NANR - NANR: Hedging The Inflation Re-Acceleration

2024-03-15 17:53:05 ET

Summary

• Inflation is reaccelerating.
• The SPDR S&P North American Natural Resources ETF's portfolio of resource equities should serve as a hedge against such inflation.
• The Fund's management fee is competitive and the fund pays a quarterly dividend.

Introduction

Over the next 24 months, I am positioning my portfolio for several events, including a re-acceleration of inflation. While I believe the pundits on Wall Street and Washington want to pretend that we are headed toward 2% inflation, the numbers are telling another story - earlier this month, we learned that the consumer price index (" CPI ") for February 2024 rose at a faster pace for the second month in a row. The CPI rose 0.4%, up from 0.3% in January, and the core inflation rate, minus food and energy, rose at 0.4% for the second month in a row, or 3.8%. In addition, the producer-price-index for February rose 0.60% versus estimates of 0.30%....

For further details see: