Luma Market Update – 5/23/2022

Albert Lu

Luma Market Update – 5/23/2022 (6 min)     TRANSCRIPT OPEN Investors feeling a lot of anxiety right now… and for good reason. Let us look at what happened and what may lie ahead. From Luma Financial, this is your Market Update. Hello, this is Albert Lu coming to you from Southern California. Today is Monday May 23. INTRODUCTION U.S. markets closed higher today. Heavy selling last week combined with…

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Update: MGM Growth Properties

Albert Lu

On Wednesday, VICI Properties announced it was acquiring MGM Growth Properties (MGP:NYSE) for $17.2 billion, a 16 percent premium on MGP’s Tuesday close. Shareholders of MGM Growth Properties will receive $43 in newly issued Vici stock for each Class A share. MGM Growth Properties is a REIT that spun-off from MGM Resorts (it’s largest tenant). It’s portfolio includes Mandalay Bay, the Luxor and the MGM Grand, all on the Las…

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Update: Steve Todoruk

Albert Lu

I had the opportunity to catch up with Steve Todoruk, whom you all know. Steve gave me a very valuable update on my mining portfolio. I encourage you to watch this and contact me, or Steve directly, with any questions. Please note that this is a private conversation intended only for the original recipient list. I request that you please do not share. Click to play video: Steve Todoruk  …

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Event: The Rule Symposium on Natural Resource Investing

Admin

Dear Client, The Rule Symposium (formerly the Sprott Symposium) will be taking place online, July 15-17. We have a number of excellent speakers lined up, including the CEOs of major junior mining companies and several best-selling authors. If you would like to attend as my guest, please use the attached VIP link. I hope to see you there. Best regards, Albert ps. If you cannot attend you can still watch…

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Letter to Clients: New information on de-linking your account

Admin
Albert Lu

Dear Client, Some of us, including me, have experienced difficulty de-linking our accounts from Sprott Asset Management because we submitted an old form to Interactive Brokers. If you are among the effected, please resubmit your request (by email) using the updated form below. Please don’t forget to include a copy of your government ID. DELINK form 6-10-21 Requests to de-link are processed over the weekend. Please contact me with any…

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Letter to Clients – June 2021

Albert Lu
Albert Lu

Interactive Brokers has provided a new form to request de-linking from the old financial advisor. Please use this form if you have not yet de-linked your account.  DELINK form 6-10-21     Dear Investors, I’m happy to inform you that preparations for Luma Financial are moving along nicely. At this time, I encourage you to de-link your Interactive Brokers account from Sprott Asset Management but submitting the attached form directly…

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Market Commentary – May 18, 2021

Albert Lu
Albert Lu

May 18, 2021 US INFLATION RISES TO 13-YEAR HIGH Recent headlines are all about the rise of inflation, and I don’t expect it to stop anytime soon. Here are just a few headlines from the last 24 hours. https://www.wsj.com/articles/inflations-magic-number-is-four-11621355006 https://www.bloomberg.com/news/articles/2021-05-17/inflation-rate-2021-and-shortages-companies-panic-buying-as-supplies-run-short https://www.ft.com/content/9935be40-d041-4b7d-acac-4d86f3c25100 https://finance.yahoo.com/video/going-see-higher-inflation-numbers-192846353.html https://finance.yahoo.com/news/home-depot-q-1-sales-and-profits-lifted-by-skyrocketing-inflation-182424800.html It seems the nonstop monetary stimulus, which accelerated during the pandemic, has finally caught up with us. Recent data confirm the U.S. rate of inflation rose to…

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