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News

30 May 2022 - 10k Words

By: Equitable Investors

10k Words 

Equitable Investors

May 2022


The drawdown in tech stocks remains in focus with carts from chrtr and a16z, while MarketWatch highlighted the inside selling that occured in 2021's tech IPOs ("You bought. They sold"). Retail investors who had a great time trading in 2020 and 2021 may have lost all that they gained, Morgan Stanley has estimated. The crypto space hasn't worked for punters either as correlation with tech stocks surges, as the Daily Shot charts, and the "hot" NFT space cools rapidly, as charted by NonFungible. Finally, fund managers surveyed by Bank of America have returned from briefly worrying about the Ukraine situation as their biggest tail risk to worrying about inflation and the interest rate environment.

 

Nasdaq Composite Drawdowns

Source: chartr, @_Prathna

 

Forward Revenue Multiples on Listed Software Companies

Source: a16z, CapitalIQ

 

 

Insider sales at companies that went public in 2021

Source: MarketWatch, VerityData

Estimated gains and losses from US retail flows

Source: Morgan Stanley, @trengriffin

Correlation between Nasdaq and Bitcoin

Source: The Daily Shot

 

Number of Non-Fungible Tokens (NFTs) sold

Source: NonFungible.com

May 2022 Fund Manager Survey for "biggest tail risk"

Source: Bank of America

 

May Edition


Funds operated by this manager:

Equitable Investors Dragonfly Fund


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