SPACs Are Bonds, Actually | Louis Camhi

Louis Camhi, founder and chief investment officer of RLH Capital, returns to Forward Guidance to provide a strategic update on the world of SPACs (Special Purpose Acquisition Companies).
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Use code GUIDANCE20 to get 20% off Permissionless 2023 in Austin:
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Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos
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Timestamps:
(00:00) Introduction
(00:58) "A Lot Of The Optionality of SPACs Is Dead"
(17:25) State of SPAC Dealflow In Summer 2023
(32:08) Warrant Arbitrage
(59:43) SPAC LIquidiation Wave in December 2022 Because of Stock Buyback Tax Threat In Inflation Reduction Act
(01:06:49) "SPACs Are A Bull Market Product"
(01:20:02) How SPAC Yields Have Changed With RIsing Interest Rates
(01:29:17) Macroeconomic Implications
(01:32:07) View on Banks
(01:38:26) Cannabis
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Louis Camhi, founder and chief investment officer of RLH Capital, returns to Forward Guidance to provide a strategic update on the world of SPACs (Special Purpose Acquisition Companies).

___

Follow Louis Camhi on Twitter https://twitter.com/valwithcatalyst

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_

___

Use code GUIDANCE20 to get 20% off Permissionless 2023 in Austin:

https://blockworks.co/event/permissio...

Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/

___

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:

https://rb.gy/5weeyw

Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos

___

Timestamps:

(00:00) Introduction

(00:58) "A Lot Of The Optionality of SPACs Is Dead"

(17:25) State of SPAC Dealflow In Summer 2023

(32:08) Warrant Arbitrage

(59:43) SPAC LIquidiation Wave in December 2022 Because of Stock Buyback Tax Threat In Inflation Reduction Act

(01:06:49) "SPACs Are A Bull Market Product"

(01:20:02) How SPAC Yields Have Changed With RIsing Interest Rates

(01:29:17) Macroeconomic Implications

(01:32:07) View on Banks

(01:38:26) Cannabis

___

Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.