A pedestrian passes in front of Nasdaq MarketSite.
Photographer: Michael Nagle / Bloomberg
Photographer: Michael Nagle / Bloomberg
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Peter Cecchini, founder and CEO of AlphaOmega Advisors, joins the latest “What Goes Up” podcast to discuss the landmark year 2020 in markets, and to share his vision for what lies ahead come. Topics include the efficiency of the Federal Reserve, an increase in the trade of retail investors and zombie companies.
Some of the main events of the conversation:
“Some of the employment estimates that I see, as you said, are that the consensus is a little less than $ 170, going to ask for multiples that don’t make much sense to me in terms of -in context that rates can’t go lower. So if we’re looking for a broad expansion to continue driving the rally, I don’t think we’ll get that because the effectiveness of the Fed is limited, right? He has firepower, no one says the Fed has no weapons. He can print money and can buy Finance for as long as he wants. But at the end of the day, when you’re at zero, the motivational effect is diminished … I think that’s one big piece that people need. We are not just back to, you know, this situation `to the moon ‘for earning. If anything, we are back to a situation where cash flows are still a challenge and, at least, debt levels have exploded. ”
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