A few thoughts on the topic. The main theme this year is diversification. Anyone who has read the major banks' annual outlooks for 2026 will see that they are looking for ways to diversify their portfolios and reduce their exposure to AI. Real assets such as metals or real estate also offer protection against inflation. Regarding Warshs appointment the yield curve is pricing in dovishness, so I don't think the hawk's prediction will come true. This is not necessarily a positive development, as interest rate cuts for the wrong reasons can be detrimental to equities.
I was lucky to get out of a nice amount of my silver position I picked up years ago around 20$ two days before the crash. I read about silver price suppression. Why it is one of the only assets not to rise in the last 30 years when adjusted for inflation. Up until the recent run of course.
The 2010s were called the lost decade for commodities and especially metals. Gold has suffered an intense crash in 2012 and actually regressed pretty bad in the following years. Let’s hope it won’t lead to that catastrophic of an event when this bull run is over.
What’s interesting is that when analysing the holdings of the respective infrastructure ETFs mentioned, each of its stocks has surged since October, sometimes ranging from 12 to 24% higher. These are the quiet compounders that are to be found when building a portfolio, it’s amazing to witness that many opportunities.
Great article as always!
A few thoughts on the topic. The main theme this year is diversification. Anyone who has read the major banks' annual outlooks for 2026 will see that they are looking for ways to diversify their portfolios and reduce their exposure to AI. Real assets such as metals or real estate also offer protection against inflation. Regarding Warshs appointment the yield curve is pricing in dovishness, so I don't think the hawk's prediction will come true. This is not necessarily a positive development, as interest rate cuts for the wrong reasons can be detrimental to equities.
I was lucky to get out of a nice amount of my silver position I picked up years ago around 20$ two days before the crash. I read about silver price suppression. Why it is one of the only assets not to rise in the last 30 years when adjusted for inflation. Up until the recent run of course.
The 2010s were called the lost decade for commodities and especially metals. Gold has suffered an intense crash in 2012 and actually regressed pretty bad in the following years. Let’s hope it won’t lead to that catastrophic of an event when this bull run is over.
Great piece
What’s interesting is that when analysing the holdings of the respective infrastructure ETFs mentioned, each of its stocks has surged since October, sometimes ranging from 12 to 24% higher. These are the quiet compounders that are to be found when building a portfolio, it’s amazing to witness that many opportunities.