Hey there, Garrett here. 

This morning I read the most infuriating quote from some Wall Street analyst trying to explain away why you're paying 23 times forward earnings for stocks.

This guy said current sky-high valuations are totally reasonable because "return on equity and profit margins were far lower in those times."

That's complete bullsh*t.

Here's what Wall Street doesn't want you to know

While you're worried about earnings and profit margins, they've added $15 trillion in global liquidity since January 2024 alone. Fifteen. Trillion. Dollars.

Your grandfather's stock market had price discovery and the gold standard. You get money printing and theater from Jerome Powell.

The chart that exposes everything:

I'm looking at the Chicago Fed National Activity Index right now - it's supposed to track real economic stuff like productivity and jobs. Want to see something that'll make you sick? 

Flip that chart upside down. It's the exact same chart as the S&P 500 since COVID.

Since 2020, stocks stopped caring about the fundamentals this analyst is babbling about. 

Now it's pure liquidity. How much money are they printing? How much collateral does Wall Street have to gamble with your retirement money?

Every crisis proves the same point:

Japan crashed this year. What happened? They accommodated, insiders bought, markets hit new highs. This happened with Silicon Valley Bank, the gilt crisis, COVID - every single time.

The Federal Reserve isn't independent. They expand liquidity every time something breaks, then tell you it's about earnings growth.

What you need to do right now:

Stop listening to analysts explain valuations through 1990s logic. Start following the liquidity line - it just keeps going up like the guy on The Price is Right.

I'm making the 80-21-100 trade on quality names I want to own. Here's how it works: I sell a put spread with 80% win rate, target 21% returns, do it 100 times. Instead of chasing momentum with 33% win rates, I'm getting paid while everyone else fights over overpriced calls.

Until they stop printing money - probably late 2026 - this continues. The line keeps going up.

Don't let Wall Street analysts gaslight you about profit margins while they're literally printing your purchasing power away.

I’ll be live with you tomorrow in the pre-market dropping more knowledge. 

It’s free to attend, use this link to RSVP. 

Stay Positive,

Garrett Baldwin