Ryan Stancil,
Editor
Nov. 12, 2022
Since last week:
The midterms have given us a glimpse at what things may look like for the next two years. If nothing else, Tuesday night showed that anything can happen.
1. Midterms Surprises
Most people didn’t think the midterms would turn out the way they did. As it is right now, it’s looking like the next two years will be more about political gridlock than anything. Between that, the overall down market, and looming recession, it’s up to you to control the path your wealth takes.
2. Solar Powered Parking
France has recently mandated that large outdoor car parks have solar panels installed. The measure will help generate up to 11 gigawatts of power and shows just how trends are changing with relying on renewables. It isn’t hard to imagine other countries adopting measures like this, at which point the companies providing supporting technology will do very well for their investors.
3. Ford’s EV Fleets
Jim Farley, the CEO of Ford, recently remarked that EV demand among commercial customers is actually higher than it is for retail customers. Vans and trucks are being bought up by the fleet and that’s unlikely to change any time soon. That means the demand for the metals that go into these vehicles is only going to continue climbing.
4. Gold’s Comeback?
Earlier this week, gold saw a price surge that put it just above $1,700 as the dollar lost some of its steam. This could very well be a sign of things to come, so you will want to stock up on gold investments as soon as possible.
What to Look For:
The pivot in Fed policy that many thought was coming doesn’t appear to be in the cards just yet. We’re still looking at an environment of ups and downs for the time being.
Ryan Stancil
Editor, Daily Profit Cycle