When I said we thought travel stocks would double…

Monday, 5 July 2021

When I said MB Fund was long travel stocks because we thought one day soon we would wake up and discover that they had doubled, I did not mean quite so fast:

That’s a 42% premium to Friday’s close. And yes, MB Fund is long.

Obviously, capital can see the reopening coming and corporate action on suppressed travel stocks is now hot-to-trot.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.