Feel the Burn

With yesterday’s announcement that Peloton, the “best cardio machine on the planet” according to Men’s Health, is interviewing banks this week in anticipation of going public later this year, the IPO market is heating up to a sweat. With expected IPO’s from Uber, Lyft, and Slack Technologies, 2019 could go down as the biggest year in dollar terms since the halcyon days of 2000. This is also happening while the government has been shut down, putting a stop to IPO’s for that period of time. Wall Street likes big deals, so we should keep an eye on the big bank stocks. Systematic exercise combined with systematic investing, now feel the burn.