There’s a number policymakers are watching right now – but you won’t hear it on CNBC.

Behind closed doors… this number is everything: 4.4%.

That’s where the 10-year Treasury yield starts to break the system.

You can see it in real time.

Every time yields approach that level…

• Military action pauses…
• Ceasefire deadlines get extended...
• And suddenly, we hear about “productive talks”

This is not diplomacy. It’s damage control.

Once yields push higher…

The cost of servicing $39 trillion in U.S. debt starts to spiral.

At 5%, it becomes mathematically unsustainable.

My name is Garrett Goggin.

Porter Stansberry recently called me: “THE most knowledgeable gold investor in the world today.”

I don’t take that lightly.

Because what I’m revealing to the world is the clearest signal of danger to our entire way of life I’ve seen in my 20+ year career.

Here’s the problem:

The forces pushing yields higher aren’t going away.

• Foreign buyers are stepping back from buying US paper...
• Oil is beginning to settle outside the dollar…
• Demand for Treasuries is weakening at the margins…

The 4.4% line will eventually break – and when it does…

There’s only one response available…

The Federal Reserve steps in. Aggressively.

Which means printing.

That’s when the shift happens.

Because once markets realize the Fed is funding the system…

Confidence in the currency becomes the only pillar holding up the system.

When confidence cracks… gold moves. Not all at once, but gradually, relentlessly and then… suddenly.

Go here now to see the top four gold miners positioned for what comes next.

Here’s what most investors will get wrong:

Gold is already pricing this move in. So, if you missed gold’s move past $4,800 and beyond, it’s too late to buy it at today’s prices. But you have NOT missed out.

Because certain miners are still valued as if gold were under $2,000…

That gap is where the real opportunity sits today.

Go here to see the four best miners positioned for the coming breakdown of the US dollar.

To your wealth,

Garrett Goggin, CFA, CMT
Lead Analyst and Founder, Golden Portfolio

P.S. 4.4% is the line holding the system together — and it won’t hold forever. When it breaks, gold moves fast. Go here to see my top four miners leveraged to that move.

These 3 Water ETFs Could be Quiet Winners From Infrastructure Spending

Author: Nathan Reiff. Article Posted: 7/14/2026.

Data centers face sharp criticism for their high water usage, but the impact on the broader water industry—and for investors—is also tied to infrastructure bottlenecks, regulation, and emerging technologies, among other factors. Utilities companies must navigate major changes when hyperscalers enter their territory. In some cases, a new data center operator can quickly become one of the region's largest customers. Water infrastructure providers of all kinds, from treatment plants to pipeline operators to storage businesses and beyond, are facing new capacity challenges.

The landscape is shifting quickly as regulation struggles to keep pace with new investment and new companies. Entire geographies may even emerge as potential winners. For investors, one of the safer ways to approach the water industry in the age of AI is through exchange-traded funds (ETFs), which can help spread risk and provide broader access to the sector. However, not all water ETFs are the same, and investors may want to begin their search with proven winners like the funds below.

A Play on Potable and Wastewater Remains Niche for Now

ALERT: Drop these 5 stocks before the market opens tomorrow! (Ad)

The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings research points to the first half of 2026 as a particularly rough stretch for certain holdings.

Some of America's most popular stocks could take serious damage as a radical market shift plays out. Analysts at Weiss Ratings have identified five names you may want to remove from your portfolio before this unfolds.

If any of these are in your portfolio, now is the time to review your positions.

See the 5 stocks to avoid

A modified market cap-weighted fund, the First Trust Water ETF (NYSEARCA: FIW) has a special focus on the potable water and wastewater industries. Companies in the portfolio must be of sufficient size and have adequate liquidity, among other factors. The result is a streamlined basket of around three dozen stocks, with no single name accounting for more than about 5% of the portfolio. Despite its relatively niche approach, FIW is not as highly concentrated as investors might expect.

Potable water and wastewater may not seem like exciting areas of investment, but these spaces could become increasingly important globally as climate change, shifting populations, and other stressors strain existing systems. Data center growth may exacerbate or accelerate that trend.

Still, FIW remains a specialized fund with a fitting level of investor interest: it has an asset base of around $1.8 billion and modest average trading volume. Because many of the fund's holdings are in the utilities sector, which is known for dividends, it does pay a dividend yield of 0.72%. However, the fund's year-to-date (YTD) performance has not matched the broader market, and given FIW's 0.50% expense ratio, that may be a dealbreaker for investors who do not expect water industry spending to increase.

A Generalized Water Fund, But Investors Should Watch for Diversification and Fees

The Invesco Water Resources ETF (NASDAQ: PHO) is the largest and most heavily traded fund on this list, although its assets under management (AUM) still hover around $2 billion, and its average trading volume remains modest compared with many funds in other areas. One reason for PHO's appeal is its generalist approach, which includes many different types of water industry companies. Investors can use it for easy access to water utilities, infrastructure, equipment, materials, and many other types of firms.

That said, PHO is not especially diversified, with only 40 total positions in its basket of U.S. equities. This means that a handful of companies, including Ecolab Inc. (NYSE: ECL) and IDEXX Laboratories Inc. (NASDAQ: IDXX), carry mid- to high-single-digit allocations, leaving the fund heavily exposed to a relatively small group of companies. The top 10 positions represent well over half of invested assets, making PHO susceptible to volatility in its largest holdings. On top of that, the fund has a relatively high expense ratio of 0.59%, which may discourage cost-conscious investors.

