David Neuhauser of hedge fund Livermore Partners on CNBC discusses “Copper is the New Oil” and “Avoid Meme Stocks.”
Q1 2021 hedge fund letters, conferences and more
To Partners and Friends:
Below is a link to our interview with CNBC which is receiving some air time. We continue to witness market froth in the backdrop of higher inflation and new signs of slowing expansion from the deep pandemic lows.
The setup of accommodative interest rates and slow growth may look like another goldilocks scenario (leading to a new long-term business cycle), but that thesis this time around, seems flawed.
Massive supply disruptions, huge trade imbalances and unheard of corporate and government debt will eventually cause negative shocks to the system and thus, economic activity.
Therefore, Livermore will continue to focus on value opportunities, especially within gold, silver, copper and other select commodities given fiat currency debasement. This will be the path required to protect us against an inflationary backdrop, which is looming large..
As for the interview link, CNBC made it required to be a PRO member to access.
Avoid Meme Stocks: Why Amazon And Other Tech Giants Are Looking Less Attractive
David
