Tech Bubble or Rotation?

View this email in your browser E-mail sponsored by Masterworks: Last week, you might have heard that Christie's Auction House cashed in on the NFT mania, setting a new record of $69.3 million for a digital artwork. The takeaway? Art investing has hit the mainstream. But if you're anything like us, putting your money in real, tangible art by blue-chip artists makes a lot more sense. For one thing, contemporary art prices have outperformed the S&P by 172% from 1995–2020 according to data from Masterworks. They are the first platform to let you invest in paintings by the likes of Basquiat, Kaws, and Haring. But what about returns? They've got that too: they recently sold their first painting, a Banksy work, for a 32% annualized return to investors. With results like that, it's no wonder there are over 25,000 people on the waitlist. Use this link to skip to the front today. *See important info Tech Bubble or Rotation? The Spectacular Tech Bubble Burst in March 2000 Source: Deutsche Bank     Investor sentiment tends towards reactions and overreactions to whatever just happened. Since the Covid Crash last year, the big move off of the lows in the S&P500 Index, the giant moves in Nasdaq/Technology + a combination of Bitcoin’s monster gains + the… Read More The post Tech Bubble or Rotation? appeared first on The Big Picture. Read on »   10 Wednesday AM Reads My mid-week morning train WFH reads: • How Not to Panic About Inflation Do you remember the great inflation scare of 2010-2011? It's an episode worth revisiting, because there's a good chance that we'll see a replay over the next year or so. (New York Times) • A Look Back at the Corona Crash One… Read More The post 10 Wednesday AM Reads appeared first on The Big Picture. Read on »     Barry Ritholtz Barry L. Ritholtz is the founder and chief investment officer of Ritholtz Wealth Management. He was named one of the "15 Most Important Economic Journalists" in the United States, and has been called one of The 25 Most Dangerous People in Financial Media. Copyright © 2021 Ginormous Content LLC, All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Ginormous Content LLC 24 W 40th New York, NY 10016 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.