Port Strike Incoming (Patreon)
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Breaking News: The Union rejected the shippers offer so there will be a strike tonight.
The port strike at U.S. East Coast and Gulf ports could significantly impact the stock market and cryptocurrency markets. The strike is expected to cost the U.S. economy $3 to $5 billion daily, potentially causing supply chain disruptions and increased prices, which could reignite inflation concerns.
This economic strain may affect stock market sentiment negatively, particularly for sectors reliant on ports. It could even impact Tesla. He saw what the red sea did with the Houthis.
This could end up being a mini gray swan. By the way, the demands from the port workers are very unreasonable I’d make a permanent ban on automation. It’s the most ridiculous thing I’ve ever heard. It’s like the Hollywood screen writers blocking AI
I will be watching for things to buy on any dips