I had an interesting conversation with a friend this morning
Frank Partnoy on the hidden systemic risk of leveraged loans
understanding these things now will be helpful should things begin to get materially worse.
Clip From Today’s Halftime Report
I’m hoping markets trade sideways for awhile: Jim Cramer from CNBC.
Unheard of
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
