Today, I want to talk to you about something you’re probably sick of hearing about by now – the U.S.-China trade war. Trust me, I understand. The constant back-and-forth is wearing me out as well.
The tariff trouble is practically embedded in our brains at this point. Just hearing the words “trade war” brings about images of Twitter headlines and drastic 800-point drops.
August was the second worst month for stocks all year thanks to the tariff wars, right behind May – a month that was also brought down by China and the U.S.’s back-and-forth.
The trade war has been the single biggest mover of stocks this year. It’s caused the Fed to cut interest rates and brought about a whole new round of recession fears while U.S. companies struggle to deal with the growing taxes.
But there’s one company that isn’t struggling. In fact, it’s thriving over there in the Middle Kingdom – and it’s all coming from the hands of its notorious CEO, Elon Musk.
While the broader market struggles to keep up with the ongoing trade war, one influential automaker could yield profit after profit.
Here’s what you need to know right now…