Another Broad Option, But Concentration Remains a Concern

Coming in just one basis point cheaper than PHO, with an expense ratio of 0.58%, is the Invesco S&P Global Water Index ETF (NYSEARCA: CGW). This fund also takes a broad approach within the water industry, including a variety of companies involved in infrastructure, utilities, equipment, materials, and more. Its portfolio is broader than PHO's, with 67 positions. However, the largest holdings in CGW's portfolio also carry high allocations of just under 8% each, so concentration may still be a key factor for investors.

With a dividend yield of 1.52% and YTD returns better than both of the ETFs above, CGW may stand out for its recent performance. Still, like the other funds on this list, CGW is likely to be most attractive to investors who believe shifting demand and usage trends for water will drive more business for companies already active in the industry.

Otis Took Another Guidance Cut—But the Story Isn't Over

Author: Chris Markoch. Article Posted: 7/23/2026.

Otis Worldwide (NYSE: OTIS) just gave income investors a gift wrapped in a sell-off. Shares dropped more than 2% the day the elevator giant reported Q2 2026 earnings.

The company met expectations with adjusted earnings per share (EPS) of $1.01. Then management trimmed its profit outlook for the second consecutive quarter.

ALERT: Drop these 5 stocks before the market opens tomorrow! (Ad)

The Wall Street Journal is already raising the alarm about a potential market crash, and Weiss Ratings research points to the first half of 2026 as a particularly rough stretch for certain holdings.

Some of America's most popular stocks could take serious damage as a radical market shift plays out. Analysts at Weiss Ratings have identified five names you may want to remove from your portfolio before this unfolds.

If any of these are in your portfolio, now is the time to review your positions.

See the 5 stocks to avoid

But look past the short-term outlook, and a different story emerges. Sales are growing, the backlog is the strongest it's been in years, and the company’s dividend keeps getting bigger.

For investors willing to separate this quarter's cost pressure from next year's payoff, Otis looks less like a broken story and more like a company in the middle of a renovation.

Otis Earnings Show Strong Sales, But Margin Pressure Persists

Net sales in the quarter climbed 7% year-over-year to $3.86 billion, with organic growth of 6%. Service, which is Otis's highest-margin and most durable business at 94% of segment operating profit, grew organic sales 9%. Modernization orders were up 24%, and backlog rose a striking 26% on a constant currency basis. That backlog figure is a leading indicator of revenue that Otis hasn't even booked yet.

That was the good news. The bad news showed up in margins. Adjusted operating profit fell to $587 million from $612 million, and adjusted operating margin contracted 180 basis points to 15.2%. Adjusted EPS, as noted earlier, came in at $1.01, down from $1.05 a year ago. New Equipment was the drag. Sales were flat, but operating profit fell 41% as new-equipment sales in China declined in the "high teens" and productivity investments weighed on margins.

Why Otis Lowered Guidance Despite Solid Revenue Growth

Otis didn't touch its sales outlook. Total net sales guidance remains at $15.1 billion to $15.3 billion, still framed as "up low to mid-single digits" organically. What changed was cost: management now expects constant-currency adjusted operating profit to fall $45 million to $15 million for the year, versus a prior call for growth of $20 million to $60 million. Translate that to EPS, and 2026 guidance lands at $4.01 to $4.05, essentially flat with 2025's $4.05.

The culprit is a familiar one this earnings season: labor and material cost inflation outrunning pricing gains in the near term. The cut is also tied to $20 million in spending to balance micro-pricing against customer retention, and $50 million in productivity and field-cost initiatives that management is choosing to absorb now rather than defer.

Why OTIS Still Appeals to Dividend Investors

Otis raised its dividend by 5% this quarter and still repurchased approximately $400 million in stock. That brought year-to-date buybacks to approximately $800 million. That’s unchanged from the company’s prior guidance despite the profit cut.

Adjusted free cash flow guidance did dip slightly, to $1.5 billion to $1.55 billion from $1.6 billion to $1.65 billion, but management isn't pulling back capital returns to fund the investment cycle. That should reassure investors that Otis is treating margin pressure as a controllable, temporary cost of building future capacity, not a sign of a deteriorating business.

The bet for income-oriented investors is straightforward: get paid a growing dividend to hold through a period where Otis is reinvesting in service quality, pricing discipline, and a backlog that's already up 26%. If modernization and repair volumes convert that backlog into revenue as planned in 2027, today's margin trough could become tomorrow's operating leverage.

The Biggest Risks Facing OTIS

Two consecutive guidance cuts on profitability is not nothing, and "flattish EPS" for a full year is a tough sell to growth investors. Labor and material cost inflation could persist longer than management expects. Also, a slowdown in its New Equipment business, particularly in China, where organic growth fell more than 20% in the first half, remains a genuine drag with no clear inflection point yet.

Otis Stock Tests Key Support After Earnings

The chart tells a story of a stock that's still looking for a bottom. OTIS peaked near $96 in February 2026 and slid roughly 27% to a low near $70 by June, well below its 50-day SMA, which currently sits at about $72. That’s right where July 22's intraday decline stalled, with a high of $72.26, before reversing to close at $70.25.

The relative strength index (RSI) reading of 41, below its own 14-period average of 51, shows momentum has rolled over again after a brief attempt to reclaim the 50-day line in July. It's not oversold territory yet, but it's a stock that has repeatedly failed to hold above its 50-day average since March. This is a level bulls will want to see reclaimed and held before calling this a real turn.

OTIS chart displaying a price floor around $72, with RSI of 41.

For now, OTIS looks like a name in a basing pattern: beaten down, dividend-supported, and waiting on either a cost inflection or a technical breakout to confirm the next leg. But investors with a time horizon of more than 12 months may be rewarded as the company’s backlog drives future earnings growth.