The earnings shoe dropped this week following notable earnings misses by Walmart and Target. This led to a significant sell-off, as the market started to question the current estimates of robust earnings growth in 2022 (+10.2%) and 2023 (+10.1%). This also means that stock valuations aren’t as attractive as forward PE estimates suggest. The Fed […]
bitcoin on-chain data
US Inflation Surge
US inflation surge is the big news this week in the media, although The Dispatch is tired of the subject. Last week, we reiterated our high inflation view in Dispatch #36, which was first laid out in Dispatch #23. We continue to see shelter inflation catch-up offset the coming slowdown in transitory items that are […]
Aker invests in bitcoin, energy use, NFTs, Investing in sneakers!
Dispatch #8 – 15th March, 2021 The top story this week is Norway’s Aker Group investing in bitcoin. Equity markets this week showed that they can absorb a gradual rise in yields. The 10-year yield rose modestly from 1.6% to 1.63% yet the NASDAQ rallied ~ 5% this week. So, what could change from here? […]