Latest / Rigatoni Capital Podcast
Software Job Cuts, Funky Earnings, and Why I'm Not Trimming Caterpillar
We are heading into the dog days of summer with the World Cup on and earnings still a few weeks out. I talk about why the current SaaS software selloff reminds me of the 2022 bear market. I also explain why the AI disruption story hits the stock price first and the job cuts come later. I also flag some funky GAAP accounting to watch, where companies like Amazon have to book gains on their private stakes in Anthropic, which can juice net income. I reviewed my portfolio heading into July and decided not to trim Caterpillar or Lam Research despite both being up huge, because I have always seen…
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