The Fed and Central Banks Tighten Balance Sheets

Q: What do you think is going to happen now that central banks have already started to tighten are about to tighten their balance sheets? Do you think that it will derail some of the asset price inflation that we've seen particularly in growth stocks? Or do you think that the market is right that, hey, the sky's the limit? Q: I'm still a long tech, so that probably gives me half the answer. Some of these big companies, I'm not a bottom-up equity guy,. Their evaluations do look eye-watering at times, but they are genuine game-changers. They have enough cash to keep innovating.