Most think that high(er) rates are here to stay for at least a few years and that high(er) long-term inflation is structural due to workforce dynamics, deglobalization, etc.
The consensus seems to be that the levered long beta trade (Tiger) is dead, which makes me think it could make sense to take the other side for a surprise comeback when a new cycle starts maybe in 2024.
Another thought is even if rates stay high, if multiples contract enough then a rising tide will lift all boats again.
What do you think?
Bump
I propose a new ETF called Inverse Tiger Cub 3x. Funny you post this today when tech stocks are slammed. Tesla down -10%. I know Coatue has Tesla as their biggest position. OOF.
Think you miss his point but could be wrong so you can let me know. But I think OPs point is that if you had a clean slate (let's say, your own PA) at a hypothetical market bottom in 2024 and then went levered long beta, could that work out in the next market upcycle.
You are correct in your interpretation.
You think they are a forced seller today?
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