The market’s incredible performance post Covid was driven largely by growth and tech. Some of these companies were up 300, 400 even 700 perecent, companies such as Wayfair, Peloton, Zoom and Cathie Wood’s ARK invest ETF’s, most notably ARKK. Unfortunately for ARK and many other tech investors 2022 hasn’t been kind and these “High Fliers”
Economic Insights
CORNELL CAPITAL GROUP
Americans now hold over $1 trillion in cryptocurrencies. Has $1 trillion in wealth been created? From the standpoint of economic theory, the answers is no. The wealth of a society consists of its real assets that produce consumable goods and services. Unless a cryptocurrency provides some type of convenience yield how could it create wealth?
Download Memo as PDF A Time for Caution: Cracks in the Dam As 2021 draws to a close, our primary objective at the Cornell Capital Group remains protecting our client’s capital. In a market where valuations remain frothy this means a strategy of carefully comparing price and fundamental value and selective hedging. One of the key issues
By Bradford Cornell, Shaun Cornell, Andrew Cornell Tweet 0 Share 0 Download PDF IntroductionAn investor would have to have been living under a rock not to have noticed the appreciation in the value of automobile companies in the last two years. Tesla, of course, is the premier example. In less than two years, its market
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