Momentum Monday – Technology Shmecknology


This post is by Howard Lindzon from Howard Lindzon


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Happy Monday everyone.

Back to the grind.

As always, Ivanhoff and I got together on Sunday to make our ‘Momentum Monday’. You can watch/listen right here on YouTube. I have embedded the show below:

I am long-term overweighted software and technology, but if I had no crypto exposure, 2021 would be off to a rough start. Google, Facebook and McDonald’s have been my best stocks in my 8-80 portfolio this year. A lot of my stocks are in 30-40 percent pullbacks, including Zillow.

AS FOR CRYPTO…EVERYTHING IS WORKING. I have been talking about this on my blog for months and this weekend was no different.

Here is what Ivanhoff had to say:

Markets are cyclical. It feels like it’s 2006 all over again. Crocs is at all-time highs and basic material stocks are one of the hottest assets to own right now. If NFTs, doge coin and other cryptos didn’t exist, people would be talking about steel stocks all day long.
Lumber is up 130% year-to-date, lean hogs are up 60%, corn is up 50%. The list goes on and on. Inflation expectations continue to rise and as we all know very (Read more...)