RAGING BULL—CNBC interviewed the chief investment strategist at investment bank BMO Capital Markets. He expects the stock bull market to last until 2029. “It’s the biggest stealth bull market… Nobody believes it, and we’re not there yet.” He sounds like a Jump Point Trader subscriber… Editor Teeka Tiwari’s Golden Ratio thesis says we’re at the beginning of a massive 14-year bull run.
OVERWHLEMING CASH—Moody’s Investors Service reports cash on U.S. corporate balance sheets reached a record $1.73 trillion in 2014. Cash is up 117% since 2009. The companies will use it to keep buying back record amounts of stock ($398 billion so far in 2015)… driving the market higher. Read the top 10 list of cash-flush companies right here.
BOOM-TO-BOOM—Peer-to-peer (P2P) lender Funding Circle just raised $150 million in late April. It’s up to $273 million in total funding… and it’s another sign of the boom in P2P lending. The Palm Beach Letter’s chief analyst, Grant Wasylik, attended the world’s largest gathering of online peer-to-peer (P2P) lenders last month. You can earn a safe, easy 6-8% return by investing through the March issue’s recommended P2P platform.
DE-TAX—The Washington Times reports the U.S. government collected a record $472 billion in taxes in April. That’s a 14% increase from last year’s previous record ($414 billion). April also saw a record budget surplus of $155 billion. If you feel like Uncle Sam has stuck a vacuum into your back pocket, learn how to use the world’s most notorious asset to slash your tax bill, save more, keep your assets private… and even become your own “bank.”