It’s Too Hot 🌵

Table of Contents

It’s Too Hot

In the real world, parts of the globe have been experiencing heat waves and record temperatures, specifically in the Northern Hemisphere. This has created droughts spanning from California to China, creating some messy climate situations that don’t bode well for global economies.

On top of inflation, climate has played a major factor in rising prices. One example is something we’ve been talking about, which is energy in Europe. Russia’s shenanigans with the Nord Stream Pipeline paired with record heat in Europe is causing energy prices to skyrocket, and countries may be forced to ration energy to conserve for the winter. Drying rivers has also been a commonality in this recent global phenomenon, with dried rivers in Europe preventing hydropower from being generated and reducing shipping traffic. In China, hydropower remains an issue as demand for electricity might kill the grids, and crops that contribute to China’s economy are being affected too. Speaking of crops, the South has been hit hard by the heat as US farmers are expected to lose 40 percent of their cotton crop this year. A drought-ridden West has been dealing with this for a while, and this year marks the second year in a row where the Bureau of Reclamation flagged the Colorado River for a shortage due to low levels of water. Farms in Yuma, Arizona, a city along the Colorado River, are expected to lose 10 percent of their usual revenue, which consists of many vegetable plants. Reservoirs like Lake Mead are facing the same problem, and tourism is starting to take a hit due to the heat, hurting another industry. The worst part is that this can be attributed to climate change, which is going to get worse and worse. This could be another dent in the economy for the future, and steps need to be taken to prevent this.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
PGA Tour Enters Investment Talks 💪

As reported on Thursday, both Endeavor Group and Fenway Sports have displayed interest and begun discussions to provide investment in the PGA Tour.

Nike Just Didn’t Do It 📉

Providing one of the biggest earnings reports of the week, $140 billion shoe and clothing retailer Nike posted a significant slip.

Market Recap – September 28th 💰

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Friday’s PCE price index reading.

The Crude Oil Bust 🛢

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.