What makes this cycle distinctly different from other cycles is that we are starting off with such a high valuation across most industries and sectors…
Would be hard to observe the tug of war on valuation on the cyclical recovery plays vs. how much the circular growther (Big Tech) which arguably had in 2021 the best year ever.
Well, if anything this cycle looks eerily similar to the 2001-2003 after the post dot.com bubble reallocation of capital
