Trump has been known to hold grudges against people who openly oppose him, and we’ve been seeing that with Federal Reserve Chairman Powell. Trump wants Powell to lower interest rates while Powell (and the rest of the board) says no. So it’s no surprise that Trump is floating the idea of firing him in order to install a loyalist. The market dipped on news that a letter had been drafted to fire Powell and then recovered when Trump denied it. This is a clear example of the kind of instability underlying the markets. That’s why it’s more important than ever to build a portfolio that can withstand that kind of whiplash. Click here to learn strategies for doing that.
Trump’s ire at Powell also caused gold to move. It did the opposite of the market, going up when the news broke and back down when Trump retreated. It shows how many investors still view gold as a haven investment and how they’re primed to move into it when they assume the worst is about to happen. There’s no telling what will happen next to cause these kinds of market shifts, but you want to be prepared. Click here to learn about some of the best gold plays to accomplish that.
Bitcoin’s recent rise has slowed somewhat but Ethereum has been making progress over the past week to the point where it has been outperforming Bitcoin. With the White House hosting its own Crypto Week, the signals are all there that cryptocurrency is something that is no longer seen as a risky gamble. Now is the time to buy in before more big money floods into the space and the biggest profit potential is gone. Click here to learn more about what to buy.
A week ago, MP Materials’ stock price shot up because of news that it had made a deal with the Department of Defense for its rare earths stock pile. It happened again this past week when news broke that Apple signed a deal worth $500 million that would supply the company with much needed rare earth magnets. This is all happening because everyone is waking up to how important it is to secure important commodities free of Chinese control. Fortunately, for investors, MP isn’t the only game in town set to benefit from this. Click here to learn more about two lesser-known companies set to win just as big.