No. 1 Tech Stock for the Manufacturing Recession
The manufacturing sector is getting hammered by the global trade war. And the U.S. manufacturing Purchasing Managers Index (PMI) shows just how bad things have gotten.
The index reflects whether the manufacturing sector is improving or getting worse. And in a report released last Tuesday, we saw the PMI fell below 50 for the first time since September 2009 — right after the end of the Great Recession.
Now, investors are worried about an economic slowdown — and I understand.
After all, tariffs have created a lot of uncertainty regarding supply costs and consumer demand. And U.S. households could pay nearly $1,000 more over the next year because of tariffs.
But there’s one tech industry that actually stands to gain from a global economic slowdown.
- What’s coming up ahead: “It doesn’t mean that the stock market’s going to dive. I just think it’s going to mean that we’re going to see a rotation into different sectors.”
- How companies are preparing: “One of the things that happens in a slowdown is that a lot of companies use the opportunity to trim fat. I predict there’s going to be a significant restructuring of corporate management systems over the next decade or so.”
- How you can profit: “After 2008, everybody knows that as bad as things get, we always bounce back.”
In today’s video, Ted also has a great bonus play for you. It’s an asset that thrives during times of economic weakness.
To watch Ian and Ted’s new video, simply click on the image below:
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Assistant Managing Editor, Banyan Hill Publishing