MintKit Growth Index – Update 2021

A Benchmark for Spry Growth at Modest Risk

It has been a rough year for everyone as the coronavirus pandemic roiled the real and financial markets. One nasty blow was the crash of the stock market in the spring. Luckily, though, the bourse rebounded promptly and set a new record by the end of the summer. 

After thrashing around in the autumn, the market again scaled an all-time peak by the end of the year. As a result, the flagship benchmark – namely, the S&P 500 Index – rose by some 16% over the previous year. 

When the stock market forges ahead, high-growth stocks tend to outrun their plodding peers. In keeping with the norm, the MintKit Growth Index (MGX) climbed by nearly 48% over the same timespan.

From a larger stance, the MGX upon its launch was set to unity (1); that is, 100 percentage points. From this baseline, the Index reached 173.6965 points at the end of last year.

Looking downstream, the outlook for 2021 is much brighter compared to the gloom of the past year. For one thing, the real economy will recover in stages from the drubbing caused by the pandemic. In that case, the stock market will continue to climb higher.

From a different slant, the politicians whipped up trillions of dollars out of thin air in a frantic effort to stimulate the economy in the throes of the pandemic. One fallout downrange is a swelling fear of inflation which will drive a growing throng of investors into the arms of precious metals such as gold. In that case, the mining industry will fare better than most of its peers in the near future and for many years to come. 

Against this backdrop, the revised roster for MGX takes a moderately aggressive approach to the stock market. Even so, the goal for the coming year centers on zesty growth with ample stability rather than lusty vigor with stellar potential.

NOTE:  The report is a slide presentation under the title of “MintKit Growth Index – Update 2021”. The file is available in PDF form at MintKit Gist

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