One thing that has become apparent over the past decade is the growing connectedness between the physical and digital world. VR (Virtual Reality) and AR (Augmented Reality) products have made it possible to explore new universes and to see the existing world in new ways.
Below are Evergreen Gavekal’s Likes/Dislikes for March 26, 2021.
Over the past several weeks, a sharp spike in bond yields has created volatility in equity markets. In particular, the Nasdaq and many tech companies have come under scrutiny as investors have reconsidered their exposure to these historically expensive securities. Inflation has also been a red-hot topic as new stimulus gets distributed and further stimulus is being discussed in Washington.
Below are Evergreen Gavekal’s Likes/Dislikes for March, 19th, 2021 EVA.
As an overarching recommendation, present market conditions have become so hyper-bullish that this author is suggesting significant profit-taking; related to this, new buys should be limited to those securities that offer a compelling risk/reward proposition. Gold miners are an example of the latter after their correction since this summer’s spectacular run-up.
In this edition of Evergreen Chartbook, we will explore the continued economic recovery that started in Q2 of 2020, examine some key charts illustrating attractive areas we see in both equity and income markets and provide our outlook looking forward.