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Watch For This Market-Moving Event

Posted July 21, 2022

Ray Blanco

By Ray Blanco

Watch For This Market-Moving Event

In an update from last week, I talked about how we can look at what government officials are trading to get an insider viewpoint on where certain companies, or even entire markets, might be going in the future. 

This can provide great insight… for example, if a high-ranking politician buys in big with a company that stands to benefit from certain legislation, chances are, they know that a big, bullish development is coming.

As a real-world example, Speaker of the House Nancy Pelosi recently put up a big position with NVIDIA Corp. (NASDAQ: NVDA).

As the Speaker of the House, she is arguably one of the most connected individuals when it comes to inside information. With this recent purchase of Nvidia call options, I believe Nancy thinks something big is on the horizon. 

And I think I know what she’s thinking will happen… I believe Congress will soon pass the Chips Act, a massive $50 billion bill to advance semiconductor production in the United States. 

Over time, the United States has lost its market share in semiconductor production. Most of this has gone overseas to places like Taiwan and China. Today, we make almost none of the advanced semiconductors in the world. 

And during the COVID 19 fiasco, we learned that this could become a big problem. When overseas supply chains got cut, it caused a plethora of problems for manufacturers who use a vast amount of chips in their products. 

If China locks down or Taiwan locks down and they don't want to make any chips, then we're not getting any chips, simple as that. And since chips go into everything, it shuts us down and also really points out a huge risk. 

Fast forward to today, the Senate just cleared the way for the Chips Act. So it will be put up to a vote sometime soon. As you can imagine, this bill would be exceedingly bullish for certain semiconductor companies. 

In fact, we’re already seeing the news start to move the market.

Semiconductors have seen a nice boost the past few days alongside the broader “bear market rally” that’s been pushing stocks higher. 

Hopefully, there will be some more good news regarding semiconductors in the next few weeks or months… 

To a bright future,

Ray Blanco

Ray Blanco
Chief Technology Expert, Technology Profits Daily
AskRay@StPaulResearch.com

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