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

Vanishing Money and Holy Rollers

Since last week: 

An ongoing oil price slump is just one sign that the economy is cooling. 

1. Vanishing Assets

How many Americans are in a worse financial position now than they were before the pandemic? According to a recent Federal Reserve study, it’s as high as 80%. Savings have evaporated and people have fewer liquid assets. Nick Hodge’s recent issue of Foundational Profits is timely because it talks about how to strengthen your financial security in an environment like this. Read the details by clicking here. 

2. Bitcoin at 38k

Federal regulators delayed the decision on whether to approve two Bitcoin spot ETFs, but that didn’t stop the coin from reaching a price of $38,000 earlier this week. This is just a taste of what lies ahead when the rally takes off. Chris Curl has the details on how to get positioned before that happens. Click here to read more. 

3. COP28

The US and China have agreed to work together on addressing human-caused climate change. This includes things like tripling renewable energy capacity globally by 2030. This is another sign that the era of fossil fuels is coming to an end. Demand for the raw materials essential to renewable power generation is going to skyrocket. Click here to learn how you can profit from that. 

4. The Vatican’s EV Fleet 

The Vatican signed a deal with Volkswagen to convert its car fleet to all-electric by 2030. The statement that accompanied the announcement also mentioned plans to build a charging network. This just shows how far the demand for lithium, which powers EVs, will reach. Click here to learn how to profit from it. 

What to Look For

Inflation has slowed, causing some economists to cheer, but consumers are still not optimistic. This could weigh on the holiday shopping season and the numbers that come from it. 

Keep your eyes open,
 

Ryan Stancil
Editor, Daily Profit Cycle