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June 12, 2022: Expecting Another Leg Down

June 12, 2022: Expecting Another Leg Down

Late last week, major stock indices suffered another leg down, with the NASDAQ having an especially bearish close on Friday. Clio, a Canadian provider of cloud-based legal technology, announced it had achieved “Centaur” status, a title reserved for private SaaS...
June 05, 2022: Bear Market Rally Over?

June 05, 2022: Bear Market Rally Over?

The market had another down day Friday, as the NASDAQ closed the week down about 1%, after a bit of a reprieve the previous week. Meanwhile, bearish headlines continue to pile up. Fidelity cut Stripe and Reddit valuations amid the tech stock downturn. Forbes and...
May 29, 2022:  Are We There Yet?

May 29, 2022: Are We There Yet?

The Dow Jones Industrial Average jumped 6.2% in last week’s stock market trading. The S&P 500 index leapt 6.6%. The Nasdaq composite popped 6.8%. The small-cap Russell 2000 ran up 6.55% – a refreshing change after weeks of declines. Sand Hill Road’s...
May 22, 2022: Markets In Turmoil

May 22, 2022: Markets In Turmoil

Some stats from Morning Brew put recent stock market volatility into perspective. The Dow posted its eighth straight weekly loss, which is its longest weekly losing streak since 1923. The S&P has lost ground for seven straight weeks, its longest losing streak...
May 15, 2022: Price Drives Narrative

May 15, 2022: Price Drives Narrative

Other than a likely short covering rally on Friday, the pain in growth stocks continued through last week. As Shopify’s (SHOP-NYSE, SHOP-TSX) stock price continued to slide, the company’s senior executives are putting on a public display and promising to personally...
May 8, 2022: Yet Another Tough Week For Growth Stocks

May 8, 2022: Yet Another Tough Week For Growth Stocks

Shopify’s shares plunged on Thursday after the e-commerce company announced plans to make a big fulfillment acquisition even as its revenue growth slows dramatically. Neo Financial has become Canada’s latest unicorn tech company after securing a $185 million Series C...