It was one of those rainy and damp days, I was finding my way out of the F-train subway on Bergen St. in Brooklyn. On the mezzanine level, in the corner of the stairwell, I noticed a young man, couldn’t have been much older than 30….
This debate is obviously crucial for the market going forward. Everyone is acutely aware of how important it is for tech high-fliers to avoid an Icarus moment until we finally see the fabled “rotation” back into value or, more simply, until another sector proves it’s capable of taking the baton in this aging bull market.
Are the regulatory demons real?
“I think the really interesting thing is it shows sort of the kind of fairyland that FANGs have been operating in.”
After Monday’s rout on Wall Street, the same people who were asking if the near-term pain was behind us as stocks rallied into quarter end last Thursday will probably be tempted to ask something similar on Tuesday assuming the bottom doesn’t fall out immediately.
So if you’re an Amazon shareholder or really, if you’re long stocks in general, just consider what’s going on here.
In essence, the same things everyone was watching last week (e.g. tech, trade, Trump) will be in focus again…
“…to all you Marty McFlys out there”…
The robot carnage on Wall Street predictably spilled over into Asian markets on Wednesday.
Whether that’s a good or bad thing for society is an open question and largely depends on how regulatory action is justified and who it is that’s doing the regulating.
Here we are a day on from some Facebook-induced market mayhem and it looks like everyone is in wait-and-see mode. Who can blame them?
Predictably, it went awry almost immediately.
As we kick off the new year, BofAML’s Savita Subramanian is out warning about a dynamic that has the potential to trigger a similar shift out of crowded names and into neglected stocks.
Who’s still drunk?
You’re not buying enough of those “damn robots.”