Ritesh Jain is Director and Strategic Advisor, Eastern Financiers and Economic Advisor, Old Bridge Capital. The Calgary, Canada-based Jain is also a global macro investor and Top 3 Global LinkedIn Influencers on Economy and Finance, Mumbai
He is a trend watcher, Global Macro investor and Blogger at worldoutofwhack.com. He has over 20 years of experience in financial markets, bonds, equities, gold, and derivatives. He muses about global macro investment opportunities, economics, business, and financial issues.
Brave New World: Tail risks, sectoral rotation and the problem with gold
Prices of used cars and trucks of up to eight years old that were sold at wholesale auctions in US during the week ended March 21 jumped by 3.1% from the prior week.
Market is just continuing to churn, but I think new highs lie ahead in S&P.
Ritesh Jain, a Dalal Street veteran, trend watcher and Global Macro Investor, captures global macro investment opportunities and economic, business and financial trends with charts and commentaries in this space.
Inflation expectations are on the rise If consumers expect prices to remain stable, then they don’t rush to buy goods, but if they expect prices will rise tomorrow, then they will buy “today”.
New job postings via Indeed.com continue to look strong
Postings will continue to rise, but the openings will be difficult to fill because of generous unemployment benefits. This will lead to rising wages.
Prices of used cars and trucks of up to eight years old that were sold at wholesale auctions in US during the week ended March 21 jumped by 3.1% from the prior week.
This is mostly a chip problem, but I believe this will happen in more industries due to broken supply chains.
We are moving from globalization to deglobalization. Companies that can secure their supply chains will be big winners.
Sector rotation continues
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Market is just continuing to churn, but I think new highs lie ahead in S&P.
This chart explains it so well! The problem with gold is rising real yields.
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)
