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Quote of the Day
"Huge swaths of the economy are starting to experience the biggest demand shock any of us have ever seen."
(Neil Irwin)
Chart of the Day
The VIX closed yesterday at a new record topping the November 20, 2008 high.
Markets
- The panic button has been pushed. (sentimentrader.com)
- The bear market has created a class of stocks with bond-like yields. (ai-cio.com)
- Have volatility-based algorithms exacerbated the decline? (wsj.com)
Blogosphere
- The 12 best investing blogs of 2020 including "Crossing Wall Street." (investmentu.com)
- Investment blogs can't become coronavirus blogs overnight, nor should they. (monevator.com)
Strategy
- John Rekenthaler, "Save for cash, there’s no portfolio diversifier more reliable than high-quality bonds." (morningstar.com)
- The re-pricing of the stock market has been stunning. (awealthofcommonsense.com)
- Asset class correlations have increased in the midst of the crisis, but that doesn't tell us much about the future. (ofdollarsanddata.com)
- Retail investors are not the dumb money. (finance.yahoo.com)
Crypto
Restaurants
- Restaurant traffic was plunging even before various restrictions were put in place. (calculatedriskblog.com)
- America's restaurants are going to get crushed absent some inervention. (theatlantic.com)
- Should you still order takeout and delivery from your favorite restaurants? (eater.com)
Companies
- Amazon ($AMZN) is hiring! (wsj.com)
- Starbucks ($SBUX) is upping its mental health benefits to all employees. (wsj.com)
Finance
- Practical restrictions are going slow private equity firms from putting their dry powder to work. (institutionalinvestor.com)
- Hiring on Wall Street is effectively on pause. (institutionalinvestor.com)
Exchanges
- Do market circuit-breakers really do anything? (wsj.com)
- How to trade ETFs during a period of unprecedented market volatility. (wisdomtree.com)
- Futures margin increases are going to have to work their way through the financial system. (mrzepczynski.blogspot.com)
- The CFTC is going to temporarily ease some record keeping procedures to allow work from home flexibility. (wsj.com)
Covid-19 treatments
- Regeneron ($REGN) is developing an antibody-based drugs to prevent/treat Covid-19. (statnews.com)
- Moderna ($MRNA) has started testing a novel coronavirus in humans. (nytimes.com)
Covid-19 testing
- Everything you need to know about Covid-19 testing. (wired.com)
- The FDA is going to allow the sale of DTC Covid-19 tests. (wsj.com)
Covid-19 effects
- The at-home economy is changing before our eyes. (axios.com)
- America's home broadband system is set to be tested as everyone gets online all at once. (nytimes.com)
- Convincing young people that social distancing matters has been a challenge. (wsj.com)
- Individual actions do matter when it comes to slowing pandemics. (kottke.org)
Global
- Why did Italy get hit so hard by Covid-19? (wired.co.uk)
- Taiwan has handled Covid-19 as well as can be expected. (reasonstobecheerful.world)
- What the UK got wrong in its initial approach to Covid-19. (theatlantic.com)
Earlier on Abnormal Returns
- Research links: negative cash flows. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: client service. (abnormalreturns.com)
- The scarcity mindset saps your ability to make good decisions. Covid-19 is making putting more of us at-risk. (abnormalreturns.com)
- Structural breaks can only be known in hindsight. (abnormalreturns.com)
Mixed media
- The path between mainstream media and digital media go both ways. (washingtonpost.com)
- How The Dispatch built a viable business on top of Substack. (techcrunch.com)
- What's a sports talk host supposed to do when there are no sports to talk about? (wsj.com)
- Deadspin is back and (almost) no one cares. (slate.com)
