COVID mixed with endless monetary easing has set us on one hell of a financial wild west.
On Friday, 30 year mortgage rates hit an all-time low and this morning, Bitcoin is trading over $28,000 per coin.
It seems crazy not to buy a house, but you have been front run by everyone on Zillow doing so already.
One trend that seems obvious is the acceleration of alternative investments.
A few years back we invested in Rally Rd and this fall it seems like investing in collectibles has caught fire.
This week the team put together a very creative set of NBA Championship Rings from the Chicago Bulls dynasty and the $300,000 IPO took just TWO minutes to complete.
This is not just a one way street in. The secondary markets are quickly developing for these assets. This Super Mario card proved to be a great investment for the speculators:
Of course that could mean we are hours from the top, but I think the trend in collectibles is early.
My best explanation for the trend is that Rally Rd. is where culture meets taste meets memories meets speculation meets curation meets investing meets brand. The brand part…where ‘Supreme’ meets investing is something that will matter.
Next up is gaming. Gaming is everywhere, including the stock market in 2020. It is deeply international as well. The best read on gaming and media has been Matthew Ball. Do yourself a favor and go through his essays if you want to understand these trends that should continue.
I have covered Cannabis a lot in the last half of 2020 and the trend seems early. My friend Todd Harrison was a frequent guest of mine on Zoom and my podcast. Here we are talking about the coming year back in October. The US multi state operators have been on fire since Todd mentioned them to me. I think the pullbacks will be bought in 2021.
Finally, The sentiment for technology stocks right now is as ‘hot’ as I can remember. That would make sense, because my partner Charlie points out that the last time technology stocks led two years in a row was 1998 and 1999…
I won’t be surprised if technology stocks suffer in 2021.