Here’s why I stopped trying to predict which way the market goes…
And what I’m doing instead.
There’s no such thing as a slow summer day anymore, is there?
President Trump just dropped a 50% tariff on copper — and just like that, the price spiked 18%.
That’s a huge move… and it’s not just a line on a chart. Copper is everywhere:
- Wiring in homes and buildings
- EV batteries and infrastructure
- Cars, air conditioners, appliances, techno gadgets — you name it
So if copper costs more? You better believe that everything else will too.
And that raises a real question: Are we about to see inflation rear its head again?
But the chaos doesn’t stop there either.
Tankers are blowing up in the Mediterranean — another reminder that global energy supply isn’t exactly stable right now.
We got an EIA report today showing a 7 million barrel surplus in crude… but that was at least partially offset by a nearly 3 million barrel draw in gasoline and distillates.
So oil’s holding up — even though the data should’ve knocked it lower.
The bottom line is… This market’s trying to price in too many unknowns at once:
- Copper tariffs
- Middle East shipping risk
- Conflicting energy data
- Earnings season knocking on the door
It’s messy — but messy is where opportunity lives.
Stay sharp,
— Geof
