There’s no alternative to the stock market. Investors are staying in the market because they believe that the market always comes roaring back. They were  slammed in March, but now they’re up for the year. The market could continue to advance and this has created complacency. However, a wise investor is always prepared for the inevitable pullbacks that inevitably occur. We could very well see a reversion to the mean. WIll it be this year or next? Beware of corrections, but the timing is the tough part. Whenever the market is pushing higher, bears are always portrayed as alarmists. And then in a matter of days they can appear to be prophets. Covid has put a dent global wealth with 200-300 million people unemployed and trillions of wealth lost. Q1 pullback in equities? Or perhaps a consumption boom? Let’s see what happens next. 

Direct download: Sam_McElroy_22.Dec.20.mp3
Category:general -- posted at: 8:01am EDT

Look out above. Jordan Roy Byrne sees things unfolding later next year. Once Covid has subsided, probably after the vaccine is distributed and herd immunity is achieved, people will start leaving their homes and spending money to make up for lost time.  Money will be pouring into the economy. This will be the beginning of inflation, led by increased consumer prices. A look at the trend lines, shows the CPI is already heading higher. There will be a temporary growth pop and we're seeing copper take off, as a result; it's currently trading at $3.58. Commodity price inflation is baked in the cake. It’s anticipating growth and inflation, a strange convergence. No matter how you cut it, interesting times are ahead. 

Direct download: Jordan_Roy-Byrne_22.Dec.20.mp3
Category:general -- posted at: 8:00am EDT

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