The economic landscape here in the United States has not felt great of late, but Joel Litman believes that’s about to change.

What he’s calling “the Second Declaration” could accelerate efforts to rebuild U.S. energy and manufacturing while reducing reliance on foreign supply chains, especially where real earnings look stronger than reported. 

Moving industry back our way could be a boon for our manufacturing efforts, so I had to find out what’s going on behind the scenes.

In this Joel Litman Second Declaration review, I’ll share what stood out to me and whether the opportunity behind Hidden Alpha deserves a closer look.

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What Is Hidden Alpha?

Hidden Alpha is Joel Litman’s flagship research service at Altimetry, built around his forensic accounting approach to finding companies whose true financial strength may be hidden by standard reporting rules. 

In a nutshell, it points to ventures that are often outside the spotlight and have serious moneymaking potential.

Litman is applying the same accounting framework he has used for years to narrow the field and identify businesses he believes Wall Street is misreading. 

Members receive a fresh recommendation each month, along with an active model portfolio, timely updates, and access to the Altimeter stock-grading system.

With access to each of these features, you can locate your own opportunities while also getting clear insights from the very team that built it.

Litman’s Second Declaration sits on the main stage of the service right now, so I took it upon myself to see why that was the case.

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What Is the Second Declaration? Joel Litman’s $10 Trillion American Rebuild Case

We’ve all felt the weight of businesses moving production overseas. Not only does nothing come with a “made in America” stamp anymore, but the quality has fallen by the wayside.

What’s even worse is that US dollars are building the economies of other countries, and that’s what really gets my goat.

America still owns valuable resources and world-class technology, yet China now refines more than 99% of the world’s heavy rare earths, leaving the U.S. exposed in industries that cannot function without them. 

The writing is clear on the wall – we need to reverse that dependence.

Rebuilding what America lost could send capital toward a small group of strategically important businesses.

The Supply Chain Has Broken in Places America Cannot Ignore

Interestingly, the story here starts all the way back with our founding fathers.

Mercantilism was a big deal back then as well – the forced reliance on a country for goods or services. The British Empire was king.

Once we broke free from those bonds and had the freedom to manufacture on our own soil, America enjoyed centuries of prosperity.

Sadly, those founding fathers failed to put in writing the risks of mercantilism, and history is doomed to repeat itself when we’re not careful.

Fast-forward to present times, and businesses are pushing their processes back overseas, recreating that reliance on other nations to build products and supply components once done domestically.

One example is how America mines rare-earth ore in California, yet that material gets shipped to China for refining before returning as a finished product.

I’ve heard upwards of $10 trillion in US dollars have moved to China alone, and that’s a sobering number.

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Four Industries Could Capture the Rebuild

For what it’s worth, Litman believes we’ve taken a long, hard look in the mirror and realized our mistake.

Our government has been actively buying up American industry to bring work back to our shores, in hopes of restoring the flow of funds in our direction.

What’s even more interesting is that both the elephant and the donkey seem on the same page about this, making it something that could actually stick from one administration to the other.

Government spending creates demand, but stronger-than-reported economics could determine which companies benefit most.

The rebuild, at least according to Joel, depends on four pieces working together: American energy, power infrastructure, industrial robotics, and defense. 

Each of these are mission-critical to America’s future, and bringing them back in-house should give the security and control we desperately need.

My Preferred Way to Play the Second Declaration

Money flowing back into American businesses opens the door for some incredible wealth-giving opportunities, but I would not chase every stock attached to “Made in America” headlines. 

The better approach is to own businesses sitting at unavoidable bottlenecks in power, grid equipment, automation, strategic manufacturing, and defense, while their earning power still looks understated.

That is where Litman’s forensic accounting gives the Second Declaration some real substance, helping identify those opportunities before they go big.

Anyone who wants the specific companies Litman has identified needs a subscription to Hidden Alpha, where the underlying research is available to members.

Next, let’s look at everything included with the service.

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Second Declaration Review: What Comes With It?

