Earnings calls will include a lot of information about the bounce back in business activity, which will vary greatly from industry to industry. We will be listening to many calls of interest in order to gain insight into these dynamics as closely to real-time as we can manage.
November’s elections are beginning to enter public and investor consciousness. From an investment perspective, the makeup of the Senate is even more important than the presidency itself. The market will likely soon begin to focus on potential ramifications of the election for the Senate, and this could certainly lead to volatility as the summer progresses. Markets are high, and there are many potential catalysts for volatility.
We like technology, including work-from-home beneficiaries, software, 5G, cloud, biopharma, alternative energy producers and suppliers, some retail and consumer (but be selective), select financials, and industrial growth stocks, as well as gold and other beneficiaries of the fear sparked by rapid growth of the money supply. In emerging markets, investors could consider India, for reasons we have often discussed in these pages.
Thanks for listening; we welcome your calls and questions.
