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

Is the Downturn Ahead?

Since last week: 

Recent Fed actions had traders on edge for the beginning of what may be a downturn.

1. The Market’s Bad Week

Promise of a future rate hike along with increasing potential for a government shutdown capped off a losing week for the market. This could be the biggest signal that a turnaround in fortunes is here. Learn how to protect yourself as things begin to shift. 

2. More SEC Charges Coming?

Even with recent legal setbacks, the Securities and Exchange Commission isn’t done going after cryptocurrency exchanges. The office that handles crypto enforcement has stated that other exchanges are straying from the law and it fully intends to go after them. It’s an ongoing story anyone interested in crypto should stay on top of. Find out how crypto expert Chris Curl can help you do just that. 

3. Nuclear Ships

Shipping accounts for nearly 3% of global CO2 emissions, so the industry is looking for ways to lower that output. One possible solution is nuclear-powered ships. This is increasingly possible thanks to smaller, mass-produced reactors. If the industry decides to take this route, it would still be years before the first ships sail. But discussions are happening and uranium will be needed if it becomes reality. Find out what uranium names to buy to take advantage of these shifts. 

4. Solar in the Arctic

The northernmost solar farm in the world just went online in Norway. It was installed by state-owned energy company Store Norske Energi at Isfjord Radio on the island of Spitsbergen. It will largely replace diesel use, reducing emissions by 70% on the island. This is the start of a plan to potentially outfit many remote, off-grid communities throughout the arctic with renewable energy. These plans rely on there being enough copper to go into the panels and other tech that would make it possible. Learn more about how one company and its investors will be able to profit from this increased copper demand.

What to Look For:

Student loan payments are back soon and gas is going up. Look for the downside to get deeper.

Ryan Stancil
Editor, Daily Profit Cycle