At the outset Kudos for great research and different approach. I just subscribed and plan to read the previous posts.
On this special edition thesis - disconnect in Cost of Capital - and the attribution ie NDX pricing in Fed rate cuts seems spot on.
I think 🤔 we might get additional insights by:
1) back test if this phenom was experienced in previous rate cycles since 1980s ?
2. Depending on insights from 1 above - role of the recent acquisition of SVB book by GS. At what point would GS be ready to flip for profits
3. if this truly is a gap of historical proportions - is there a fundamental shift in Tech valuations especially with AI mania, upheaval in semiconductor supply due to geo political shocks
I personally think NDX is overdone but additional confirmation always helps.
May 15, 2023·edited May 15, 2023Liked by Maverick Equity Research
Super interesting … I am not a trader (exceptions) doing a lot of tactical stuff but this is super dope … very educational and I understand more about the markets … thanks!
Great write up, Maverick
At the outset Kudos for great research and different approach. I just subscribed and plan to read the previous posts.
On this special edition thesis - disconnect in Cost of Capital - and the attribution ie NDX pricing in Fed rate cuts seems spot on.
I think 🤔 we might get additional insights by:
1) back test if this phenom was experienced in previous rate cycles since 1980s ?
2. Depending on insights from 1 above - role of the recent acquisition of SVB book by GS. At what point would GS be ready to flip for profits
3. if this truly is a gap of historical proportions - is there a fundamental shift in Tech valuations especially with AI mania, upheaval in semiconductor supply due to geo political shocks
I personally think NDX is overdone but additional confirmation always helps.
Thank you 🙏 again
3.
Super interesting … I am not a trader (exceptions) doing a lot of tactical stuff but this is super dope … very educational and I understand more about the markets … thanks!
Great rationale … thank you!
great coverage, thx!