The Fed, One and Done
By Kelvin Lee, Alonso Munoz We expect the Fed to hike rates by another 25-basis points at today’s July meeting. Just a reminder, we (rates) are already in restrictive territory, and today’s decision will bring the FOMC target range up to 5.50%. Since the beginning of this tightening cycle, the Fed has raised rates 550 […]
Opinion – RIVN: all the risk, none of the reward.
By Sambhav Bansal, Alonso Munoz Rivian has been on an absolute tear this year! If you’re even remotely interested in EV’s, you’re bound to have heard about Rivian Automotive Inc. The company is backed by Amazon and auto giants such as Ford. In recent years, it had one of the most valuable IPOs of 2021 […]
Value in Artificial Intelligence: TSMC
By Kelvin Lee, Alonso Munoz In similar fashion to the blockchain craze, investors are piling into any company that simply mentions the golden words “artificial intelligence”. It’s not a bad idea. We think AI is still the greatest tailwind in this economic cycle, but it’s important to look for quality companies, not unproven ones with […]
NVDA: Fueling the Future
By Kelvin Lee, Alonso Munoz If you had the opportunity to go back and purchase Google stock in 2004 during the genesis of the internet, or Apple in 2007 when the smartphone was released, would you? Of course. These companies were poised to benefit immensely from great technological advancements (and if you said no, then […]
First Republic, Another One Bites the Dust
By Kelvin Lee, Alonso Munoz Congratulations to First Republic for being the third major U.S. Bank to fail this year, and the second largest to fail in U.S. history! Another victim of tight monetary policy and failed management, FRC was unable to survive one of the most hostile rate environments in decades. It’s a similar […]
Rating Agencies Fail Again
By Kelvin Lee, Alonso Munoz As congress grilled regulators last week on the recent string of bank failures, we want to focus on the role of the rating agencies instead. Moody’s, along with Standard & Poor’s and Fitch Ratings, are all responsible for assessing the creditworthiness of banks and other financial institutions. They provide an […]
The Fed: A Lose-Lose Decision
By Kelvin Lee, Alonso Munoz 1:35PM EST In roughly 20 minutes, we expect the Federal Reserve to raise rates by 25 basis points, bringing the target range to 4.75% – 5%. The decision for the fed to either raise rates or pause will be significantly challenging as bank stability and high inflation are now troubling […]
Opinion – FDIC is Worthless
By Kelvin Lee, Alonso Munoz It’s been 15 years since the Great Financial crisis, and history has repeated itself. U.S. Banks failed, the government stepped in, and everyone is scrambling to assess risk. The last 72 hours have been remarkable, and the fallout is likely far from over. Yet again, it is the American people […]
How to Spend $1.1 Billion
By Kelvin Lee, Alonso Munoz The art world seemed basically unscathed by the torrential economic conditions in 2022. The top ten pieces, each unique in significance and expression, totaled over $1.1 billion in auction sales. From Freud, Warhol, and Seurat, last year’s ticket art pieces set high marks for the international art community. We broke […]
M&A Process by ChatGPT
By ChatGPT The mergers and acquisitions (M&A) process for a company can be a complex and lengthy process that involves various stages. Here is a general overview of the steps involved in the M&A process: 1. Strategic Planning: The first step is strategic planning, where a company identifies potential target companies that fit its strategic […]
