Operating at the Intersection of Technology and the Capital Markets
Tag: fundamentals
Our view of the Equity market over the next few years calls for a choppy market that will reward Active Managers and penalize the Buy & Hold crowd. This forthcoming "choppy" market will not be a market where most Technology stocks move up or down, or where certain sectors move in unison. Rather, we are … Continue reading The Return of Active Management
Private markets are no longer primarily determined by the actions of private buyers and sellers. The State now controls private markets as the primary mover. Guessing the timing, scale and duration of massive fiscal and monetary programs has superseded if not largely replaced fundamental analysis. That's not to say that fundamentals do not matter, but … Continue reading State-Led Capitalism
The market is trading on speculation. Fundamentals don't matter now. Fundamentals will matter again. The Fed can print only so much money before inflation rears its ugly head. We can't continue to devalue the dollar as a matter of long-term monetary policy without consequences. Our "print first, ask questions later" monetary policy and "subsidize everything" … Continue reading Mr. Market Is Trading On Speculation. Fundamentals Will Matter Again.
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