Despite US inflation hitting a 40 year high, US growth stocks rallied – reflecting the belief inflation and recession will be short and sharp. It’s a fair bet – but go back into growth stocks eyes-wide-open, and don’t be fooled by the most dangerous myth surrounding Tech – Personalities!
Some investment banks are picking up cheap Russian assets – which negates the purpose and aims of sanctions, and will simply fuel Putin’s propaganda machine. Meanwhile, Blain’s stupidity index is only down 38% - which shows there are still greater fools out there…
The immediate financial market outlook is risk-off driven by Ukraine, followed by rising fears and concerns about inflation policy mistakes, wondering when to pick the bottom in the tech cycle to buy great ideas, why Boeing should be in jail, and longer-term concerns about where we are going in terms of transition.
Cathie Wood of ARK is in the headlines for an ill-judged investment commentary. Could ARK be headed for the wall as its disruptive investment strategy of buying illiquid companies that sacrifice profits to be part of the “innovation age” crashes? Watch this space…
Elon Musk’s robot left us all giggling over the weekend, but may just prove to be the stunt that breaks Tesla. The suspension of disbelief that’s fuelled unicorn tech valuations in the face of reality these past many years feels like its breaking-down as reality bites.
Why is Europe suspending the AstraZeneca Vaccine? What’s the real story? And; The trick to investing in disruptive tech is to spot the solution to a need, rather than an answer looking for a question.
