Have been doing a fair amount of preparation for tomorrow’s webinar at noon when we’ll launch a new Global Share portfolio – a lower entry opportunity ($10,000) for those who missed out on the $200,000 performing portfolio we started seven years ago. Click here if you haven’t yet registered for tomorrow’s webinar, exclusive to Premium members.
There are diametrically opposite schools in the investment world right now. On the one hand are traditionalists who believe inflation in the US (and hence the world) has become endemic and will overturn the investment thesis of the past three decades. Their ascendancy in recent weeks has hit tech stocks hard.
Countering them are a group which argues the US’s current 39-year inflation high is a temporary phenomenon wrought by Covid-19’s impact on the global supply chain. They believe as this works its way out, deflationary pressures caused by tech-driven efficiencies, will return. Helping the exponential stocks regain lost ground.
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At the extreme end of the new age theorists is ARK’s Cathie Wood – you can read the argument in her latest quarterly report. I’m more aligned with her than to the inflation bulls. So was heartened to hear a similar message from Fed chairman Jay Powell – click on the video at the top for his perspectives.
More for you to read today:
- RW Johnson: A country out of its mind. The former Oxford Don writes about what’s behind some incredible stories playing out in SA media,
- Sky-High Vaccination Rates and Zero Taxes Make Dubai a Pandemic Boomtown. Middle East city-state’s open borders and low infection rates are drawing the wealthy, new businesses and tourists
- Paul Simon Tells the Stories Behind His Songs. In a new audiobook, the singer/songwriter collaborates with Malcolm Gladwell to explain the creative process that led to ‘The Boxer,’ ‘Graceland’ and other classics.
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