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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

Comments

SkylarB

Always fing something.

Daniel W

This was spot on James, thank you for always sharing such accurate info! I went short on SOL last night for the first time because of it and it's working out great, thanks for all you do!

CryptoChimp

Understandbly! Automation is finishing their jobs. Their will be plenty more of that accross other industries.

Triple J

AI can’t be stopped. If you can’t beat em, join em.

Crypto-doodle

Not understandably. Cant stop progress…need to find ways to embrace it…not reject it full stop. Otherwise the system will find a way to work around you ASAP. Nobody’s gonna indefinitely pay for someone’s unwillingness to innovate.

ChadFiGuy888

Market always does opposite of what ppl think.... Uptober will still be in play, but only after 1 final shakeout lol

Eric T

You don't want to replace dock workers with automation because they're apart of the local communities that spend money and raising families. Bringing in automation would just make the employers richer and they've been raking it in since the pandemic without compensating dock workers a smidge of that profit growth. -Seattle, WA Longshoreman

Bourbon Broheem

On my way to costco to stock up on supplies and fill the car with gasoline.

Blue Summer

wow, strikes, and the war in middle east... what else can go wrong here tonight?

Hollie Bop tv

we need the mafia to do a jimmy hoffa job , but then the police crushed the mob , so i guess we are stuck

Aniko_ON

The automation ban is indeed ridiculous, but the 40% wage increase over 6 years sounds like an insult to me...