. Every tech company has an incentive to catch up and improve their chips and when they do, it’s hard to imagine SK Hynix will keep their current level of market share. We’re still incredibly jealous of current shareholders, though.

The "Safe" Stock That Could Destroy You (Ad)

It could be in your 401(k) anchoring your portfolio.

But our independent Weiss Ratings, which have correctly called nearly every major financial event of the 21st century, just slapped this popular stock with a "SELL".

And it's not the only one...

We found nine other popular but toxic stocks.

Click here to discover the 10 toxic stocks and protect your wealth now

🍪 Munchy Memes