Our 2022 Portfolio

Happy 2023, everyone! While I have no idea what 2023 will bring, it would be pretty hard for it to match last year’s casserole of crazy. Inflation, war, spiking gas prices, and the fastest interest rate increase in history made last year a true head-spinner. Personally, I’m rooting for 2023 to herald in that goddamned “Roaring 20’s” we were promised when the pandemic ended. Well, as you know, we here at Millennial Revolution know how to party. So of course FIRECracker and I spent New Year’s Eve knee deep in spreadsheets so we could write this post. So without further […]

Which Way Is The Economy Going in 2023?

It was the best of times, it was the worst of times. Charles Dickens used this phrase to describe 18th century London in the opening to A Tale of Two Cities, but it could easily be used to describe today’s economy. Depending on who you ask, we are all going to be fine, or we could be sleepwalking into a massive recession the likes of which we have never seen before. Predicting the future direction of the economy has never been an exact science, but I’ve never seen a year like 2022. Remember in January, when the big debate on […]

Is a Buy Signal Flashing for Preferred Shares?

It’s been a tough year to be a bond investor. Well, technically, it’s been a tough year for every investor, but the interest rate environment of 2022 has been especially bad for bond investors. Traditional portfolio management operates under the assumption of stocks and bonds being anti-correlated with each other, meaning that when one moves up the other goes down and vice versa. It also operates under the model of stocks being volatile while bonds are safe. 2022 has blown up both rules. Year to date, the S&P 500 has gone down by about 15% for a variety of reasons […]

Is Inflation Starting to Peak?

(Note: Stay tuned until the end of this post for a fun give away!) Inflation. It’s everywhere, affecting everything from gas to groceries to rent, and it doesn’t seem to be disappearing anytime soon. Just last week, the US Bureau of Labor Statistics released their inflation report for June 2022, and US consumer prices clocked a nose-bleed inflation level of 9.1%, the highest in about 40 years. Inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1% year-over-year, according to fresh data released Wednesday by the Bureau of Labor Statistics. US inflation hit 40-year […]

Is It Time To Buy Bonds Again?

Bonds have been having a rough 2022. Though to be fair, pretty much every asset class has too. The S&P 500 officially hit bear market territory in June 2022, Europe and the international markets are also down about 20%. Canada has been the over-performer this year, losing “only” 10% YTD, our export-heavy economy benefitting from the rise in oil and wheat prices caused by the war in Ukraine. Bonds are usually supposed to be anti-correlated to the stock market, meaning that when stock markets go down bonds are supposed to go up as investors flee from risky assets to safer […]

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