Dear Reader,
Let me tell you about two kinds of crashes.
Stocks crashed in 2008. The headlines were everywhere. People panicked. Markets fell 50%.
Then they came back.
Stocks crashed in 2020. Same thing, panic, then recovery.
Stocks crashed in 2022. Recovery.
Now look at the dollar.
Over the past five years, the dollar has lost nearly 20% of its purchasing power. Not in a single catastrophic event. No alarm bells. No emergency Fed meetings covered wall-to-wall on CNBC.
Just a quiet, persistent erosion. Every year, a little less. Every trip to the store, a little more painful. Every bill, a little higher than the last.
And here's the part that should concern you most: the dollar has never bounced back. Not once in 50 years.
Your grandparents bought a house for $20,000. Your parents paid $80,000. The same house costs $400,000 today. That isn't real estate getting more valuable. That's your currency losing ground, permanently.
The wealthiest people I've worked with in 47 years don't actually fear stock crashes. They know the companies that matter come back. What they fear, what they've been quietly protecting themselves against for decades, is holding too many dollars.
It's why Elon Musk used SpaceX shares to buy $8.5 billion in assets instead of cash. It's why S&P 500 companies spent a record $943 billion last year converting their own cash reserves into stock. It's why the biggest corporate deals in America are now routinely done in ownership rather than dollars.
They're running from the slower crash. The one most people aren't watching.
I've been watching it for 47 years. And right now, it's accelerating.
I've put together a free briefing explaining exactly what's happening — and the specific steps I believe you should take before this gets worse.
Click here to watch my brand new briefing now.
Louis Navellier
Senior Investment Analyst
Billion-Dollar Money Manager
Recommended Apple at $1.49... Amazon at $46
Senior Quantitative Investment Analyst, InvestorPlace
Copper Cools After Record January—But This ETF Is a Buy-the-Dip Opportunity
Reported by Jessica Mitacek. Article Posted: 3/22/2026.
Key Points
- Commodities are outperforming the S&P 500 this year as investors rotate from tech to safe havens amid geopolitical unrest and ongoing market uncertainty.
- Despite a recent dip in price, copper—which is facing a supply shortage—remains essential for AI data centers and green energy.
- Following a 20% correction, the Global X Copper Miners ETF offers a buy-the-dip opportunity that provides diversified global exposure to major miners with strong institutional backing.
- Special Report: Elon Musk's $1 Quadrillion AI IPO
When all is said and done, 2026 might go down in market history as the year of commodities.
Prices for raw materials have broadly outperformed the S&P 500 and continued to dominate the news cycle amid a market rotation that has seen the benchmark index fall more than 2% this year.
Here's why you can thank Musk for your electric bill rising 42%... (Ad)
Your electric bill is up 42% since 2019, and utilities requested $31 billion in rate hikes last year alone. The culprit: AI data centers consuming power at a scale the grid was never designed to handle.
The last time a bottleneck like this formed, three overlooked infrastructure stocks surged 1,700%, 1,900%, and 900% before Wall Street caught on. One analyst has identified the next candidate - earlier in the cycle, smaller, and positioned at a chokepoint that even the largest players cannot build around.
See the one infrastructure stock Wall Street is about to chaseMost recently, oil and gas prices have grabbed the spotlight following the onset of war involving the United States, Israel, and Iran. But metals—and precious metals in particular—are also having a moment.
Gold, silver, and platinum each set all-time highs in January amid geopolitical unrest, equity market uncertainty, and a flight to safety after a mass exodus from AI- and software-leveraged tech stocks.
But precious metals aren't the only metals hitting record highs. This year, one major and often overlooked industrial metal also reached an all-time high: copper.
Since peaking in January, copper prices have pulled back. With signs they may have bottomed, investors seeking exposure for the next leg up can consider the Global X Copper Miners ETF (NYSEARCA: COPX), which provides access through a basket of materials-sector stocks.
