Last night we did a solo show focusing on our ideas about what has been happening in the economy and market post-crisis. We focused specifically on the growing schism between corporate America and Main Street and why markets seem to all be trading in unison.
Below you can find the broadcast embedded and the links mentioned in our discussion.
Below are the links mentioned in this broadcast:
- What $FDX earnings tell us about the distinction between the stock market and the domestic economy. (AR Screencast)
- Squaring the circle: corporate America and the correlation conundrum. (Abnormal Returns)
- How the latest earnings will only create more rage at Corporate America. (The Money Game)
- Anomalous capacity shrinkage. (Economist’s View)
- No matter how you look at it earnings surprises (and guidance) look strong. (Bespoke)
- Heavy industry is booming. (FT)
- Cash as the real option. (Worthwhile Canadian Initiative)
- Corporate profits and cash piles. (Free exchange)
- $837 billion in cash. (Crossing Wall Street)
- Increasingly globalized companies now “inhabit their own thriving economy, unencumbered by many of the ills of nation-states.” (Time)
- Recovery apartheid. (The Reformed Broker)
- Lost in correlation fatigue. (FT Alphaville)
- The forthcoming golden age of stockpicking. (Abnormal Returns)
- Investors face a world of correlation. (FT)
- On correlations and ETFs. (FT Alphaville)
- GMO’s Chancellor: stable US firms bright spots. (IndexUniverse)
