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The C-Suite Can’t Dodge Higher Interest Costs Forever
What happens to the world's largest economy when corporations finally start to feel the heat from hi
“According to SocGen’s Andrew Lapthorne, the top 10% of companies by market cap control around 70% of corporate cash balances.”
If anyone is still wondering why we’ve had a 7 company bull market that answer is we’re in the early stages of a major bear market and the final crowding into the companies with cash that will be the survivors and thrives coming out of it are getting all the available allocated funds with mechanical flows exaggerating price action.
We’ve likely seen the peak 4600 or there’s 1 more leg up possibly to 5000ish, but we’ll likely see lower equities from current prices at some point in the next 18 months. 4+% cash feels pretty good to me. Of course I could have it all wrong and I’ll “under perform” for the next 2 years.