Most Americans Are Barely Getting By

Since last week: 

As inflation cools, American consumers are still feeling the pinch. 

Most Americans Are Barely Getting By

1. 61%

Even with inflation cooling, 61% of Americans are living paycheck-to-paycheck. It’s getting to a point where budget shortfalls are having to be made up by credit card debt and pulling from savings. Further rate hikes could make this an even bigger issue. That means developing your own strategies to guard against wealth erosion. 

2. Texas Solar

Texans have found themselves under an unrelenting heat wave, causing a spike in energy demand to keep cool. This has led to 30 to 40% of power needed to keep cool being made up by renewables. Solar power has been gathering a lot of that energy, and this could show why demand for solar power is only going to go up. Those solar panels are going to need copper in order to work, which means there’s profits to be made from that increased copper demand. 

Check out our latest free research reports for in depth analysis on specific market trends. View Reports

3. Crypto Delisting

Prior to filing a lawsuit against Coinbase, the US Securities and Exchange Commission asked the exchange to halt trading of all cryptocurrencies except Bitcoin. That made the choice to fight the suit easy as compliance would have likely irreparably damaged the cryptocurrency industry. These are the kinds of developments crypto investors should keep a close eye on as they can help guide you on how to play the sector. 

4. America’s Newest Reactor

The Unit 3 reactor at Plant Vogtle near Waynesboro, Georgia, has started commercial operation. That makes it America’s first new nuclear reactor in almost seven years. This is a milestone for the nuclear industry and could serve as a prime example for nuclear power as a viable alternative to fossil fuels. That means increased uranium demand and more profits for the people who invest in uranium. 

What to Look For:

Even if economists are feeling good about a soft landing, consumers still have less to spend, and that could still spell trouble ahead for the economy.

Check out our premium publications for more trading recommendations and exclusive coverage on the markets. View Publications
Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle