November 2021 image
Clients and Friends, November was a much a do about nothing month overall if you look at returns in stocks which were relatively flat. There was a continuation of a lot of the same themes we've seen with respect to rising inflation, port delays and concerns over valuations in most asset classes. A lot of the highly valued COVID themed companies like Docusign, Zoom and others saw declines followed by much steeper declines during December. Omicron continues to spread and we're likely to see a surge of cases over the coming weeks and months here in the US. One area I wanted to highligh and which is growing rapidly is buy now, pay later (BNPL). The premise ...
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