Lions and friends…
As you know, I have said repeatedly that we need exposure to commodities… with that, several months back I had suggested ticker PDBC, which is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a combination of financial instruments that are economically linked to the world's most heavily traded commodities.
PDBC has gone virtually straight up since January and very well may have a lot higher to go in this environment.
Now, I am NOT in the business of picking market tops/asset tops and or bottoms and I am NOT saying that PDBC has topped out however, I would not be surprised to see PDBC give some back after such a run higher. In January PDBC was trading in the mid-$14 range, today it is over $20.
Just a heads up.
GM
To know where inflation is going keep an eye on oil. I was giving my niece a lesson on John D Rockefeller and how he made his fortune from oil in America . We googled , there are over 6000 products made from the fractional distillation of oil ( I’m a clinical consultant, Health economist and student of chemistry , physics and maths) . It just occurred to me 🤔.As the price of oil rises so does the price of everything that gets produced from oil leading to increased prices and inflation!!! Now if inflation is said to be rising , more inflation as Greg has predicted ( which I concur ) then by deduction the price of oil is going to be sky rocketing contributed to by Russian conflict reducing supply and China increased demand this by Keynesian economic principles will lead to increase in oil price per barrel !!
Conclusion
1. Keep an eye 👁 on oil prices good indicator of inflation
2. As Greg said 10 year bond price to know what’s happening on the stock market 📈 📉
That’s it , I’m off on my Nomad wandering again, hope this helps us all to survive the madness of Feds , BoE and the other crazies !
Travelling as a pack of lions 🦁 there is safety in numbers
Take care & Be well 🙌🏾
Thanks