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Quote of the Day
"This week will shape an entire generation’s view on risk. Young people will remember the coronavirus and they’ll remember what it did to the stock market."
(Michael Batnick)
Markets
- How this sell-off compares to 1987, 9/11 and 2008. (sentimentrader.com)
- China's stock market has lead during this market downturn. (capitalspectator.com)
- John Rekenthaler, "In summary, Treasury yields are unappealingly low, but seemingly not irrational." (morningstar.com)
- Now is the time for alternative assets to perform. (allaboutalpha.com)
- It's safe to assume financial markets will stabilize before the real economy. (wired.com)
Strategy
- Taking small steps can help you avoid big regrets. (wsj.com)
- GMO is beginning to see value in equities. (institutionalinvestor.com)
- It doesn't seem like it now, but we will learn from this crisis. (330ramp.com)
Crypto
Industries
- The downturn in the hospitality industry is clear in the data. (media.thinknum.com)
- The entire global airline industry is in flux. (nytimes.com)
- A list of all the media/entertainment stuff that has been canceled. (vox.com)
- Austin is waking up to the costs of having to cancel SXSW. (bloomberg.com)
Companies
- Airbnb was on track for an IPO. Then Covid-19 hit. (ft.com)
- Slack ($WORK) is seeing a surge in usage but closing new sales could slow. (cnbc.com)
- Softbank is reupping its share buyback program. (reuters.com)
- Apple's ($AAPL) annual WWDC is going online-only. (businessinsider.com)
- Berkshire Hathaway's ($BRK.A) annual meeting is going virtual. (finance.yahoo.com)
Finance
Funds
Covid-19
- The most effective actions in the US are happening at the state and local level. (epsilontheory.com)
- There is no good alternative to 'social distancing.' (gq.com)
- Rural areas may be slower getting Covid-19 but that does not mean they won't eventually. (npr.org)
- Some countries have ignored advice from the WHO. (nytimes.com)
- Why soap works. (kottke.org)
Global
Economy
- Trying to put some scope around how badly Covid-19 will affect the economy. (ritholtz.com)
- Pandemics have profound economic effects. (economist.com)
- Sometimes things really are different this time around. (nytimes.com)
Earlier on Abnormal Returns
- Podcast links: coronavirus coverage (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: less friction. (abnormalreturns.com)
