Tech Won't Prop Up Market as It Has: Evercore's Emanuel

The video discusses the current state of the market, focusing on the impact of big tech and the potential deflation of a tech bubble. It examines the influence of FANG stocks on market returns and the role of risk-free rates in financial strategies. The discussion also covers how companies allocate capital and the strategic use of buybacks in the current economic environment.

What are the implications of the tech bubble on the economy according to the text?

How have the returns in the market been influenced over the last 10 years?

What does the text suggest about the future performance of secular growers?

What changes in capital allocation strategies are suggested in the text?

Discuss the role of buybacks in the current market environment as mentioned in the text.