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SECTOR ETFIGVWCLDBEARISHSubstantive discussion · 3/5

No single ticker was named. Cloud & software ETFs are one way for retail investors to get exposure. Not a recommendation.

SaaS facing a fundamental growth rate reset

The case was made that the SaaS market is grappling with whether current low multiples reflect a temporary pricing dislocation or a fundamental, long-term change in expected growth rates.

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NOT INVESTMENT ADVICE · A SUMMARY OF WHAT WAS SAID ON THE PODCAST · VERIFY AGAINST THE SOURCE