Podcast Archive

Marcus Strategy Tuesday July 21st


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Big day for technology stocks today as the NASDAQ hits all time highs again whilst the 'old world' falls - the Dow Jones was down. Its a technology driven stock market and we ask this question today, "Does Amazon want a vaccine". And for that matter, does Facebook, does Netflix? Of course not. We've been getting it all wrong. The virus is good for the stock market. Cramer is wrong. If you want the stock market to go up, take your mask off, don't put one on. It doesn't mean the economy isn't rooted, it is, and its devastating some industries, but when it comes to the stock market there are some real beneficiaries. The problem for us is that they are almost all in the US and whilst a stock like APT is a clear winner on logic, the share prices in the sector in Australia are caught in the wake of the US, lack the profits and revenue and are more sentiment and herd enthusiasm than they are value. But it could run and run. So don't sell yet. We also look at a post pandemic world, a few charts and make a few revelations about property in Australia. 

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