“Since 1980, the U.S. government debt has risen from 31 per cent of GDP to 120 per cent, and 10-yearr Treasury yields have shrunk from 12 per cent to 4.6 per cent today. The result: a massive wealth transfer from the public to the private sector – companies and consumers: U.S. household net worth increased from $17-trillion to $150-trillion. The biggest beneficiary of the great wealth transfer was the Baby Boomer generation , in the prime working age during the period of wealth creation.
“Ahead of cybersecurity 3Q 2023 prints, we performed 7 checks over the past 2 weeks to get a better sense of how demand is tracking. Buyer sentiment looks to be relatively consistent with last quarter. Initial conversations on C24 cyber budgets suggest 5-15-per-cent increases on average with SASE and cloud security called out as top priorities. Tactically into on-cycle earnings we like CHKP as a long. ..