Musings on Markets

MARCH 25, 2021

The first quarter of 2021 has been, for the most part, a good time for equity markets, but there have been surprises. The first has been the steep rise in treasury rates in the last twelve weeks, as investors reassess expected economic growth over the rest of the year and worry about inflation.

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Equity Risk-free Rate Treasury Start-ups 52

Musings on Markets

JANUARY 19, 2022

In a post at the start of 2021 , I argued that while stocks entered the year at elevated levels, especially on historic metrics (such as PE ratios), they were priced to deliver reasonable returns, relative to very low risk free rates (with the treasury bond rate at 0.93% at the start of 2021). from its level at the start of the year.

Risk Premium 80

Risk Premium Risk-free Rate Start-ups Equity 80

Musings on Markets

JANUARY 9, 2021

While the universe of companies is diverse, with approximately half of all firms from emerging markets, it is more concentrated in market capitalization, with the US accounting for 40% of global market capitalization at the start of the year.

Risk Premium 52

Risk Premium Market Capitalization Equity Start-ups 52

Musings on Markets

JULY 17, 2023

In my third post at the start of 2023, I looked at US treasuries, the long-touted haven of safety for investors. In 2022, they were in the eye on the storm, with the ten-year US treasury bond depreciating in price by more than 19% during the year, the worst year for US treasury returns in a century. that was lost last year.

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Marketability Risk Premium Start-ups Treasury 95

Musings on Markets

JANUARY 17, 2024

That positive result notwithstanding, the recovery was uneven, with a big chunk of the increase in market capitalization coming from seven companies (Facebook, Amazon, Apple, Microsoft, Alphabet, NVidia and Tesla) and wide divergences in performance across stocks, in performance. increase in market capitalization.

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Risk Premium Start-ups Equity Treasury 77

Reynolds Holding

NOVEMBER 28, 2022

Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”); and. broker-dealers to the U.S.

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Compliance Marketability Banking Treasury 45

Reynolds Holding

APRIL 4, 2022

The SEC’s remit is overseeing the capital markets and our three-part mission: protecting investors, facilitating capital formation, and maintaining fair, orderly, and efficient markets. There’s no reason to treat the crypto market differently just because different technology is used.

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Marketability Banking Start-ups Compliance 65

Musings on Markets

JANUARY 21, 2023

No matter how you slice it, there is no denying that 2022 was the worst year for US equity investors since 2008, and the magnitude of the damage is even more staggering, if you consider it in market value terms. trillion in market capitalization, but for balance, it is also worth noting that US equities are still holding on to a gain of $6.9

Equity 70

Equity Risk Premium Start-ups Dividends 70

Musings on Markets

DECEMBER 2, 2020

Cost of Capital & Failure Risk : For the cost of capital, I will assume that Airbnb’s cost of capital will be 6.50%, close to the cost of capital of hotel companies, to start the valuation, but over time, it will rise to 7.23%, reflecting an expected increase in the treasury bond rate from current levels to 2% in 2031.

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Start-ups Marketability Equity Market Capitalization 52

Benzinga

NOVEMBER 13, 2023

I have no doubt that the union of Marathon's experienced team and well advanced Valentine Project based in Canada, with Calibre's production assets, robust treasury, free cash flow, flawless track record in execution and high impact exploration opportunities will unlock significant value for the shareholders of both companies.

Equity 40

Equity Treasury Market Capitalization Marketability 40

Reynolds Holding

SEPTEMBER 1, 2022

Treasury Wine Estates. Treasury Wine Estates is one of the world’s largest wine companies, listed on the Australian Securities Exchange (ASX: TWE) and as an ADR in the US (OTC: TSRYY). Of note: previously, in 2017, Treasury Wine settled a separate shareholder class action for AUD $49 million. Court: Supreme Court of Victoria.

Treasury 45

Treasury Marketability Market Capitalization Compliance 45

Reynolds Holding

JULY 25, 2023

Treasury Secretary Yellin has publicly signaled formal U.S. Moreover, fossil fuel energy companies have comprised 5-10 percent of the market capitalization of the S&P 500 in recent years and a higher percentage of specialized market indices. [5] These U.S. EU differences are vast.

Equity 52

Equity Start-ups Marketability Systematic Risk 52