Becoming the Investor I Am Today

Porter's Journal Issue #38, Volume #1

Author

Porter Stansberry
December 06, 2024

Why I Lost Interest In Deep-Value Investing (and Two New Rules)

Table of Contents

Three Things You Need To Know Now:

1. The U.S. labor market continues to weaken. The Bureau of Labor statistics released the November jobs report this morning, showing that the unemployment rate ticked higher, reaching 4.2% – a steady uptrend since April 2023, rising 1.7 percentage points over the period. There are now 1.7 million Americans in long-term unemployment, the highest in almost three years – and a 42% increase from a year ago. Despite a 227,000 rise in payrolls in November, there’s just not enough demand to hire the growing number of unemployed Americans.

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