Latest news with #KrishnaMemani
Yahoo
14-07-2025
- Business
- Yahoo
What's behind bitcoin's run toward $125K and what's next
Crypto-related stocks like Coinbase (COIN) are showing signs of strength in a broad crypto rally as bitcoin (BTC-USD) nears $125,000. chief strategist Michele Schneider and Lafayette College chief investment officer Krishna Memani join Opening Bid host Brian Sozzi to weigh in on where crypto could go next and whether institutions are ready to get on board. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. Michelle, I want to start with you because uh really Bitcoin has taken off uh the past week, two weeks, even the past month. Any signs of fatigue that you're seeing in Bitcoin, Ethereum, really, I guess, at all across the landscape of uh crypto assets? Well, I was always looking for a 125 target, so we're we're darn close to that, but that doesn't necessarily mean. Time to raise your target, Michelle. Let's get the new target on Yahoo Finance or 200,000 maybe? Well, I I I tend to be a little bit more conservative in my in my calls for things, although I have been also known to make bold ones. But in terms of Bitcoin right now, 125 is really where I'm looking at. But what I'm really interested right now, believe it or not, besides Ethereum, which has exploded over 3,000 and that's fantastic. I really like Chainlink. It has made a huge move over the last week. It actually was starting to make a move even before Ethereum did. And if you look at a chart, since that's what I do, right now it's sitting right at a 200 day moving average. So I'm talking about l i n k u s d. And if it gets through there, it hasn't been since January. We have a really interesting setup where this thing can go much higher. From a from a from a standpoint of what Chainlink does, it's a bridge between what's on the blockchain and what isn't on the blockchain. It actually brings that access to the blockchain. That is a future growth area anyway in the whole space from a more fundamental standpoint. So yeah, I think uh I don't see fatigue in some of the old coins. Like I said, Bitcoin will see around 125. I wouldn't necessarily get out, but I would certainly be looking at holding at 120 now, somewhere around that 118, 120. Yeah, just seeing Michelle what uh Brian Armstrong, uh Coinbase CEO's working on. I mean, really laying the foundation for a very strong, fundamentally oriented business. Let me just follow up with some of the things you said. What is the better trade? Do you trade some of these altcoins and look, they are very, very risky or do you go into something more, I guess a proven commodity at this point, no pun intended in the Coinbase? Well, that's interesting you use the word commodity because as an old school commodities trader, what's so great about all the old coins and Bitcoin and and of course being the kingpin, Ethereum and Chainlink, Solana, all of it is that they're so highly technical. So they're risky in that they're not investments necessarily, although that could be changing with this mass adoption. All this legislation is just another feather in the cap of mass adoption, especially with stablecoin and now Circle that IPO proved that people are hungry for some kind of an access to like a credit card, so to speak, for Bitcoin without actually owning it. The point is is that if you really can understand how to look at price action, especially on these volume surges and take advantage and look at it more as an active investment, sort of almost a fun way to make extra money, then I think it's a great space and that's one of the reasons why I love about it. Krishna, we hear uh we've heard consistently uh of late institutions are getting into crypto. Institutions are getting into crypto. Well, you are an institution. What are your thoughts, have your thoughts changed on crypto compared to six months ago? So I'll start by saying that I've been wrong on crypto for 15 years. So don't whatever I say please. There's always a chance to be right, Krishna. And today could be that day. Yeah, I know that but I think the point that was made earlier was a really good one. That is, if you're going to be playing in crypto, you have to play it the way the commodities folks play it, which is this is really not an investment still. Despite all the talk that we see here about changing landscape and things like that, this is still not an investment. It is a speculative vehicle. You can make a lot of money as people already have. And and and but it's not an investment. So we are not involved and it's quite unlikely that we'll remain involved. The only place where I see crypto actually making progress is on the stable coin front. But if you look at valuations of something like Circle relative to the potential amount of money that you could make out of stable coins, I'm I'm not so sure it's it's the right metric.
