Wire, Cable & Bidenomics

Wire & Cable is the most boring industry you could possibly think of. I won’t bother you with any of it. I have built machines that twist wire and put a plastic jacket on it. I left that industry looking for anything more exciting. It wasn’t hard. I found the environmental industry. Mostly water and wastewater. That is simply pumps and alarms. I’m reaching the same point in this area, and I just want to retire.

One thing that should concern everyone is how the wire industry is doing. I have to say it is as dead as I have ever seen it in nearly thirty years. Keep in mind who orders wire:

-Home builders

-Medical instruments

-Military communications

-Oil well cables

-Aerospace

-Automotive

-Environmental

-Communications

You could go on to add anyone who builds anything. They all need wire. If you want to see how the economy is doing, you should check here first. Everything else is a result of companies not spending on this capital equipment. Unemployment and the cost of goods sold are all a result far down the pipeline. Stock prices are reactive, not proactive. This includes the wire companies.

To be fair to the current administration, prior election years have had a similar result. I think it has always been that nobody likes uncertainty. However, this year has been exceptionally bad. Pretty much all my quotes are on hold and I am getting minimal service work.

I only provide services for the biggest wire suppliers in the US. They are all in a deep freeze, and all in the markets mentioned above.

If anyone benefits from this information, message me and I will gladly accept a bottle of Middleton Very Rare Irish whisky.

Disclaimer: Past performance is not indicative of future results.

Trump 2024. (Please.)