Join Our Live Woodstocks Webinar TODAY At 5PM Eastern

Risk-on is back. But will the Cathie Woodstocks Of 2020 Recover?

DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.

So … Once Again, Nothing Matters - So Soon?

Elevated inflation, 10-year yield at levels that were high enough to hammer equities in 2022, three bank failures in two weeks, market has held up anyway. It’s almost as if investors have had enough of 2022’s misery and are now shrugging it off to reach for the stars once more.

You doubt this? Check every market index you like. S&P500, Nasdaq, the Dow, the Russell - all holding up way over their 2022 lows and plowing through bad news on earnings, inflation, bank wobbles, you name it.

Here’s the Nasdaq-100 in QQQ 0.00%↑ ETF form.

(You can open a full page version of this chart at this link).

Look bearish to you? Us neither.

So it’s a reasonable bet that your AAPL, your MSFT and so forth, they can move up.

But what about the real beat-downs of 2022, the Woodstocks? High growth, EPS negative (very often cashflow positive by the way - which is a source of much error by many) tech stocks which were roadkill once the Fed started tightening. Will they come back to reach new highs, or are they just the dot-com permacasualties for the Zoomer generation?

This is the topic for today’s Pro-tier live webinar TODAY at 5pm Eastern.

Join us. All our webinars are live, open-mic, ask-us-anything. And we post the recordings the next day if you prefer to catch up offline.

We recently upgraded the Pro subscription tier here at Cestrian Tech Select to include a standing database of all our tech stock ratings, our staff personal account positions, and links to our latest stock charts for each of the tech names we cover. And we introduced a discounted price until the end of March. Sign up as a Pro-tier member this month and you lock in a $399/yr price, a full 20% discount to the rack rate. If you’re not yet a member you can sign up right from the button below. (If you’re a Premium member you can upgrade on a pro-rata basis, ie. you don’t lose the money you already paid for that Premium subscription, it rolls into your Pro membership).

Any problems upgrading, reach out to us at minerva@cestriancapital.com and we’ll get it done for you.

Pro members - scroll down for the registration link for today’s webinar. We’ll see you then.

Cestrian Capital Research, Inc - 15 March 2023.

DISCLOSURE - Cestrian Capital Research, Inc staff personal accounts hold long positions in, inter alia, $TQQQ and MSFT 0.00%↑ .