Yahoo
14-07-2025
- Business
- Yahoo
Markets could see a 'good' correction or buying opportunity soon
chief strategist Michele Schneider and Lafayette College chief investment officer Krishna Memani join Opening Bid with Yahoo Finance Executive Editor Brian Sozzi to take a closer look at current market positioning. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. One red flag that Goldman Sachs highlighted over the weekend, narrow market breadth. Uh, break that, uh, what that actually means and is it a red flag to you? Well, what they're referring to is only 63% of the market is over the 200 day moving average. And so we have another to overuse a word that we've seen a lot in the first half of 2025, bifurcation potentially happening. And I think that that could be a concern. Um, but there are certain factors obviously from a technical standpoint we have to watch. And one of them would be how the retail space is doing relative to the semiconductor space because we've seen that spread continue to widen where growth just keeps leading and leading. We had a lot of people think that value was going to be the thing this year and we haven't really seen that take off. So I would look for and I like to use XRT as my indicator because it's discretionary and also uh consumer staples. I'd like to see it stay in the game here at least at around 78, 80 if we're looking at a chart. And if that's the case, then this red flag seasonally, we're a little bit in a weak period end of July, but it shouldn't be anything more than a maybe a good correction and maybe a buy opportunity. Michelle, what sectors are you seeing overbought conditions? Well, one could argue right now that some of the metals that have really rallied tremendously over the course of years, not just this year, might be at a bit of an overbought period. Like, for example, you know, silver got to almost 40 overnight, can't quite make it through. Gold has been struggling to get back over 2400. Copper had a big move. Um, as far as the rest of the market right here, I mean, you have to always wonder whether something like Nvidia is overbought, but we know with something like Nvidia just is the reign supreme. So I wouldn't even venture to say that. In terms of the overbought conditions, there's so many things that are so undervalued at this point relative to the things that are overbought. That's what I would choose to focus on here. What has a chance to go higher? And I think the energy space is probably one of the biggest areas that I'm focused on right now. Christopher, where do you see pockets of undervaluation? Well, I I think she just talked about it. The energy is probably the one sector that has lagged the market significantly. And I I I would say even the the the consumers, consumer durable, not durables, consumers sector has probably lagged the market just as much, not to the same extent, but significantly. Those are the two areas of the market that are undervalued. Having said that, I think in this sort of a market, focusing on undervalued sectors, again, may not work out according to plan. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
30-05-2025
- Business
- Bloomberg
Odd Lots: Krishna Memani on Wall Street's Very Expensive 'Free Lunch'
We're told over and over again that the one "free lunch" in investing is diversification, and that you can improve your returns over time simply by investing in a wider range of assets. This is textbook modern finance. And yet over the past several years this hasn't been the case. An investor would have done great just by investing in US stocks (with the occasional hiccups.) What's more, even within US stocks, investors should have concentrated on big tech stocks. Going long US tech has been identified as the most crowded trade by investors for years, and yet most of the time it has outperformed almost everything else. So what are the lessons from this story? And is now the moment where international diversification is going to work? On this episode, we speak with veteran portfolio manager Krishna Memani, who is now the CIO at Lafayette College. Previously, he was the CIO at OppenheimerFunds, which got bought by Invesco. We talk about portfolio theory, the tragedy of the prudent international investor over recent decades, and whether that realized returned we've seen across a range of asset classes should prompt a fundamental rethink of finance theory.
Bloomberg
30-05-2025
- Business
- Bloomberg
Krishna Memani on Wall Street's Very Expensive ‘Free Lunch'
Markets Odd Lots Why international diversification has been a flop. Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Subscribe to the newsletter We're told over and over again that the one "free lunch" in investing is diversification, and that you can improve your returns over time simply by investing in a wider range of assets. This is textbook modern finance. And yet over the past several years this hasn't been the case. An investor would have done great (with the occasional hiccups) just by investing in US stocks. What's more, even within US stocks, investors should have concentrated on big tech stocks. Going long US tech has been identified as the most crowded trade by investors for years, and yet most of the time it has outperformed almost everything else. So what are the lessons from this story? And is now the moment where international diversification is going to work? On this episode, we speak with veteran portfolio manager Krishna Memani, who is now the chief investment officer at Lafayette College. Previously, he was the CIO at OppenheimerFunds, which got bought by Invesco. We talk about portfolio theory, the tragedy of the prudent international investor over recent decades, and whether that realized return we've seen across a range of asset classes should prompt a fundamental rethink of finance theory.
Yahoo
19-05-2025
- Business
- Yahoo
Moody's Downgrade Should Have Happened Sooner: Memani
Krishna Memani, Lafayette College CIO, says the Moody's downgrade of the US credit rating should have happened a while ago, but it's not really driving the market right now. He also talks about what could tip the US into a recession. He speaks on "Bloomberg Surveillance." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
