Remove 2024 Remove Marketability Remove Risk Premium
article thumbnail

Data Update 2 for 2024: A Stock Comeback - Winning the Expectations Game!

Musings on Markets

That positive result notwithstanding, the recovery was uneven, with a big chunk of the increase in market capitalization coming from seven companies (Facebook, Amazon, Apple, Microsoft, Alphabet, NVidia and Tesla) and wide divergences in performance across stocks, in performance. increase in market capitalization.

article thumbnail

Market Bipolarity: Exuberance versus Exhaustion!

Musings on Markets

That recovery notwithstanding, uncertainties about inflation and the economy remained unresolved, and those uncertainties became part of the market story in the third quarter of 2023. The Markets in the Third Quarter Coming off a year of rising rates in 2022, interest rates have continued to command center stage in 2023.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Data Update 2 for 2023: A Rocky Year for Equities!

Musings on Markets

It is the nature of stocks that you have good years and bad ones, and much as we like to forget about the latter during market booms, they recur at regular intervals, if for no other reason than to remind us that risk is not an abstraction, and that stocks don't always win, even in the long term.

Equity 72
article thumbnail

Data Update 3 for 2024: Interest Rates in 2023 - A Rule-breaking Year!

Musings on Markets

As we start 2024, the interest rate prognosticators who misread the bond markets so badly in 2023 are back to making their 2024 forecasts, and they show no evidence of having learned any lessons from the last year. In fact, treasury bill rates consistently rise ahead of the Fed's actions over the two years.

article thumbnail

Valutico Announces Six New Features  

Valutico

See below for the latest set of upgrades and watch this space in early 2024 for more to come soon. New Professional Report Style: What? New Emerging Market Data (From EMIS): What? Stay tuned for more exciting and significant updates coming in early 2024. Available in Transactions Search. Why Important? Why Important?

article thumbnail

DEBRA, next big tax reform in Europe?

Simply Treasury

The idea is not new to encourage companies to increase their capitalization and reduce their bank debt (partly through more recourse to the capital market - CMU project). The rate would be calculated based on a 10-year "risk-free interest" rate depending on the currency, increased by a 1% risk premium (1.5%

Equity 52
article thumbnail

Disagreements and First Principles: The Pushback on my Tesla Valuation

Musings on Markets

Finally, my starting cost of capital of 10.15% reflects the reality that the riskfree rate and equity risk premiums have risen over 2022, and my ending number of 9% is an indication that I expect Tesla to become less risky over time. It was the reason that I argued at a $1.2