Over the last year, the Eye on the Market included views on sectors, rates and currencies. For this back-to-school piece, I prepared a rear window post-mortem on each.
What we got right: a buying opportunity in healthcare; stagnation of the hyperscalers; the bursting of the Korea/semiconductor/memory stock bubble; software stocks were oversold after the Citrini Research panic; the nuclear/SMR renaissance illusion; the US dollar will remain stable; Oracle debt and equity are overpriced; the Fed’s next move will be a hike not an ease; risks to traditional entertainment stocks from alternative media.
What we got wrong and what we missed: China AI basket; Chicago/Illinois default risk; outsized gains in Korea, Taiwan and Japan; the US Small Cap recovery; Asian/EM fixed income; Western critical minerals companies.
To conclude: thoughts on what NYC Mayor Mamdani’s Administration is planning with respect to residential real estate seizures and transfers to tenant groups/non-profits.
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About Eye on the Market
Since 2005, Michael has been the author of Eye On The Market, covering a wide range of topics across the Markets, investments, economics, politics, energy, municipal finance and more.