Shervin Pishevar tweetstorm reveals the state of US economy and the bond market
Shervin Pishevar is the former managing director at Sherpa Capital and an Uber investor. He is a venture capitalist who has helped nurture the talents of so many Americans in the Silicon Valley. Some of his recent contributions can be seen through companies such as Munchery, Uber, Hyperloop One and Airbnb. As an investor, he has seen a lot happening in the fields of economics and finances. He can know when to invest and when to keep his hands in the pocket. His experience makes him one of the prominent voices as far as the growth of the American economy is concerned.
In February of this year, Shervin Pishevar posted 50 messages on Twitter after staying out of the social media for a few months. His comeback was pronounced due to the weight of the messages he posted. He revealed his thoughts on various matters surrounding the US economy and the financial industry in general. The highlight of the tweetstorm was the dim picture he painted about the US economy.
After considering various factors that go hand-in-hand with economic growth, Shervin Pishevar was convinced that the US economy was on the downward trend. The stock market was going down, inflation was kicking in, and the interest rate was going up. All these indicators show an ailing economy. Shervin Pishevar projected that the stock market would drop by 6,000 points in the year. The losses would be enough to erase the gains made in the past one year.
Shervin Pishevar mentioned the bond market would also be on the receiving end. The volatility witnessed in the market would catch up with other markets ad essentially there would be no worthy asset for investors. All of them will be overvalued, and there would be no net gains in the process for investors. Shervin added that the uncertainty that is coming from Washington in regards to trade deals is only making matters worse. He predicted that the bond market would first rise before tumbling down and would be in line with the equities market.