What Stocks Will Boom as Inflation Still Looms? | Midas Letter RAW ft GMG, RSF, WolfStreet
Inflation is not good for the stock market.
Markets sold off last week with the major catalyst being the hawkish commentary hinting at tapering this year. This sentiment weighed heavily on commodities and other stocks seeing one of the worst weeks this year.
So all investors, traders, and even the Fed want to know is inflation transitory? Is the weakness in markets we have seen over the last week and this quarter a general reversal in trend or a short-term correction?
If we are talking about the Fed, they will make want to make inflation appear transitory, as it makes their decision-making look correct. The ball is very much in the Fed’s court however as the changes they make to interest rates and monetary stimulus affects all price levels.
It’s worth keeping in mind that September is historically the worst performing month in the stock market as well.
It appears to be a buy-nothing environment. But it’s not all doom and gloom! Midas Letter has 2 exclusive interviews with disruptive companies this week.
GMG is a clean-tech company that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. The company’s proprietary process produces high-quality, low-cost graphene which has environmental improvements while reducing costs. GMG is moving towards commercializing its ion batteries in collaboration with the University of Queensland in Australia.
Rritual Superfoods is an award-winning brand focused on the emerging functional mushroom & adaptogenic superfood market. With the superfood market projected to reach $275 billion by 2025, growing at 7.9% each year, Rritual is aiming to define the sector. Currently, Rritual has 2,400 retail locations and over 10,000 points of distribution projected to grow to 6,000 stores and 20,000 points of distribution by the end of this year. You may have seen Rritual’s products in the largest drugstore chain in the USA, CVS, or more recently as Amazon as the company has advanced its e-commerce capabilities.
00:00 – Midas Letter RAW
01:26 – Show Rundown
02:29 – Voxtur Analytics
03:00 – Inflation
05:09 – Copper
05:56 – Interest rate hike
06:23 – Market weakness
07:03 – Lumber
08:22 – Oil
09:08 – S&P 500
09:23 – NASDAQ
10:10 – Fed
12:01 – Afghanistan
14:17 – **Graphene Manufacturing Group CEO Craig Nicol**
29:29 – Crypto
29:37 – Binance not compliant in Holland
30:20 – Bitcoin (BTC)
30:36 – Crypto Regulation & Central Bank Crypto
32:08 – **Rritual Superfoods CEO David Kerbel**
43:30 – RSF chart
44:35 – Diet
46:47 – Wolf Richter of WolfStreet
1:06:20 – Nikkei-JPX Index