Hedge Call remains in Place…

Expanding on all this it is interesting to see where investors are placing their money since the August 3rd Inflection Point. The obvious and logical areas are commodities, especially agricultural, commodity ETF’s like BCI. The CRB index does a good job of showing the rise in wholesale prices, we will just have to wait to see if the wholesale price index points out that direction. Of course, the old standby’s Gold and Silver have picked up on that theme. Then you have the market that is really based on the greater fool basics, Bitcoin, it is also trying to act like an inflation hedge, we will just have to wait and see how that works out.

Then maybe more interesting is to look at the stocks that have done well, since August 3, namely the drug stocks like MRNA with attendant drug ETF’s like ABI and Cure, and the software catchups, PLTR and CRM, and ETF IGV. And then you can see the wilder choices, like PSKY, SMCI, COIN, HOOD, ABNB, EL that will prove interesting if a inflation based recession develops.