Inflation Angst Is About to Rewrite the Stock Market Playbook, Citi Executive Pulls James Bond Stunts to Woo China’s Rich,
Inflation Angst Is About to Rewrite the Stock Market Playbook – Bloomberg
“For bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.”
““Lead indicators suggest that an inflation scare may be in the making,” Levkovich wrote. “Companies with price flexibility should come out as winners.””
“Energy stocks have the best track-record during periods of rising consumer prices, according to Ned Davis.
In seven out of nine cases of high inflation since 1972, the industry outperformed the S&P 500 by a median of 14 percentage points, the study showed.”
“Kostin wrote in a note earlier this month.
“Historically, inflation has boosted nominal S&P 500 revenues, but weighed on profit margins as companies struggled to lift prices at the same pace as rising input costs.””
Citi Executive Pulls James Bond Stunts to Woo China’s Rich – Bloomberg
“Darren Buckley, head of consumer banking for Citigroup China, and is also the star of the bank’s James Bond-inspired marketing campaign.“
“In a dozen short videos posted on CitibankChina’s official account on Douyin, the Chinese iteration of TikTok, Buckley’s 007-style character rides motorcycles, masters kung fu and pulls fire out of thin air. He’s often in pursuit of a glamorous, dark-haired woman, played by Buckley’s real-life wife, Aphitchaya Boonkhong.”
“Buckley credits Douyin and other social media campaigns with bringing in new users, and the number of clients with more than $1 million in assets at the bank grew 60% in 2020.”
Saudi Arabia’s MBS and the UAE’s MBZ Are on an Economic Collision Course – Bloomberg
“The Saudis and Emiratis are pursuing diversification into the same sectors: tourism, financial services, logistics, petrochemicals, technology. Since they both lack the talent pools required to serve these industries, they must vie with each other for expatriate expertise as well as investment.”
“Starting in 2024, foreign companies seeking contracts from the government and its institutions will be required to base their regional headquarters in the kingdom. This is an unsubtle signal to companies currently based in the UAE: Move to Saudi, or miss out on opportunities worth trillions of dollars in the GCC’s largest market.”
Revealed: Impact of Covid-19 on GCC retail banks revenues
“BCG’s new report, a new report titled Global Retail Banking 2021: The Front-to-Back Digital Retail Bank shows the projected revenue outlook of retail banks in the UAE, Saudi Arabia and Kuwait in three retail banking revenue growth scenarios.”
“Findings from the report indicate that the most affected retail banking products in regional banks because of the pandemic are consumer loans and deposit revenues.”
Bitcoin (BTC USD) Cryptocurrency Price News: Bill Gates Says Elon Musk Is a Pro – Bloomberg
“For Gates, it’s not something Main Street should buy into — plus it’s bad for the environment as mining the coins requires a lot of energy.”
“The debate over Bitcoin isn’t new. Billionaire Warren Buffett deems cryptocurrencies have no value and don’t produce anything. Treasury Secretary Janet Yellen, another long-time skeptic, said at a New York Times conference earlier this week that Bitcoin is an “extremely inefficient way of conducting transactions.””
Real Estate Investing: Where Multimillionaires Are Putting Their Money – Bloomberg
“The portfolios of members of Tiger 21 — a network of wealthy entrepreneurs, investors and executives with an average of $100 million in assets — have an average of 22% in public stocks.”
“Real estate remains the largest chunk of portfolios, at 27%. Tiger members are trying to figure out “what has changed forever in real estate, what has changed temporarily and what will bounce back quickly,” Sonnenfeldt said.”
“Industrial real estate “is on fire,” particularly distribution centers that form the backbone of the internet delivery chain, said Sonnenfeldt. Investing in workforce housing is also popular.”
“What members do not feel is hot is hedge funds, which have steadily shrunk from being 7% to 9% of portfolios a decade ago to 3%, the lowest percentage ever.”
“How do members feel about two of the most-talked about investments, crypto and SPACs?”
“Hot, hot, hot,” said Sonnenfeldt.
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Side Hustles Help Gen Z Make Money, Carve Out a Post-Covid Future – Bloomberg
“Swiping through TikTok or Instagram, it doesn’t take long to find clips of enthusiastic teens explaining how they earn money through various side projects — whether it’s selling customized clothing, dog walking or offering business services such as copy writing or bookkeeping.”
“While not all side hustles will flourish into full-time employment, they can give young people some added security with an extra revenue stream — a “built-in plan B” as Clark calls it — along with skills that will help them in their careers down the line”
“Plus, having the purpose of a side hustle and an outlet for creativity could also help ward off some of the adverse mental health effects teens and young adults are suffering amid social-distancing restrictions.”