Below are some of the most interesting things I came across this week. Click here to subscribe to our free weekly newsletter and get this post delivered to your inbox each Saturday morning.
There is a very interesting case to be made for investing in the “old economy” today.
Sentiment toward commodities and their producers has fallen to a degree of extreme bearishness you would expect to see at a major market bottom.
However, the headwind of a major dollar bull market over the past decade or so could be in the process of becoming a major tailwind in the years to come.
In that sort of environment, it would likely make more sense to own real assets versus financial ones.
Over the long-term, the performance of the two may be comparable but that truth belies the fact that the trends in favor of one over the other typically last for years if not decades.
Perhaps the days of the outperformance of the “new economy” are numbered.
