Categories: General Market Commentary- DPC
Topics: General Market Commentary- DPC

Delinquent Debts and Crypto’s Recovery

Since last week: 

Crypto has come roaring back and the reality of economic volatility is setting in.

1. Delinquent Debts to Come

It’s only a matter of time until the student loan repayment pause comes to an end, and that has borrowers worried. As those payments, some in the hundreds-of-dollars-per-month range, return, many borrowers could fall behind on other bills like credit cards and car loans. This is just another sign that the hard times have only just begun and you should prepare accordingly. 

2. Is Crypto Back?

Cryptocurrencies across the board reversed their misfortunes over the past week, with prices climbing after recent slumps. Some of this had to do with Blackrock, the world’s biggest asset manager, announcing a plan to create a Bitcoin ETF. Deutsche Bank also applied for a license to provide crypto custody services. Now it’s time to see if this momentum will hold up. Here’s some insight into what you should be buying.

3. Ford’s $9.2 Billion Boost

Ford wants to catch up to China and the government wants to help. That’s why it gave Ford a $9.2 billion loan to construct battery factories to help along its EV plans. With this, Ford plans to make up to 2 million EVs by 2026. This is just another sign that lithium miners are going to be some of the biggest winners in this fight. 

4. Wyoming’s Uranium Rush

Wyoming, once a thriving hub for uranium production in the US, is looking to get back to its old ways. A company called Peninsula Energy is planning to ramp up its production since the price of uranium has gone up in recent years and is likely to continue climbing. It’s just one of many in the state looking to expand operations, and this is a trend that’s spreading among domestic producers. As nuclear power becomes more acceptable, this is only going to become more common, and it will be one of the best investments you can make. 

What to Look For:

The official word is that the chance of a recession has gone down, but not away. We’ll have to see how reality shapes up in the next few weeks and months.

Ryan Stancil
Editor, Daily Profit Cycle