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Monday, a heat dome settled over the country shattering temperature records. But plants & house pets aren’t the only things experiencing exhaustion. That same day, the S&P 500 shed another 1.29%.
This week, I’m going to tell you how the nation’s tied to the world’s favorite precious metal: gold.
I’ll make my case in three charts.
With inflation at an all-time high, a catalyst is needed for the crypto market to finally experience the relief rally so many have been waiting for.
Companies know how to capitalize on our vices. Alcohol, junk food and tobacco are considered essentials, and of the S&P 500’s 11 sectors, consumer staples have performed best over the past 3 months.
The S&P 500 lost 20.6% in the first half of 2022, its worst start to ANY year since 1970 when the Beatles disbanded, Nixon was in office & the crew of Apollo 13 aborted their mission to the moon.
The Abu Dhabi National Oil Company owns almost all the oil in the UAE, produces over 4 million barrels per day and is the 12th-largest oil company in the world.
EV suppliers prefer to do business with legacy automakers, and corporate leaders are committed to new technologies.
A gasoline tax holiday is fighting the last war because gasoline prices are already going down.
U.S. oil reserves hit the lowest level since 2014! (Just barely enough to cover 21 days of U.S. oil demand.)