So we end another topsy-turvy week in the markets…
The S&P 500 rallied Monday and Tuesday on hopes the Federal Reserve would pivot from its rate hikes, sending stocks up nearly 6%… Only to sink 3% by week’s end after Treasury yields spiked and the unemployment rate fell.
That’s a signal that inflation fears are still causing massive volatility.
If you’re waiting for a pivot by the Fed to save you in the short term, then you’re setting yourself up for a big disappointment.
That’s why Daily editor Teeka Tiwari says you need to think outside the box to beat inflation.
While stocks and bonds are crashing (even a safe haven like gold is down 7% this year)… one asset class we’ve been pounding the table on is outpacing inflation.
I’m talking about collectibles. And if they seem like an odd investment idea right now, think again.
Right now, high-net-worth individuals are pouring money into collectibles like luxury watches and fine art to protect themselves from inflation. And some pieces are setting records – selling for millions of dollars at auction.
This past week, we showed you how to gain exposure to this growing trend… and how to easily add them to your portfolio. Read on for more…
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Regards,
Chaka Ferguson
Editorial Director, Palm Beach Daily