Post by SWAN Capital Solutions

𝗔𝗜 𝗳𝗲𝗮𝗿𝘀 𝗻𝗼𝘁 𝗮𝗹𝗶𝗴𝗻𝗲𝗱 𝘄𝗶𝘁𝗵 𝗳𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹𝘀 ➔ Market is treating capex as a risk factor rather than a growth enabler: Initially, ROE appears compressed as capex accelerates. Over time, revenue growth and margin expansion offer good return on investment. ➔ Macro evidence does not point to a capex bubble. Investment-to-GDP and the capital stock remain below prior excesses, and corporate leverage is still low.