In January I wrote about the ‘fintech crash‘ and the ‘great roundtrip‘.
Not much has changed, but a lot will change and I continue to think about the charts and the companies that continue to get added to the lists.
The companies on the ‘great roundtrip’ list is growing. That makes sense as The FED is in rate raising mode, the 10 year rate has climbed to 2 percent and sentiment has changed with the prices.
I mentioned in the post that:
Now is the time for fundamentals to make a difference and there is an opportunity for amazing winners to be picked in this rubble. I will keep an eye on this list and add to it to see which companies left behind can turn a corner.
On Friday after the close rumors circulate that Amazon might buy Peloton. If true, maybe Peloton just have gotten too cheap. Amazon would be able to offer a great new feature to Amazon Prime with Peloton.
Also – Snapchat surprised everyone leaning against it because of Facebook’s hated quarter and the stock rose FIFTY percent on their earnings release.
The ‘great roundtrip’ list will be something I continue to monitor as trend fail or reemerge.
As for the ‘fintech crash’ things have mostly just gotten worse.
I am starting to form some strong opinions about what comes next. The opinions are worthless, but I did add some Coinbase to my long-term portfolio and feel that crypto (the right crypto) is going to come out of this fintech crash as the true ‘fintech’. The era of neobanks and payment companies has been spectacular, but just a pre show to the real fintech disruption ahead.
