A homeless-looking man with a thick European accent walked in holding a $600,000 personal check... Before that, I was having a normal workday in 1998.

How I Helped Turn $600,000 Into $20 Million in Just a Few Years By Pete Carmasino, chief market strategist, Chaikin Analytics A homeless-looking man with a thick European accent walked in holding a $600,000 personal check... Before that, I was having a normal workday in 1998. I worked as a broker-dealer in those days. My company had several offices around the country. Our branches were typically in towns with a lot of high-net-worth residents. Folks would often come in to talk. And we hoped they'd trust us to manage their money. We would assign a "Broker of the Day" to chat with all the walk-ins. That didn't happen when this homeless-looking man came in, though... He was an older man – likely in his 70s. We could see his old Buick parked outside. And his tattered Members Only jacket and drab clothes made it seem like he didn't belong there. The Broker of the Day didn't want to talk to this man. Nor did anyone else. They all thought this guy was homeless, crazy – or both. And they had trouble understanding him. So as our branch's manager, I had to go over and meet with the man. I invited him to chat with me in our conference room. I figured that I could hear his story in private, politely tell him we couldn't help, and walk him to his car. My co-workers watched us through the glass windows. I could see them laughing among themselves about how they had stuck me with this man. But I'm sure glad they did... You see, if they had heard what I did in that conference room, it would've floored them. Recommended Links: Former Goldman Trader Unveils "Perfect Election Trade" Over the last three Presidential races, it's delivered 55 winners and ZERO losses to his readers. And he's predicting 2024 could be its most successful year ever. Find out the secret to adding as much as $4,000 to your income every month, no matter who wins the White House. Just go here now. The Big AI Secret No One's Telling You – These Stocks Are soaring 40% of "AI" companies don't even use AI... and many AI companies have no gains whatsoever. But AI is transforming one secret group of companies, practically overnight. Already, 50 stocks in this sector have shot up 100% or more in just 90 days. Professor Joel Litman explains everything... including the surprising group of stocks moving higher, and his No. 1 favorite stock in this space. Click here to access. This man was far from homeless. He had recently retired as a head scientist at ExxonMobil (XOM). He even showed me his old badge to prove it. He mentioned he still did some consulting work. But at his age, he wasn't doing much at all.  Truth be told, a part of me still didn't believe that the man's check was real. But I wanted to do best by my potential new customer. So I opened his account and asked him how much he wanted to deposit. That's when he handed me the $600,000 check. The rest of the office took bets on whether the check would clear. A few days later, it did. Here's where the story gets even more exciting... About a year before the man came into my office, OPEC increased oil production by 10%. The oil cartel made this calculated move as demand for oil was declining. And it was around the time of the Asian currency crisis. So the global markets were enduring a lot of volatility. With more supply and less demand, oil prices plummeted... In turn, oil stocks got crushed. It's hard to be profitable with oil at $10 to $12 per barrel. Now, as a retired scientist at ExxonMobil, my new client knew the oil market better than anyone. And near the end of 1998, he called me from somewhere in the Middle East... He had a laundry list of oil-related names. And he wanted to start buying when he returned from his trip. I was shocked... All the oil-related stocks looked terrible from a chart perspective. I didn't see anything except bad news ahead. And most of Wall Street was avoiding these names. I tried to encourage the man to hold off. I thought we should wait for a better setup. But just like the first day in my office, he wouldn't budge. Again, he was spot on... The next big run in oil stocks began slowly. It wasn't a straight line up. And as you'll recall, at this point in the late 1990s, most investors cared more about the dot-com boom. But by the end of 1999, oil prices surpassed their 1997 levels. Suddenly, oil traded at more than double its 1998 bottom. In turn, the prices of most oil-related stocks ripped higher. And folks, the man and I weren't just buying a few thousand shares. We were taking portfolio-manager-sized positions. I'm talking about 10,000 to 50,000 shares at a time. The firm I worked for, like most firms, had a floor broker. He represented our firm on the New York-listed stocks. I became his top broker in oil stocks at the New York Stock Exchange for a few days. And he made sure to have me call ahead to let him know I was "bringing size" to the market. After all, I didn't want to move stock prices too much by just sending in a market order. Also, none of these stocks' market caps were as big as they are today. The man's account grew from $600,000 to $20 million in just a few years. It was a nerve-wracking experience. But it was also the most fun I ever had in the business. In the end, I learned more about the mechanics of the markets from a man who walked in off the street than from anyone on Wall Street. I know that's hard to believe. But it's true. You see, he told me one thing. With his strong accent, he said something like...   Peter, not you, or your children, or your children's children for the next several centuries, will run out of oil. The Earth is the largest producer of oil, not man. There will never be peak oil. Folks, the past four years have proved that... The COVID-19 lockdowns halted business everywhere in the spring of 2020. As a result, the price of oil briefly went negative. And yet, not even that craziness could eliminate the stuff. The fact is that we can't ignore energy-related names today – whether they're in fossil fuels or renewables. Our dependence on more power generation isn't going away. It's increasing. That's why I'm paying attention to the energy and oil space. And I recommend you do so too. Good investing, Pete Carmasino Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 +0.11% 8 20 2 S&P 500 -0.19% 109 308 81 Nasdaq -0.57% 16 66 18 Small Caps -0.11% 270 1163 473 Bonds -0.52% — According to the Chaikin Power Bar, Small Cap stocks are somewhat more Bearish than Large Cap stocks. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Utilities -0.39% Staples -0.55% Health Care -1.83% Financial -1.85% Materials -2.74% Communication -2.78% Industrials -2.85% Energy -3.94% Discretionary -4.89% Real Estate -5.02% Information Technology -5.81% *  *  *  * Industry Focus Semiconductor Services 6 30 3 Over the past 6 months, the Semiconductor subsector (XSD) has underperformed the S&P 500 by -3.22%. However, its Power Bar ratio, which measures future potential, is Strong, with more Bullish than Bearish stocks. It is currently ranked #7 of 21 subsectors and has moved down 5 slots over the past week. Top Stocks QCOM QUALCOMM Incorporate NVDA NVIDIA Corporation MU Micron Technology, I *  *  *  * Top Movers Gainers GPC +11.22% UAL +5.5% EL +4.9% ALL +3.8% SOLV +3.69% Losers LVS -8.66% EFX -8.49% SNA -7.67% HCA -4.51% UHS -3.99% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close AXP, FITB, HBAN, RF PG, TRV KMI SLB EFX No earnings reporting today. Earnings Surprises BX Blackstone Inc. Q1 $1.11 Beat by $0.16 NFLX Netflix, Inc. Q1 $5.28 Beat by $0.74 DHI D.R. Horton, Inc. Q2 $3.52 Beat by $0.45 ISRG Intuitive Surgical, Inc. Q1 $1.50 Beat by $0.08 MMC Marsh & McLennan Companies, Inc. Q1 $2.89 Beat by $0.09 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at punjabsvera@gmail.com. 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