A US clean energy spree, China's in hot water again, and paranormal investigations | [Finimize]( â TOGETHER WITH â â Hi {NAME}, here's what you need to know for September 3rd in 3:11 minutes. â ðï¸ Easy as one, two, three... four and five, apparently. Join Prospero.Ai for [Five Portfolio Hacks For Busy Investors]( next Thursday, and find out how to save time without cutting corners. [Grab your free ticket]( Today's big stories - The US governmentâs clean energy loan office went on a spending spree, racing against the clock before the November elections
- How to invest smarter, with help from a famous cheat sheet â [Read Now](
- Chinaâs economic turmoil weighed heavily on steel prices Clear The Books [Clear The Books] Whatâs going on here? A $400 billion US federal clean-energy fund is dishing out dollars, eager to clean up the States before the election muddies the waters. What does this mean? The Energy Department Loan Programs Office is tasked with supporting advanced energy projects, not least clean and green initiatives. Yet, despite sitting on hundreds of billions of dollars, the department had been holding off on spending them. But concerned that a Republican win could put the office on ice, as it did last time, the current presidentâs team has hurried projects along. Thatâs why the office has recently signed a $1.5 billion pledge to a solar panel maker, a $1.2 billion agreement with a battery parts maker, and promised $861 million for solar and battery storage in Puerto Rico. Why should I care? For markets: We might not always have Paris. The US election could change the trajectory of the countryâs clean energy plans. Some worry that if the former president wins, he could pull out of the Paris Agreement â an international climate change pledge â again, instead redirecting funding to Republican-favored tech like nuclear power and fossil fuels. Mind you, this isnât just an American issue. Around the world, election candidates are questioning the cost and speed of cutting emissions. That has investors wary that renewable energy sectors will see less attention and investment, so theyâre pulling back from related pockets. The bigger picture: Rules are made for breaking. The environmental, social, and governance (ESG) industry was seeing serious shifts even before election season. Europe, the birthplace of the worldâs most stringent ESG rules, has been rethinking its hard stance. Thatâs encouraged green-minded investors to tweak their strategies, anticipating that regulations will soon be more forgiving to fossil fuels. Case in point: Goldman Sachs found that ESG funds are now more invested in oil and gas than they were just a year ago. You might also like: [Investors are ditching ESG-focused funds, but they might be missing a trick.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Clear The Books&utm_campaign=daily-global-03-09-2024&utm_source=email) Analyst Take
What The Wall Street Cheat Sheet Says About Stocks Now [What The Wall Street Cheat Sheet Says About Stocks Now]( By Jonathan Hobbs, CFA, Analyst [Warren Buffett said]( it best: âBe fearful when others are greedy, and be greedy when others are fearfulâ. That simple mantra about [going against the crowd]( can help you sell closer to the top and buy closer to the bottom. But to do that, youâll need to keep an eye on [sentiment]( â i.e., how most investors feel â and try to feel the opposite. So Iâve pulled out the famous Wall Street Cheat Sheetâs Psychology of a Market Cycle Guide to get you [started](. Thatâs todayâs Insight: [how to invest smarter, with help from a famous cheat sheet](. [Read or listen to the Insight here]( Youâve got the keys, now itâs time to start the engine Thereâs no getting around it: todayâs markets are volatile. But if you have steady hands and nerves of steel, you could use Leveraged and Inverse ETFs to [use market movements to your advantage](. You need to know how to use them correctly, though. Leveraged trades mean you can amplify your gains, sure, but the same goes for your losses. Inverse ETFs see you [bet against the market without shorting an asset](. And if youâre going against the grain, youâll need to have conviction. So weâve [worked with Direxion]( â the investing platform aimed at decisive investors â to develop a [free guide]( covering the risks, rewards, and need-to-knows of Leveraged and Inverse ETFs. [Read The Guide]( Not So Steely Nerves [Not So Steely Nerves] Whatâs going on here? A key steel price has fallen by 20% this year, as Chinaâs overzealous factories fill the market with cheap metal. What does this mean? China makes around 50% of the worldâs steel. And even though the countryâs buyers are watching their pennies, wary of the stalling property and construction markets, producers havenât slowed down at all. At this point, Chinese steel rebar prices are down around 20% this year. And at those prices, only around 1% of Chinese steel mills are profitable. So theyâre âdumpingâ steel overseas, selling it for less than it costs to make. And at scale, too: Chinaâs steel exports have reached levels last seen in 2016. To give its own wares a chance against ultra-low prices, Europe has stamped a minimum 18% tariff on Chinese steel â but even with tax and shipping costs, Chinaâs is still cheaper. Why should I care? Zooming out: The great tech race. Chinaâs made it a priority to bolster its tech industry, stat. So the countryâs been shipping in semiconductor-making equipment like itâs nobodyâs business â the equipment that current trade rules allow, at least. See, the US has clamped down on what chipmaking gear China can buy, and itâs been pressuring Japan to follow its lead. Itâll be tough to choose a side, though. If Japan follows through, China has threatened to restrict access to its rare earth minerals. Theyâre critical for the car industry, which employs around 8% of Japanâs working population. The bigger picture: Maybe all that glitters is gold. The Chinese property market is partly responsible for dragging down the price of iron ore â a key commodity used in steel production â by 27% this year. Diamond prices have been on the slide, too, with Chinaâs luxury-loving shoppers taking a break. Goldâs been the exception, picking up 21% this year to become one of the only assets beating US tech stocks. You might also like: [Itâs been a wild summer, but hereâs where four key commodities stand now](. Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Not So Steely Nerves&utm_campaign=daily-global-03-09-2024&utm_source=email) ð¬ Quote of the day "Wear your heart on your skin in this life." â Sylvia Plath (an American poet and novelist) [Tweet this]( Discover portfolio management tools for time-poor investors Technology promises to save you time and make you more money. Tick, and tick. And yet, you often end up spending hours getting your head around new tools, terms, and conditions â and [daunted by the process](, it can be easy to retreat to your old ways. So join our next event with [Prospero.Ai]( for free, and find out how you could use super-smart technology to shave precious hours off your investing process. Youâll discover efficient asset allocation strategies, designed to maximize your returns, as well as short and snappy methods for [keeping your portfolio up to date](. So now, you can have a busy life and a happeninâ portfolio: [join our next event to discover five portfolio hacks for busy investors](. [Find Out More]( ð¯ On Our Radar 1. Maybe 13 isn't an unlucky number. Take a look at the [most beautiful places on Earth](. 2. Like Google maps, but for technical ETFs. [Direxion's guide to trading leveraged and inverse ETFs is live.](* 3. A testament to human endeavor. A brief [history of the Paralympics](. 4. Talk about being âin the moneyâ. [Get the lingo down]( before you trade options. 5. Way out there. Meet the [detectives]( hunting everything from ghosts to Big Foot. When you support our sponsors, you support us. Thanks for that. ð Finimize Live 𤩠Grab your tickets... All events in UK time.5ï¸â£ [Five Top Tips Every Options Trader Should Know:]( 5pm, September 11th
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