1/21/2024 0 Comments Lyn alden blockfi![]() ![]() ![]() "And so overall, I find that there's more opportunities in the value side of things than the growth side of things, although there of course are opportunities in both."Īlden isn't calling for a tech bubble to burst like in 2000, but she said stocks may be in for some speed bumps. "We have one of the biggest gaps in valuation between growth stocks and value stocks that we've had since the dot-com bubble," Alden said. That highly positive sentiment and lofty growth-stock valuations should make contrarian investors uneasy. The S&P 500 has advanced 19% year to date on the back of remarkable earnings growth.įor months, market participants have viewed every pullback as a buying opportunity, which explains why the S&P 500 hasn't suffered a 5% decline since October. Stocks have enjoyed an unusually strong backdrop in 2021: a once-in-a-lifetime economic reopening, generous fiscal policy, easy-money policy, and progress in the battle against COVID-19. "Because we all kind of look at the same data, the same big economic data, and I think a contrarian investor has to go deeper under the surface and find bubbles or opportunities that are less obvious." "Always ask yourself actively: What is market consensus missing?" Alden said in a recent interview with Insider. Bloomberg.Account icon An icon in the shape of a person's head and shoulders. "After Ellison, Crypto Takes Center Stage at Bankman-Fried Trial BlockFi CEO Zac Prince zeroes in on loans to Alameda". Archived from the original on March 11, 2023. "Bankrupt BlockFi Has $227 Million in Unprotected Funds at Silicon Valley Bank". ^ "Crypto lender BlockFi files for bankruptcy in New Jersey".^ "BlockFi files for bankruptcy as FTX fallout spreads". ![]()
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