A couple of readers have asked me whether now is a good time to be investing in the markets.

My view is that with the exception of certain areas that look a big pricey (big tech I’m looking at you), stocks look pretty fairly priced right now, given all the uncertainty.

There are massive inflationary forces in play due to all the money printing and stimulus, and there are also massive deflationary forces due to COVID19 and the demand shock.

For the time being at least, the two forces have cancelled each other out, so we have a period of relative stability. I don’t think this lasts though, so eventually either force will win out.

Whatever the case, there’s no doubt that a lot of big name stocks are significantly cheaper than where they were back in Jan 2020.

So is it a good time to be investing?

Well, definitely better than it was in Jan 2020.

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