Is inflation going to crash the stock market?

(Photo credit: Ehud Neuhaus) I don’t think so. Why? Inflation has several causes, and different factors have different weights at different times. Production capacity, production utilization, energy costs, productivity, and monetary cycle play a big role. Some of these are interdependent, and sometimes they work reflexively. In some ways, the current macro backdrop is very… Read More Is inflation going to crash the stock market?

The Brave New Genomic World

Summary Illumina and its short reading technology pushed the sequencing costs down during the last decade. Long reads and artificial intelligence are improving the sequencing and will likely keep driving the costs lower. Several companies are building business models around these technological improvements. The past decades brought us the foundational work that will enable significant… Read More The Brave New Genomic World

The WSB storm opened the door to mainstream decentralized finance (DeFi)

(Photo credit: BTC Keychain) The Gamestop debacle showed us a couple of things. First, intermediaries in our centralized financial system might have been cheating. The number of short positions in Gamestop suggests that funds and brokers have been practicing naked short-selling. Meaning that they haven’t been selling loaned shares, instead, they’ve been selling shares that… Read More The WSB storm opened the door to mainstream decentralized finance (DeFi)

Framing The Macro Scenario For The Post-COVID-19 World

Most market pundits take GDP and inflation statistics at face value. They shouldn’t. Likely, the economic scenario is more benign than anticipated. That leaves us looking for pockets of value in a market populated with overstretched valuations. Now that there seems to be a vaccine on the way, we should make some considerations about the… Read More Framing The Macro Scenario For The Post-COVID-19 World