Word on da street is that Softbanks Vision 2 fund will fall apart as a result of the this event. While the US cedes it’s global role, the world can still do what is right despite us.
Softbanks first vision fund was $100b with $400 coming from KSA
Mckinsey has now been implicated too
Interest rates are still very low so while raising interest rates will dampen spending let's not delude people that money is tight. A proof point of this is that Private Equity multiples for M&A is at historical highs.
For oil, volatility sucks but unless you are an airline or oil is a major COGs of your business then I don't think it has a huge impact. If we were looking at oil above $100 then I would have more concern about broader economy and market impact.
When people raise concern about the slowing global economy, remember the US especially the consumer drives a big %.
I'd expect to see a lot of tech IPOs come to market in 2019 unless there is a significant global event / market correction.
?? Large financial crisis??
Seems like the market is taking a short-term pull back due to profit taking. US economy is still humming along with positive data including rising wages. The only negatives are geo-political (e.g. trade war and instability in foreign markets).
This has been a hated rally but earnings continue to be to the upside.