One focus this season is how companies will translate capex to revenue - I think scrutiny and patience are both warranted, and I also think markets having cold feet is an opportunity.
“The neutral rate can be considered the Holy Grail of central banking: the rate that promises low inflation without impacting employment. However, just like the Holy Grail itself, neutral rate is remarkably difficult to find. It is elusive because it is not easily observable.”
“For local companies, we think 2024 will be a multiple re-ratings year, and 2025 will be an earnings year.”
“The two things in our opinion that continue to matter globally in 2024 are Nvidia and Taylor Swift. All joking aside, both Jensen and Swift continue to dominate the earnings picture.”
“The neutral rate can be considered the Holy Grail of central banking: the rate that promises low inflation without impacting employment. However, just like the Holy Grail itself, neutral rate is remarkably difficult to find. It is elusive because it is not easily observable.”
“For local companies, we think 2024 will be a multiple re-ratings year, and 2025 will be an earnings year.”
“The two things in our opinion that continue to matter globally in 2024 are Nvidia and Taylor Swift. All joking aside, both Jensen and Swift continue to dominate the earnings picture.”