(4/24/23) Earnings Season begins to wrap, as stimulus spending unwinds; when will the economic cycle trough? Earnings estimates for 2024 are starting to ratchet-up again; prepare for the weaker months of Summer; the "crash magnet" is October. The new Biden FHA Mortgage Rule will penalize borrowers with "good" credit with a 1% fee to subsidize borrowers with less-than-optimal credit, helping place them into homes they likely cannot really afford (did we not learn this lesson before??) How is this not a violation of the Fair Housing Act of 1968, and discrimination against borrowers w good credit scores? Earnings Preview: Forward guidance will be critical to markets. Everyone expects Recession; have markets adjusted? What's behind the numbers & annualized data. Preview of "Conviction:" Be careful to not be convicted to ideas backed by flawed analysis). A discussion of Gold: It is not money, it is a commodity.