Nothing. Yesterday, during the storming of the American parliament by the hooligans, I watched two things – SP500 (the world of American stocks) and VIX (the index of volatility or “fear”). It struck me that an event of this magnitude had no effect on the markets. But this is a political crisis! America closed + 0.60% and the VIX fell -1.07%. And this means a simple fact –the markets don’t care about anything except printing money. Markets are driven by the printing press.
Consequently, we will see continued gains in equities across all cyclical sectors and especially in investment grades that are directly driven by rising inflation. We will further expand our positions in commodities and inflationary sectors. Don’t miss the opportunity, too.