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Cryptos: “No Inherent Value….”

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Record Pessimism

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Equity Prices Are Not Economic Signals

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Value vs Growth

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Value vs Growth

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“Value” at Lows and “Momentum” at Highs?

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How High?

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Growth vs Value

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Value Isn’t Dead……It’s Misunderstood & Oversimplified

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Why Markets Don’t “Predict”…..Recession Fears Turn On A Dime

We keep hearing on TV “the stock market is predicting…….”. The problem is markets go up and down every single day. In the short term, they predict nothing

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Are “Growth” and “Value” Exclusive of Each Other? No!