Sick as a Dog: the cheapness of US healthcare stocks, and the battle over publicly funded science research
For three decades until 2020, US healthcare stocks generated roughly the same returns as the tech sector, and with much less volatility. Things have changed a lot since then as the tech sector has barreled ahead while healthcare has stagnated. In this special issue, we take a closer look at the many factors dragging down the healthcare sector to among the lowest relative valuations of the last 30+ years, and some possible catalysts for a rebound. To conclude, the latest in the battle over publicly funded US scientific research.
View video here
--------
40:09
--------
40:09
Summer mailbag
Every summer, I answer questions from the Eye on the Market client mailbag.
View video here
--------
43:12
--------
43:12
Time Flies: Twenty Years of Eye on the Market
Take a look back at 30 standout insights which are just as relevant for the future as they were for the past.
Explore our insights
--------
12:08
--------
12:08
"OK Boomer" on stablecoins, profits, tax cuts vs tariffs and presidential break-ups
Throughout history, non-FDIC insured short-term dollar denominated debt redeemable at par on demand has been prone to runs, whether in money market funds, repos or uninsured deposits. Why would lightly regulated stablecoins be any different?
View video here
--------
20:37
--------
20:37
Chicken Hawks: a quick note on the US budget reconciliation bill
A brief note on the debt and deficit impacts of the House budget reconciliation bill, Henery Hawk and Foghorn Leghorn.
View video here
España