MM 16 February 2021

 Quotes

Keep an open mind, but also follow your process

Markets & Macro news

Euphoric

As Japan is almost back to peak 1989

Higher prices historically have meant lower forward returns

That said, post recession rallies are always strong

Not necessarily if you look at the  Fed balance sheet

And flows

As bonds are not the place to be

Even poor credits offer no yield (and even negative yields adjusted for inflation)

Inflation is coming back

Tin is being squeezed, Platinum is spiking, so expect Silver to follow!

The main spoiler could be the US dollar

Meanwhile Bitcoin follows stock to flow, not the dollar

Themes, Sectors & Corporate news