Bryan Bottarelli, Co-Founder, Monument Traders Alliance Publisher's Note: SpaceX could file its IPO any day now. But you don't have to wait until AFTER its IPO launches to gain exposure. To show you how to add companies like SpaceX to your portfolio, MTA's Chris Johnson is going live with Matt Milner – a private markets expert with direct exposure to over 50+ startups, including SpaceX. This is a timely session you won't want to miss. It starts at 2 p.m. ET on Wednesday, April 1. Click here to sign up for free today. - Stephen Prior, Publisher
Dear Reader, It's no secret that the start of the Iranian conflict has kick-started a downside market sentiment that's taken a toll on virtually every investor imaginable. Case in point... Last Thursday, the S&P 500 hit a 6-month low. But when I read the following statistic, it shows you just how far-reaching the bloodshed has gotten. Get this... Berkshire Hathaway shares have now suffered their longest losing streak in more than 7 years. Specifically, as of last Friday, shares of Berkshire Hathaway have lost ground for eight consecutive days, which is their longest losing streak since December of 2018. The Class A shares are down -4.7% and the Class B shares have dropped -4.9% since their last upside day back on March 17th. So, you have the most stable, fortified, and trustworthy stock in the history of the stock market that's also been severely hit by rising energy prices and global uncertainty from the Iran war. What's worse, Berkshire's stock prices are down more than -13% since Warren Buffett announced that he would be stepping down as CEO at the of 2025. When you read something like that, it's fair to conclude that if you're looking at your portfolio and wondering if you could've done anything differently, the answer is no. It's Not You, It's Everyone Feeling the Hit. Everything is getting damaged in this market, and the performance of Berkshire just show you how devastating the recent market conditions have truly been. However, if you want to keep a glass half-full approach, then here's one of the strongest opportunities I see in the market right now. With all due respect to oil (which has certainly been the #1 topic in the news lately), the most precious resource in the entire world remains water. What's why it's noteworthy to highlight the fact that the Invesco Water Resources ETF (PHO) is in the process of setting a possible "W" formation on the daily chart at $65. It could be an attractive entry price on an asset that gives you exposure to the top companies that service and provide the world's most valuable resource. |
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