Bubbles/Crises/Manias
Investors generally associate higher investment rates with higher rates of growth. Indeed, companies at the beginning of their life cycle with a lot of high ROI opportunities will generally be more willing to invest their capital. Meanwhile, companies at the…
After underperforming in 2022, I.T., Consumer Discretionary and Communication Services – the three sectors encompassing America’s largest tech companies – have rallied by 61.3%, 41.4% and 73.7%, respectively, since the beginning of 2023. Crucially, their…
Over the last weeks, US semiconductor stocks have plunged by over 17%. In a way, this correction should be expected. Semiconductor stocks had skyrocketed this year. Even after the recent pullback, semi stocks are still up over 20%…
The Bitcoin halving is a crucial landmark in the Bitcoin protocol. It refers to the process by which rewards for mining bitcoin are cut by half. It occurs roughly every four years, with previous halvings occurring in November 2012, July 2016 and May 2020. The…
One of the most important factors for the success of tech stocks over the 2010s was monopoly power. Companies like Google, Facebook, Apple and Microsoft managed to develop entrenched moats in their own niches. This monopoly power enabled them to maintain…
The bitcoin ETFs are breaking several records. The Ishares Bitcoin Trust (IBIT) from Blackrock is closing in on $20 billion in assets, surpassing ETF heavy weights like Ishares MSCI Emerging Markets (EEM), Ishares Japan (EWJ) and Ishares TIP Bond ETF (TIP).…
Short speculative positions on Bitcoin at the CME are near theie highest level on record. Some financial commentators have suggested that this bearish positioning in bitcoin could act as kindle and spark a short squeeze. But looking at raw speculative…
The recent rally in commodity markets is drawing the attention of the investment community and financial media. It’s not just cocoa – which has experienced a staggering 118.4% year to date increase that has further pushed up its price gains to 342% since…
Thematic investing has become increasingly important for investors over the past few years. And yet, in spite of the popularity of thematic strategies, the vast majority of investors underperform when buying into such strategies. A recent study by…
GAI is a powerful force that will revolutionize the global economy and we are sold on this long-term investment theme. To partake in the upward momentum, we recommend a nuanced approach. The GAI infrastructure cohort is now overbought - there should be a better entry point. The models and applications companies and early adopters are less of a crowded trade and offer more opportunities.