Market Musings 270424: Time to focus on Deep Value?

Market Musings 270424:Time to focus on Deep Value?Podcast: Ramping up investment in electricity transmission infrastructureBonus podcast: Ther Meb Faber show – GMO’s Catherine LeGraw – Capitalizing on Global Asset Allocation in 2024 Global stock markets rebounded last week: Euro STOXX 50 and Samp;P 500 now only 2%-3% off end-March highs. Nikkei 225 has corrected more, but is also bouncing;Despite the surge in long-term interest rates (bond yields) since the end of 2023;High risk assets: Nasdaq 100 index rebounds post strong quarterly results from Microsoft, Google, but Bitcoin continues to mark time around $63,000;Precious metals: Setback for gold and silver after a breakneck run since March – but breakouts to new highs are intactDeep value is a very attractive long-term investing opportunity now, according to GMO 1. Major stock indices rebounded last week, Euro STOXX 50 only 2% off recent high Source: tradingview.com 2. In spite of the pressure from rising long-term interest rates Source: tradingview.com 3. High-risk assets: Mega-cap tech rebounds on the back from strong quarterly results at Microsoft, Googlebut Bitcoin marks time $10,000 below the recent all-time…