Global Supply Squeeze Reinforces Copper's Price Narrative
Supply disruptions at major mines around the globe have tightened the copper market, while demand shows few signs of slowing.
Much of that demand stems from copper's properties: it is the most commonly used metal for electrical wiring and electronics and has the highest electrical conductivity among industrial metals—second only to silver. Copper is essential to electrification, renewable energy, AI and data center expansion, and industrial growth (for example, construction, consumer electronics, and machinery).
Beyond conductivity, copper is cost-effective and valued for its pliability, durability, and corrosion resistance. Those qualities are driving a global market that was valued at nearly $242 billion in 2024 and is projected to grow at a compound annual rate of 6.5% through 2030, when it could reach nearly $340 billion, according to Grand View Research.
As an essential component in everything from photovoltaic solar panels and wind turbines to telecommunications, plumbing, and automotive parts, copper exposure may be a useful addition to a diversified portfolio.
After a Sharp Pullback, COPX Is a Buy-the-Dip Opportunity
Since hitting its all-time high on Feb. 27—about a month after copper peaked—COPX pulled back roughly 20%.
The largest and most liquid copper-themed ETF—with nearly $7 billion in assets under management and average daily trading volume of almost 6 million shares—appears to have found a short-term bottom, having regained around 3% since March 13.
COPX seeks to track the Solactive Global Copper Miners Index, which reflects the performance of the copper mining industry as a whole.
Over the past year, the fund has gained more than 86% and pays a dividend that currently yields 2.44% (about $1.92 per share annually).
That dividend helps offset COPX's net expense ratio of 0.65%—somewhat high for a passive ETF—but fees have not eroded returns: the fund has gained roughly 117% over the past five years.
Institutional Buyers Are Bullish on COPX's Basket of Copper Miners
Despite the recent correction, the fund remains favored among institutional owners. Over the past 12 months, 222 institutional buyers outnumbered 75 sellers, producing inflows of nearly $17 billion compared with just over $196 million in outflows.
That interest reflects the performance of COPX's roughly 47 holdings, which include large miners such as Southern Copper (NYSE: SCCO) and Freeport-McMoRan (NYSE: FCX). Those names have posted notable gains year to date and over the past year.
The ETF also offers geographic diversification: nearly 32% of its holdings are based in Canada, while companies in the United States, Japan, Australia, and China account for 10.6%, 9.1%, 7.8%, and 7.2% of the portfolio, respectively.
The recent rally in copper has also pushed up short interest in the fund, which stands at 5.42% of the float—about 4.5 million of the roughly 84 million shares outstanding. Short interest is a short-term sentiment indicator; given copper's macro tailwinds, the fund could continue to perform well this year amid rallying commodities.
The SkyWater Deal: IonQ's Bid for Quantum Supremacy
Written by Leo Miller. Published: 3/20/2026.
Key Points
- IonQ doesn't want to just be a quantum computing researcher; it wants to own the full stack.
- The company's planned acquisition of SKWT is a move to accelerate its quantum development by bringing manufacturing under its umbrella.
- While the deal poses risks, IonQ clearly is not afraid to take big swings as it works to win the quantum race.
- Special Report: Elon Musk's $1 Quadrillion AI IPO
IonQ (NYSE: IONQ) is one of the leading stocks in the quantum computing industry. The firm made a big move in 2026 as it looks to differentiate itself from peers. In late January, IonQ announced a definitive agreement to acquire SkyWater Technology (NASDAQ: SKYT) for approximately $1.8 billion.
IonQ says the merger makes it the "Only Vertically Integrated Full-Stack Quantum Platform Company" and accelerates its "fault-tolerant quantum computing roadmap." Below, we strip away the financial and technical jargon to explain what this means for the industry and why investors should care.
IonQ: One Fish in a Sea of Quantum Approaches
Here's why you can thank Musk for your electric bill rising 42%... (Ad)
Your electric bill is up 42% since 2019, and utilities requested $31 billion in rate hikes last year alone. The culprit: AI data centers consuming power at a scale the grid was never designed to handle.
