Stocks slid earlier in the week on disappointing economic news, only to recover when Chairman Powell hinted that he would be open to rate cuts in September. This kind of up-and-down movement in the markets puts traders on edge, but it doesn’t need to be this way. This is a perfect example for why you need to build a portfolio that withstands downturns like this while outpacing the broader market. You can learn more about how to do that by clicking here.
That same economic news caused gold to move up and down. The downward trend wasn’t too substantial, and where things stand now presents a strong buying opportunity for traders to get in on an asset that has every reason to go up in the coming years. Click here to learn about what you should be buying in the gold space.
4. Google Pushes Nuclear
Google signed a deal with Kairos Power and the Tennessee Valley Authority to supply 50 megawatts of nuclear power to data centers in Tennessee and Alabama. The delivery is set to begin in 2030 and shows how serious companies are about adopting nuclear power as the energy of the future. That’s going to cause demand for uranium that powers these nuclear plants to be strong for years to come. Click here to learn about the uranium miners that will provide the fuel and how you can profit from them.
As we get closer to September, the economic environment will dictate whether rate cuts will be viable.