RE: Stock Rotation - Cheerio CEY5 Dec 2021 09:04
TheBeerStalker- I agree with much of what you say. Gold bombed along with all stocks at the start of COVID and only got a bid, like all stocks on recovery (broadly). What did I do in March202, like most I dumped my stocks out of fear and liquidated to cash, I certainly did not buy gold- nor did anyone else hence the drop. CEY is a fab trading stock, like all PMs. I had expected with inflation that gold would have had much more of a bid, along with many and am surprised that this was not the case- but like many things, the drivers are becoming exponentially more complex and will continue to exponentially rise- the reason I don't follow historical charts...
With my main pension, which I don't manage myself, but is global equity based, it has risen greatly, due, in my view, to the "K" shaped recovery. Interest rates are so low- so people and fund managers need to put their money to work somewhere. Should another COVID like event occur again like in ~March2020, people will again go cash, being ready to pile back into to equities at what they see as bargain basement prices.
I agree travel sector are a bargain buy for the long term- it's a question of when to pile in.
Good luck.