The last time a bottleneck like this formed, three overlooked infrastructure stocks surged 1,700%, 1,900%, and 900% before Wall Street caught on. One analyst has identified the next candidate - earlier in the cycle, smaller, and positioned at a chokepoint that even the largest players cannot build around.
See the one infrastructure stock Wall Street is about to chaseIonQ is one of many companies working to develop fault-tolerant quantum computing — the transition from experimental devices to machines that can reliably solve complex, real-world problems.
Consulting firm Bain & Company estimates that quantum computing could unlock up to $250 billion in value across industries such as pharmaceuticals, finance, logistics and materials science.
There are several different technical approaches to quantum computing. IonQ uses the "trapped ion" approach. Google parent company Alphabet (NASDAQ: GOOGL) and International Business Machines (NYSE: IBM) pursue the "superconducting gate-based" approach, while D-Wave Quantum (NYSE: QBTS) focuses on quantum annealing. A full comparison is beyond the scope of this piece, but the key point is the same: none of these approaches has yet achieved fault tolerance.
That is where SkyWater Technology becomes interesting.
SkyWater: An Approach-Agnostic Quantum Enabler
SkyWater is not building quantum computers. Instead, it serves as a development and manufacturing partner for multiple quantum companies — designing systems with developers and then scaling them into production.
One advantage of SkyWater's model is that it is approach-agnostic. It can generate revenue today by supporting research across different quantum technologies, and it could ultimately become the manufacturing partner for whichever approach proves most successful.
In its Q3 2025 earnings, SkyWater reported its "strongest ever quarter for quantum computing-related revenue," and said it expected to exceed 30% revenue growth among quantum customers in 2025. It also signed four new quantum customer engagements, signaling growing traction for its model. But the calculus just changed with the IonQ deal.
Merger Accelerates IonQ's Development, But May Undercut SKYT's Message
The merger brings IonQ's quantum research capabilities together with SkyWater's manufacturing expertise. IonQ argues this combination will accelerate its path to fault-tolerant quantum systems and help it become an industry leader.
For example, the company says the deal could speed development of its 2-million-qubit chips by up to a year and allow it to reduce costs to an industry-leading level.
Post-acquisition, however, SkyWater will be less approach-agnostic in practice. The companies say SkyWater will continue to work with other quantum firms, but the combined entity will have a strong incentive to prioritize IonQ's technology. It is reasonable to ask whether rival quantum developers will continue to use a manufacturer owned by a competitor. That raises questions about how much future quantum-related growth SkyWater will generate.
IonQ likely views that customer-retention risk as worth taking given the development advantages the deal provides — especially because SkyWater's quantum revenue still appears relatively small.
SkyWater reports that quantum-related revenue in its Advanced Technology Services (ATS) segment rose by over 30% in 2025, yet overall ATS revenue fell 11% to $212.5 million. Because quantum represented only a small portion of ATS, the ATS decline still drove down overall segment sales. ATS accounted for 48% of SkyWater's total revenue of $442.1 million, which suggests quantum remains a modest part of SkyWater's current revenue base.
IONQ & SKYT: A Potentially Game-Changing Quantum Partnership
IonQ shares have fallen more than 20% since the SkyWater announcement and are roughly 60% below their highs. If the deal closes, however, IonQ could significantly strengthen its position in the quantum landscape. Combined, IonQ's revenue would likely exceed $550 million annually when adding SkyWater's sales — more than four times the $130 million in revenue IonQ generated on its own in 2025.
That said, the combined company's cash from operations in 2025 would have been about -$310 million. IonQ will need to pay hundreds of millions in cash to finance the transaction, but it also holds nearly $2.4 billion in cash, equivalents and short-term investments, which should allow it to keep investing — and sustaining losses — for years.
Quantum stocks remain risky, but the SkyWater acquisition could offer significant long-term advantages that help IonQ separate itself from the pack.
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