Can an army of retail know-nothing pajama traders save a corporation through deliberate indifference?
Listen to Jeremy Grantham explain the slow death of value investing better than anyone
It’s one of the best podcast episodes of the year for me.
Clip From Today’s Halftime Report
Stocks plunge more than 1,000 points as coronavirus cases spike in reopening states from CNBC.
Two big L’s in a row
Those who refuse to acknowledge the racial injustice awakening going on in our country this summer took two big L’s within the last week or so.
Ten reasons the “second wave” hasn’t spooked the markets (yet)
In the state of Texas, hospitalizations for the virus are up 42% since Memorial Day.
Rates
We just saw a cycle-high Fed Funds rate of 2.5%! What will be the next cycle high, 1%?
10% of jobs lost due to the virus have come back in May
All of this is encouraging news. The stock market has obviously been front-running it for weeks
Clips From Today’s Halftime Report
These are reasonably priced, quality stocks: Investors from CNBC.
“We are overreacting because if it looks like you’re overreacting, you’re probably doing the right thing”
The US stock market has just completed the best 50-day period of returns, well, ever.
Commercial vs Household Bankruptcies in May 2020
One way in which the current recession looks nothing like the last one
