{"id":103751,"date":"2021-01-01T23:41:24","date_gmt":"2021-01-01T23:41:24","guid":{"rendered":"https:\/\/fin2me.com\/?p=103751"},"modified":"2021-01-01T23:41:24","modified_gmt":"2021-01-01T23:41:24","slug":"exploding-debt-levels-mean-stocks-cant-go-to-the-moon-forever","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/exploding-debt-levels-mean-stocks-cant-go-to-the-moon-forever\/","title":{"rendered":"Exploding Debt Levels Mean Stocks Can&#8217;t Go \u2018To the Moon\u2019&nbsp;Forever"},"content":{"rendered":"<p><span><em><strong>Subscribe to&nbsp;<\/strong>What Goes Up&nbsp;<strong>on Apple Podcasts<\/strong><\/em><br \/><em><strong>Subscribe to&nbsp;<\/strong>What Goes Up&nbsp;<strong>on Pocket Casts<\/strong><\/em><br \/><em><strong>Subscribe to&nbsp;<\/strong>What Goes Up&nbsp;<strong>on 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Please refer to our privacy policy to learn more.<script>var episode = {\n  mediaUrl: \"https:\/\/traffic.megaphone.fm\/BLM6743763598.mp3?source=player\",\n  duration: 2515.34,\n  uid: \"BLM6743763598\"\n};\nvar options = {\n  hideBranding: true\n};\nnew Player(episode, options);\n\/\/ don't break if adblocker blocks GA\nif (typeof window.ga !== 'function') {\n  window.ga = function() {}\n}\nwindow.ga('send', {\n  hitType: 'event',\n  eventCategory: 'Player',\n  eventAction: 'load'\n});\ndocument.getElementById('subscriptions-tab').addEventListener('click', function(event) {\n  var target = event.target;\n  var id = target && target.id;\n  switch (id) {\n    case 'rss':\n      window.ga('send', {\n        hitType: 'event',\n        eventCategory: 'Player',\n        eventAction: 'subscribe.rss'\n      });\n      break;\n    case 'itunes':\n      window.ga('send', {\n        hitType: 'event',\n        eventCategory: 'Player',\n        eventAction: 'subscribe.itunes'\n      });\n      break;\n    case 'spotify':\n      window.ga('send', {\n        hitType: 'event',\n        eventCategory: 'Player',\n        eventAction: 'subscribe.spotify'\n      });\n      break;\n    case 'stitcher':\n      window.ga('send', {\n        hitType: 'event',\n        eventCategory: 'Player',\n        eventAction: 'subscribe.stitcher'\n      });\n      break;\n  }\n});<\/script><svg id=\"SvgjsSvg1003\" width=\"2\" height=\"0\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" xmlns:svgjs=\"http:\/\/svgjs.com\/svgjs\" style=\"overflow: hidden; top: -100%; left: -100%; position: absolute; opacity: 0;\"><defs id=\"SvgjsDefs1004\"><\/defs><\/p>\n<\/polyline>\n<p><\/path><\/svg><!-- Start of eXelate Tag --><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/loadus.exelator.com\/load\/?p=928&amp;g=22&amp;j=0\" height=\"0\" width=\"0\"><br \/>\n<!-- End of eXelate Tag --><br \/>\n<\/body><br \/>\n<!---------------------------------------------  0;_0  ----------------------------------------------><\/p>\n<p>Peter Cecchini, founder and CEO of AlphaOmega Advisors, joins the latest \u201cWhat Goes Up\u201d podcast to discuss the crazy year that was 2020 in markets, and to give his outlook for what\u2019s to come. Topics include efficacy of the Federal Reserve, a boom in retail investor trading and zombie companies.<\/p>\n<p>Some highlights of the conversation:<br \/>\u201cSome of the earnings estimates that I&#8217;m seeing, as you said, the consensus is just below $170, are going to require multiples that just don&#8217;t make a lot of sense to me within the context of the fact that rates can&#8217;t go any lower. So if we&#8217;re looking for multiple expansion to continue to drive the rally, I don&#8217;t think we&#8217;re going to get that because the Fed\u2019s efficacy is limited, right? It has firepower, no one&#8217;s saying the Fed doesn&#8217;t have ammunition. It can print money and it can go buy Treasuries for as long as it would like.&nbsp;But at the end of the day, when you&#8217;re at zero, the stimulative impact is muted&#8230; I think that is one huge piece that people are missing. We&#8217;re not just back to, you know, this `to the moon\u2019 scenario for earnings. If anything, we&#8217;re back to a situation where cashflows remain challenge and, by the way, debt levels have exploded.\u201d<\/p>\n<p><span><strong>Mentioned in this podcast:<\/strong><br \/><meta content=\"QLEHJZDWX2PV\" itemprop=\"suid\"> <meta content=\"StoryLink\" itemprop=\"type\">Day Traders Put Stamp on Market With Unprecedented Stock Frenzy<br \/><meta content=\"WebLink\" itemprop=\"type\">Sustainability SPAC Queen&#8217;s Gambit Growth Capital files for a $225 million IPO<\/span><\/p>\n<p>Source: <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-01\/exploding-debt-levels-mean-stocks-can-t-go-to-the-moon-forever?srnd=premium\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe to&nbsp;What Goes Up&nbsp;on Apple PodcastsSubscribe to&nbsp;What Goes Up&nbsp;on Pocket CastsSubscribe to&nbsp;What Goes Up&nbsp;on Spotify 34||h0&#038;&#038;d(&#8220;lcp&#8221;,[n[n.length-1]])}function i(t){t.getEntries().forEach(function(t){t.hadRecentInput||d(&#8220;cls&#8221;,[t])})}function a(t){if(t instanceof h&#038;&#038;!v){var e=Math.round(t.timeStamp),n={type:t.type};ep.offset&#038;&#038;e<\/p>\n","protected":false},"author":3,"featured_media":103750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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