No Signs of Recession: Luke Lango Sees a Bright Future Ahead

The United States isn’t teetering on the brink of a recession; it’s actually in the early stages of a rebound.

The Federal Reserve is poised to bolster this recovery with forthcoming rate cuts, paving the way for a prosperous holiday season for stocks.

Luke Lango, our esteemed tech expert, shared his optimistic outlook in the Early Stage Investor Daily Notes following an impressive jobs report released last Friday.

Delving into the details, Luke highlighted various key points, such as:

An addition of 254,000 jobs last month, surpassing expectations with the most substantial monthly job growth since March…

Revisions raising July and August job growth numbers by a noteworthy 74,000 jobs…

A surge of 223,000 in private payrolls, indicating robust job growth not solely reliant on government hiring…

A drop in the unemployment rate from 4.2% to 4.1%, marking the second consecutive monthly decrease…

An increase of 4% in average hourly earnings year-over-year, exceeding expectations and reflecting wage growth outpacing inflation for the 16th consecutive month…

Reviewing these figures, it’s hard to dispute Luke’s conclusion: the September jobs report was unequivocally positive, foreshadowing a favorable outlook for our economy, corporate earnings, and the stock market, signaling an opportune moment to put funds into action.

Luke has followed his advice by issuing a series of new “buy” recommendations over the past few days.

Understandably, we’re all ears. Subscribers to Luke’s insights have substantially profited from his earlier recommendations in recent months.

For instance, since August, subscribers to Early Stage Investor have reaped substantial gains:

• 270% on AST SpaceMobile (ASTS)
• 50% on Life Time Holdings (LTH)
• 50% on ON Holding (ONON)
• 120% on Palantir (PLTR)
• 110% on Rocket Lab (RKLB)

Kudos to Luke’s subscribers for their success. However, these returns are not the end game.

Luke’s Focus on Autonomous Vehicle Stocks

Now in October, Luke has unveiled six new recommendations that zero in on a particular sector. Turning to his recent trade alert:

“We see promising opportunities, notably in the autonomous vehicle (AV) domain. With Tesla’s Robotaxi event approaching this Thursday, a transformative shift in the AV landscape seems likely…”

“We anticipate this event could be a seminal moment for the autopilot vehicle revolution, potentially shifting it from niche disruption to mainstream transformation. It’s an opportune time to invest in AV stocks ahead of this monumental occasion.”

The Impact of Tesla’s Upcoming AV/EV Event

As documented in the Digest, Tesla is gearing up for its “We, Robot” event this Thursday, where it is anticipated to unveil its inaugural autonomous robotaxi, tentatively named the “Cybercab.”

This unveiling is poised to revolutionize not only the automotive sector but also other industries, presenting a wide array of opportunities for economic and investment growth on an extensive scale.

While Alphabet and Tesla are obvious choices in this sector, as Alphabet owns Waymo and Tesla is on the cusp of launching Robotaxi, Luke emphasizes a crucial lesson from history: the most lucrative investment in a groundbreaking technology isn’t always the entity bringing the end product to market—often, it’s the suppliers that yield superior returns.

Luke illustrates this point using Apple’s trajectory since the introduction of the iPhone in 2007, showing a growth of over 6,000%. Concurrently, Broadcom, an essential Apple supplier, has surged by more than 16,000% during the same period.

Source: StockCharts.com

History has showcased similar dynamics with Nvidia providing chips to Tesla, and Intel supplying IBM; in both instances, the supplier’s stock returns have vastly outperformed the innovator behind the headline technology.

Anticipating a replication of this trend, Luke conducted a time-sensitive event before Tesla’s “We, Robot” presentation this week, outlining specific suppliers with the potential for exponential growth as AV/EV technology reshapes the conventional landscape. You can access a replay of this event here.

In Luke’s perspective:

“Self-driving vehicles have materialized and are rapidly proliferating, potentially supplanting human-driven modes of transportation at some point.”

“Welcoming the Age of Autonomous Vehicles brings enormous opportunities within the AV stocks realm.”

In a proactive move during yesterday’s event, I disclosed a playbook of what I identify as some of the prime AV tech supplier stocks to procure presently.

“This might sound biased, but I regard this as the standout event of October—one with the potential to showcase the next wave of tech stock champions.”

Access Luke’s presentation to explore further details about his playbook without any charges.

Expanding Market Potential and Bitcoin Impacts

In addition to the robust data from last Friday’s labor report, Luke foresees the ripple effects extending beyond the equity market to benefit Bitcoin and the cryptocurrency domain. Notably, the economic vigor won’t derail the Federal Reserve’s scheduled interest rate cuts,…

Bitcoin’s Recent Performance

Bitcoin surged past $66,000 two weeks ago, showcasing strength and breaking a multi-month trendline. However, a subsequent drop below $64,000 left investors disappointed. The digital asset plummeted to around $60,500, finding support at its 100-day moving average (MA), sending mixed signals to the market.

The Significance of Support

While $64,000 was a crucial level correlating to Bitcoin’s bearish trendline, the digital currency failed to maintain it as support. Nonetheless, the bounce off the 100-day MA was a positive indication, even though investors would have preferred the support at $64,000.

Technical Analysis on Bitcoin

After observing the bounce, analysts shifted focus to Bitcoin’s Moving Average Convergence/Divergence (MACD) Indicator. This tool assesses an asset’s momentum, aiding in determining optimal entry and exit points.

Bitcoin’s MACD Potential

With Bitcoin hovering around the $50,000 to $70,000 range, there’s a possibility of a bullish weekly MACD crossover above the zero line. This occurrence, rare in the past five years, has historically led to substantial rallies in BTC’s price, indicating potential further growth in the crypto market.

In light of recent market movements, experts maintain a positive outlook on Bitcoin and select altcoins, positioning them as essential elements in a diversified investment portfolio. Despite the uncertainty surrounding Bitcoin’s immediate future, optimism prevails within the crypto community.

Stay tuned for more updates on Bitcoin and other market movements, including insights from Tesla’s upcoming “We, Robot” event.

Wishing you a pleasant evening,

Jeff Remsburg