Wayfair: Strong Performance, Terrible Valuation (Upgrade)

Core Insights - The Q3 earnings season is underway, with a prevailing sense of relief in the markets as they trend towards new record highs [1] Group 1: Market Performance - Markets are continuing to push higher, indicating positive investor sentiment and confidence in economic recovery [1] Group 2: Industry Expertise - Gary Alexander, with extensive experience in technology and startups, provides insights into current industry themes, contributing regularly to Seeking Alpha since 2017 [1]