Part of the fun of blogging on a weekly basis is simply seeing what resonates with people and why. Now that we’ve reached the end of 2020, I thought it might be a good time to take a look back at what got people most fired up this year.
Back in the spring, after the gold price was hammered along with assets of all kinds, I published Got Gold? highlighting two indicators making, “a compelling case for allocating a significant portion of your investment portfolio to gold right now.” Hopefully, the popularity of this post is indicative of just how useful it was to readers.
A few months later, I turned my attention to the Generational Opportunity In Commodities as they appeared incredibly undervalued relative to other assets of all kinds. Commodities have risen nicely since then but remain deeply undervalued, in my view.
Eventually, I dialed the commodities trade into what became my most popular blog post of 2020: It’s Time to Get Greedy In The Energy Sector. Energy stocks are already up more than 25% since this was published but, if I’m right, this is only just the very beginning for what may be the most hated sector of all time.
Second only in popularity to that post was Please Stop Asking Me About Bitcoin. This one has generated, by far, the biggest backlash of anything I’ve ever written. And despite writing it a month or so ago, this is still the most popular question I get right now. Friends I haven’t spoken to for months have reached out over the holidays to ask if they should “get in.”
Finally, This Is The Textbook Definition Of ‘Late Cycle’ In The Stock Market also seemed to resonate with readers. Equity valuations are at record highs, sentiment is about as frothy as it ever gets and long-term momentum is waning. In many ways, it’s really the opposite of a “generational opportunity” (but don’t try telling that to all the new raging bulls out there).
Through the lens of the markets, 2020 was a banner year, if unusually volatile. Outside of the world of finance, however, things were obviously very different. So, in many respects, we might rationally expect that in 2021, to quote Horace, “Many shall come to honor that now are fallen, and many shall fall that are now in honor.”
Either way, I wish you a healthy and prosperous new year.