Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today!
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)