🚗 Tesla went backward

Brits' spending habits were a bad sign for the economy | The gas industry needs more money, otherwise we could run dry | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for October 21st in 3:15 minutes.   🧰 You couldn't build the Venus de Milo with a nail file. So join us for [Mastering Tools for The Modern Trader]( on November 2nd, and find out how to craft a portfolio worth gawking at. [Grab your free ticket]( Today's big stories - UK retail sales fell by more than expected in September, another sign that the British economy is shaking in its rain boots - Here’s why Tesla’s stock is sputtering and where it may be headed next – [Read Now]( - A Japanese think tank warned that the world will run out of gas by 2050 unless the industry finds some serious cash Thrifty Shades Of Gray [Thrifty Shades Of Gray] What’s going on here? September’s worse-than-expected UK retail sales cast an ominous shadow over the British economy. What does this mean? Brits scraped back on nice-to-haves in September, spending nearly 1% less on in-store and online shopping than the same time last year – worse than analysts expected. Now, part of that’s because the weather’s been milder than normal, so fall jackets haven’t been switched for winter coats just yet. But this trend of cutting back is also a symptom of the wider economy: wages are rising at a slower pace, a lot of folk are out of work, businesses are struggling, and Brits are low on confidence. That’s a problem. Central banks want to fight inflation without bringing down the economy as collateral damage, and this data suggests that delicate balance hasn’t quite been struck. Why should I care? For markets: It’s 50/50. Inflation’s still holding its own, much to the dismay of central banks. And with the risk of triggering a recession still high, the Bank of England (BoE) is split ahead of its next meeting in November. Onlookers reckon the BoE could pause its 14-hike run, keeping rates at 5.25% – their highest point since 2008. But until the bank’s united in opinion, expectations are far from fact. The bigger picture: We’re all in the dark. Even the savviest analyst or most gifted psychic will have struggled to predict the economy’s direction over the last year. Many brushed off inflation as a fleeting phase, while doomsayers were surprised by a resilient global economy that, so far, has swerved an all-out recession. That even has folk questioning whether interest rate hikes are capable of taming the beast, with the boldest hikes failing to scratch the surface. Thing is, there’s a high chance they’re just taking longer to change consumer behavior: remember, businesses and everyday folk were padded with pandemic-era loans and savings before price rises crept in. You might also like: [How interest rates influence every investment you make](. Copy to share story: [=/thrifty-shades-of-gray]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Thrifty Shades Of Gray&utm_campaign=daily-global-21-10-2023&utm_source=email) Analyst Take Tesla Stock Reversed To A Three-Week Low After Its Earnings Miss [Tesla Stock Reversed To A Three-Week Low After Its Earnings Miss]( Last year was undeniably bumpy [for Tesla](. But this year, the groundbreaking EV maker turns 20 years old and its stock has been [breaking out the party hats](, almost doubling in value. It seemed like everything was pointing to a happy birthday for Tesla, as it gears up to launch its [brand-new cybertruck](. That is, until its [latest quarterly results](. So that’s today’s Insight: [why Tesla’s stock has been thrown into reverse](. [Read or listen to the Insight here]( SPONSORED BY AJ BELL MONEY MATTERS Let's level the playing field Women face a lot of unfair obstacles in life, and their finances are no exception. [AJ Bell’s latest report]( details the various bumps that can hold women back, all of which can really affect pensions, bank accounts, and – most importantly – confidence. Case in point: 60% of the women surveyed have never asked for a pay rise, and only a third of single women believe they can live comfortably off their pensions versus over half of married folk. But [AJ Bell’s Money Matters]( latest campaign is dedicated to breaking down those barriers, with [both practical and confidence-focused advice, tools, and insights](. [Sign up to the newsletter and find out how we can bridge the gender investment gap](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Quit The Gas [Quit The Gas] What’s going on here? A Japanese think tank asserted that the gas industry needs a [massive injection of cash](, otherwise the world might run dry before 2050. What does this mean? The world’s on track to run out of gas in the coming decades unless the industry finds an additional $7 trillion, according to the Japanese Institute of Energy Economics. But that figure isn’t set in stone: it depends on how much gas we use, and that depends on how quickly green energy ramps up in the meantime. That $7 trillion figure is based on the globe cutting down on emissions by 56% before 2050 – and the International Energy Agency believes that’s possible, saying that gas demand will peak in the next few years. That’s no guarantee, though, and if that target isn’t reached, the sector will need to find almost $10 trillion to fund new plants and maintain existing ones in a bid to keep up with demand. Why should I care? For markets: A bit of dirt never hurts. The jury’s still out on the future of fossil fuels. Major players like Chevron and Shell, for example, think gas will be a key energy source in the long run, even as dirtier coal takes a backseat. Despite projections like that, though, investment in the gas sector fell 58% between 2014 and 2020. And now that more money is pouring into renewable energy projects, it’ll only get harder for old-fashioned projects to attract wads of cash. Unless that changes, the price of gas could end up a whole lot more volatile than it has been before. The bigger picture: Industry changes are nuclear. Mind you, green energy isn’t the only theme attracting investors: energy security and nuclear energy projects are both grabbing attention right now. Nuclear energy company Orano just funneled nearly $2 billion into a uranium-enrichment plant in the south of France, spurred on by the prospect of western countries limiting their reliance on Russian gas. You might also like: [Nuclear energy could light up your portfolio.]( Copy to share story: [=/quit-the-gas]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Quit The Gas&utm_campaign=daily-global-21-10-2023&utm_source=email) 🤝 Partner with us Finimize is much more than just this newsletter: we’re a full-blown [one-stop shop]( for engaging with [modern investors](. So whether you’re a fintech, founder, or just a fed-up exec, rest assured – we’ve got [the solutions]( you need. [Book A Demo]( 💬 Quote of the day "Writing, to me, is simply thinking through my fingers." – Isaac Asimov (an American writer and professor of biochemistry) [Tweet this]( SPONSORED BY ADMIRALS Build a diversified portfolio with minimal effort Investing can be expensive, especially if you want to [diversify by picking a variety of stocks](. 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It's time to get [dark and moody](. 4. DeFi yield farming can be extremely lucrative. Just [check out these common strategies and pitfalls]( before you pick up your plough.* 5. Misfits can be mainstream too. This TikTok star is [paving the path to weirdness](. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up In The Next Week... All events in UK time. 💰 [Money Matters: Her Wealth Roadmap](: 5pm, October 25th 📈 [Accessible Strategies For Effective Trading](: 5pm, October 26th 🍷 [Acquiring A Taste For Rare Wine Investments](: 5pm, October 30th 🤝 [Peer-to-Peer Lending: The Next Opportunity:]( 5pm, October 31st 🧰 [Mastering Tools for The Modern Trader](: 5pm, November 2nd 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. 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