This week’s midterm was a repudiation of President Donald Trump.
Many of those who voted for him in 2024 did so because of a campaign promise to avoid foreign wars and put America First.
However, going to war with Iran broke that promise. And the elevated energy prices as the fallout from that war kept inflation high. For independent and swing voters, the choice was clear.
As I shared with members of the Grey Swan Trading Fraternity yesterday, gas prices still matter for voters. In fact, data from Raymond James, inverting gas prices, tracked with rising disapproval for President Trump’s agenda:
Yikes.
Following the blowout midterm results, oil dropped 8% yesterday. I suspect that’s noise for now, at least until there’s a real deal in place with Iran and the Strait of Hormuz is fully open for business.
In fact, we may have more opportunities in conventional energy in the coming weeks. But following the midterms, there’s been more interest in alternative energy. Some of the best performers yesterday were in solar companies:
Solar is dependent on tax credits. Residential credits phased out at the end of 2025, but there are still credits for manufacturing and leasing solar equipment.
That was on the path to be phased out, but yesterday’s market election suggests that existing solar subsidies may be here to stay. President Trump may even agree to more, since there’s nothing more America First than increased energy production, no matter the source.
Today’s Pro is a look at a company down 90% from all-time highs showing signs of life after this week’s election. It’s also a key manufacturer of equipment related to solar power. It’s a small, but growing, player in the AI buildout thanks to its smart technology.
~ Andrew
P.S. Grey Swan Live! will return next week. Addison is enjoying some post-election solitude with family this week.
P.P.S. Wall Street is about to face a problem. Its biggest institutional investors may soon be allowed to buy a stock they’ve been effectively locked out of. That changes on November 10, when the company could join the Nasdaq and open the door to as much as $42 billion in institutional buying.
And if I’m right, getting in before that flood of money arrives could be the moneymaking opportunity of a lifetime. In fact, he believes this investment could turn $10,000 into $200,000 by 2028 — a potential 20-bagger.
I called the dot-com bust and the housing crisis before Wall Street caught on. Now I see another massive opportunity taking shape, and I don’t want you watching from the sidelines.
That’s why I just released a special presentation yesterday explaining exactly how to position yourself before the November 10 deadline.
Click here to see what I recommend in this replay here.
