Wayfair: Strong Performance, Terrible Valuation (Upgrade) (NYSE:W)

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: Analyst Background - Gary Alexander has extensive experience in covering technology companies and has served as an adviser to seed-round startups, providing insights into current industry trends [1]