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

Safeguard Your Wealth As Sentiment Turns Sour

Since last week:

Economic data is coming in and it’s painting a grim picture. The downturn could finally be here. 

1. Everything is Down

Layoffs are hitting tech, the market had a terrible day on Wednesday, and retail sales were down for the month of December. In all likelihood, this is just the beginning. Take the steps to safeguard your wealth now. 

2.10%

The rise of electric cars continues. In 2022, EVs made up 10% of car sales worldwide. 7.8 million were sold, a 68% increase from 2021. That number is only going to keep going up, so car companies are scrambling to secure lithium. That’s nothing but good news for lithium miners and those who invest in them. 

3. Canada Warms Up to Nuclear

More Canadians are in favor of nuclear power. In a recent poll, 57% of people who responded said they’d like to see more development for nuclear power generation. Attitudes are shifting and uranium miners and their investors are going to come out the winners because of it. 

4. Bitcoin’s Back? 

Bitcoin’s price has climbed and crowd sentiment is improving. Whether it sustains this momentum or starts pulling back, it shows just how you can make money in the sector in a short amount of time if you time it right. All you need is the right guidance. 

What to Look For:

Recessions fears are mounting, so expect to see a prolonged downturn in sentiment. There’s no telling how long it will last, but there doesn’t seem to be any avoiding it now. 

Ryan Stancil
Editor, Daily Profit Cycle