Let’s talk about inflation for a moment, because worries over rising prices are boiling over, and we contrarians can work them to our advantage.
If you’ve been watching the markets—and I’m guessing you have—you know that the rising 10-year Treasury yield, and the specter of inflation it brings, has weighed on stocks—particularly tech stocks.
Inflation Worries Weigh on Tech
As you can see, the tech-heavy NASDAQ, which outperforms the S&P 500 over just about any timeline, has fallen well behind in 2021 as of this writing. Meantime, Treasury rates continue their climb.
Inflation Pressures Rise
Here’s where the story gets interesting, because normally inflation fears trigger a rush into gold—but that’s just not happening this time.… Read more