Americans are finally starting to feel the tariff bite. News this week is that US wholesale prices climbed 3.3% thanks to Trump’s trade war. This news complicates whether or not the Fed will raise interest rates, something that seemed like a near-guarantee in recent weeks. Now it’s a matter of watching upcoming jobs data. Either way, this kind of environment was an inevitability, but you can protect your portfolio against it. Click here to learn how.
The Department of Energy announced that it intends to fund domestic mining and mineral supply chains to the tune of $1 billion. It wants to do this across all aspects of the supply chain, from mining to manufacturing, in order to lessen the country’s dependency on foreign sources. This is the kind of direct action that is playing a large role in fueling the commodity bull market unfolding in front of us. Investors are piling in. Click here to learn about what companies are positioned to be big winners because of news like this.
The Department of Energy also announced that it has selected 11 advanced reactor projects for its Nuclear Reactor Pilot Program. This is the program that will expedite testing of new reactor designs in an attempt to help introduce more nuclear power into the country’s energy infrastructure. That means more demand for uranium and more profit for investors who buy into the right suppliers. Click here to learn more about what names should be in your portfolio.
Ethereum prices have been soaring over the past week, moving past $4700 and coming very close to all-time high prices. Companies have been adding it to their coffers and moving to hold it for the long-term, a signal that there is plenty of faith in the number two cryptocurrency. This could be a signal that altcoin season is coming. Click here to learn more about that and how you can benefit.
The sting of tariffs is only just now beginning, so it could hurt a lot more in the coming weeks.