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No. of Recommendations: 2
This month the Cloud Exuberance Index (CEX) reached another all time high.

Clearly the lust for Cloud stocks is unabated, and in fact accelerating.

https://public.flourish.studio/visualisation/4657221/

This index is something I created for my own amusement. I'm posting it here in case you are
interested.

The Law of Small Numbers says beware attaching any meaning to this graph.

The multiple for any month is compared to the multiple in the base month ending 12/31/2019.
Currently 2.1x. Data is from the BVP Cloud Index site which uses EV/Annualized Revenue to get
the average multiple for EMCLOUD Index constituents.

Best,
Ears
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