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). ___ 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.