Friday Charts: Is This The End Of The Greenback?
Wall Street Daily | Jul 28, 2017 06:24AM ET
It’s Friday in the Wall Street Daily nation. For the new kids on the block hanging tough, that means it’s time to go to the charts.
Each week, I cull together a collection of graphics to convey some important and timely investing insights. And this go-round, I’m covering the most hated bull market in history, the not-so-almighty dollar and the new age of electrification.
Without out further ado…
h2 No Bull?/h2After years of rallying stock prices, it’s natural to wonder — how long can this last and how high can this go?
Turns out that the answer is a lot longer — and a lot higher. That is, if history is any guide:
Although the current bull market for the S&P 500 index ranks as the second longest ever, it’s a far cry from securing the top spot.
For that to happen, stocks would need to rally for almost another four years — and roughly double in price. Here’s to setting a new record!
h2 From Highs to Lows/h2While stocks keep charging higher, the U.S. dollar keeps sinking lower. Year to date, the U.S. dollar index is down nearly 10%.
That’s a massive move for a currency.
Is the end nigh for the almighty dollar? If so, it means it’s the most profitable time to invest in .
Don’t miss out!
Is this the end of the greenback?
On July 5, leading Swedish carmaker Volvo, (OTC:VOLVF, ST:VOLVb) announced that it would convert to an all electric and hybrid fleet of cars by 2020.
“This announcement marks the end of the solely combustion engine-powered car,” said Volvo Chief Executive Officer Hakan Samuelsson.
Indeed! It also marks the beginning of a new age of electrification.
The largest obstacle to adoption of electric vehicles (EVs) has always been battery costs. But battery prices are plummeting.
Take a look:
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Since 2014, lithium-ion battery prices have been cut in half. Since 2010, they’re down 80% — from roughly $1,000 per kilowatt hour (kWh) to about $227 per kWh.
The cheaper these batteries get, the more affordable EVs get — and, in turn, the more obvious an adoption boom is about to occur.
Is your portfolio positioned to profit?
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