Wagner: People Looking for Bubble to Pop Missing Forest for the Trees
Description
Everyone is looking for a bubble to pop, but they’re missing the forest for the trees, argues David Wagner. He discusses how intangible assets have taken over the market, which creates “operating leverage as a core tenet,” yielding higher valuations. He discusses how the market is rewarding earnings beats this quarter, unlike last time, and what he expects for the rest of earnings season.
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