Joining Hidden Alpha gives readers a full year of Joel Litman’s ongoing research, plus model portfolio guidance, timely updates, and direct access to Altimetry’s support team. 

One Year Access to Joel Litman’s Hidden Alpha

Every month, Joel Litman sends out a fresh stock recommendation based on the forensic financial data behind his research. 

These insights are different from the content I see in most services I review, largely due to Joel’s forensic background.

I love seeing the data supporting the data, so to speak, but Litman does an excellent job of making it all easy to decipher.

That fits well with the Second Declaration strategy, where many target companies spend heavily on research, grow through acquisitions, or operate under long government contracts. 

Litman believes those traits can make strong businesses look weaker on paper than they really are, which is exactly the kind of gap Hidden Alpha is built to uncover.

Joel Litman’s Model Portfolio

The model portfolio gives you one place to follow Litman’s active recommendations and see which ideas he still considers worth holding. 

That makes the service much easier to use, especially when some positions stay open for years.

Looking at the portfolio, it includes recommendations that have gained as much as 400% alongside several others that have doubled or better while remaining active. 

Not every pick ends up that high, but there is a 24.6% average gain across all positions since inception.

I appreciate Joel’s transparency here, because not every pick will be a winner. It’s nice to see everything at a glance and how the service holds up in real time.

>> Explore Joel Litman’s Second Declaration Picks <<

Mid-Month Updates: When to Hold, Add, or Exit a Position

Throughout the month, Joel’s partner Rob and his team send email updates whenever an existing recommendation needs attention. 

Those messages can tell you when to lock in potential gains, add to a position, or close it altogether.

That ongoing guidance is useful because the monthly issue only starts the process. 

Once you own a stock, you still need to know whether the play remains intact and when Litman’s team changes its view. 

The updates help us stay aligned with the research without having to make every portfolio decision on our own.

Friendly Customer Support

If you have an issue with your membership, it’s possible to reach Altimetry’s Customer Care team by phone Monday through Friday from 9 a.m. to 5 or through email 24/7. This team is helpful for routine account questions, access issues, or cancellation requests. 

You’re not going to get financial advice here, but they can help clear up sticky spots when it comes to accessing a bonus report or login issues.

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Joel Litman Second Declaration Bonuses

These bonus reports put the spotlight on the Second Declaration from multiple angles:

Featured Report: The Second Declaration Portfolio

The Second Declaration Portfolio covers five American companies tied to the first three pillars of the rebuild: energy, the power grid, and industrial robotics.

Three of the five names are tied directly to examples he discusses, and this report gives you the inside scoop on each one.

That includes names, ticker symbols, and the reasons why they’re on Joel’s list so you have a clear investment path if you choose to take it.

Each recommendation is already showing signs of growth, with catalysts in place to cause some serious breakouts.

You won’t find these names in the public eye, allowing you a rare chance to get plugged in early.

Bonus Report #1: Defending America’s Future

Defending America’s Future covers the other half of the Second Declaration: shipbuilding, military drones, and defense-grade AI. 

Litman treats those three areas as one connected defense ecosystem because modern warfare now depends on physical platforms, autonomous systems, and the intelligence layer controlling them.

The shipbuilding side centers on rebuilding domestic yards and long-term Navy contracts already written into defense budgets. 

Drones address another strategic dependency, while defense-grade AI covers autonomous systems, targeting, and strategic analysis. 

There’s a lot of urgency here as the visage of warfare modernizes, but this is one area the United States absolutely can’t rely on other countries for.

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Bonus Report #2: 10 Widely Held Stocks You Should Sell Immediately

Rather than identifying companies on the right side of the Second Declaration, this guide names popular stocks that may be deteriorating beneath otherwise healthy-looking reported numbers.

Joel describes the contrast clearly: a strong business dressed up as a mediocre one can create an opportunity, while a failing business wearing the numbers of a great company can become a trap. 

These are not obscure names either. These names regularly appear in retirement accounts and could send your future funds into a tailspin.

