Biden's new Inflation Reduction Act is beginning to change the EV industry in the U.S. The legislation allows tax benefits for EVs manufactured within the U.S. And Honda's already on the move … Oil prices cooled off a bit since June. But already there are fears of scarce supply and higher prices in the future. It seems we're attempting a massive shift toward electric vehicles. California announced a future ban of gas-powered vehicle sales. More on that story here … The industry is growing daily. And it's essential to keep an eye on which direction the money flows. That's how we find profits. |
Last weekend the FED held their annual Jackson Hole meeting. The world's leading economists and largest policymakers attended. And it looks like there are more interest rate hikes ahead. Here's the full story. It's not that surprising … last month inflation fell to 8.5%. The U.S. is doing a lot better than the U.K. but there's still a ways to go. Usually, we aim for inflation of 2 - 3% The market wasn't very pleased … it fell off a cliff last Friday. Here's a chart … |
Luckily, there are still quite a few tickers in motion today. The meme mania is far from over … - Bed Bath & Beyond (NASDAQ: BBBY)
- Weber Inc. (NYSE: WEBR)
And IPOs are as volatile as ever … - Green Globe International, Inc. (OTC: GGII)
- Starbox Group Holding Ltd. (NASDAQ: STBX)
There's still a lot of opportunity for traders. |
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