Chris Vermeulen joins Portfolio Wealth Global for a rare and informative interview where he covers all of the major sectors in the stock market, precious metals, crypto, real estate, and cash. Last year the leading sectors were green energy and biotech but they are currently out of favor with the solar sector underperforming. Dirty energy such as oil and the retail sector has bounced back strong with the vaccine rollout and the economy starting up again.
The precious metals are in a bull market with gold starting in 2019, silver following in 2020, and Platinum starting in January of this year. Gold miners have been out of favor since late last year and may continue for the short term but if you step back and look at the big picture in 6-12 months from now they should take off with the beginning of a 10-20 year commodity bull market.
We are in a massive retail real estate bubble with real estate in Toronto recently jumping up 20%. Commercial real estate is down drastically since COVID hit last year but is expected to rebound strongly.
While Chris feels he may be in “no man’s land” with his knowledge of crypto his technical analysis shows Bitcoin going to $72,000 in the next leg of its bubble phase.
For 30%-45% of the year, Chris is in cash, one of his favorite positions when the market is volatile and there is excess fear in the market.