Yves has an update to his recent posts:
Sitting on an Inflation Powder Keg
Voices of hyperinflation have been quieted down. We have agreed with participants on the matter but not on their timing.The economy has shown more resiliency than economists expected. We have been and remain bullish.
As fear dissipates, we are sitting on an inflation powder keg! Massive amounts of liquidity will move back to real assets in due time. It has been a slower process because there is a lot of fear out there.
We think that we are now nearing this inflection point and it is quite exciting. Our advisory services already look to score nicely for the first half as we have been mostly long stock indices only.
It has been brutal for many markets. Money managers have unwinded bets on the conviction of a slowing global economy.
We think the second half provides hope of picking up great plays to finish up the year strongly.
Already amongst the back drop of a slower macro economic picture bonds should have rallied. They have not and the drop took players by surprise.
It is further proof that we are turning the page. As our forecasts are right on, we have growing confidence in our outlook of a better coming future.
A massive liquidity wave is coming. We feel that it is going to be exciting. Participants are unprepared !
Yves Lamoureux http://lamoureuxandco.com/