If you’re holding a broad portfolio, this report could be just as useful as the buy-side research because it highlights positions that may deserve a second look before the market catches up.

Surprise Bonus: The Altimeter Database

The Altimeter Database provides access to Altimetry’s forensic stock-grading system. 

You can enter almost any S&P 500 ticker and get an immediate read on whether the company looks attractive through Litman’s adjusted accounting framework.

That makes the Altimeter more practical than a one-time report. 

I often use it to check stocks already in my portfolio, but it’s a great way to screen a company you are considering or compare Altimetry’s view with the standard figures you see elsewhere. 

Since Litman’s whole strategy depends on finding gaps between official numbers and underlying economics, having direct access to that system gives you a way to apply the same lens beyond the official Hidden Alpha recommendations.

Complimentary Bonus: TradeStops Basic

TradeStops Basic comes with a complimentary one-year membership and is designed to make portfolio management more disciplined. 

It can sync with your brokerage account for timely tracking, calculate position sizes based on your preferred risk level, and use its Volatility Quotient (VQ) to create data-driven exit levels for recommendations you follow. 

The goal is to reduce emotional decisions when prices move sharply. 

After signing up, you’ll also receive the TradeStops Daily email newsletter during the free year. 

The bonus is optional, so you can decline it before activation, and TradeSmith provides separate support if you later decide to cancel. 

I see it as a useful companion to Hidden Alpha because it helps with the part that research alone cannot solve: sizing positions and knowing when to step aside.

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Hidden Alpha 30-Day 100% Satisfaction Guarantee

Hidden Alpha comes with a 30-Day 100% Satisfaction Guarantee, giving you a full month to review the recommendations and decide whether Litman’s research fits your needs. 

If you are not satisfied, simply contact Altimetry within 30 days for a full refund. 

Better yet, you can keep all three Second Declaration reports even after receiving your money back.

I wish there was a little more time to pore over the content before making a decision, but it’s definitely better than nothing.

Hidden Alpha Pros and Cons

After reviewing Hidden Alpha and the Second Declaration research, these were the strongest advantages and a few minor drawbacks that stood out.

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Hidden Alpha Track Record and Past Performance

The service has a 24.6% average gain across all positions since inception, with the current model portfolio holding one recommendation up as much as 400%, and several others that have doubled or better.

There are also several named examples behind his forensic accounting strategy, such as Oracle, which climbed as high as 418% after Litman’s system gave it top marks in 2021. 

IQVIA gained more than 218% in just over 12 months, while Benchmark Electronics rose as much as 230% after being recommended around $25 to readers across his services. 

These are publisher-reported historical results, so you’ll have to take them with a grain of salt. Still, it’s encouraging to see what the platform can do.

How Much Does Hidden Alpha Cost?

The current Second Declaration deal gives you one year of Hidden Alpha for $129, down from the regular $499 price. 

That is a $370 discount, or roughly 74% off. Membership also includes the three Second Declaration reports, special updates, Altimeter access, and the other new-member extras covered above. 

After your first year, the subscription automatically renews at $199 per year, plus applicable taxes, unless you cancel at least one day before the renewal date. 

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Is Joel Litman’s Second Declaration Worth It?

My Joel Litman Second Declaration review receives high praise for locating big themes before they take center stage and providing ways to act on them.

The 1776 theme is memorable, but the stronger case is the link between energy security, American manufacturing, defense capacity, and the roughly $10 trillion economic shift Joel Litman expects to unfold as capital moves back toward domestic production.

Hidden Alpha adds value because it gives you a way to narrow that broad theme into specific companies rather than chasing every reshoring headline. 

Between monthly recommendations, bonus reports, and free access to the Altimeter, there’s a lot to work with right out of the gate to pad your portfolio.

At just $129 per year with 30 days to try everything out, it’s a low-risk entry point that most folks can stomach with little issue.

If you already see America’s rebuild as a long-term trend, the current membership is a solid place to build off of.

I’d jump in before the wheels turn any further and you’re left without any ground to stand on..

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