 | This isn’t a pleasant market to trade.
After enjoying an epic two-month rally, the S&P turned lower in mid-August and is closing in on lows for the year.
While the macro environment looks terrible, the electric vehicle (EV) mega trend will continue to expand.
EV demand was already growing at a fast clip long before 2022. These innovative autos were almost nonexistent a little over a decade ago. They were out there, but no one called them “trendy.”
Today, electric and hybrid vehicles make up a combined 13% of all cars and trucks sold in America.
High fuel prices have a way of spurring consumers into cheaper alternatives. And this was before the Inflation Reduction Act (IRA) made every qualifying vehicle $7,500 cheaper due to the tax credits.
About that… Suggested Stories: Mine Gains With 98-Rated Coal Power Stock!
How to Face the Bear With Cautious Optimism
| This "World's Most Admired" company's stock would be a bargain at $50...
Today it's just $2!
Plus ... a key announcement in December could send it ROCKETING skyward... | |
Chart of the Day There is some good news for homeowners hidden in the latest report on home sales.
It showed that the number of existing home sales fell 0.4% in August.
That was better than the 2.9% drop economists expected.
Stronger sales numbers might be related to the small August dip in mortgage rates.
But there's something hidden in today's chart.  Suggested Stories: Unemployment Rate Could Top 9% in the Next Recession
Not Every Future-Proof Dividend Is a Buy Now (Avoid One Tech REIT!)
| Because, as Putin declared, the nation who leads this new tech will be “the ruler of the world.” That’s why members of Congress on both sides of the political aisle have called this “the dawn of a new technological revolution.” “The most important issue facing us” today. And “the future of America.” Going as far as to state: “There may not be a single technology that will shape our world more in the next 50 years.”
And right now, I’m spilling the beans on this breathtaking story … because of its potential to radically create more wealth than perhaps all the fortunes created over the last 150 years. | |
| 
1960: It was a historic moment for television and American politics as the first televised U.S. presidential debate was broadcast across the nation. Seventy million viewers watched the first in a series of debates between presidential candidates Senator John F. Kennedy and sitting Vice President Richard Nixon. | |
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