 - While energy stocks have grabbed market headlines, steel is making a quiet run.
- The NYSE American Steel Index has jumped 46.2% off its October 2022 lows.
- Today’s Power Stock distributes steel products to various industries and rates a 99 on our proprietary system.
| Matt Clark, Senior Research Analyst, Money & Markets Energy stocks have been all the rage with investors over the year — and rightfully so.
However, another sector of the market is in the middle of a resounding rally: steel.
Check out this chart:  (Click here to view larger image.) The NYSE American Steel Index tracks stocks involved in steel production or the mining and processing of iron ore.
It jumped 43.9% off its October 2022 lows … and I’m confident it will move higher.
I’ve found an exceptional company that manufactures and distributes steel worldwide.
It’s one of the highest-rated companies in our Stock Power Ratings system, a tool that analyzes more than 8,000 stocks!
Click here to see why this 99-rated stock is set to rally higher from here. 
 | From our Partners at Trend Trader Daily. It’s not a stock, bond, crypto, option, or gold…
But this could very well be the #1 way to beat inflation.
It’s a brand new asset that the International Monetary Fund estimates should grow 24,900%.
And Pulitzer Prize nominated financial journalist Michael Robinson just found a “backdoor” for YOU to take advantage of its rise.
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PPI Confirms Inflation Lull — but It’s
Not All Good News The Producer Price Index (PPI) is the oldest continuous data series for the U.S. government.
The PPI for All Commodities uses data stretching back to 1913.
In 2021, it reached a rare inflationary peak.
Commodity prices were rising at a rate of more than 20%: shown as the dashed line in the chart below.
Previous moves above that level were associated with important historical events: - Entering and exiting wars has been inflationary throughout history.
- The initial recovery (the New Deal recovery in the chart below) during the Great Depression was triggered by unprecedented amounts of government spending.
- And the OPEC oil embargo permanently changed that market.
This time might be similar to the New Deal recovery, when the government cut spending and the economy fell into another depression.
Bottom line: Without continued government spending, the current economy is likely to slow. Commodities show that's already happening. 
(Click here to view larger image.)
Check Out Our Most Recent Power Stocks: |
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