This comment should be treated with a large grain of salt!
The reason you should care, but not too much about this "proof" of the slow down is that its circumstantial with a sample of TWO. That's just not enough to get people excited. Moreover, one of the two "example" was recently acquired -- which means that the pre-purchase performance was over-inflated and that reality is catching up.
The examples are as follows: (1) A Fintech (2) A law firm
The first (the subject of a recent acquisition -- all participants were private companies...), has seen, since the end of Q4/2018 a slow down in billing; both in terms of acquiring new clients but also getting new business from existing clients. I should point out that this fintech is very exposed to the retail sector (via its clients). they have seen, on average, a 25% reduction in billing from existing clients! Heads rolled last week!
The second is a law firm, that is seeing a massive increase in its activity, but not from new clients, rather consolidation and redrafting agreements. The comment I got was; its kind of strange our clients are asking that we review all contracts in place. Moreover, a lot of the work revolves around getting their lines of credit fully sorted.
On a technical level you could also say that we're seeing a real "head and shoulder" market (up, pause, more up, pause, down, pause slight up, down (chartists would say that we are in the, slight up phase of the market correction...
The reason you should care, but not too much about this "proof" of the slow down is that its circumstantial with a sample of TWO. That's just not enough to get people excited. Moreover, one of the two "example" was recently acquired -- which means that the pre-purchase performance was over-inflated and that reality is catching up.
The examples are as follows: (1) A Fintech (2) A law firm
The first (the subject of a recent acquisition -- all participants were private companies...), has seen, since the end of Q4/2018 a slow down in billing; both in terms of acquiring new clients but also getting new business from existing clients. I should point out that this fintech is very exposed to the retail sector (via its clients). they have seen, on average, a 25% reduction in billing from existing clients! Heads rolled last week!
The second is a law firm, that is seeing a massive increase in its activity, but not from new clients, rather consolidation and redrafting agreements. The comment I got was; its kind of strange our clients are asking that we review all contracts in place. Moreover, a lot of the work revolves around getting their lines of credit fully sorted.
On a technical level you could also say that we're seeing a real "head and shoulder" market (up, pause, more up, pause, down, pause slight up, down (chartists would say that we are in the, slight up phase of the market correction...
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