The S&P 500 ETF Trust (NYSE: SPY) took a nasty fall yesterday. It's still above support at the $390 level, here's a chart …
But if the looming railroad strike isn't avoided, there might be enough momentum to push prices even lower.
We've got until Friday. There's still time to avoid a huge blow to the economy. Some estimates report a possible $2 billion/day blow to the economy.
Biden might swoop in to clear things up. He speaks later today in Detroit … maybe we'll get an update.
And speaking of Biden's Detroit speech …
$900 Million EV News
There's an auto show in Detroit today, and Biden's going to announce an infrastructure overhaul. One that will make EVs more accessible to the general public.
We've said it before and we'll keep saying it, this industry is about to explode. We're still at the beginning … and there's time to get in.
The U.S. EV industry is expected to reach $137.43 billion in 2028. With an annual growth of 25% per year starting in 2021 … when the industry's value totaled just $28.24 billion.
Post a Comment
Post a Comment