SPAC Wipeout Is Punishing Followers of Chamath Palihapitiya
Days before the rout began, Palihapitiya, a 44-year-old with a flair for self-promotion, proclaimed he was poised to be the Buffett of his generation.
Days before the rout began, Palihapitiya, a 44-year-old with a flair for self-promotion, proclaimed he was poised to be the Buffett of his generation.
One of the starkest displays of changing tastes came last month, when investors poured about $20 billion more into equity funds than they did bonds.
"Even if you are not following gold on a day-to-day basis, from a long-term point of view, you are better off with 10% or 15% of assets in bullion."
How fast will the dollar deteriorate? How much drag will it have on the overall post-COVID economy? Doctor Doom is watching for "70s-style malaise."
Even after trimming some Tesla holdings, Baron has a staggering 41% of one of his biggest funds invested in the carmaker’s stock. He sees more ahead.
“Sentiment is in very worrisome territory as is valuation, yet money flows continue to push indices,” says Tobias Levkovich, Citi’s chief strategist.
He thinks we're going to be in good shape this year, particularly with this incredible spending program which will find its way into the market.