Get defensive for the short term now. Things are going to get ugly. Inflation will or has hit 10% and the Fed is going to raise rates maybe but regardless now they are behind the 8ball so to speak, in other words,,, a bit too late. A recent interview with a Federal Reserve Bank official said the Fed used to be ahead of things to try to prevent inflation, but that is not how it is now, due to Covid etc…. Many college professors in finance say all things too expensive….. tech stocks, bitcoin, and gold so I invest now in defensive value stocks to protect my stock portfolio. These are my faves for the week…
Mining Stocks – Hudbay Minerals (Ticker Symbol HBM) $8.11; Global X Copper Miners ETF (exchange traded mining fund with good exposure to Copper) (Ticker Symbol COPX) $40.37
I have moved into greater shares of $HBM $FQVLF $COPX (COPX IS THE exchange traded fund holding all mining companies) pricing in about $40 a share today)
