The Razor’s Edge #5: Trading In A Surprisingly Choppy 2020 Market

The market has seemed to be on an up and to the right path, but underneath there's been a surprising amount of churn. Large-cap growth stocks especially have moved suddenly on unclear reasoning, moves that seem skittish amidst a bull market. This may just be a sign of late-cycle behavior, or it may be a source of opportunity for the nimbly patient investor. We discuss several tech stocks and provide examples of what is going on. Topics Covered 2:00 minute mark - Setting the scene on this market 10:45 - The whiplash effect and how this affects relative valuation 13:15 - Is long term investing in trouble? 17:30 - ZOOM, WORK, DBX as long-term examples of this phenomenon 28:00 - Finding the right pair trade... harder in this market? 35:00 - The general risk climate in the market 49:00 - Apple (AAPL) and 5G 54:15 - Given the issues, how are you going to trade for the year? 1:00:00 - Streaming vs. SaaS in terms of valuation 1:09:00 - Will there be a rush back into growth stocks in 2020?