Patience is key in this market.
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We want to reiterate our main investment theme.
- Rotate out of the digital and into physical.
Let everything come down more below allocating. DO NOT RUSH INTO THIS.
Everything that should be working is not. This is great for investors with cash on the sidelines waiting.
Use the volatility as opportunity but be patient.
VIX over 35 would be a great spot to start.
Focus on companies and assets such as hardware, infrastructure, cigarettes, and energy — things that cannot be disrupted by AI, because it will happen.
AI cannot disrupt physical assets. (Don’t forget about collectibles). We started GMG Collectibles for this sole purpose.
Interest rates are going higher. Keep a close eye on the 10y going above 4.25%
Copper, there’s no meaningful supply coming on for the next 8 years.
We still like the Kospi ( Samsung, SK Hynix) for international exposure
Again, we continue to invest in AI infrastructure and Capex/Supply Chain bottleneck beneficiaries — cooling, electricity, processing. Examples include Samsung Electronics, ASML Holding, SK Hynix, Johnson Controls, Chemours, Moog Inc., Coherent Corp, and hardware leaders like Google, Tesla, Nvidia, and Advanced Micro Devices.
Being good at investing is an innate skill-set. You either have a skill-set for this business or you don’t.
This is the best chart we’ve seen in months. Here are the people about to lose their jobs to AI.
