12: Sequoia insights, growth vs. interest rates, IPO market games
enlighten.substack.com
I enjoyed reading this letter from Sequoia to their investee companies. Two ideas stand out for me: The economy (especially US) is really strong, with the second half of 2021 likely to have stronger growth than we have seen in decades. Add to that, (a) vaccines, (b) end to lockdowns (c) improved consumer balance sheet and (d) more record government/central bank stimulus; and you have a really strong economic backdrop (maybe too hot for the bond market?).
12: Sequoia insights, growth vs. interest rates, IPO market games
12: Sequoia insights, growth vs. interest…
12: Sequoia insights, growth vs. interest rates, IPO market games
I enjoyed reading this letter from Sequoia to their investee companies. Two ideas stand out for me: The economy (especially US) is really strong, with the second half of 2021 likely to have stronger growth than we have seen in decades. Add to that, (a) vaccines, (b) end to lockdowns (c) improved consumer balance sheet and (d) more record government/central bank stimulus; and you have a really strong economic backdrop (maybe too hot for the bond market?).