Value and cyclicals are doing better than tech tech just in the red energy and financials at the top of the pile. Stephanie, are we getting a rotation, the start of something that might last a bit longer than it has done ever before well, you know my position. I own a bit of growth and value. Im hoping value has its day in the sun. What you need for value to work is better growth and also a higher expectation for inflation. While we are Getting Better growth sequentially. Youre not getting anything close to inflation look at the ppi numbers today. I think this is why a barbell strategy makes sense people will still want secular growers that can participate many some very powerful themes you want to be price selective but you want to have exposure there but exposure to the cyclicals if you believe the growth is going to improve and that will lead to inflation. My supply is up 25 year over year thats a big number. That will come home to roost, i think. One last point, i would say on valu
Coronavirus as both president s face more accusations of downplaying the crisis. The Afghan Government switches to an offensive strategy after attacks on a Maternity Hospital and a funeral the taliban calls it a declaration of war. And im somehow must not have all the sporting puting top level sport continues its return in north america with the ultimate fighting championship for the 2nd of 3 events in just 8 days. The European Union wants people to start planning their Summer Holidays and get economies moving again and the e. U. The reopening of borders closed by the coronavirus pandemic france austria and switzerland have already said theyre going to start relaxing control. As early as this weekend germany and some other e. U. Members and to completely end border restrictions by june the 15th others arent convinced spain or the worlds 4th highest number of infections is set to keep borders shut until at least july a 160000000000. 00 question for the e. U. Is how to reopen safely tour
And the u. S. Secretary of state makes a surprise visit to afghanistan to salvage a deal with the taliban. But convulsions there are a lot down of indias major cities has begun in one of the biggest single government moves to slow the spread of the coronavirus its capital new delhi the Business Capital by and cities such as chennai and calcutta monks them curfews are also in place nationwide and International Flights have been banned for a week japans Prime Minister shinzo now says the Tokyo Olympic games may need to be perspire and thats after weeks of insisting the major sporting event would go ahead as planned in july the dozens also of cuban doctors have arrived in italy to help Italian Health workers italy is one of the countries thats been hardest hit more than 5000 people have died. Lets join elizabeth purana mark ora spondon in new delhi youve been following events obviously been whats been going on obviously in india of the past 24 hours indians woke up to a new reality on mon
And lovely cant couldnt mexico on the beach with the palm trees swaying in the monkeys chattering special guest with us today alex patch off sea. Bit fury theyre rocking it out in the mining space thank you marks remind you finally and tell us about its a company that was very early into big and we heard about it we talked about on kaiser report going all the way back maybe to 2011 or so but tell us a little bit about it sue before it was wrong to be in 2002 well initially it was like everything was just beginning from the whole big suv the people with so many different businesses they realized the beat when existing the start to try mining going and then they decided just to create the company and they were nice cheap and they started building the data centers a 6 you mentioned a 6 what are a 6 chip special custom designed i. C. Cheap one performing on the one single functions. A lot of things youre hearing skills just created its like bigger capable of course just to create the cheap
And industrial is that correct yeah thats correct su the chip was not invented only by bt quietly using them from the seventys but the normally revolution if you feel about the beat going like about the infrastructure its the warmer all the operational expenses and this is a reason why instead of the c. P. U. The speech for g. P. U. Because the working more efficiently and consume less Electrical Energy and then they go to f. P. G. A. And right now all the new cities using a seems ok so theres a bit of an arms race in the technology of big client mining and in china of course you have huge players who not only design chips but they also have a lot of Energy Available to them and they dominate with between 40 or 50 percent of all the mining depending on how you look at it is is that concentration of mining in china is that an accurate description and is that going to continue in the near. Future and is the new coronavirus does that threaten chinese mining in any way to. Its was just lik