Whatever comes after Trump and Biden will be worse

What has developed is more like a K. On the upper arm of the K are well-educated and well-off people, businesses tied to the digital economy or supplying domestic necessities, and regions such as tech-forward Western cities. By and large, they are prospering. On the bottom arm are lower-wage workers with fewer credentials, old-line businesses…

This is what IPO Nirvana actually looks like

Thanks for listening to the new episode of my podcast over the weekend – I had on two experts in the IPO market to discuss what’s going on now and what is to come as we end 2020 with a record number of deals and dollars raised. If you missed it, my big takeaway is…

Asymmetry

Measures of volatility don’t always match up well with the direction of the stock market.

Failure

The President’s failure to suppress the virus’s spread through strong, consistent national policies and Speaker Pelosi’s failure to make a deal with the Treasury Secretary for a new round of stimulus (so far) have now hit the tape in the form of a deceleration in hiring this past month. September’s jobs report came out this…