1/ Speculation:
It may be factor rotation out of GROWTH (FAANG which may trade range bound after tractor beaming future growth to present) as well as less concentrated longer tail of broader overvaluation in Russell 2000 (all can’t be the next FAANGs)...
More flows into VALUE..
It may be factor rotation out of GROWTH (FAANG which may trade range bound after tractor beaming future growth to present) as well as less concentrated longer tail of broader overvaluation in Russell 2000 (all can’t be the next FAANGs)...
More flows into VALUE..
https://twitter.com/quantumVerd/status/1349940083483414531
2/ A shift from NARRATIVE driven motivated buying to fundamentals (notably even classic metric driven discounted cash flow & equity risk premia (Damodaran)+ CAPE (Shiller) have shifted focus to explain investor behavior to STORIES over STORES (of value)...
3/ The 10:1 leverage driving SPAC arb participants maybe gets reduced a bit and PIPE players get reduced alot (and we go thru phase of more signal and less noise aka more quality and less crap)...
4/ The pure THEMATIC ETFs sucking in capital for sector “plays” see reversals from tourists if and when there is 10-20% downdraft...
5/ But o’ course the big mammajamma widow-maker poster child: the $800B gorilla
that shining beacon of profitability, positive cash flow and hyper truth-telling...record-vol turnover, valued @ $1.25M per-car-sold, knighter of knaves wielding OTM YOLO calls...hope for humanity.
that shining beacon of profitability, positive cash flow and hyper truth-telling...record-vol turnover, valued @ $1.25M per-car-sold, knighter of knaves wielding OTM YOLO calls...hope for humanity.
7/ Defense, healthcare, transportation, infrastructure, trucking, airlines—heavy industry with some inflation protection (as replacement costs may give incumbent unfair competitive advantage against entrants facing rising costs) i see doing OK
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