Expensify: Tough To Argue With Solid Cash Flow

Core Insights - The market's significant gains this year have been primarily driven by large-cap, momentum-driven tech stocks, which are currently trading at historic high multiples [1] Group 1: Market Trends - The majority of the year's market gains are attributed to a disproportionate rally in large-cap technology stocks [1] - Large-cap multiples are at historic highs, indicating a potential overvaluation in the tech sector [1] Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing insights into current industry themes [1] - He has been a contributor to Seeking Alpha since 2017 and has been quoted in various web publications, indicating his influence in the investment community [1]