Wobbles aside, it’s been a pretty impressive week for stocks thus far — 5%-plus gains across the board, which has sparked some market-bottom talk.
Asset manager Horizon Kinetics launched the Inflation Beneficiaries Exchange Traded Fund INFL in early 2021, when CPI was still below 2%. People thought they were “crazy” to be worrying about inflation, James Davolos, senior vice president and co-portfolio manager on the fund, told Real Vision in an interview that published Thursday.
And while PrairieSky shares are up 44% year to date, Davolos said they are bullish because they see energy prices rising, with Canada “setting up for a very big rise in production for a variety of reasons,” and starting to produce more in-demand conventional oil such as the kind found in the North Sea. In the near term, lower U.S. and Canada rig counts combined with an expected China economic reopening in November will lead to big energy shortfalls.
And a lot of these products, whether it be renewables or real estate, rents or tolls are often linked to a market-based measure “and the world is going to be starved for rising real yields as opposed to these fixed yields,” he said. Lucrative profits await Carl Icahn and other big-name investors after Tesla TSLA CEO Elon Musk decided to end his war with Twitter TWTR . But financial advisers say individual investors should proceed carefully.
It must be bad if the mainstream is mentioning it.
Biden’s America