Ryan Stancil,
Editor
Oct. 8, 2022
Since last week:
The major indexes attempted a spirited comeback, recovering some of the losses of prior weeks. But, as expected, it’s all fizzling out now in the face of rising debt loads and the specter of additional rate hikes.
1. $31 Trillion
The country’s debt has ballooned to $31 trillion and doesn’t seem to be slowing down any time soon. Pretty soon, the US may end up spending more on interest payments than anything else. That means less money to go around for the things people actually need. It’ll be more important than ever to take your financial freedom into your own hands when that happens.
2. The Picks and Shovels of Nuclear
The world knows it needs nuclear, so new technologies are being developed to help meet demand. That means demand for nuclear power equipment is set to climb too. The nuclear power plant equipment market is expected to grow to almost $39 billion by 2030. As all of this new equipment comes online, the countries that run the plants are going to need uranium to power it all.
3. Gold’s Resilience
Investors are starting to wake up to how risky markets are getting and how this will likely be the status quo for the foreseeable future. That’s why gold prices have been slowly ticking up over the past week. Now is the time to take advantage of that trend because market volatility is increasingly going to be the norm.
4. Renewables Meet Demand
Renewables are proving their worth. In the first half of 2022, renewable energy sources met the rise in global electricity demand. That means coal and gas generation didn’t grow. It was instead done mostly through wind and solar with some hydro power. That’s an especially important development as several nations are in the grips of energy crises, and it proves just how profitable things are going to be as we revamp our energy infrastructure.
What to Look For:
Russia and Saudi Arabia have cut oil production so prices are going to start going back up. You might also hear more about the national debt as the number begins to press against the debt ceiling. And all of this is happening just as we head into midterms.
Ryan Stancil
Editor, Daily Profit Cycle