Tech if Iran risk fades — Three Independent Lenses
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
1. Valuation reset
Tech is now ~20.6x vs S&P 500 ~19.6x 12mth fwd EPS
Less than 1 turn premium (last happened in 2020)
But 12mth fwd earnings growth more than double at ~49% vs 21%.
You’re not paying for growth - Tech is priced like a cyclical.
2. Macro positioning: cleanest beneficiary
Using Quant Insight’s macro risk model, we built an “Iran Dissipation Score”, ranking exposures based on the below:
Continue reading our analysis by downloading the PDF above
Related Articles
Crowding Is a Macro Story -Where It Matters
Equity Exposures, Sector Trends & Regime Analysis—In Depth
The market has stopped pricing credit risk.
Equity Exposures, Sector Trends & Regime Analysis—In Depth
Dollar up, stocks down. It's not that simple.
Whats driving the S&P500 now and what to watch