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<p>[QUOTE="yakpoo, post: 7565522, member: 18157"]Basically, he's saying that stocks, bitcoin, and PMs are bubbles ready to burst. As they burst, money will flow into U.S. Treasuries...pushing down yields and pushing up prices. I don't see that happening while the Fed and the Administration have their foot on the Monetary/Fiscal gas. Actually, quite the opposite.</p><p><br /></p><p>The more non-existent money we print, the more likely Mr. Dent's prediction will come true...but not by June 2021. This sugar high will likely last into the 2022 election cycle at least. Another data point is the U.S. Dollar Index (DYX)...which has fallen from 102 to 89 over the past year. That's bullish for exports...as the rest of the world emerges from Covid lockdowns.</p><p><br /></p><p>Defense is another strong area. Take a stock like Lockheed-Martin. It's trading at 15x earnings and pays a 3% coupon. It's a wide-moat stock with $160 Billion dollars in backorders. A cheap dollar and rising military threats around the world should lift future sales. A Defense ETF should be a part of every portfolio (imo).[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 7565522, member: 18157"]Basically, he's saying that stocks, bitcoin, and PMs are bubbles ready to burst. As they burst, money will flow into U.S. Treasuries...pushing down yields and pushing up prices. I don't see that happening while the Fed and the Administration have their foot on the Monetary/Fiscal gas. Actually, quite the opposite. The more non-existent money we print, the more likely Mr. Dent's prediction will come true...but not by June 2021. This sugar high will likely last into the 2022 election cycle at least. Another data point is the U.S. Dollar Index (DYX)...which has fallen from 102 to 89 over the past year. That's bullish for exports...as the rest of the world emerges from Covid lockdowns. Defense is another strong area. Take a stock like Lockheed-Martin. It's trading at 15x earnings and pays a 3% coupon. It's a wide-moat stock with $160 Billion dollars in backorders. A cheap dollar and rising military threats around the world should lift future sales. A Defense ETF should be a part of every portfolio (imo).[/QUOTE]
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