What we were seeing in the second half of last year. I want to add to the conversation were already having on the outlook for the markets. We havent felt the impact of fiscal tightening yet. Were going to have to watch the consumer very closely. Well be having pretty Big Government spending cuts with the sequester. I think we need to be a little cautious in the first half of this year. This wont be a linear rally in the stock market. The first half is going to face some pretty big headwinds from the economy, so im cautious about the next few months here. Cautious about the next few months, so does that translate into taking money out of stocks . Is this rally that weve been seeing, even though we saw fractionial losses today, is it justified given these expectations that you think the economy turns downward . I think if you look just at the earnings picture and ignore whats going on in washington, the markets should be up even more. I mean, theres plenty of room for stocks to rally, an
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This week, Women in Fund Finance Global hosted a two-day virtual event covering all aspects of SPACs.
Day One covered “What Is Going On in the SPAC Market?
” The panelists included Nichole Burnap, a portfolio manager in charge of the SPAC portfolio at Teachers Retirement System of Texas; Amit Chandra, a managing director and head of Natural Resources & Sustainable Impact Equity Capital Markets at Barclays; Carol Lowe, an independent director at TCW Special Purpose Acquisition Corp.; Brett Northart, a member of the management team at Kernel Group Holdings, Inc.; and Thomas Amburgey, a director at First Reserve and CFO of a recent SPAC. The panel was moderated by Marshall Shaffer, a partner at Kirkland & Ellis.