Lately, stock markets have been getting jittery. Asian markets continued trading sideways while the US and European stock markets struggled to move higher in a zigzag manner. It seems to me that the stock markets have less concern over the resurgence of the number of covid cases globally than the recent US policy initiatives. “Ivan’s Reflection” is my monthly investment notes. The purpose of this article is to document my thought process so I can review if they are right and wrong in the future. The strategy I use is called Global Momentum Compass which I have developed over the years through my experiences of helping clients manage their investment portfolios. New tech vs old tech The previous pandemic beneficiaries such as technology stocks are still under pressure given Yellen’s comment that the US Fed “may have to raise rates”. I have explained in an earlier article that rising interest rate expectations are detrimental to the stock price of growth companies....