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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(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.

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