Here’s Rowan Street Capital’s Analysis on Meta Platforms (META)

Rowan Street Capital, an investment management company, released its Q1 2026 investor letter. A copy of the letter can be downloaded here. The first quarter of 2026 left investors with plenty of concerns. Rising tensions in the Middle East have driven oil prices up, reigniting inflation concerns and delaying a shift to lower interest rates. Markets are narrative-driven, suggesting that high borrowing costs hinder growth, while skepticism grows about the immediate returns of AI. Investors are increasingly favoring energy and cyclical sectors, as they seek stable cash flows. Additionally,...