After falling briefly to 2.53%, 10-year US government bond rates have climbed back to 3.1% in just three weeks, anticipating continued interest rate hikes. Gas and energy prices in Europe are shooting through the roof, and some even predict UK inflation of 15% near term. In sum, the macro situation is still pretty challenging, clouds appear to get even darker for now. After a little rally in “unprofitable growth” stocks, I have decided to re-allocate a bit more towards safer opportunities.
Purchases:
I am putting my money where my mouth is. Following my article about Meta Platforms I have increased my Meta position from 10% to 23%, making it my second largest position after Opendoor (25%).