None of the information, presentations and materials issued, distributed or presented at, or in connection with, MFA Network 2023 or participation in MFA Network 2023 constitutes an offer to sell, or a solicitation of an offer to buy, any security. Dedicated concierge service to assist with platform offerings.Īll meetings will be facilitated through our digital platform, the MFA Conferences and Events App.Īll information, presentations or materials issued, distributed or presented at, or in connection with, MFA Network 2023 are for informational purposes only and do not constitute investment, legal or tax advice.
ICONNECTIONS MIAMI 2023 FULL
He is still bearish in the short term, even quipping that bonds are a better buy than stocks right now. equities strategist at Morgan Stanley, has been one of the most vocal - and accurate - Wall Street bears over the past year. Yet amid the gloom, there were glimmers of positivity. This suggests equity investors are betting heavily on the Fed successfully engineering a 'soft landing' - possible, but far from certain. Forward 12-month earnings growth estimates have fallen to 3.5% from 10% a year ago, but they remain positive. The consensus forecast for total 12-month forward earnings per share of S&P 500 companies is $225, the lowest in a year but still near July's all-time high of $238.
Estimates are coming down, but not far or fast enough. "Both roads lead to re-priced assets," Chamath Palihapitaya, CEO of Social Capital and former Facebook executive, told the conference.Įarnings was frequently mentioned as the main reason for caution. But not on Wall Street - either the market capitulates because the economy goes into reverse, or it tanks because inflation forces the Fed to keep interest rates high. The number of delegates was up significantly from last year's total of around 2,300, evidence that, after a year of terrible returns for many, there is a lot of money to be put to work.ĭespite massive Fed tightening and the prospect of liquidity drying up significantly this year, investors see opportunities out there.
funds and investment firms overseeing trillions of dollars of assets were in attendance, and speakers included billionaire investors Mark Cuban, Jim Chanos, Marc Lasry and Kim Kardashian. Money managers at some of the largest U.S. Some 3,500 people from across the investment and risk spectrum descended on the iConnections Global Alts 2023 conference in Miami this week - hedge funds, asset allocators, family offices, digital and private market participants, asset managers, wealth managers and alternatives specialists.
0 kommentar(er)
