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Tuesday, March 30, 2021
Your Ship Just Came In! (Open to Discover How)
Hey Trader,
So a few days ago, a gigantic cargo ship called the Ever Given got stuck in the Suez Canal.
Left unresolved, this incident had the potential to shut down 12% of the world's trade.
If you recall the great toilet paper shortage of early 2020, then you understand the pure pandemonium that occurs when there's a long-term shortage of essential items.
This brief shortage led to a price spike on some essentials.
Luckily, this was a near miss catastrophe.
Workers were able to get it unstuck, and it's back to business as usual for the shipping industry.
Maybe I'm dating myself here, but the Suez Canal incident reminded me of another major shipping disaster that struck a tragic bullseye on the shipping industry and the environment over 30 years ago…
Of course I'm referring to the Exxon Valdez oil spill.
Market Traders Daily Director of Client Services 888-228-2376
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