Odd Lots
Steve Eisman of ‘Big Short’ Fame Sees a New Paradigm Unfolding in Markets
After years of tech stock dominance comes the painful process of moving onto something new.
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Don’t be fooled by the recent rally in everything from tech stocks to crypto, says Steve Eisman.
The Neuberger Berman Group portfolio manager, who famously bet against subprime mortgages right before the global financial crisis, sees an oncoming market regime shift in the higher interest-rate era, with new leaders replacing the big companies that have dominated the investment landscape over the past decade or so.