Thanks. Be clear to keep strategy and tactics apart. A lot of what I am doing is tactics as part of some big themes:
- Interest rates rising
- Economic growth (Europe, some Emerging Markets, Technology, Steel)
- Undervalued markets (e.g., Japan)
- Oil and oil economies (e.g., Russia)
- Batteries (esp lithium and cobalt). Maybe time to classify as alternative energy (e.g, solar, clean energy)?
- Core commodities predicated on economic and population growth (agriculture generally, grains and corn specifically, zinc, nickel, rare earths, fertilizer)
- Uncorrelated markets and hedging (e.g., gold, frontier markets, Saudi Arabia)
- Cryptocurrency (growth projects and hedging)
- Opportunity Knocks (e.g., mispricing, over-reaction. eSports, Sports betting, tariffs)