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Quote of the Day
"I see no reason why financiers should be bailed out simply because the event they're being harmed by was unpredictable."
(Howard Marks)
Markets
- Negative spot crude oil prices are a possibility. (wsj.com)
- 2020 is a tale of two bond markets. (capitalspectator.com)
- Short-term optimism has spiked. (sentimentrader.com)
- A look at the number of stocks now above their 50 and 150 day moving averages. (disciplinedinvesting.blogspot.com)
Companies
- We are now coming to terms with the power and scope of Big Tech. (stratechery.com)
- Companies are struggling to deal with the all of the customer support calls coming in. (washingtonpost.com)
- Why you want Apple ($AAPL) as a part of a contact-tracing effort. (macworld.com)
- Airlines got their bailouts. (washingtonpost.com)
Media
- Ad rates have plunged putting even Google ($GOOGL) and Facebook ($FB) earnings at-risk. (nytimes.com)
- NBC Universal's new streaming service Peacock is now rolling out to Comcast customers. (variety.com)
- Studios are looking to offload movies to Netflix ($NFLX) and Amazon ($AMZN). (theinformation.com)
- Amazon ($AMZN) is dramatically cutting commissions to online publishers. (cnbc.com)
Apps
- Can Zoom ($ZM) hold onto all of its new users, post-coronavirus? (ftalphaville.ft.com)
- Houseparty is vying with Zoom to be the leading new social app in the age of social distancing. (bloomberg.com)
Fund management
- Norway has hired a successful hedge fund manager to run its giant sovereign wealth fund. (ft.com)
- CalPERS eliminated its tail-hedge program at the worst possible time. (institutionalinvestor.com)
- Some non-traded REITs have shut the door to withdrawals. (wsj.com)
Covid-19
- The US economy will reopen sooner than it should. (marginalrevolution.com)
- Why earlier lockdowns matter so much. (nytimes.com)
- Abbott Labs ($ABT) is rolling out a new coronavirus antibody test for mass use. (businessinsider.com)
State and local
- State and local budgets are the next crisis hot spot. (nytimes.com)
- Muni bonds backed by convention revenues are going to struggle. (nytimes.com)
Economy
- Retail sales plunged in March. (npr.org)
- The April NAHB builder showed a sharp drop in homebuilder confidence. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Personal finance links: anything is good. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: post-publication performance. (abnormalreturns.com)
