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Michael Cembalest Takes Us to School

The Compound and Friends

CHAPTER

The Rise of Multiple Expansion in the Stock Market

Tesla is up 110% year to date at six months. Amazon, Google, Microsoft, Apple, and Tesla are all higher than they were in mid-June. What's driving that? It's the ultimate momentum trades for quant funds, hedge funds,. Tremendous amounts of liquidity. In the, in the shares, you can get in and out. With a, a large hedge fund. You can buy and sell. That's right. Okay. If we're going to be in a world now, a bipolar world where there's Chinese tech companies, and there's Western tech companies, this will help them both.

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