After a horror 2022, the Frazis Capital Fund surged in January and founder Michael Frazis declared slowing US inflation is bullish for tech.
Growth-focused fund manager Michael Frazis has told investors evidence that US inflation peaked near the end of 2022 means technology and software businesses can reclaim their mantle as the market’s top performers.
“Our strategy from here is to make sure this fund is the single best way to play a recovery in technology and growth.”Dominic Lorrimer Mr Frazis suggested the massive compression in price-to-earnings multiples over 2022, driven by the US Federal Reserve’s aggressive rate raising cycle, means now is the time for investors to jump in.
“In January, Shopify broke above key moving averages for the first time in over a year. Since it has continued growing throughout this period, the stock can move to significant new highs without valuations ever approaching 2021 levels,” he said. “Achieve’s drug has proven five to eight times more effective than a placebo in trials, with substantially lower side effects than varenicline or bupropion,” Mr Frazis said.“There are many opportunities like this in the life sciences, which is still recovering from a record washout in 2022, including cases like this where the science has been significantly de-risked.”
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