I am fearing inflation more each day. Do this exercise. For those who use instacart or door dash, go back and look at your price paid for item pre-pandemic and look at them now. I did it this weekend, the results will most likely surprise you.
Real Retail Sales soared on recent stimulus activity. Recent reports have been well above the pre-COVID trend and not representative of normal retail activity. Many view this activity as a positive surprise, but it appears to be vast over-stimulation in my experience which is likely to result in inflation.
Investors should be invested in a rise in inflation, avoid fixed income and add to industrial companies likely to benefit from rising prices.
Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis.
His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.
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