Investors were taken by surprise last week when the US consumer price index rose 5.4% year-over-year in June, the fastest pace seen since August 2008. On a monthly basis, it rose 0.9%. Excluding the volatile food and energy prices, while the Core Consumer Price Index rose 4.5% in June, this was the fastest pace since 1991.

On February 16th, the dynamics of the market shifted as we saw the beginning of a large rotation away from the growth stocks that led us out of the 2020 bear market.

I recently joined the ‘Building Wealth’ podcast with Rajeev Aggarwal. Among several other topics, we spoke about why the I/O Fund thinks having some exposure to Chinese stocks is a good idea, and our long-term view for crypto investments.

Asana is the best performing cloud stock this year. The I/O Fund discusses how they identified this opportunity by using a blend of fundamentals and technicals to remain with the stock through the growth selloff. I/O Fund also added to the position in May for an 85% gain in under a month.

On March 2nd we provided a detailed webinar regarding the state of Bitcoin. We outlined that we could see one more push for Bitcoin into the $64,000 - $107,000 region before we see a major top form.

Knox Ridley, the Portfolio Manager for the I/O Fund, has written an overview of the levels he is watching for the Nasdaq 100 and also why the Dow Transportation Index will help confirm if we see the next leg higher.

As earnings season winds down, we review earnings reports for popular growth tech stocks Etsy, Square, and Palantir.